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 2019 to 2027, starting from US$ 7.63 Bn in 2018. Ground Power Unit also abbreviated as GPU is a immovable power supply for aircraft parked on the ground or a powered vehicle. A GPU may refer to a specific power supply, battery power supply, or a combination of both. Power sources might be an airport-based dedicated generator or central station. 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 2018, 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 2018, 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 the 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.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
The ground power unit (GPU) market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global ground power unit (GPU) market based on type, application and geography. Key segments covered in the report are as follows:
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2017-2027 |
Base Year | 2018 |
Forecast Period | 2019-2027 |
Historical Year | 2017 |
Unit | USD Billion |
Segmentation |
Type Segment (2017–2027; US$ Bn) |
Application Segment (2017–2027; US$ Bn) |
|
Geography Segment (2017–2027; US$ Bn) |
Table 01: Market Snapshot: Global Ground Power Units (GPU) Market
Table 02: Impact Indicators
Table 03: Impact Analysis of Drivers and Restraints
Table 04: North America GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 05: North America GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 06: North America GPU Market, By Country, 2017-2027 (USD$ Bn)
Table 07: U.S. GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 08: U.S. GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 09: Rest of North America GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 10: Rest of North America GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 11: Europe GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 12: Europe GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 13: Europe GPU Market, By Country, 2017-2027 (USD$ Bn)
Table 14: Germany GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 15: Germany GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 16: UK GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 17: UK GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 18: France GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 19: France GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 20: Italy GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 21: Italy GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 22: Rest of Europe GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 23: Rest of Europe GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 24: Asia-Pacific GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 25: Asia-Pacific GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 26: Asia-Pacific GPU Market, By Country, 2017-2027 (USD$ Bn)
Table 27: China GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 28: China GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 29: India GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 30: India GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 31: Japan GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 32: Japan GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 33: Rest of Asia-Pacific GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 34: Rest of Asia-Pacific GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 35: RoW GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 36: RoW GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 37: RoW GPU Market, By Country, 2017-2027 (USD$ Bn)
Table 38: MEA GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 39: MEA GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 40: Latin America GPU Market, By Type, 2017-2027 (USD$ Bn)
Table 41: Latin America GPU Market, By Application, 2017-2027 (USD$ Bn)
Table 42: TLD GSE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 43: ITW GSE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 44: Powervamp: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 45: JBT Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 46: Textron: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 47: Tronair: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 48: GUANGTAI: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 49: Guinalt: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 50: Acsoon: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
Table 51: Velocity Airport Solutions: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)