Between 2020 and 2029, General Electric Aviation is expected to account for over ** percent of the aircraft engine maintenance, repair, and overhaul (MRO) market. During the same period, CFM International will most likely provide ** percent of commercial aircraft MRO market supply. Aircraft engine MRO market To sustain decent functioning of a highly complex aircraft, it must be constantly checked and repaired. MRO market firms provide various services including aircraft engine and components maintenance, airframe modifications and repair. Globally, the aircraft engine MRO market is expected to reach **** billion U.S. dollars by 2030. In Western Europe, the market for aircraft MRO is estimated to reach around **** billion U.S. dollars. From 2017 to 2026, engine maintenance will account for ** percent of the aircraft MRO demand in North America. Over the upcoming decade, in emerging market economies, the MRO services are expected to grow at a comparatively higher rate than in developed market economies. In Africa, for instance, the maintenance of aircraft components composed ** percent of the aircraft MRO demand in 2017. Firms providing aircraft MRO services Since the total engine MRO market is projected to be worth **** billion U.S. dollars in 2020, the profit attracts many competing firms. Yet, performing maintenance or overhaul of an aircraft is highly technical and skill intensive. In addition, around the globe, this market is highly regulated by the government to facilitate the safe and sound functioning of the airline industry. Therefore, there are a few companies providing MRO services. Between 2019 and 2020, CFM international will most likely generate over ** billion U.S. dollars by providing engine MRO services. Besides CFM International, there are many other companies providing MRO activities, such as Lufthansa Technik, Rolls-Royce and General Electric Aviation.

Aircraft Engine Leasing Market By Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Engine Type, By Leasing Period, By Aircraft Type, By Application, and By Region

According to Cognitive Market Research, the global Large Aircraft Manufacturing market will be USD XX billion in 2023 and expand at a CAGR of 4.20% from 2023 to 2030.

The demand for large aircraft manufacturing is rising due to global demand for air travel, technological advancements, and innovation.
Demand for Large Passenger Aircraft remains higher in the Large Aircraft Manufacturing market.
The Civil category held the highest Large Aircraft Manufacturing market revenue share in 2023.
North American Large Aircraft Manufacturing will continue to lead, whereas the Asia-Pacific Large Aircraft Manufacturing market will experience the most substantial growth until 2030.

Technological Advancements and Innovation to Provide Viable Market Output

Continuous technological advancements and innovations drive the Large Aircraft Manufacturing market. Manufacturers invest heavily in research and development to enhance aircraft performance, fuel efficiency, and passenger experience. Innovations such as advanced materials, aerodynamics, and avionics systems contribute to developing more sophisticated and efficient large aircraft.

April 2020, Raytheon and United Technologies Corporation, excluding Otis Worldwide, combined to create Raytheon Technologies Corporation, with total sales of $79 billion in 2019. This new entity now includes Rockwell Collins and engine manufacturer Pratt and Whitney.

(Source:www.aerospacemanufacturinganddesign.com/news/raytheon-merges-united-technologies-aerospace-businesses/)

Rising Global Air Travel Demand to Propel Market Growth

The growing global demand for air travel is a key driver fuelling the Large Aircraft Manufacturing market. As economies expand and middle-class populations increase, there is a heightened need for efficient, high-capacity aircraft to accommodate the rising number of passengers. Emerging markets, in particular, contribute to the demand for larger and more technologically advanced aircraft as airlines seek to expand their fleets to meet passenger travel requirements.

Airbus and Bombardier Aerospace's 2017 announcement of their Series partnership may lead to a cascade of reactions resulting in a new order.

(Source:www.airbus.com/en/newsroom/press-releases/2017-10-airbus-and-bombardier-announce-c-series-partnership)

Market Dynamics of Large Aircraft Manufacturing

Regulatory Compliance and Certification Challenges to Restrict Market Growth

One significant restraint in the Large Aircraft Manufacturing market is the complex regulatory landscape and the challenges of obtaining certifications for new aircraft models. Stringent safety and environmental regulations necessitate exhaustive testing and compliance procedures, leading to extended timelines and increased costs. Meeting global aviation authorities' diverse and evolving requirements poses a hurdle for manufacturers, impacting the speed of aircraft development and market entry. Striking a balance between innovation and compliance becomes crucial for manufacturers to navigate these challenges successfully.

