Global Power By The Hour (PBH) Market 2023 - By Size, Share, Price, Growth, Analysis, Outlook And Forecast Report 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Power By The Hour (PBH) Global Market Report 2023 identifies growing low-cost airline industry as the major driver for the Power By The Hour (PBH) market's growth in the forecast period. 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 low-cost airline industry employs power-by-the-hour services to reduce operating costs, improve reliability, increase uptime, and provide better alignment of incentives.

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 competitors 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.

A key trend in the Power By The Hour (PBH) market includes performance-based contracts. 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. For instance, in February 2022, C&L Aviation Group, an Australia-based aviation and aftermarket-support services provider, entered into a multi-year contract with Legend Airways LLC, a US-based air carrier that operates in the 48 states of the USA, Mexico, Canada, and the Caribbean, to provide power by the hour services. Under this agreement, they committed to supplying rotables, engine line-replaceable units (LRUs), and expendables. Furthermore, in June 2021, AJ Walter Aviation Ltd., a UK-based company that provides exchange, repair, and lease services for commercial aircraft spare parts, signed a PBH agreement with TUS Airways, a Cyprus-based airline in Cyprus and Israel. Under this contract, the AJW Group has committed to providing the highest rates of operational reliability for the TUS Airways fleet.

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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. Global Power By The Hour (PBH) Market Size and Growth
…………………………………..
32. Global Power By The Hour (PBH) Market Competitive Benchmarking
33. Global Power By The Hour (PBH) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Power By The Hour (PBH) Market
35. Power By The Hour (PBH) Market Future Outlook and Potential Analysis
36. Appendix

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