Press release
Aircraft Micro Turbine Engines Market is anticipated to expand at a compound annual growth rate (CAGR) XX% from 2021 to 2031
Read more about Aircraft Micro Turbine Engines Market here: https://www.globalinsightservices.com/reports/aircraft-micro-turbine-engines-market/
Aircraft micro turbine engines are miniaturized gas turbines. They typically have a turbine wheel diameter of less than 3 inches (76 mm). Micro turbines can be used for power generation, vehicle propulsion, or as auxiliary power units.
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Key Players
-Honeywell International
-United Technologies
-Rolls-Royce
-General Electric
-Safran
-Cummins Inc.
-Capstone Turbine Corporation
-Solar Turbines Incorporated
Key Trends
The key trends in Aircraft micro turbine engines are as follows:
Increased use of micro turbines in aircraft: Micro turbines are becoming increasingly popular in aircraft due to their high power density and fuel efficiency.
Increased demand for micro turbine-powered aircraft: The demand for micro turbine-powered aircraft is growing rapidly, driven by the need for more fuel-efficient and environmentally-friendly aircraft.
Development of new micro turbine technologies: New micro turbine technologies are being developed that offer improved performance and lower costs.
Increased use of micro turbines in hybrid and electric aircraft: Micro turbines are being used increasingly in hybrid and electric aircraft, due to their high power density and fuel efficiency.
Key Drivers
The major factors driving the market are the increasing demand for fuel-efficient engines and the need for reduced maintenance costs.
The rising fuel prices and the stringent emission norms are the major factors driving the demand for fuel-efficient engines. The micro turbine engines are more fuel-efficient as compared to the traditional piston engines. These engines are also lighter in weight, which reduces the overall weight of the aircraft and increases the fuel efficiency.
The micro turbine engines require less maintenance as compared to the traditional piston engines. These engines have fewer moving parts, which reduces the wear and tear. The micro turbine engines also have a longer lifespan as compared to the traditional piston engines.
and is dominated by a few large manufacturers.
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Market Segments
By Installation
-Original Equipment Manufacturers
-Aftermarket
By End Use
-Propulsion
-Auxiliary Power
By Platform
-General Aviation
-Commercial Aviation
-Military Aviation
-Advanced Air Mobility
By Horsepower
-Below 50 HP
-50 to 100 HP
-100 to 200 HP
-Greater than 200 HP
By Engine Type
-Turbojet Micro Turbine Engines Market
-Turboshaft Micro Turbine Engines Market
-Turboprop Micro Turbine Engines Market
By Fuel Type
-Jet Fuel
-Multi Fuel
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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