Power by the Hour (PBH) Market Report and Forecast 2025-2034

The global power by the hour (PBH) market is supported by the global aircraft MRO market, which attained a value of USD 82.22 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 4.00% to reach USD 121.71 Billion by 2034.

Rising Demand for Cost-Effective Maintenance of the Aircrafts Boosting the Market Growth

The robust growth of the airlines industry owing to globalisation and rising expenditure on travel is aiding the growth of the power by the hour industry. Power by the hour (PBH) is reshaping the customer-supplier relationship in defence and aerospace contracts. As PBH provides superior and cost-effective maintenance and support services while recognising the acquisition of quality products, it is increasingly preferred, further catalysing the market growth. Power by the hour (PBH) eliminates the capital cost of refurbishing the engine and the unplanned expense of premature engine failures. Moreover, it establishes the known engine operating costs and reduces the capital assets. Such advantages are increasing the use of power by the hour (PBH) program, hence fuelling its market growth.

As providers are increasingly offering various initiatives like total fleet management and integrated care packages due to stiff competition, the market for power by the hour is further boosting. It also shelters airlines by reducing the fixed cost component of capacity against economic slowdown, consequently aiding the market growth. In addition, the rising demand for narrow body aircrafts, which are more efficient and sustainable, is increasing the demand for MRO, hence aiding the market growth for power by the hour (PBH). Moreover, the increasing prevalence of economically feasible budget airlines to meet the consumer demands is increasing the demand for effective cost-maintenance of the aircraft, further fuelling the market growth.

Power by the Hour (PBH): Market Segmentation

Power by the hour (PBH) is an hourly maintenance program for engines and aircraft. The term was first used by Rolls-Royce in 1962 to support the Viper engine on the de Havilland business jet. The program allows for the efficient management of the budget for modern aircraft by helping to reduce MRO item purchases and improve the bottom line.

Breakup by Components

• Engine
• Landing Gear and Breaks
• Spare Parts and Component
• Airframes
• Others

Breakup by Provider

• OEM
• MRO

Breakup by Application

• Commercial Aviation
• Business Jet
• Commercial Helicopter
• Others

Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Technological Advancements to Bolster the Power by the Hour (PBH) Industry

The increasing digitisation by data software analytics to increasing the operational efficiency and enable faster maintenance of airlines is escalating the demand for power by the hour, hence aiding the market growth. Moreover, various new airlines, which are enabled with data connectivity, are further connected to ground stations to share the data for predictive maintenance scheduling, consequently augmenting the market growth. Furthermore, increasing research and development in MRO is enabling the use of condition-based analytics to monitor the aircraft, which allows the MRO providers to analyse data for future uses. Such developments are anticipated to fuel the market growth in the forecast period.

The growth of a new economy which focuses on the use of technology to improve productivity and economic growth is transforming the maintenance, repair, and operational supplies services and is consequently aiding the power by the hour (PBH) industry. The rising use of fuel-efficient engines in the airlines industry is also augmenting the market growth. The advantages of the power by the hour (PBH) program, such as fixed pricing, cost-sharing, and performance-based compensation, have the potential to move beyond the aerospace and defence sector to the retail sector, which is anticipated to propel the market growth.

Key Industry Players in the Global Power by the Hour (PBH) Market

The report presents a detailed analysis of the following key players in the global power by the hour (PBH) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Air France-KLM Group
• AAR CORP
• Rolls-Royce plc
• Avtrade
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.