Impact of COVID–19 on the Large Aircraft Manufacturing Market

The COVID-19 pandemic significantly impacted the Large Aircraft Manufacturing market, causing disruptions throughout the aviation industry. The imposition of travel restrictions, lockdowns, and a sharp decline in air travel demand led to a substantial decrease in aircraft orders and deliveries. Airlines faced financial challenges, leading to deferring or canceling planned fleet expansions. The manufacturing process was disrupted due to supply chain interruptions, labor shortages, and temporary facility closures. As a result, many large aircraft manufacturers experienced delays in production schedules and declining revenues. The pandemic underscored the industry's vulnerability to external shocks, emphasizing the need for resilience and adaptability. Introduction of Large Aircraft Manufacturing

Aircraft manufacturing refers to designing, building, and assembling various aircraft types, including commercial airliners, military aircraft, and general aviation planes. The process involves various activities, including engineering design, materials selection, fabrication of components, assembly, and testing—growth fuelled by the rising global demand for air travel and technological advancements and innovation.

In November 2021, Boeing reported a backlog of 4,210 commer...

The Cote d'Ivoire's aircraft internal combustion engine market soared to $26M in 2024, picking up by 3,028% against the previous year. Overall, consumption, however, saw a pronounced slump. Aircraft internal combustion engine consumption peaked at $57M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

Maritime Patrol Aircraft Market By Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Type, By Engine Type, By Aircraft Type, By Application, By Region, Competition Forecast and Opportunities

The South Asian aircraft internal combustion engine market shrank to $7.3B in 2024, dropping by -3.2% against the previous year. In general, consumption, however, showed a perceptible expansion. The level of consumption peaked at $9.1B in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

Snapshot img { margin: 10px !important; } Overview of the global turbine oil market

As per the Technavio’s market research report, the global turbine oil market is expected to grow at a steady rate and will post a CAGR of more than 3% during the forecast period. The rising awareness and concern towards the reduction of carbon emissions will drive the growth prospects for the global turbine oil market for the next four years. Consequently, the demand for electricity generation technologies such as gas turbines, steam turbines, and hydroelectric power systems that result in less carbon emission footprint is increasing, which, in turn, will surge the growth rate of the global turbine oil market. Factors such as the implementation of stringent carbon emission regulations on a global level focus on high performance and lower power generating cost and volatility in fuel cost will further drive the demand for high-efficient gas turbines. Moreover, various chief gas turbine manufacturers such as GE and Siemens are increasingly focusing on investing heavily in the development of high-efficiency gas turbines that will drive the demand for turbine oil.

According to our turbine oil industry analysis, the development of bio-lubricants will drive the growth prospects for the market until the end of 2021. Since these environment-friendly lubricants are consumed in lower concentrations in comparison with conventional metalworking fluids, possess outstanding oxidation and thermal stability, and excellent anti-wear properties, the popularity of these bio-lubricants will fuel the market’s demand for turbine oil.

Competitive landscape and key vendors

The global turbine oil market is a highly competitive due to the presence of a large number of regional and international vendors on a global level. These vendors in the motorcycle oil market are increasingly competing against each other based on factors such as price, quality, and market presence. Several regional or local turbine oil manufacturers are increasingly focusing on research and developmental activities to reduce the cost and improve the durability of lubricants.

Key vendors in this market are -

Castrol
Chevron
ExxonMobil
Royal Dutch Shell
Valvoline

Other prominent vendors in the market include Bharat Petroleum, ConocoPhillips, Eastern Petroleum, FUCHS, Gazpromneft – Lubricants, Indian Oil, LUKOIL Lubricants, and Petrelplus.

Segmentation by product and analysis of the turbine oil market

Synthetic oil-based lubricants
Mineral oil-based lubricants

The mineral oil-based lubricants segment accounted for the majority market share and dominated the market in 2016, and by 2021, it will continue to grow and dominate the motorcycle oil market. Mineral oil lubricants are made from crude oil and are the most widely available and affordable product in comparison to other lubricant types such as synthetic oils. Though the production of mineral oil-based lubricants is expected to decline due to the complexities of the machinery and stringent regulations, the growth of mineral oil-based lubricants segment will continue because of the initial price difference between synthetic oil-based lubricants and mineral oil-based lubricants.

Segmentation by geography and analysis of the turbine oil market

Americas
APAC
EMEA

According to the market research analyst, APAC accounted for the majority market share during 2016 and will continue to dominate the market in the coming years. The turbine oil market is experiencing a high demand for power generation in Southeast Asia and Australia regions, which will boost the number of installation of steam turbines. The market is also experiencing a rise in demand for gas turbine power generation. Furthermore, these power plants will require turbine oils for maintenance of their turbine operations, which, in turn, will propel the rate of revenue generation in the motorcycle oil market.

Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global turbine oil market?
What are the key market trends impacting the growth of the global turbine oil market?
What are the challenges to market growth?
Who are the key vendors in the global turbine oil market?
What are the market opportunities and threats faced by the vendors in the global turbine oil market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global turbine oil market?

Technavio also offers customization on reports based on specific client requirement.

