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Posted by
Two Blokes Jul 21 -
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The global aerospace energy storage market, valued at $1.89 billion in 2024, is projected to hit $4.29 billion by 2034. Growth drivers include green aviation and rising electrification initiatives, with Asia-Pacific and South America leading in growth rates. Key players like Saft Batteries and Tesla Inc. dominate, while lithium batteries lead market segments. Major trends involve innovative battery technologies enhancing electric aviation and strategic partnerships advancing aerospace solutions. Recent notable mergers include Parker Hannifin's acquisition of Meggitt PLC. The global aerospace energy storage market, valued at $1.89 billion in 2024, is projected to hit $4.29 billion by 2034. Growth drivers include green aviation and rising electrification initiatives, with Asia-Pacific and South America leading in growth rates. Key players like Saft Batteries and Tesla Inc. dominate, while lithium batteries lead market segments. Major trends involve innovative battery technologies enhancing electric aviation and strategic partnerships advancing aerospace solutions. Recent notable mergers include Parker Hannifin's acquisition of Meggitt PLC.
