- The key vendors in the global MEA market 2015-2019 are Airbus, Boeing, Honeywell International Inc., Raytheon Company and Safran
London, 03 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global MEA market 2015-2019. Shift to usage of fuel cells is one of the key trends upcoming in the market. A fuel cell transforms chemical energy from using fuel into electricity through a chemical reaction. The increased use of fuel cells in aircraft is because of their multiple uses. The water, a by-product of these fuel cells, can be reused for galleys and lavatories, and the heat is used for de-icing aircraft wings. The global MEA market 2015-2019 is expected to grow at a CAGR of 3.79% during the period 2014-2019.
“The popularity of and demand for MEA has affected the gas turbines and propulsion systems, which has led to the emergence of more electric engines,” says Faisal Ghaus, Vice President of Technavio Research.
“Rolls-Royce has shifted to more electric engines with its new Trent 1000 engine specially designed for the Boeing 787, which provides better compressor operability and lower idle thrust and noise by using key technology components such as electric actuators and advanced bearings.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