GlobalData's latest report "Gas Turbine Market, Update 2017 – Global Market Size, Competitive Landscape, Key Country Analysis, and Forecasts to 2021" offers comprehensive information and understanding of the global gas turbine market. The report offers in-depth analysis of gas turbine market at global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key countries (the US, Canada, China, India, Japan, Australia, Indonesia, Germany, the UK, Saudi Arabia) level. The report analyzes the gas turbine market value and volume for the historic (2011-2016) and forecast (2017-2021) period. The report covers the drivers and restraints affecting the gas turbine market, country-wise annual capacity additions and market value, and the competitive landscape for respective countries in 2016. Profiles of major gas turbine manufacturers are also presented in this report. The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalData's team of industry experts. Read More

The Thai aircraft internal combustion engine market shrank markedly to $1.1B in 2024, dropping by -21% against the previous year. In general, consumption continues to indicate a noticeable slump. Over the period under review, the market reached the peak level at $2.2B in 2016; however, from 2017 to 2024, consumption stood at a somewhat lower figure.

Snapshot img { margin: 10px !important; } Highlights of the turbine inlet cooling systems market research report are:

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See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Overview of the global turbine inlet cooling systems market

Technavio’s market research analyst predicts the global turbine inlet cooling systems market to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the reduction in the number of coal-based power plants. Owing to the increase in concerns about environmental protection and the goal of clean power has been the main reasons for the closing of power plants in several countries across the globe. Also, in several countries, the consumption of natural gas as a fuel, instead of coal, for power generation is on the rise. For instance, in the UK, the major contribution to power generation is from natural gas instead of coal. This shift towards natural gas has significantly reduced the consumption of coal across the globe. Another reason for the decrease in demand for coal is the shutdown of many coal power plants with respect to environmental concerns. This reduction in the number of coal-based power plants will ensure the construction of new gas-fired power plants, which in turn will increase the demand for gas turbines and further drive the turbine inlet cooling systems market during the forecast period.

One of the latest trends gaining traction in this market is the rise in distributed power generation. Power generation is undergoing a transformation from centralized systems to integrated networks. This is due to the growing reliance on distributed power generation systems. Distributed power technologies are characterized by high flexibility, and are suited for a wide range of applications such as electric power, propulsion, and mechanical power. Distributed power technologies can operate in a standalone mode as well as work in an integrated system, catering to the needs of both large and small energy users. This is amplifying the potential for gas-fired distributed power technologies along with boosting the demand for gas turbine inlet cooling systems.

Competitive landscape and key vendors

The global turbine inlet cooling systems market is highly consolidated due to the presence of a few established players, holding major market shares. Efficiency is the main area of focus for manufacturers as it forms the primary means to upgrade offerings in the market. To gain a competitive advantage, an increasing number of players are constantly focused on better and more efficient product extensions. Multiple entry barriers make it extremely difficult for a new entrant to enter the market space.

Leading vendors in the market are –

American Moistening Company
Baltec IES
Caldwell Tanks
Mee Industries
Siemens

Other prominent vendors in the turbine inlet cooling systems market include Camfil Power Systems, Johnson Controls, and Stellar Energy.

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Segmentation by technology and analysis of the turbine inlet cooling systems market

Mechanical chillers
Inlet fogging

During 2016, the mechanical chillers segment dominated the turbine inlet cooling systems market and accounted for a major part of the overall market share. Factors such as higher efficiency and the ability to allow the cooling of the turbine inlet air at low temperatures are the key factors responsible for the dominance of this segment in the global market.

Geographical segmentation and analysis of the turbine inlet cooling systems market

APAC
Europe
North America
ROW

In this market study, analysts have estimated North America to dominate the turbine inlet cooling systems market during the forecast period. The demand for gas turbines in North America is driven by stringent emission laws and the need for efficient power generation in countries such as the US and Canada. Consequently, with the increase in the use of gas turbines, the demand for turbine inlet cooling systems will increase in the next few years.

Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global turbine inlet cooling systems market?
What are the key market trends impacting the growth of the global turbine inlet cooling systems market?
What are the challenges to market growth?
Who are the key vendors in the global turbine inlet cooling systems market?
What are the market opportunities and threats faced by the vendors in the global turbine inlet cooling systems market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
What are the key outcomes of the five forc

The Qatari aircraft internal combustion engine market was finally on the rise to reach $3.9M in 2024, after six years of decline. Overall, consumption posted significant growth. Over the period under review, the market reached the peak level at $884M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

The global gas turbine market revenue amounted to $X in 2017, rising by X% against the previous year. Overall, the total market indicated a mild expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas turbine consumption increased by +X% against 2013 indices.

The revenue of the gas turbine market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. The gas turbine consumption continues to indicate a drastic slump. The growth pace was the most rapid in 2012, when it surged by X% y-o-y.

The revenue of the gas turbine market in Asia amounted to $X in 2017, stabilizing at the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2009, when it surged by X% year-to-year.