Press release
Power By The Hour (PBH) Global Market Worth $30.93 Billion at a CAGR of 7.1% By 2027 | Key Players: GE Aerospace, Textron Inc., Honeywell Aerospace, MTU Aero Engines AG, Elbit Systems Ltd.
Power By The Hour (PBH) Market
The Business Research Company's Power By The Hour (PBH) Global Market Report 2023 identifies the growing low-cost airline industry is expected to propel the growth of the power-by-the-hour (PBH) market going forward. The low-cost airline industry refers to a low-cost carrier that provides airline services to passengers at minimal fares by minimizing operating expenses and reducing the amenities made available to the passengers.
The global power by the hour (PBH) market is expected to grow from $21.77 billion in 2022 to $23.53 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The power by the hour (PBH) market is expected to reach $30.93 billion in 2027 at a CAGR of 7.1%.
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Major players in the power by the hour (pbh) market are GE Aerospace, Rolls-Royce Holdings plc, Pratt & Whitney Services Inc, Textron Inc., Honeywell Aerospace, Bombardier Aerospace Corp, Lufthansa Technik AG, MTU Aero Engines AG, Elbit Systems Ltd., Hong Kong Aircraft Engineering Company Ltd., Embraer Aircraft Maintenance Services Inc., Air France Industries KLM Engineering & Maintenance, Delta TechOps Services Group (DTSG), ST Engineering Aerospace Ltd., AAR Corp., Turkish Technic Inc., SR Technics Group, Sabena Technics SAS, SIA Engineering Company Limited, Jet Support Services Inc., Magnetic MRO, Avtrade Ltd, C&L Aviation Group, A J Walter Aviation Limited, Aircraft Maintenance and Engineering Corporation Limited, Eftec Aero Limited, Optima Aero Inc., Exodus Aviation, TAP Maintenance & Engineering, and Mexicana MRO Services.
Performance-based contracts are a key trend gaining popularity in the power-by-the-hour (PBH) market. Major companies operating in the power-by-the-hour market are focused on entering new performance-based contracts to sustain their position in the market.
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The Power By The Hour (PBH) Market Is Segmented -
• By Component: Engine, Landing Gear And Breaks, Spare Parts And Component, Airframes, Other Components
• By Provider: Original Equipment Manufacturer (OEM), Maintenance, Repair And Operations (MRO)
• By Application: Line Maintenance, Heavy Maintenance
• By Platform: Commercial Aviation, Business Jet, Commercial Helicopter
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Power By The Hour (PBH) market.
The Business Research Company's "Global Power By The Hour (PBH) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Power By The Hour (PBH) Market Include:
1. Executive Summary
2. Power By The Hour (PBH) Market Characteristics
3. Power By The Hour (PBH) Market Trends And Strategies
4. Power By The Hour (PBH) Market - Macro Economic Scenario
5. Power By The Hour (PBH) Market Size And Growth
.....
26. Africa Power By The Hour (PBH) Market
27. Power By The Hour (PBH) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Power By The Hour (PBH) Market
29. Power By The Hour (PBH) Market Future Outlook and Potential Analysis
30. Appendix
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