Aerospace Energy Storage Market Size, Share, Trends, Growth Outlook

The global Aerospace Energy Storage Market Size is estimated to increase at a CAGR of 21.1% during the forecast period from 2024 to 2030.

 

The Aerospace Energy Storage Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Type (Lead Acid Battery, Lithium Battery, Others), Application (Aircraft, Spacecraft), Source (Wind, Hydro, Solar, Biofuel, Geothermal, Ocean), Technology (Pumped Hydro, Compressed Air, Batteries, Flywheels, Fuel Cells, SMES, Supercapacitors).

 

An Introduction to Aerospace Energy Storage Markets in 2024

Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Aerospace Energy Storage industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Aerospace Energy Storage companies. The Aerospace Energy Storage demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Aerospace Energy Storage industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.

Aerospace Energy Storage Market Trends:

The aerospace energy storage market is experiencing a trend towards lightweight and high-energy-density storage solutions, advancements in battery chemistries, and electrification in aviation. Innovations in lithium-ion batteries, solid-state batteries, and hybrid energy storage systems are prevalent trends. Aerospace energy storage involves providing power to onboard systems, electric propulsion, and auxiliary power units in aircraft and spacecraft. Moreover, developments in safety features, rapid charging capabilities, and integration with electric propulsion systems are shaping the market.

Aerospace Energy Storage Market Drivers:

Key drivers propelling the aerospace energy storage market include the demand for lighter and more efficient power sources, electrification initiatives in aviation, and the need for sustainable aircraft technology. Aerospace energy storage solutions offer advantages such as weight reduction, increased efficiency, and reduced emissions, crucial for enhancing aircraft performance and meeting environmental targets. Furthermore, technological advancements in battery technology, increasing investments in electric aircraft development, and the drive for greener aviation contribute significantly to market growth.

Aerospace Energy Storage Market Opportunities:

Opportunities in the aerospace energy storage market lie in advancing energy storage technologies for aviation and promoting their role in achieving sustainable air transportation. Collaboration among energy storage providers, aerospace manufacturers, and aviation regulators offers significant growth prospects. Additionally, investing in innovative energy storage solutions for aircraft, promoting electric propulsion systems, and advocating for the benefits of aerospace energy storage in reducing carbon footprint can unlock new avenues for market expansion. Exploring partnerships for electric aircraft projects, advocating for aviation energy storage-related incentives, and showcasing successful aerospace energy storage implementations can further drive market growth and facilitate wider adoption.

 

Aerospace Energy Storage Market Segmentation

Aerospace Energy Storage refers to energy storage solutions used in aerospace applications, such as advanced batteries or fuel cells, crucial for powering aircraft systems, satellites, and spacecraft efficiently and reliably.

By Type

• Lead Acid Battery

• Lithium Battery

• Others

 

By Application

• Aircraft

• Spacecraft

 

By Source

• Wind

• Hydro

• Solar

• Biofuel

• Geothermal

• Ocean

 

By Technology

• Pumped Hydro

• Compressed Air

• Batteries

• Flywheels

• Fuel Cells

• SMES (Superconducting magnetic energy storage)

• Supercapacitors

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Aerospace Energy Storage Market Companies

• Cuberg, Inc.

• EAS Batteries GmbH

• Eaton Corporation plc

• Gnanomat S.L.

• Guangxi Aerospace Beidou New Energy Industrial Technology Co., Ltd.

• Kokam Co., Ltd.

• Meggitt PLC

• nanoFlowcell Holdings Ltd.

• Sichuan Changhong Battery Co., Ltd.

• Siemens AG

 

Reasons to Buy the Aerospace Energy Storage Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions

• Gain access to detailed insights on the Aerospace Energy Storage market, encompassing current market size, growth trends, and forecasts till 2030.

• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities

• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends

• Identify lucrative investment avenues and expansion opportunities within the Aerospace Energy Storage industry, guided by robust, data-backed analysis.

• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics

• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain

• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics

• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 INTRODUCTION TO 2024 Aerospace Energy Storage MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 EXECUTIVE SUMMARY
3.1 Global Aerospace Energy Storage Market Size Outlook, $ Million, 2021 to 2030
3.2 Aerospace Energy Storage Market Outlook by Type, $ Million, 2021 to 2030
3.3 Aerospace Energy Storage Market Outlook by Product, $ Million, 2021 to 2030
3.4 Aerospace Energy Storage Market Outlook by Application, $ Million, 2021 to 2030
3.5 Aerospace Energy Storage Market Outlook by Key Countries, $ Million, 2021 to 2030

