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Hydrogen Aircraft Market to Reach $489 billion, Globally, by 2050 at 15.4% CAGR: Allied Market Research

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The growth of the global hydrogen aircraft market is driven by factors such as increase in air passenger traffic across the globe, high suitability of hydrogen as an aviation fuel, and rise in the environmental awareness and zero emission targets.

PORTLAND, Ore., July 8, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Hydrogen Aircraft Market by Passenger Capacity (Less than 100, 101 to 200, More than 200), Range (Short Haul (Less Than 1000 Km), Medium Haul (1000 to 2000 Km), Long Haul (Above 2000 Km)), Application (Passenger Aircraft and Cargo aircraft), Power Source (Liquid Hydrogen Aircraft, Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, and Hydrogen Fuel Cell Aircraft), and Power Output (0 to 100 KW, 100 KW to 1 MW, and 1 MW and Above): Global Opportunity Analysis and Industry Forecast, 2030-2050″. According to the report, the hydrogen aircraft market was valued at $27.7 billion in 2030, and is estimated to reach $489 billion by 2050, growing at a CAGR of 15.4% from 2030 to 2050.

The growth of the global hydrogen aircraft market is driven by factors such as increase in air passenger traffic across the globe, high suitability of hydrogen as an aviation fuel, and rise in the environmental awareness and zero emission targets. However, high costs associated with production and handling of hydrogen, and technical challenges related to aircraft design, and hydrogen storage hamper the growth of the market. On the contrary, development of green hydrogen ecosystem, proactive government initiatives toward hydrogen powered aircraft are expected to offer remunerative opportunities for the expansion of the hydrogen aircraft market during the forecast period.

Request Sample of the Report on Hydrogen Aircraft Market Forecast 2050:
https://www.alliedmarketresearch.com/request-sample/A08743 

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2030–2050

Base Year

2030

Market Size In 2030

$27.7 Billion

Market Size In 2050

$489 Billion

CAGR

15.4 %

No. Of Pages In Report

316

Segments Covered

Passenger Capacity, Range, Application, Power Source, Power Output, And Region.

Drivers 

Increase In Air Passenger Traffic Across The Globe

High Suitability Of Hydrogen As An Aviation Fuel

Rise In The Environmental Awareness And Zero Emission Targets

Opportunities

Development Of Green Hydrogen Ecosystem

Proactive Government Initiatives Toward Hydrogen Powered Aircraft

Restraints

High Costs Associated With Production And Handling Of Hydrogen

Technical Challenges Related To Aircraft Design, And Hydrogen Storage

Procure Complete Report (316 Pages PDF with Insights, Charts, Tables, and Figures)
https://www.alliedmarketresearch.com/checkout-final/hydrogen-aircraft-market-A08743

The less than 100 segment to maintain its leadership status by 2050.

By passenger capacity, less than 100 segment held the highest market share in 2030, accounting for more than two-thirds of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period, as the companies are increasingly planning to manufacture hydrogen aircraft with 100 passenger capacity and develop sustainable aviation solutions to mitigate climate change and reduce the environmental footprint of the aviation industry. However, the more than 200 segment is projected to manifest the highest CAGR of 19.6% from 2031 to 2050, owing to the focus on development of full-scale hydrogen-fueled aircraft several leading manufacturers that are able to carry more than 200 passengers as large capacity aircraft are anticipated to be in high demand in the future.

The short haul segment to maintain its leadership status by 2050.

By range, the short haul segment held the highest market share in 2030, accounting for more than half of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as various startups such as AeroDelft and ZeroAvia have undertaken efforts to manufacture small passenger hydrogen powered aircraft, which have a higher range. The study by the International Council on Clean Transportation (ICCT) titled ‘Performance Analysis of Evolutionary Hydrogen-Powered Aircraft,’ published in January 2022, explores the potential of hydrogen-powered aircraft to dominate the small and medium-haul aircraft market by 2050. However, the long haul is projected to manifest the highest CAGR of 17.0% from 2031 to 2050, owing to factors such as rise in international air travel, increase in demand for zero-emission, coupled with continuous development which in turn increases the demand for long-haul segment.

