• About Us
  • Contact Us
  • Submit News Release
Tuesday, March 21, 2023
No Result
View All Result
submit news
Oman News Club
  • BUSINESS
  • ENERGY
  • FINANCE
  • HEALTHCARE
  • LIFESTYLE
  • REAL ESTATE
  • TECH
  • TRAVEL
  • MIDDLE EAST
  • PRESS RELEASES
  • BUSINESS
  • ENERGY
  • FINANCE
  • HEALTHCARE
  • LIFESTYLE
  • REAL ESTATE
  • TECH
  • TRAVEL
  • MIDDLE EAST
  • PRESS RELEASES
No Result
View All Result
Oman News Club
Submit PR
Home PRESS RELEASES

Aircraft Electric Motors Market Worth $12.9 Billion by 2027 at a CAGR of 9.4%

by Newsroom Editor
February 24, 2023
Share on FacebookShare on Twitter


(EMAILWIRE.COM, February 24, 2023 ) The Aircraft Electric Motors Market is projected to grow from USD 8.2 Billion in 2022 to USD 12.9 Billion by 2027, at a CAGR of 9.4% from 2022 to 2027. The demand for improved aircraft electric motors onboard new aircraft is boosting the adoption of aircraft electric motors, which reduces weight and decreases operating and maintenance costs for end users.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3248447

Based on Type, AC Motors are expected to dominate market share during the forecast period. The market for aircraft electric motors has grown significantly in the AC Motor sector, which might be attributable to applications with varying power requirements. They are employed in hydraulic pump and aircraft fan actuation systems.

Based on Output Power, the above 200 kW is anticipated to show the highest growth rate for aircraft electric motor market. Their optimal applicability for mid-sized aircraft flying short-distance journeys is attributed to the segment’s rise. These motors are ideally adapted to power smaller aircraft either as a distributed system on bigger aircraft like the Eviation Alice 9-passenger aircraft or as a standalone system on smaller aircraft. They frequently have higher torque and lower RPM than smaller motors.

Based on aircraft type, fixed-wing aircraft is expected to account for the largest market share during the forecast period. Both in the commercial and general aviation sectors, the demand for fixed-wing aircraft is anticipated to grow rapidly, necessitating the concurrent usage of aircraft electric motors for cutting-edge aircraft. Secondly, manufacturers are developing advanced aircraft electric motors to replace the bulky traditional aircraft components.

Based on End Use, the OEM segment is projected to lead the aircraft electric motors market during the forecast period. The demand for different types of aircraft has significantly increased throughout the areas over the years. Electric motors are installed by OEM during the aircraft assembly process and then made accessible for supply to aircraft manufacturers. Consequently, the OEM segment market will be driven.

Based on Region, North America accounted for the largest market share in 2022, and Asia Pacific is projected to witness the highest CAGR during the forecast period. Existence of key players, OEMs, and component makers are some of the factors anticipated to drive the North American aviation electric motors market. Additionally, the rising demand for contemporary aircraft for commercial and civic uses is having an impact on market growth in North America.

Key Market Players:

Major players operating in the aircraft electric motors market include Moog Inc. (US), Meggitt PLC (UK), Altra Industrial Motion Corporation (US), Woodward, Inc. (US), Allied Motion Inc. (US), Arkwin Industries Inc. (US) and Rolls-Royce PLC (UK). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, Middle East and Asia Pacific.

News Also Covered: https://www.prnewswire.com/news-releases/aircraft-electric-motors-market-worth-12-9-billion-by-2027—exclusive-report-by-marketsandmarkets-301750621.html

Related Reports:

Aircraft Fuel Systems Market by Application (Commercial, Military and UAV), Engine Type (Jet engine, Turboprop engine, Helicopter engine and UAV engine), Component, Technology & Region – Global Forecasts to 2020

Electric Aircraft Market by Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region (2021-2030)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

Previous Post

Oman: Oman opens airspace, joining Saudi in Israeli airline corridor – Gulf Digital News

Next Post

Indian firm plans to set up battery recycling plant in Oman – Muscat Daily

Next Post

Indian firm plans to set up battery recycling plant in Oman - Muscat Daily

No Result
View All Result

Categories

  • BUSINESS (23)
  • ENERGY (35)
  • FINANCE (35)
  • HEALTHCARE (35)
  • LIFESTYLE (35)
  • MIDDLE EAST (82)
  • PRESS RELEASES (673)
  • REAL ESTATE (35)
  • TECH (20)
  • TRAVEL (20)

Recent.

BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

Correction: BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East

March 20, 2023

New project worth more than OMR8mn to be distinctive investment … – Times of Oman

March 20, 2023
Electrolyzers Market worth $23.6 Billion by 2028

Electrolyzers Market worth $23.6 Billion by 2028

March 20, 2023

Subscribe to our Newsletter

    Share Us

    Categories

    Categories
    • BUSINESS
    • ENERGY
    • FINANCE
    • HEALTHCARE
    • LIFESTYLE
    • MIDDLE EAST
    • PRESS RELEASES
    • REAL ESTATE
    • TECH
    • TRAVEL

    Recent News

    Recent Posts
    • Correction: BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East
    • New project worth more than OMR8mn to be distinctive investment … – Times of Oman
    • Electrolyzers Market worth $23.6 Billion by 2028
    • Air Motor Market expected to hit USD 1.08 Bn by 2029 during the forecast period

    About Us

    OmanNews.Club™ reports, publishes and aggregates business, Tech and lifestyle news on Oman the Middle East and the North Africa (MENA). 

    We provide press release distribution to media outlets in Oman, Arab countries and the (MENA) regions. Submit a press release or contact us today.

    Oman News is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC

    About Us / Contact Us / Submit News Release

    No Result
    View All Result
    • About Us
    • Cart
    • Checkout
    • Contact Us
    • Home
    • My account
    • Shop
    • Submit News Release
    • Test page

    Oman News is part of GroupWeb Media Network. @ 2023 GroupWeb Media LLC