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Global Power By The Hour (PBH) Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Report, Forecast 2023-2028

Power by the hour pbh market digital ville
Power by the hour pbh market digital ville

The new report by Expert Market Research titled, ‘Global Power by the Hour (PBH) Market Growth, Share, Size, Trend, Report and Forecast 2023-2028’, gives an in-depth analysis of the global power by the hour (PBH) market, assessing the market based on its segments like components, providers, applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2020): USD 73.1 billion (Global Aircraft MRO Market)
  • Forecast CAGR (2023-2028): 4% (Global Aircraft MRO Market)
  • Forecast Market Size (2028): USD 92.5 billion (Global Aircraft MRO Market)

The power by the hour (PBH) industry is driven by the flourishing airline sector and the rising demands to reduce the operational cost of aircraft. Power by the hour (PBH) provides cost-effective and efficient maintenance, repair, and operational services which are catalyzing the industry growth. It can establish the operation cost of the engine and reduce the capital assets; such factors are also propelling the market growth for power by the hour (PBH). Additionally, the rising demand for narrow-body aircraft and fuel-efficient engines is further accelerating the market growth. The robust growth of economically feasible budget airlines is aiding the power by the hour (PBH) industry.

Industry Definition and Major Segments

Power by the hour (PBH) is a program that can provide budget predictability and better value and liquidity for the maintenance of the airlines. The term was first used by Rolls-Royce in 1962. It is used to provide the operator with a fixed engine maintenance cost over an extended period of time to mitigate engine failure.

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On the basis of components, power by the hour industry (PBH) is segmented into:

  • Engine
  • Landing Gear and Breaks
  • Spare Parts and Component
  • Airframes
  • Others

The major providers in the market are:

  • OEM
  • MRO

Based on the applications, the market is segmented into:

  • Commercial Aviation
  • Business Jet
  • Commercial Helicopter
  • Others

The major regions of power by the hour (PBH) industry are:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The market for power by the hour (PBH) is driven by the increasing research and developments (R&D) in the airlines industry to enable faster maintenance and efficient operation. Technological advancements such as data analytics and the Internet of things (IoT), and condition-based analytics are increasing the demand for more efficient MRO, further fuelling the market growth.

Additionally, the development of a new economy that uses technology to increase productivity is also expected to aid market growth. As power by the hour (PBH) posits various advantages such as fixed price, cost-sharing, and performance-based compensation, they can be used in sectors other than airlines which are expected to lubricate the market growth in the forecast period.

Key Market Players

The major players in the market are Air France-KLM Group, AAR CORP, Rolls-Royce plc, and Avtrade, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person:- Eliana Grace, Business Consultant
Email: [email protected]
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