The passenger aircraft segment to maintain its lead position by 2050.

By application, the passenger aircraft segment accounted for the largest share in 2030, accounting for more than four-fifths of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as there is significant growth in air travel and surge in need for cleaner & quieter aircraft, along with rise in innovations and development of new hydrogen aircraft technologies. However, the cargo aircraft segment is projected to manifest the highest CAGR of 17.3% from 2031 to 2050, owing to the rise in the strategies to revolutionize the air cargo delivery industry by offering low cost, low-carbon emissions solutions for cargo transportation.

The liquid hydrogen aircraft segment to maintain its lead position during the forecast period.

By power source, the liquid hydrogen aircraft segment accounted for the largest share in 2030, accounting for more than half of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as liquid hydrogen aircraft has the potential to drastically reduce the environmental emission along with the operating cost of commercial aircraft, and surge in initiatives taken by leading market players to develop liquid hydrogen aircraft. However, the hydrogen fuel cell aircraft segment is projected to manifest the highest CAGR of 18.4% from 2031 to 2050, owing to the increase in technological advancement in fuel cell-based propulsion system along with the surge in developments and introduction of hydrogen fuel-cell planes prototypes.

The 0 to 100 KW segment to maintain its lead position during the forecast period.

By power output, the 0 To 100 KW segment accounted for the largest share in 2030, accounting for more than three-fifths of the global hydrogen aircraft market revenue, and is estimated to maintain its leadership status throughout the forecast period as Hydrogen aircraft manufacturers constantly work toward the development of hydrogen aircraft with 0 to 100kW for short distance travel. However, the 1MW and above segment is projected to manifest the highest CAGR of 18.6% from 2031 to 2050, owing to the several factors, such as escalating environmental regulations, the burgeoning desire for eco-friendly air travel, and the continual advancements in hydrogen propulsion technology.

Europe to maintain its dominance by 2050.

By region, Europe held the highest market share in terms of revenue in 2030, accounting for more than half of the hydrogen aircraft market revenue, and is likely to dominate the market during the forecast period, as there is an increase in hydrogen aircraft investments and R&D in prominent countries such as Germany, France, Spain, and other countries. However, the Asia-Pacific region is expected to witness the fastest CAGR of 18.0% from 2031 to 2050, owing to research centers in the region aiming to develop hydrogen-powered aircraft as objective to transition towards sustainable aviation practices, and countries investing in the R&D, innovation, and development of hydrogen-fueled aircraft.

To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A08743

Leading Market Players: –

ThalesAeroVironment, Inc.GKN AerospacePipistrelUrban Aeronautics LtdAlaka’iAirbusAeroDelftHES Energy SystemsZeroAvia, Inc.

The report provides a detailed analysis of these key players of the hydrogen aircraft market. These players have adopted various strategies such acquisition, contract, product launch, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Siemon Appoints Trey Somers as Vice President of Product Management

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The Siemon Company, a global leader in network infrastructure solutions, announces the appointment of Trey Somers as Vice President of Product Management, effective Monday, July 15th, 2024.

