World Environmental Control System Market to Reach USD 4.22 Bn by 2022, States M&M in Its Research Report Published at MarketPublishers.com29 Mar 2017 • by Natalie Aster
LONDON – Worldwide, the market for environmental control systems is poised to expand in value reaching USD 4.22 billion by end-2022, posting a 4.34% CAGR. An upsurge in air traffic, particularly in the APAC region and Europe, owing to a hike in aircraft deliveries is the primary factor giving a boost to the growth of the sector. Meantime, present-day backlogs in aircraft deliveries are amid the key factors limiting the market expansion.
With respect to platforms, fixed wings grabbed the dominant share of the total environmental control systems marketplace as of 2016. This big market share is due to increased demand for aircraft on account of ever-increasing passenger traffic.
Region-wise, North America captured the biggest market share in 2016, which can be fueled by the demand for single-aisle aircraft across the region as they are fuel-efficient and equipped with the novel technology on the basis of the More Electric Architecture (MEA). The region’s market growth is projected to be fuelled by a hike in the deliveries of mid-size aircraft in the offing.
The APAC environmental control systems marketplace is set to register the fastest CAGR in the offing, on the back of the increasing air traveler traffic.
Comprehensive market research report “Environmental Control Systems Market” elaborated by M&M provides deep, unprejudiced insights into the market, categorising it on the basis of end-user, platform, system and component; as well as mapping these segments and sub-segments across key regions.
The report provides detailed market size estimates; examines market dynamics and key factors that have a bearing on the growth of the marketplace like restraints, drivers, opportunities, and industry challenges. It also canvasses the micromarkets pertaining to individual growth trends, future outlook, and their contribution to the overall market. The study gives details about novel products, untapped geographic areas, latest developments, and investments. The research study offers an exhaustive assessment of the leading market players covering their market shares, strategies, product lines, and production capabilities. Granular company profiles are available in the study, too.
More comprehensive studies elaborated by M&M can be found in its catalogue at MarketPublishers.com.