08-Oct-2020 | Zion Market Research
As per Zion Market Research, the aircraft pumps market was valued at USD 4.1 billion in 2019 and is predicted to cross USD 5.67 billion by 2026, with a CAGR of almost 7% during the coming period. This development can be credited to the rising aircraft orders, due to rising air passenger traffic all over the world. Development in air passenger traffic is leading to elevated flight hours of aircraft, in turn, leading to shorter cycles of replacement, which is the major factor powering the requirement for aircraft pumps from the MRO (Maintenance, Repair, and Overhaul) segment. Airliners are selecting for light weight and better pumps which might improve fuel efficiency and lower aircraft weight.
Major firms active in the global market are Eaton, Parker Hannifin, Zodiac Aerospace, Honeywell, AeroControlex, and Woodward, among others.
The EMPs Section Is Expected To Develop At The Max Speed During The Forecast Period
Based on technology, aircraft pumps have been divided into Electric Motor Driven Pumps (EMPs), Electric Driven Pumps (EDPs), Air Driven Pumps (ADPs), and Ram Air Turbine (RAT) driven pumps. The EMPs section is expected to develop at the max speed during the forecast period in the aircraft pumps market. EMPs are employed in case of emergency as standby units when engine driven pumps stop operating.
The Air Conditioning And Cooling Pumps Section Is Expected To Develop At The Max Speed During The Forecast Period
Based on type, aircraft pumps have been divided into lubrication pumps, fuel pumps, air conditioning and cooling pumps, and water & waste system pumps. The air conditioning and cooling pumps section is expected to develop at the max speed during the forecast period in the aircraft pumps market.
North America Added Up For The Biggest Share Of The Aircraft Pumps Market
The regional analysis of the global market for aircraft pumps comprises areas, such as Asia Pacific, Europe, North America, and the Rest of the World (RoW). North America added up for the biggest share of the aircraft pumps market. Different nations, such as Argentina, Brazil, UAE, and Saudi Arabia, among others, are predicted to have rising commercial and military aircraft deliveries. On the other hand, Asia Pacific is expected to cross North American by 2025 developing at the max speed, due to the rise in military aircraft and air passenger traffic in nations, such as China, India, and Russia, amongst others in the area.
Browse the full “Aircraft Pumps Market - by Technology (Electric Motor Driven, Engine Driven, Air Driven, and Rat Driven), by Pressure (500psi, 3000psi, 5000psi, and 6500psi), by Type (Hydraulic, Fuel, Cooling, and Lubrication), End User, Application, Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/aircraft-pumps-market
The global aircraft pumps market is segmented as follows:
By End User
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