Views: 4 Author: Site Editor Publish Time: 2023-02-16 Origin: Site
Rising demand for electric ground support to supplement the GPU market
The Ground power unit (GPU) market worldwide is expected to grow with a CAGR of 4.7% during the forecast period from 2022 to 2030, starting from US$ 7.98 Bn in 2020.
Some of the factors expected to fuel the growth of the ground power unit market are increased demand for electric ground support equipment, increased airport warehouse operations, and ongoing airport expansions to cater for the rising global air passenger traffic.
Mobile GPU to dominate the market throughout the forecast period
In 2021, the mobile GPU segment dominated the global ground power units market majorly due to increasing demand for easy-to-use and movable GPUs. To provide either 28V DC or 120V AC power, mobile units can be linked to an aircraft’s electrical system while on the ground. Mobile ground power units usually consist of a diesel-powered generator but can be found in other configurations. Mobile GPU plays an important role in the operation of airports as it enables airlines to achieve on-time performance. Increasing aircraft movements and increasing the number of airport expansion projects are expected to drive market segment growth over the forecast period.
Asia Pacific to Register the Fastest Growth
In 2021, the global Ground power unit (GPU) market was led by Asia-Pacific. This region accounted for nearly 37.4% of the total revenue generated worldwide. High economic growth, rising number of airports, major developments in the Chinese and Indian aerospace industry, huge capital investments by the governments of several economies are some major factors driving the Asia-Pacific ground power unit market.
In commercial applications across the North American region and in some parts of the European region, the adoption of electric ground support equipment has increased. However, diesel ground support equipment is still being used in the Asia Pacific region in various commercial applications. Due to a constant increase in airport expansion projects to cater the increasing number of cargo movements and air passengers, the Middle East ground support equipment market region is projected to grow at the highest CAGR during the forecast period.
Some of the prominent players operating in the ground power unit (GPU) market include TLD GSE, ITW GSE, Powervamp, JBT Corporation, Acsoon, Textron GSE, Tronair, GUANGTAI, Guinault and Velocity Airport Solutions among others.
Market Segmentation
Type
Fixed
Mobile
Application
Civil Airports
Military Airports
Business Airports
Others
