Europe Commercial Aircraft Batteries and Accessories Market Is Worth $28.2 Million by 2019

Europe, August 11, 2015 (Newswire.com) - The Europe commercial aircraft batteries and accessories market was valued at $20.1 million in 2014, and is expected to reach $28.2 million by 2019, at a CAGR of 6.9% from 2014 to 2019.

Browse through the TOC of Europe Commercial Batteries And Accessories Market for an analysis of industry trends, segments & forecasts.

The European commercial aircraft batteries and accessories market was estimated to be valued at $20.1 million in 2014.

Carter, AVP

Enersys, Saft Groupe SA, Eagle Picher Corporation, GS Yuasa Corporation, Gill Electric Company, and Concorde Battery Corporation are the key players operating in the Europe commercial aircraft batteries and accessories market.

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The growth in the batteries and accessories market has been propelled with the use of autonomous systems. The need for optimized aircraft performance, decrease in operational and maintenance cost, reduction of gas emissions and airport noise, and the tremendous increase in aircraft deliveries have been factors driving the batteries market .

The restraints identified in the market include macro-economic shocks and regulatory issues. The challenges faced by this market include thermal management in electrical systems, reliability of electrical systems in harsh environments, and the optimization of the mass of electrical systems.

Since most of the primary functions of the aircraft are powered by the electrical system, manufacturers want to invest in new technologies that are highly reliable, less hazardous, and offer reduced maintenance costs.

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Also, the number of aircraft in service is expected to double in number from 2014 onwards.
This indicates that there will be a rapid growth in manufacturing of new aircrafts which in turn will lead to the demand for the installation of new technology aircraft batteries that will drive the aircraft and accessories market.

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The batteries and accessories market has been classified into battery chemistry, type of aircraft, and geography. Battery chemistries are classified into nickel cadmium batteries, lithium ion batteries, and others.

Others include battery chemistries like lead acid batteries, nickel metal hydride batteries, hydrogen-based fuel cells and flywheels. The aircraft included in the segmentation of the batteries and accessories market are Very Large Aircraft (VLA), Wide Body Aircraft (WBA), Narrow Body Aircraft (NBA), and Regional Jets (RJ).

This report includes market share and value chain analyses, along with the market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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