18 January 2019: Global
Commercial Aircraft Battery Market is anticipated to show a
robust growth in the forthcoming years due to rising applications and scope
across the globe. Commercial aircraft battery is a type of power source that is
generally located in the equipment bay at the front. The commercial aircraft
sectors are making the most extensive usage of these batteries. It has been
observed that the market is currently undergoing a significant trend of substitution
of lithium battery technologies.
It helps in maintaining the refueling
functions and handling the power braking systems whenever the particular
aircraft is hauled. Moreover, it plays a
major role in assisting the functioning of electrical power equipment in the
situations of a power failure. The manufacturers are advancing the product with
the help of nanotechnology in order to raise the operation and performance
level of the batteries. The market is gaining huge recognition across the globe
due to rising applications and prerequisites.
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The factors that are acting as major boosters to the
Commercial Aircraft Battery market growth may include rise in the
industrialization, urbanization, economic development, augmented demands by the
commercial aircraft and aviation sector, product differentiation, constant
innovations, rise in the awareness among the end users, increase in the
production, rise in the employment of Li-ion batteries, and mounting
investments by the leading manufacturers. The challenges that the Commercial
Aircraft Battery market is facing may include thermal runaway confrontations
linked with Li-on batteries, probability of malfunctioning, and rise in the
risks of fire incidents and aircrafts accidents.
Commercial Aircraft Battery Market is classified by battery
chemistry as Lithium-Based, Lead Acid Batteries, Nickel-Based, and others.
Among all the battery chemistries, it has been noticed that the Lithium-Based
sector is currently holding a significant share in the market, due to its
durability feature, effective functioning, low maintenance requirement, and
high fuel efficiency. Commercial Aircraft Battery Industry is segregated by
geographical region as North America, Europe, China, Japan, Southeast Asia, and
India. Among all the geographical regions, Asia Pacific is currently been
considered as the dominant region in the market and is accounting for a
significant share in the market. It is anticipated that the region will go on
growing with the same pace until next few years.
The factors that can be attributed to the particular regions
growth may include rise in the number of aircrafts in the particular region,
innovations, burgeoning demands, easy availability of the product at much lower
prices, and rise in the focus on the manufacturing of aircraft batteries by the
government authorities. Countries including South Korea, Taiwan, Japan, and
China have been deemed as the major contributors to the market growth. On the
other hand, North America and Europe are also showing a robust growth due to
rising market growth opportunities in these regions. The key players operating
in the Commercial Aircraft Battery Market are recognized as Cella Energy, Saft,
Aerolithium Batteries, Gill Battery, Sion Power, HBL Power Systems,
EaglePitcher, Tadiran Batteries, True Blue Power, GS Yuasa, and Concorde
Battery.
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