Ground Power Unit (GPU) market to cross US$893 million by 2031
According to a recent market study published by Growth Market Reports, titled, “Ground Power Unit (GPU) Market By type (mobile and stationary). [Bridge Mounted, Pit System, and Apron Mounted]), Power Source (Gasoline, Electric and Hybrid), Applications (Civil Aircraft, Business Aircraft and Military Aircraft), and Regions: Size, Share, Trends and Opportunities Analysis, 2023-2031“, the market size was US$392.7 million In 2022 and hope to reach US$893.9 million expansion on a CAGR of 9.11% by the end of 2031, The market growth is attributed to the increasing expansion of airports due to increasing air travel as well as high demand for electric ground support equipment.
The report details key market players
- J.B.T
- ITW GSE
- Red Box Aviation
- aeromaxgse
- gb barberry
- air+muck, beak
- Hebenchtraet, Ross,
- Tyler Inc
- Powervamp Ltd
- start pac
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The report includes comprehensive data on emerging trends, market drivers, growth opportunities, and constraints that may change the market dynamics of the industry. It provides an in-depth analysis of market segments including types, power sources, applications, and competitive analysis.
The report also includes a thorough analysis of the industry players and their latest developments, product portfolio, pricing, mergers, acquisitions and collaborations. Furthermore, it provides key strategies that are helping the market players to increase their market share.
Highlights on Ground Power Unit (GPU) market segments
by region, The global Ground Power Unit (GPU) market is classified as North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Asia Pacific It is projected to dominate the market during the forecast period. The number of air passengers is increasing in the major economies of the region including China and India which is a major factor driving the growth of the GPU market in the region.
Additionally, various governments in the region are focusing on expanding airport infrastructure to strengthen air travel infrastructure and services. This is expected to support continued market growth in the Asia Pacific region in the coming years.
North America The global GPU market is expected to be the fastest growing segment. The airport infrastructure in the area is highly developed. Due to increasing air traffic there is a focus on improving efficiency at airports, increasing the demand for ground power units at various airports in the region.
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Key findings from the study:
- Ground power unit is aircraft ground support equipment used to provide power to the aircraft while on the ground. Most aircraft are powered from fixed or portable ground power units as an electrical system.
- GPUs are typically used at airports with aircraft parked at gates or ramps. They enable the aircraft to meet its power requirements, including air conditioning, lighting, control systems, communications equipment and instruments and other purposes.
- Aircraft power needs differ from home power supplies. Airliners require power of 115 volts and 400 Hz electrical frequency, whereas, smaller-scale aircraft such as business or private jets require a 28-volt DC power supply.
- The aircraft operates using the GPU when the engine is off. These devices are also used on military bases and facilities such as private aircraft hangars.
- Increasing travel by air is a major driver of the ground power unit market. Global aviation industry players are expanding their operations, airport infrastructure and the number of flights taken in a day to accommodate the increasing number of air passengers.
- The increasing focus on efficient maintenance of aircraft is another driving factor of the GPU market. Airliners are required to follow strict schedules and protocols to provide comfort and safety to air passengers. Modern GPUs are flexible, mobile and adaptable allowing power needs to be met hassle-free.
- The growing tourism sector across the globe is expected to create growth opportunities for the GPU market. Tourist destinations around the world are being upgraded with airports, aircraft and modern power equipment.
- on the basis of Application By segment, the Ground Power Unit (GPU) market is classified into Civil aircraft, commercial aircraft and military aircraft. The civil aircraft segment is projected to hold the largest share of the market during the assessment period due to the increasing number of commercial flight operations.
Read 185 pages of research report with detailed TOCGround Power Unit (GPU) Market By type (mobile and stationary). [Bridge Mounted, Pit System, and Apron Mounted]), power source (gasoline, electric, and hybrid), application (civil aircraft, business aircraft, and military aircraft), and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – global industry analysis, growth, Share, Size, Trends and Forecast, 2023 – 2031”
Major sections covered
Type
- mobile
- fixed
- bridge mounted
- crater system
- on apron
Power Source
Application
- civil aircraft
- commercial aircraft
- military aircraft
Area
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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