WATERTOWN, Conn., July 20, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, announces the appointment of Trey Somers as Vice President of Product Management, effective Monday, July 15th, 2024. In this role, Somers will lead Siemon’s global product management team and drive the development of innovative solutions that meet the evolving needs of the market. With a distinguished career spanning over two decades in the industry, Somers brings a wealth of experience in enterprise product management, OEM product management, and consulting services. Most recently, he served as Managing Director at Align Communications where he successfully led a team delivering smart building solutions to major financial institutions across the globe. “We are thrilled to welcome Trey to the Siemon team,” said Henry Siemon, President and CEO. “His deep industry knowledge and proven track record in product management make him an invaluable asset to our organization. We are confident that under Trey’s leadership, Siemon will continue to deliver cutting-edge solutions that drive customer success.” In his new role, Somers will oversee both the OEM and Enterprise Product Management teams, combining them into a unified global product management organization. He will also collaborate closely with the marketing team to align product development with current market needs and developing industry trends. “I am excited to join the Siemon team and contribute to the company’s continued growth and success,” said Trey Somers, Vice President of Product Management. “Siemon has CONNECTING THE WORLD TO A HIGHER STANDARD www.siemon.com a strong reputation for innovation and customer focus. I look forward to working with the team to develop groundbreaking solutions that address the challenges and opportunities of today’s dynamic market.” Learn more about Siemon at www.siemon.com.

“We are thrilled to welcome Trey to the Siemon team,” said Henry Siemon, President and CEO. “His deep industry knowledge and proven track record in product management make him an invaluable asset to our organization.”

About Siemon – Established in 1903, Siemon is an industry leader specializing in the design and manufacture of high-quality, high-performance IT infrastructure solutions and services for Data Centers, LANs, and Intelligent Buildings. Headquartered in Connecticut, USA, with global sales, technical, and logistics expertise spanning 150 countries, Siemon offers the most comprehensive suites of copper and optical fiber cabling systems, racks, cable management, and Intelligent Infrastructure Management solutions. With more than 400 patents specific to structured cabling, Siemon Labs invests heavily in R&D and the development of Industry Standards, underlining the company’s long-standing commitment to its customers and the industry. Through an ongoing commitment to waste and energy reduction, Siemon’s environmental sustainability benchmarks are unparalleled in the industry.

Contact Information: Brian Baum, brian_baum@siemon.com

Media Contact

Brian Baum, Siemon, 1 860 945-4213, brian_baum@siemon.com

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SOURCE Siemon

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Online Generator Seller Announces Cummins 7-Day Inflation Fighter Discount For Homeowners

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Cordova, Tennessee based Buckeye Power Systems, LLC announced its partnership with Cummins Power Generation and a 7-day inflation fighting 5% discount on the popular Cummins 20kW RS20A air-cooled home standby generator. The discount applies for purchases between July 25th and August 1st, 2024.

CORDOVA, Tenn., July 20, 2024 /PRNewswire-PRWeb/ — Cordova, Tennessee based Buckeye Power Systems, LLC announced its participation with Cummins Power Generation and its 7-day 5% discount for homeowners on the popular RS20A 20kW HSB air-cooled home standby generator. The discount also applies to the RS20AC kit which includes a 200-Amp Automatic Transfer Switch. The discount applies for purchases between July 25th and August 1st, 2024.

“The 7-day special discount applies to Cummins 20kW air-cooled home standby generator which is also its most popular model.”

David Richey, president of Buckeye Power Systems, said today, “The 7-day special discount applies to Cummins 20kW air-cooled home standby generator which is also its most popular model. The 20kW generator provides whole house coverage for homes up to 2000 square feet. The same generator also provides managed whole house coverage for homes up to 3000 square feet.”

Richey said the Cummins 20kW includes a built-in load management feature which manages the operation of high-power consumers like air conditioners, kitchen ovens, and clothes dryers. “The load management feature prevents certain loads from operating when the generator is already operating at or near peak performance,” Richey continued. “So, the RS20A offers managed whole house coverage for homes up to 3000 square feet.”

When fueled by natural gas, homeowners enjoy an unlimited supply of fuel from their utility supplier, thus eliminating the need for fuel storage. The same generator can also be fueled by liquid-propane (LP). A 5-year manufacturer’s warranty is standard and extended warranty coverage up to 10 years is available as an option.

In the current inflationary economic environment, the price rollback should be warmly welcomed among homeowners looking for special deals on standby power. The Buckeye Power Systems website currently offers the Cummins RS20A for $5,069 with no sales tax in most states, less the $253.45 discount. The Cummins RS20AC kit includes a 200-Amp Automatic Transfer Switch and is offered for $5995 less a $299.75 discount during the 7-day special promotion.

