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Power By The Hour Market 2020 | Application and Future Forecast by 2026

Author : Rahul Varpe | Published Date : 2020-09-02 

How will rising number of air passengers shape Power by the Hour (PBH) market outlook?

Growing demand for cargo and passenger aircraft along with the rising need for fuel-efficient engines might boost the Power by the Hour (PBH) market size. Recently, countries like China, Africa and India have witnessed sizeable demand for air travel and cargo transportation. Advent of advanced technologies like Augmented Reality (AR), Virtual Reality (VR) and Artificial Intelligence (AI) could positively impact PBH market growth. Evidently, several firms in the market are also focusing towards offering long-term contracts for aircraft engine maintenance.

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For example, JetSMART has inked a 12-year contract for the maintenance of GTF engines with Pratt and Whitney. Reportedly, the contract would see JetSMART maintaining all the GTF engines for Pratt and Whitney’s 85-firm orders of AirbusA320neo airplane portfolio. JetSMART would also offer services under the EngineWise program as well as provide a flexible alternative for maintenance to the airline company.

What are major factors influencing Power by the Hour (PBH) market expansion in the commercial aviation industry?

Supportive government initiatives geared towards increasing trade & tourism as well as rising number of air passengers booking flights for long-haul routes might majorly stimulate wide body commercial aircrafts demand.

Notably, developing countries like India, Brazil and China have seen a rise in the development of megacities. Meanwhile, increasing air passengers have influenced airline companies to shift their focus towards offering aircrafts that cover long-haul routes. Speculating these determinants, it is likely that the commercial aviation industry may offer noteworthy growth to the PBH market.

What are the prospects of PBH market in the heavy maintenance segment? 

Rise in demand for modification and upgradation of new as well as existing airplane fleet is supplementing the heavy maintenance segment growth. The advent of highly optimized aircraft engines along with the increasing need for lightweight components is anticipated to propel industry size. 

In fact, AirAsia X recently extended its agreement with AFI KLM E&M to maintain its latest A330neo aircraft. As per the extended contract, the company would offer repair services and component pools to the airline. Also, it would help with all logistics related services for a number of its major components.

What are the ongoing trends in North America Power by the Hour (PBH) market?

North America is expected to hold a major share in global Power by the Hour (PBH) market. Aspects like growing inclination towards upgrading old aircraft with advanced components and escalating requirement for long-range wide-body airplanes are projected to stimulate regional market share. Additionally, the presence of renowned aircraft engine & component manufacturers could likely foster North America Power by the Hour industry size.

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What are the key challenges faced by global PBH market?

Lack of trained MRO maintenance workforce and high manufacturing cost associated with aircraft parts & components could major restraints PBH market growth. With the rising number of available seat miles, airlines firms are now focusing more on provide on-time services as any delay can cost a hefty amount of penalty.

 

 

  

 

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

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