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Power by the Hour (PBH) Market Share

Name: Power by the Hour Market Share Forecast Report 2019-2025
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI4404
Published Date: Oct 2019
Report Format: PDF

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Power by the Hour Market Share

The companies operating in the power by the hour market are focusing on long-term contracts to capture market share in the market. For instance, in June 2019, Pratt & Whitney signed a contract with Mandarin Airlines for Fleet Management Program (FMP). Under this contract, the company will provide maintenance service for 18 PW127M engines. FMP is a tailor-made flexible maintenance agreement for fleet operators and the company provides hot section inspection, unscheduled engine maintenance, engine refurbishments, and diagnostics under this. The company also provides additional services, which include parts replacement, rental engine support, and repair.

Some of the major companies operating in the market are

Lufthansa Technik
Rolls-Royce plc
United Technologies
MTU Aero Engines AG
Textron Inc.
A J Walter Aviation Limited
AAR
AFI KLM E&M
Turkish Technic
GE Aviation
Singapore Technologies Engineering LTD
SIA Engineering Company
Exodus Aviation
Ameco
JSSI
EFTEC UK LTD
Hong Kong Aircraft Engineering Company Ltd.
Guangzhou Aircraft Maintenance Engineering Company Ltd (GAMECO)
Honeywell International Inc.
Evergreen Aviation Technologies (EGAT)

Authors: Suraj Gujar, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of power by the hour was crossed USD 20 billion in 2018.

The industry share of power by the hour is projected to expand at more than 6% CAGR during 2019 to 2025.

Power by the Hour (PBH) is a maintenance program provided by aircraft manufacturers as well as aircraft engine & component providers to aircraft operators. The program acts as an insurance policy for the commercial airlines, air charter, and corporate jet operators for unscheduled aircraft maintenance.

According to this GMI report, the power by the hour market size exceeded USD 20 billion globally in 2018.

North America held a PBH market share of over 25% in 2018 due to presence of major airlines, engines, components, and aircraft manufacturers in the region.

The Power by the Hour (PBH) industry is estimated to grow at over 6% CAGR between 2019 and 2025, as estimated by analysts at Global Market Insights, Inc.

The line maintenance segment is expected to grow at a CAGR of over 6% due to increase in narrow body fleet size, expansion of new routes, and increasing focus on regional connectivity.