Buckeye Power Systems is also offering a $500 VISA Gift Card for purchase of the two other Cummins air-cooled home standby generators including the 13kW Cummins RS13A and the 17kW Cummins RS17A.

Media Contact

Steve Baker, Buckeye Power Systems, LLC, 1 19013798097, steve@benchmarkelectric.us, https://buckeyepowersystems.com

David Richey, Buckeye Power Systems, LLC, 1 9013798097, david@buckeyepowersystems.com, https://buckeyepowersystems.com

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SOURCE Buckeye Power Systems, LLC

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UBX Cloud Creates A Rapid Solution To The Crowdstrike Outage Affecting Millions Worldwide.

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Download the newest version of the “CrowdFix” update on UBX Cloud’s website.

DETROIT, July 20, 2024 /PRNewswire-PRWeb/ — UBX Cloud, a dedicated cloud hosting provider with experience in IT solutions on a global scale, has developed a safe automated repair for the CrowdStrike outage that has affected millions worldwide. The new update has been named “CrowdFix” by UBX Engineers. The solution has been tested on thousands of servers that UBX Engineers manage internally with results that work highly efficiently.

“Our engineers have developed a countermeasure within 2.5 hours after the first reported incident. I appreciate the team working to create a solution that makes it simple, effective, and secure.” – Steven Panovski, President and Founder of UBX Cloud.

“Our engineers have developed a countermeasure within 2.5 hours after the first reported incident. I appreciate the team working to create a solution that makes it simple, effective, and secure,” stated Steven Panovski, President and Founder of UBX Cloud.

CrowdFix Solution Developed by UBX Cloud

To implement the CrowdFix solution, Engineers can simply boot the CrowdFix ISO on the impacted system and it’ll automatically detect all attached disks on the system, while deleting the CrowdStrike related files that are preventing impacted Windows systems. Administrative access or restoration from the backups isn’t required.

For step-by-step instructions on implementing the CrowdFix, please view the documentation in or video to implement. Complete Disclaimer will be listed on our company blog.

Instructions are to boot the ISO file and run the batch file.
Primary LINK 1: http://ubx.link/csfix
Alternate LINK: TBA

Filename: WinPE_UBXCloud_CSFix103.iso
MD5 Hashes: 623c3e11895dda4015bd02f0f8b49313e1fdf2806c961f71d41fbdc96cdc03b5
Size: 380 MB

UBX Cloud Inc.

UBX Cloud is a global IT and Engineering company founded in Michigan in 2008. After steady growth, they opened a new satellite office in India. The company has a team of Engineers working to develop and manage cloud solutions for businesses around the world. This ensures business continuity and secure cloud solutions that give customers peace of mind. To learn more about partnering with UBX Cloud on secure cloud solutions and managed services, please visit the website and contact the team.

With the growing dependence on technology and software solutions, it’s even more important for cloud service providers to develop solutions that support the overall architecture and framework of interconnectivity.

“We’re happy to develop a solution that supports business continuity and operations worldwide. Our team is dedicated to helping customers and the industry at large with cybersecurity and IT solutions that bring value. I especially want to thank our Engineer Mohammed Ali, for developing the solution rapidly,” Steven Panovski said passionately.

In addition to the CrowdFix solution, UBX Cloud previously supported other large enterprises with cybersecurity and cloud solutions. They’re quickly becoming a resource for Engineers across the globe that collaborate on developing technology solutions.

For more information, please visit UBX Cloud’s website at https://www.ubxcloud.com.

UBX Cloud LinkedIn

Media Contact

Carrie Stapleford, UBX Cloud, 1 (586) 808-5000, oop@ubxcloud.com, https://www.ubxcloud.com/

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SOURCE UBX Cloud

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