(PRWEB) April 19, 2015 -- The Asia-Pacific commercial batteries and accessories market report defines and segments the concerned market with analysis and forecast of revenue. The market is estimated to reach $68.9 million by 2019, at a CAGR of 7.5% from 2014 to 2019.
Browse through the TOC of Asia-Pacific Commercial Aircraft Batteries and Accessories Market for an analysis of industry trends, segments and forecasts.
Aircraft batteries form an essential component of the aircraft and are used to start engines and auxiliary power units (APUs). They act as a buffer in regulating DC network voltage, and ensure acceptable power quality for connected equipment. In case of in-flight general electrical failure, the aircraft depends on batteries to power essential loads during landing and evacuation.
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The increasing cost of aviation fuel is driving the Asia-Pacific commercial aircraft batteries and accessories market. In order to reduce their capital expenditure on aviation fuel, manufacturers prefer to opt for more fuel-efficient aircraft. Along with fuel-efficient aircraft, manufacturers are also looking at the More Electric Aircraft (MEA) concept. With most primary functions of the aircraft being power by the electrical system, manufacturers want to invest in new technologies that are highly reliable, less hazardous, and reduce maintenance cost.
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Based on geographical segmentation, the market is classified into major countries such as China, India, and Japan. The market in China accounted for the largest share in the Asia-Pacific commercial aircraft batteries and accessories market. This growth is attributing to increasing foreign investments and technological advancements made in the aviation sector in China.
The commercial aircraft batteries and accessories market is segmented based on battery chemistry, type of aircraft, and geography. Based on battery chemistry, the market covers nickel cadmium batteries, lithium ion batteries, and others. The market based on type of aircraft includes very large aircraft (VLA), wide body aircraft (WBA), narrow body aircraft (NBA), and regional jets (RJ).
The report also provides a competitive landscape and company profiles of the key players in the market.
North America Commercial Aircraft Batteries and Accessories Market
The North American commercial aircraft batteries and accessories market is expected to grow at a CAGR of 7.3% during the forecast period, 2014 to 2019. Aircraft batteries are one of the most essential engineering components of the aircraft.
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