Selbyville, Delaware, Aug. 04, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on aerospace accumulators market which estimates the global market valuation for aerospace accumulators will cross US$ 8.8 million by 2026. Rising number of business jets will surge the aerospace accumulators demand.
Rising urbanization and shift in public preferences toward air travel owing to minimum travel time and better convenience will drive aircraft demand. Safer & economic air travel has increased the volume of air passengers over the years, creating a reasonable demand for airplanes. Further, emerging countries including India, China, and Israel are continuously investing in the development of aerospace and defense sectors.
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Increasing defence budget across the globe will support the aerospace accumulators market growth. In FY 2019, the U.S. witnessed a growth of over 7% in its defense budget as compared to FY 2018. Furthermore, the U.S. government proposed an increase of the military budget to around USD 721.5 billion for the financial year 2020. Moreover, advancements in accumulator technologies including lower weight components along with improved strength will accelerate the accumulators demand.
Bladder accumulators segment will witness over 3% CAGR through 2026. These accumulators are used for energy storage application in the hydraulic systems of passenger aircrafts. Bladder accumulators are lighter in weight, improves the overall handing of the system and have high charging and discharging frequencies. Additionally, they possess high discharge speeds and usually require less maintenance. Increasing aircraft production coupled with proliferating demand for new generation aircrafts will propel the segment growth.
The business jets segment will witness significant growth owing to the rising globalization and inter-continental business activities. Increasing business activities along with geographic expansion of major companies requires employees to travel multiple destinations for monitoring their business, positively influencing aerospace accumulators market size.
Browse key industry insights spread across 200 pages with 210 market data tables & 19 figures & charts from the report, “Aerospace Accumulator Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aerospace-accumulator-market
The growth of aerospace accumulators in Asia Pacific is attributed to the proliferating air passengers across the region. Improving economy, rising popularity of low-cost air carriers and rising disposable income are some of the major factors supporting the regional aircraft growth over the forecast period. Moreover, demand for commercial and military aircrafts from countries including China and India will further accelerate the aerospace accumulator industry till 2026.
Some major findings of the aerospace accumulators market report include:
- Rising aircraft production will positively influence the aerospace accumulator industry size.
- Increasing defense spending to expand military aircraft fleet will drive the segment penetration.
- Product manufacturers are primarily focusing on product differentiation through technology advancement as a key strategy in the long run.
Prominent aerospace accumulators market participants include, Eaton Corporation, Senior Aerospace, Woodward, Haydac Technologies, Triumph Group, APPH Group, Valcor Engineering, and Parker Hannifin.
Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/aerospace-accumulator-market
Partial chapters of report table of contents (TOC):
Chapter 2. Executive Summary
2.1. Aerospace accumulator industry 360° synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Material trends
2.1.4. Aircraft trends
2.1.5. Regional trends
Chapter 3. Aerospace Accumulator Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016-2026
3.3. Industry ecosystem analysis
3.4. Industry impact forces
3.4.1. Aerospace Accumulators Market Growth drivers
3.4.1.1. Rising commercial aircraft production
3.4.1.2. Increasing military expenditure
3.4.1.3. Presence of large number of aircraft manufacturers in North America
3.4.1.4. Proliferating demand for next generation aircrafts
3.4.2. Industry pitfalls & challenges
3.4.2.1. Stringent regulations
3.4.2.2. Supply chain disruption due to COVID-19
3.5. Regulatory landscape
3.6. Patent analysis
3.7. Growth potential analysis
3.8. Regional price trends
3.9. Cost structure analysis
3.10. Future trends
3.11. Competitive landscape, 2019
3.11.1. Top players overview, 2019
3.11.2. Strategy dashboard
3.12. Porter’s analysis
3.13. PESTEL analysis
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.