Safran (France), Eaton Corporation plc (Ireland) and Parker-Hannifin Corporation (US) are leading players in Aircraft Pumps Market
The global aircraft pumps market size is projected to grow from USD 3.3 billion in 2021 to USD 4.5 billion by 2026, at a CAGR of 6.3% from 2021 to 2026. The market is driven by various factors, such as increase in aircraft renewals and need for more flexible and light aircraft with improved, lightweight systems and compact pumping systems.
Safran (France), Eaton Corporation plc (Ireland), Parker-Hannifin Corporation (US), Woodward, Inc. (US), and Crane Co. (US), among others, are some of the leading players operating in the aircraft pumps market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the aircraft pumps market.
Safran is a French multinational aircraft engine, rocket engine, aerospace-component, defense, and security company, formed by the merger between the aircraft and rocket engine and aerospace component manufacturer group SNECMA (Safran Aircraft Engines) and security company SAGEM (Company of General Applications of Electricity and Mechanics). The products developed by the company include helicopter turbines, mechanical, hydro-mechanical, and electromechanical equipment for the aeronautics industry, military avionics, and aeronautic system engines and parts for civil and military aircraft, defense and security equipment, navigation equipment, optronic systems, biometric identification systems, and secure transaction terminals. The company offerings include shop maintenance, on-site maintenance, repairs/spares parts, asset management, and consulting services. The company’s aircraft engines offer a complete range of engine services, including performance restoration, replacement of life-limited parts, and inspection and maintenance of the entire engine. It also offers components and subassemblies.
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Eaton is a power management company that provides solutions to help its customers manage electrical, hydraulic, and mechanical power. Its business segments include Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. The Electrical Products segment consists of electrical components, industrial components, residential products, single-phase power quality, fire detection, wiring devices, and circuit protection. The Hydraulics segment offers hydraulics components, systems, and services for industrial and mobile equipment. The Aerospace segment supplies aerospace fuel, hydraulics, and pneumatic systems for commercial and military use. The Vehicle segment designs, manufactures, markets, and supplies drivetrain, powertrain systems, and critical components for cars, light trucks, and commercial vehicles. The eMobility segment manufactures and supplies electrical and electronic components and systems. Eaton’s 2020 revenues were USD 17.9 billion, and it sells products to customers in more than 175 countries.
Parker Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a range of mobile, industrial, and aerospace markets. The company operates through the following segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units that manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment. The Diversified Industrial Segment consists of Automation Group, Engineered Materials Group, Filtration Group, Fluid Connectors Group, Hydraulics Group, and Instrumentation Group. The Aerospace Systems Segment produces hydraulic, fuel, pneumatic, and electro-mechanical systems and components, which are utilized on domestic commercial, military, and general aviation aircraft.
Related Reports:
Aircraft Pumps Market by Type (Hydraulic pumps, Fuel pumps, Lube and scavenge pumps, Water and waste water pumps, Air conditioning and cooling pumps), Pressure, End Use (OEM, Aftermarket), Technology, Aircraft Type and Region - Forecast to 2026
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