Press release
Aerospace Energy Storage Global Market Soars to $2.11 Billion in 2025: Influenced by Trends, Key Players and Global Demand
Aerospace Energy Storage Market Size
What Is The Projected Market Size Of The Global Aerospace Energy Storage Global Market Report 2025 And Its Growth Rate?
• Rapid growth in the aerospace energy storage market has seen it rise from $1.9 billion in 2024 to reach $2.11 billion in 2025, representing a compound annual growth rate (CAGR) of 11.5%.
• Driving factors during this period include the rising need for lightweight energy storage and an increased focus on environmental sustainability.
• By 2029, the market is expected to reach $3.19 billion, propelled by the rapid expansion of electric aircraft programs and a global transition to sustainable aviation, registering a CAGR of 10.8%.
What Is Driving The Growth In The Aerospace Energy Storage Global Market Report 2025?
The surge in demand for aircraft electrification is a significant factor driving the growth of the aerospace energy storage market. The energy storage systems play a vital role in this electrification process, providing efficient and reliable power for various electrical systems. Several initiatives encouraging this trend include the £113 million investment announced by the UK government and industry in February 2023 for developing hydrogen and all-electric flight technologies.
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Who Are the Key Players Driving Aerospace Energy Storage Global Market Report 2025 Growth?
• Tesla Inc
• GE Energy
• Raytheon Technologies
• The Boeing Company
• Lockheed Martin
• BYD Co. Ltd
• Northrop Grumman
• Honeywell Aerospace
• Jabil Energy Storage
• Siemens Energy AG
• NextEra Energy Resources
• Eaton Corporation plc
• Rolls-Royce PLC
What Are The Key Trends In The Aerospace Energy Storage Global Market Report 2025?
Product innovation is emerging as a major trend in the aerospace energy storage market:
• Regulatory push for sustainable aviation
• Product innovation
• Technological advancements
What Are The Segments Of The Global Aerospace Energy Storage Global Market Report 2025?
• By Type: Lead Acid Battery, Lithium Battery, Other Types
• By Technology: Pumped Hydro, Compressed Air, Batteries, Flywheels, Fuel Cells, Other Technology
• By Application: Aircraft, Spacecraft
Which Region Leads The Aerospace Energy Storage Global Market Report 2025?
Europe had the largest market share in the aerospace energy storage market in 2024. The report reveals that Asia-Pacific is predicted to be the fastest-growing region during the forecast period.
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What Is Covered In The Aerospace Energy Storage Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Aerospace Energy Storage Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aerospace Energy Storage Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aerospace Energy Storage Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aerospace Energy Storage Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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