The Business Research Company’s Power By The Hour (PBH) Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Power By The Hour (PBH) Global Market Report 2023 evaluates power by the hour (PBH) market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global power by the hour (PBH) market is expected to grow from $21.77 billion in 2022 to $23.53 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The power by the hour (PBH) market is expected to reach $30.93 billion in 2027 at a CAGR of 7.1%.
The growing low-cost airline industry is expected to propel the growth of the power-by-the-hour (PBH) market going forward. The low-cost airline industry refers to a low-cost carrier that provides airline services to passengers at minimal fares by minimizing operating expenses and reducing the amenities made available to the passengers. The low-cost airline industry employs power-by-the-hour services to reduce operating costs, improve reliability, increase uptime, and provide better alignment of incentives. For instance, in October 2022, according to Eurocontrol, a Belgium-based government agency, from January to September, the low-cost carrier industry grew from 31.9% in 2019 to 32.5% in 2022. Therefore, the growth in the low-cost airline industry is driving the growth of the power-by-the-hour (PBH) market.
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The power by the hour (PBH) market segments in the report are:
1) By Component: Engine, Landing Gear And Breaks, Spare Parts And Component, Airframes, Other Components
2) By Provider: Original Equipment Manufacturer (OEM), Maintenance, Repair And Operations (MRO)
3) By Application: Line Maintenance, Heavy Maintenance
4) By Platform: Commercial Aviation, Business Jet, Commercial Helicopter
The table of contents in TBRC’s power by the hour (PBH) market report includes:
1. Executive Summary
2. Power By The Hour (PBH) Market Characteristics
3. Power By The Hour (PBH) Market Trends And Strategies
4. Power By The Hour (PBH) Market – Macro Economic Scenario
5. Power By The Hour (PBH) Market Segmentation
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26. South America Power By The Hour (PBH) Market
27. Brazil Power By The Hour (PBH) Market
28. Middle East Power By The Hour (PBH) Market
29. Africa Power By The Hour (PBH) Market
30. Power By The Hour (PBH) Market Competitive Landscape And Company Profiles
Top Major Players:
- GE Aerospace,
- Rolls-Royce Holdings plc,
- Pratt & Whitney Services Inc
- Textron Inc
- Honeywell Aerospace
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