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The global zero-emission aircraft engines market size reached USD 7.87 Billion in 2020 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to latest analysis by Emergen Research. Increasing air traffic and increasing need to reduce Green House Gas (GHG) emissions is expected to support market revenue growth between 2021 and 2028.
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Zero Emission Aircraft Engines Market Size Worth USD 24.62 Billion in 2030 www.emergenresearch.com . 2 Increasing air traffic and increasing need to reduce Green House Gas (GHG) emissions are some key factors driving market revenue growth.
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Market Summary The Global Zero-emission Aircraft Engines Market size reached USD 7.87 Billion in 2020 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to latest analysis by Emergen Research. Increasing air traffic and increasing need to reduce Green House Gas (GHG) emissions is expected to support market revenue growth between 2021 and 2028. Zero-emission Aircraft Engines Market Size – USD 7.87 Billion in 2020, Market Growth – at a CAGR of 12.2%, Market Trends – Increasing implementation of stringent emission regulations In addition, increasing implementation of stringent emission regulations will boost revenue growth of the market. Harmful emissions is a serious issue in aviation industry, and a better way of propulsion is required to alleviate the problem. Additionally, as a result of implications of stringent emission standards imposed by various governments, various aircraft manufacturers have shifted to zero-emission concept. Zero-emission aircraft engines play a vital role in reducing greenhouse gas emissions, as well as air pollution and noise pollution while increasing efficiency of the aircraft. www.emergenresearch.com
Market Summary Some Key Findings From the Report: Turbofan segment is expected to register a substantially rapid revenue CAGR during the forecast period due to rising need for fuel efficiency in aircraft as turbofan system increases volume of air propelled through it and gradually decreases average exhaust gas velocity. Hydrogen segment is expected to register a significantly robust revenue growth rate over the forecast period, owing to increasing need to minimize and eliminate air pollutants such as nitrogen oxide from aircraft emissions, thereby limiting adverse environmental impact. Medium-haul segment is expected to register a substantially rapid revenue CAGR during the forecast period due to increasing need for less fuel consumption and comfortable journey North America market is expected to register a considerably large revenue share due to robust presence of major market players providing zero-emission aircraft engines such as National Aeronautics and Space Administration (NASA), BETA Technologies, Inc., Bye Aerospace, Inc., and ZeroAvia, Inc., among others in countries in the region Request Free Sample : https://www.emergenresearch.com/request-sample/937 www.emergenresearch.com
Market Summary Type Outlook (Revenue, USD Billion; 2018–2030) Turboprop Turbofan Blended Wing Body Power Source Outlook (Revenue, USD Billion; 2018–2030) Hydrogen Electric Range Outlook (Revenue, USD Billion; 2018–2030) Short-haul Medium-haul Long-haul Application Outlook (Revenue, USD Billion; 2018–2030) Passenger Aircraft Cargo Aircraft Read More @ https://www.emergenresearch.com/industry-report/zero-emission-aircraft-engines-market
Market Summary • Key Objectives of the Report: • Analysis and estimation of the Zero Emission Aircraft Engines market size and share for the projected period of 2020-2027 • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Zero Emission Aircraft Engines market • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities • Read more : https://www.emergenresearch.com/industry-report/zero-emission-aircraft-engines-market
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