24-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for aerospace valves market was valued at approximately USD 5.2 Billion in 2019, and is expected to generate revenue of around USD 7.8 Billion by end of 2026, growing at a CAGR of around 5.2% between 2020 and 2026. This development can be credited to the rising orders of aircraft due to the increase in air passenger traffic all over the world. The development in passenger traffic is leading to elevated flight hours of aircraft, which is resulting in short cycles of replacement, which a major factor powering the requirement for aerospace valves from the MRO (Maintenance, Repair and Overhaul) firms. Airliners are selecting lightweight valves that might enhance fuel efficiency and lower aircraft weight.
Major firms listed in the report comprise AeroControlex, Parker Hannifin Corporation, Honeywell, Eaton, Woodward, and Zodiac Aerospace, among others.
Valves Assisting In Enhancing The Performance Of An Aircraft To Power The Global Market Growth
On the basis of valves, the global market for aerospace valves has been divided into aerospace hydraulic system valves, aerospace fuel system valves, aerospace rain & ice protection system valves, aerospace air conditioning system valves, water and waste system valves, pneumatic system valves, and aerospace lubrication system valves. Valves assist in pressurizing different fluids such as hydraulic oils, fuel, water, and lubricating oils, and transferring these liquids to various aircraft elements that assist in the enhanced performance of an aircraft.
North America Added Up For The Biggest Share Of The Global Market For Aerospace Valves
The geographical study of the global market for aerospace valves comprises areas such as Europe, North America, Asia Pacific, and the RoW. North America added up for the biggest share of the global market for aerospace valves. Different nations such as Argentina, Brazil, the UAE, and Saudi Arabia, among others, are elevating their commercial and military aircraft fleets. On the other hand, the aerospace valves market in Asia Pacific is expected to develop at the max CAGR in the years to come owing to the rise in military aircraft and passenger traffic in nations such as China, India, and Russia, amongst other nations, from the area.
The current backlogs in delivering aircrafts act as a limitation in the development of the global market. The restricted manufacturing ability of primary aircraft production firms has led to a huge backlog of deliveries for aircraft.
Browse the full “Aerospace Valves Market Valves (Aerospace Water And Waste System Valves, Aerospace Lubrication Systems Valves, Aerospace Pneumatic System Valves, Aerospace Ice And Rain System Valves, Aerospace Air Conditioning System Valves, Aerospace Hydraulic System Valves, Aerospace Fuel System Valves), End-User (Original Equipment Manufacturer and Aftermarket), Material (Titanium, Aluminium, Corrosion Resistant Steel, and Others), Mechanism (Ball And Plug Valves, Flapper-Nozzle Valves, Pilot Valves, Poppet Valves, and Others), Aviation (Business and General Aviation, Military Aviation, and Commercial Aviation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/aerospace-valves-market
The global aerospace valves market is segmented as follows:
By End User
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