4 MARKET DYNAMICS
4.1 Key Driving Forces of Aerospace Energy Storage Industry
4.2 Key Market Trends in Aerospace Energy Storage Industry
4.3 Potential Opportunities in Aerospace Energy Storage Industry
4.4 Key Challenges in Aerospace Energy Storage Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Aerospace Energy Storage Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 GLOBAL Aerospace Energy Storage MARKET OUTLOOK BY SEGMENTS
7.1 Aerospace Energy Storage Market Outlook by Segments
Type
Lead Acid Battery
Lithium Battery
Others

Application
Aircraft
Spacecraft

Source
Wind
Hydro
Solar
Biofuel
Geothermal
Ocean

Technology
Pumped Hydro
Compressed Air
Batteries
Flywheels
Fuel Cells
SMES (Superconducting magnetic energy storage)
Supercapacitors


8 NORTH AMERICA Aerospace Energy Storage MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Aerospace Energy Storage Markets in 2024
8.2 North America Aerospace Energy Storage Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Aerospace Energy Storage Market size Outlook by Segments, 2021-2030
Type
Lead Acid Battery
Lithium Battery
Others

Application
Aircraft
Spacecraft

Source
Wind
Hydro
Solar
Biofuel
Geothermal
Ocean

Technology
Pumped Hydro
Compressed Air
Batteries
Flywheels
Fuel Cells
SMES (Superconducting magnetic energy storage)
Supercapacitors


9 EUROPE Aerospace Energy Storage MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Aerospace Energy Storage Markets in 2024
9.2 Europe Aerospace Energy Storage Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Aerospace Energy Storage Market size Outlook by Segments, 2021-2030
Type
Lead Acid Battery
Lithium Battery
Others

Application
Aircraft
Spacecraft

Source
Wind
Hydro
Solar
Biofuel
Geothermal
Ocean

Technology
Pumped Hydro
Compressed Air
Batteries
Flywheels
Fuel Cells
SMES (Superconducting magnetic energy storage)
Supercapacitors


10 ASIA PACIFIC Aerospace Energy Storage MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Aerospace Energy Storage Markets in 2024
10.2 Asia Pacific Aerospace Energy Storage Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Aerospace Energy Storage Market size Outlook by Segments, 2021-2030
Type
Lead Acid Battery
Lithium Battery
Others

Application
Aircraft
Spacecraft

Source
Wind
Hydro
Solar
Biofuel
Geothermal
Ocean

Technology
Pumped Hydro
Compressed Air
Batteries
Flywheels
Fuel Cells
SMES (Superconducting magnetic energy storage)
Supercapacitors


11 SOUTH AMERICA Aerospace Energy Storage MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Aerospace Energy Storage Markets in 2024
11.2 South America Aerospace Energy Storage Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Aerospace Energy Storage Market size Outlook by Segments, 2021-2030
Type
Lead Acid Battery
Lithium Battery
Others

Application
Aircraft
Spacecraft

Source
Wind
Hydro
Solar
Biofuel
Geothermal
Ocean

Technology
Pumped Hydro
Compressed Air
Batteries
Flywheels
Fuel Cells
SMES (Superconducting magnetic energy storage)
Supercapacitors


12 MIDDLE EAST AND AFRICA Aerospace Energy Storage MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Aerospace Energy Storage Markets in 2024
12.2 Middle East and Africa Aerospace Energy Storage Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Aerospace Energy Storage Market size Outlook by Segments, 2021-2030
Type
Lead Acid Battery
Lithium Battery
Others

Application
Aircraft
Spacecraft

Source
Wind
Hydro
Solar
Biofuel
Geothermal
Ocean

Technology
Pumped Hydro
Compressed Air
Batteries
Flywheels
Fuel Cells
SMES (Superconducting magnetic energy storage)
Supercapacitors


13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- Cuberg, Inc.
- EAS Batteries GmbH
- Eaton Corporation plc
- Gnanomat S.L.
- Guangxi Aerospace Beidou New Energy Industrial Technology Co., Ltd.
- Kokam Co., Ltd.
- Meggitt PLC
- nanoFlowcell Holdings Ltd.
- Sichuan Changhong Battery Co., Ltd.
- Siemens AG


14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Aerospace Energy Storage Market Segmentation

Aerospace Energy Storage refers to energy storage solutions used in aerospace applications, such as advanced batteries or fuel cells, crucial for powering aircraft systems, satellites, and spacecraft efficiently and reliably.

By Type

• Lead Acid Battery

• Lithium Battery

• Others

 

By Application

• Aircraft

• Spacecraft

 

By Source

• Wind

• Hydro

• Solar

• Biofuel

• Geothermal

• Ocean

 

By Technology

• Pumped Hydro

• Compressed Air

• Batteries

• Flywheels

• Fuel Cells

• SMES (Superconducting magnetic energy storage)

• Supercapacitors

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)