According to a recent market study published by Growth Market Reports, titled, “Global Ground Power Unit (GPU) Market by type, by power source, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 330.1 Million in 2021 and is anticipated to grow at a growth rate 9.6 % by the year 2030.

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A ground power unit (GPU) is a device that provides electrical power to an aircraft while it is parked on the ground. This allows aircraft systems, such as air conditioning and lighting, to be powered without the engines running. GPUs are typically used at airports with aircraft parked at the gate or on the ramp; however, they are also used at other facilities such as military bases and private aircraft hangars. The different kind of GPUs includes diesel-powered GPUs and electric GPUs. When an aircraft is parked, a significant amount of electricity is needed for checking and conducting various operations.

These operations include all control systems, flight instruments, navigational aid, communication equipment & devices, electrical motor-driven mechanisms, cockpit & cabin lighting system, appliances in the onboard kitchen such as ovens & refrigerators, passenger address (PA) or announcement system, entertainment systems such as display screens, and mobile or laptop chargers. The engines of aircraft are not kept running, due to safety issues and fuel economy. Thus, each aircraft GPU delivers specified power through the use of a standard electrical system, battery pack, and gasoline, diesel, or small turbine engine to carry out the operations.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets, thereby creating manufacturing issues. The COVID-19 outbreak affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially in, the US, and across Eastern Europe, European Union, and Eastern & Central Asia.

Key Takeaways from the Study

  • Key players operating in the market JBT, ITW GSE, Red Box Aviation, AeromaxGSE, Air+Mak, BEAK, GB BARBERI Srl, Habenchtraiet, Ross, Tyler Inc, Powervamp Ltd, and START PAC. These companies are considered as key manufacturers of Ground Power Units (GPU)s based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.
  • Based on type, the global ground power unit (GPU) market is segmented into mobile and fixed. In further split, the fixed segment segregated into bridge-mounted, pit system, and apron mounted.
  • The mobile segment is projected to expand at a CAGR of XX% during the forecast period, owing to the increasing demand for portable units that are easily transported and used at different locations. A growing number of flights and aircraft at airports and remote locations boost the segment’s growth.
  • On the basis of power source, the global ground power unit (GPU) market is segregated into gasoline, electric, and hybrid. The gasoline segment is projected to expand at an XX% CAGR during the forecast period, as gasoline-powered GPUs are generally less expensive to purchase and operate than diesel-powered units, which makes them an attractive option for budget-conscious airlines and airports. The electric segment held a value of USD XX million in 2021, due to the increasing number of electric and hybrid-electric aircraft.
  • In terms of application, the global ground power unit (GPU) market is divided into civil aircraft, business aircraft, and military aircraft. The civil aircraft segment holds a significant share of the ground power unit (GPU) market, with an estimated XX% share. This is primarily attributed to the increasing number of commercial flights and the growing demand from customers. The business aircraft segment is expected to experience significant growth during the forecast period, at a CAGR of XX% during the forecast period. Increasing disposable income of the business owners, rising globalization, and the need for businesses to expand their operations to different locations boost the demand for business aircraft has grown significantly.
  • Based on regions, the Global Ground Power Unit (GPU) Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific accounted for the largest market of XX% in 2021, it is also expected to grow at the highest CAGR of XX% in the forecasted period 2022-2030. The increase in demand for ground power units is because of the increase in demand for Air travel among the growing economies like China, India, and other nation. North America accounts for XX% of the market share in the year 2021. The rise is mainly due to robust infrastructure in the region like US and Canada. Also, Air travel is quite prevalent among common consumers. Latin America is also growing at a significant CAGR of XX% due to the increasing middle class and rising disposable income among consumers.

Report Scope

Report Metric

Details

Market Value in 2021

US$ 330.1 Million

Market Growth Rate (from 2015 to 2030)

9.6%

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Power Source, By Application

Key Companies Profiled

JBT, ITW GSE, Red Box Aviation, AeromaxGSE, Air+Mak, BEAK, GB BARBERI Srl, Habenchtraiet, Ross, Tyler Inc, Powervamp Ltd, and START PAC.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier
  • Demand Side: Civil Aircraft, Business Aircraft, Military Aircraft