Commercial Aircraft Turbine Blades & Vanes Market is a detailed report, which presents a combination of industry knowledge and research expertise based on regions too.
Los Angeles, CA -- (SBWIRE) -- 12/02/2019 -- QY Research recently published a report, titled "Global Commercial Aircraft Turbine Blades & Vanes Market Insights, Forecast to 2025". In the research report, researcher have provided data pertaining to each region, country, and its respective manufacturers. The data intends to help readers come to well-informed business decisions with the help of accurate information. It will not only help readers know the market but also understand each component in it.
The global commercial aircraft turbine blades & vanes market was valued at an estimated US$1.8 bn in 2018 and is roughly projected to reach around US$2.7 bn by the end of 2025, registering a significant rise of more than 5% CAGR during 2019-2025.
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Demand for Lightweight and Fuel Efficient Turbine Blades and Vanes to Boost Market
Global commercial aircraft turbine blades & vanes market is expanding at an exponential rate owing to rising demand of aircrafts and aero-engines. The aircraft operators, spend a large amount of money on operational cost for maintenance and repair. This cost, however, can be reduced by increasing the durability of hot section components. This has led to the demand for improved aero-engine components, which are continuously subjected to high temperatures. Hence, the new commercial aircraft turbine blades & vanes are designed and constructed in such a way that it helps in extending their durability and service life, reducing maintenance cost.
Additionally, factors like carbon dioxide emissions, high fuel prices, and strict regulations about noise are also playing a major role in the market. As they have increased demand for manufacturers to develop turbine blades & vanes which are lightweight and fuel efficient. Increasing number of aircraft manufacturers and rising demand for modern machines, which are more efficient and durable, are expected to propel the market growth.
Intermediate Pressure Turbine (IPT) Blades and Vanes to Lead Global Market
The global commercial aircraft turbine blades & vanes market is segmented into type and application. The type segment includes low pressure turbine (IPT) blades and vanes, intermediate pressure turbine (IPT) blades and vanes, and high pressure turbine (HPT) blades and vanes. Intermediate pressure turbine (IPT) blades and vanes segment is expected to grow significantly in the forecast years. The application segment includes widebody, narrowbody, regional jet, and others.
North America to Dominate Global Commercial Aircraft Turbine Blades & Vanes Market
As of 2018, North America held the largest market share in global commercial aircraft turbine blades & vanes market. However, with increasing air passenger traffic in countries like China and India, Asia Pacific is expected to register exponential growth in the forecast years. Other regions studied in the report includes Europe, South Asia, Central & South America, the Middle East & Africa, and others.
Manufacturers to Develop Turbine Blades & Vanes to Withstand Harsh Conditions
GE Aviation is one of the major players in the global commercial aircraft turbine blades & vanes market. It fixed the GE9X problem that delayed first Boeing 777X flight. According to its program manager, Ted Ingling, they fixed the assembly to make it more durable without changing the performance and operational characteristics. They are testing two engines, one, for endurance at redline temperatures and speed of rotors and the other for vibration endurance to assess ability to withstand different conditions. They have improved durability issues particularly affecting engines operating in high and sandy environments.
With this strategy, GE Aviation aims to provide durability, efficiency, and performance in extreme conditions. This is expected to increase the company's prominence in the market. The manufacturers covered in this report includes PCC Airfoils, GE Aviation, Rolls-Royce, Leistritz, UTC Aerospace Systems, Arconic, TURBOCAM, Moeller Aerospace, IHI, Cisri-gaona, Hi-Tek, and others.
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