Press release
Aviation Gas Turbine Global Market Expected to Witness $14.99 Billion with Impressive Growth at a 6.5% CAGR By 2028 | Motor Sich JSC, Avio SpA, Engine Alliance LLC, IHI Corporation, Klimov JSC
Aviation Gas Turbine Global Market
The Business Research Company offers in-depth market insights through Aviation Gas Turbine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The aviation gas turbine market size has grown strongly in recent years. It will grow from $10.82 billion in 2023 to $11.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing air travel demand, regulatory changes, geopolitical factors, airline industry dynamics, supply chain and manufacturing trends.
The aviation gas turbine market size is expected to see strong growth in the next few years. It will grow to $14.99 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to green aviation initiatives, electrification trends, emerging markets and regional growth, cybersecurity concerns, materials innovation. Major trends in the forecast period include increased demand for fuel efficiency, advanced materials and technologies, rising importance of maintenance, repair, and overhaul (mro) services, integration of digital technologies, shift towards sustainable aviation, growing urban air mobility (uam) sector.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9921&type=smp
Market Segmentation:
The aviation gas turbine market covered in this report is segmented -
1) By Type: Turbojet, Turbofan, Turboprop, Other Types
2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
3) By Application: Commercial Aircraft, Defense Aircraft, Business Aircraft, Other Applications
Major Driver - Surging Global Travel Trends Ignite Growth In Aviation Gas Turbine Market
The increasing numbers of global travelers are expected to propel the growth of the aviation gas turbine market. Global travelers refer to someone who frequently travels abroad or moved from one location to another location. Gas turbines operate on the compression, combustion, and expansion principles. The air's pressure and temperature rise as the air's velocity decreases. This principle maintains power to weight ratio, thus providing more comfort during the flight. For instance, in 2022, according to the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based economic research, analysis, and statistics providing organization, total passenger movements increased from 1.23 million in November 2021 to 16.68 million passengers in November 2022. Further, in December 2021, according to Bureau Of Transport statistics, Passengers on US airlines increased by 119% in October 2021. Therefore, increasing numbers of global travelers are driving the growth of the aviation gas turbine market.
Competitive Landscape:
Major companies operating in the aviation gas turbine market report are General Electric Company, CFM International Inc., Pratt & Whitney Co. Inc., Rolls-Royce Holdings plc, Avio SpA, Engine Alliance LLC, International Aero Engines AG, MTU Aero Engines AG, United Engine Corporation, Raytheon Technologies Corporation, Williams International Co. LLC, Safran Aircraft Engines, EuroJet Turbo GmbH, Honeywell International Inc., IHI Corporation, Klimov JSC, Kawasaki Heavy Industries Ltd., Safran SA, Solar Turbines Incorporated, Siemens Energy AG, Mitsubishi Heavy Industries Ltd., MAN Energy Solutions SE, MTU Turbomeca Rolls-Royce GmbH, Motor Sich JSC, Chromalloy Gas Turbine LLC, Capstone Turbine Corporation, GKN Aerospace Services Limited, GE Aviation Company .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/aviation-gas-turbine-global-market-report
Top Trend - Collaborative Technological Advancements Are Safran Sa And Ge's Innovative Jet Engine Technology For Next-Gen Aircraft
Technological advancements are a key trend gaining popularity in the aviation gas turbine market. Major companies operating in the aviation gas turbine market are involved in developing new and improved advanced technology to sustain their position in the market. For instance, in June 2021, Safran SA, a French-based aircraft equipment company, and GE, a US-based aviation company, announced their partnership to create innovative jet engine technology. The technology demonstrator project is being launched as the aviation industry gears up to compete for the next generation of single-aisle aircraft, including the MAX and A320neo, in the active segment of the market while also dealing with increasing environmental strain.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aviation Gas Turbine Market Characteristics
3. Aviation Gas Turbine Market Trends And Strategies
4. Aviation Gas Turbine Market - Macro Economic Scenario
5. Aviation Gas Turbine Market Size And Growth
…..
27. Aviation Gas Turbine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aviation Gas Turbine Global Market Expected to Witness $14.99 Billion with Impressive Growth at a 6.5% CAGR By 2028 | Motor Sich JSC, Avio SpA, Engine Alliance LLC, IHI Corporation, Klimov JSC here
News-ID: 3402770 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Turbine
Key Trend Reshaping the Turbine and Turbine Generator Set Units Market Segments …
How Are the key drivers contributing to the expansion of the turbine and turbine generator set units Market Segments?
The augmentation in power needs is substantially enabling the expansion of the turbine and turbine generator set units Market Segments. The level of power consumption at any specific moment is what defines its demand. The higher the demand, the more electricity is being used at that specific period. Turbines and turbine generator…
Microturbine Market Opportunities and Demand (2020-2026) | Key Players: Capstone …
The global Microturbine Market is expected to grow mainly on account of the rising demand for clean energy. The overall microturbine market is expected to grow from USD 180 Million in 2018 to USD 360 Million by 2026 at a CAGR of 9.23% during the forecast period. According to a report, published by Fortune Business Insights, titled, "MICROTURBINE: GLOBAL MARKET ANALYSIS, INSIGHTS, AND FORECAST, 2018-2026" the shift from the turbocharger…
Global Micro Turbine Market 2019 - Capstone Turbine, Ansaldo Energia, FlexEnergy
This new report by Eon Market Research, titled “Global Micro Turbine Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Micro Turbine industry at a global as well as regional and country level. Key facts analyzed in this report include the Micro Turbine market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses on the study…
Wind Turbine Operations and Maintenance Market | wind turbine maintenance, wind …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Wind Turbine Operations and Maintenance Market “
This research study analyzes the market for wind turbine operation and maintenance (O&M) in terms of revenue (US$ Mn). The wind turbine O&M market has been segmented on the basis of application and geography. The regional…
Global Micro Turbine Market 2018| Capstone Turbine, Ansaldo Energia, FlexEnergy, …
Albany, NY, 12th September : Recent research and the current scenario as well as future market potential of "Global Micro Turbine Market Research Report 2018" globally.
This report studies the global Micro Turbine market status and forecast, categorizes the global Micro Turbine market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast…
Global Micro Turbine Market 2017 - Capstone Turbine, Ansaldo Energia, FlexEnergy …
The report studies Micro Turbine in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
Download Free Sample Report @ https://www.fiormarkets.com/report-detail/30649/request-sample
The study Global Micro Turbine Industry 2017 is a detailed report scrutinizing statistical data related to the Global Micro Turbine industry. Historical data available in the report elaborates on the development…
