Aerospace Valves Market 2018: Global Forecasts to 2023 – Analysis by Valves, Mechanism, Material, Aviation, and End … – PR Newswire (press release)

DUBLIN, May 4, 2018 /PRNewswire/ —

The “Aerospace Valves Market by Valves (Fuel, Hydraulic, Air Conditioning, Pneumatic), Material (Steel, Aluminum, Titanium), Mechanism (Poppet, Pilot, Flapper-Nozzle, Ball and Plug, Baffle), End User (OEM, Aftermarket), Aviation – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The aerospace valves market is projected to grow from an estimated USD 3.71 Billion in 2018 to USD 4.84 Billion by 2023, at a CAGR of 5.44% during the forecast period.

This growth can be attributed to the increasing aircraft orders as a result of the rise in air passenger traffic across the globe. The growth in passenger traffic is resulting in increased flight hours of aircraft, which is leading to short replacement cycles, a key factor driving the demand for aerospace valves from the Maintenance, Repair and Overhaul (MRO) companies. Airliners are opting for lightweight valves, which would reduce aircraft weight and improve fuel efficiency.

Based on valves, the aerospace valves market has been segmented into aerospace fuel system valves, aerospace hydraulic system valves, aerospace air conditioning system valves, aerospace ice & rain protection system valves, pneumatic system valves, water and waste system valves, and aerospace lubrication system valves. Valves help in pressurizing various fluids such as fuel, hydraulic oils, lubricating oils and water, and transferring these fluids to different aircraft components that help in the better performance of an aircraft.

Based on mechanism, the aerospace valves market has been segmented into poppet valves, pilot valves, flapper-nozzle valves, ball and plug valves, baffle valves, and others. The ball and plug valves segment is expected to grow at the highest CAGR during the forecast period. Air conditioning & cooling valves are used in environment control management systems in an aircraft.

Based on end user, the aerospace valves market has

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