The Power By The Hour (PBH) Global Market Report 2023, provides comprehensive information on the power by the hour (PBH) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Power By The Hour (PBH) Market’s Growth:
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As per The Business Research Company’s Power By The Hour (PBH) Global Market Report 2023, 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%.
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Performance-based contracts are a key trend gaining popularity in the power-by-the-hour (PBH) market. Major companies operating in the power-by-the-hour market are focused on entering new performance-based contracts to sustain their position in the market. For instance, in February 2022, C&L Aviation Group, an Australia-based aviation and aftermarket-support services provider, entered into a multi-year contract with Legend Airways LLC, a US-based air carrier that operates in the 48 states of the USA, Mexico, Canada, and the Caribbean, to provide power by the hour services. Under this agreement, they committed to supplying rotables, engine line-replaceable units (LRUs), and expendables. Furthermore, in June 2021, AJ Walter Aviation Ltd., a UK-based company that provides exchange, repair, and lease services for commercial aircraft spare parts, signed a PBH agreement with TUS Airways, a Cyprus-based airline in Cyprus and Israel. Under this contract, the AJW Group has committed to providing the highest rates of operational reliability for the TUS Airways fleet.
The power by the hour (PBH) market is segmented:
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
North America was the largest region in the power by the hour (PBH) market in 2022.
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. Global Power By The Hour (PBH) Market Size and Growth
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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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