Ground Power Units (GPU) Sales Market Size, Share, Growth, and Industry Analysis by Type (Mobile GPU and Fixed GPU) By Application (Civil Airport, Business Airport, Military Airport, and Others) Regional Forecast To 2022 to 2028

Updated On: 20 November 2023

Ground Power Units (GPU) Sales Market REPORT OVERVIEW

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The global Ground Power Units (GPU) sales market size expanded rapidly in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the Ground Power Units (GPU) sales market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 5.1% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A device used to supply electricity to an airplane is known as a ground power unit, or GPU. A dedicated power supply, a rechargeable power supply, or a mix of both can all be referred to as a GPU. An airport-based central station or a dedicated generator are two potential power sources. Because they enable aircraft to be powered while on the ground, ground power units are crucial for tasks like passenger boarding and cargo loading. Without a ground power unit, an aircraft would need to be dragged by a truck or other vehicle into place in order to connect to the grid for electricity.

A Ground Power Unit can be stationary or movable. In order to perform all maintenance-related tasks for an aircraft, including engine start and stop, the Ground Power Units (GPU) sales supply a clean or ripple-free voltage. A 120V ac or 28V dc electric system or a ground power unit can be used to power an airplane. Ground Power Units (GPU) sales can be powered by batteries, such as lithium-ion or lead-acid batteries, or by diesel-driven power generators. Sometimes a grid-based power source can also be used by Ground Power Units (GPU) sales to supply power. Large commercially run airports typically have a direct grid-based power supply, nevertheless. Mobile Ground Power Units can be moved to an aircraft's location and are adaptable.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

Numerous industries have been significantly impacted by COVID-19. Global supply chains have been hampered by the epidemic, which has caused shortages of several products and resources. Due to individuals staying home more and spending less on unnecessary stuff, there has also been a decline in demand for several goods and services. Lockdowns and social segregation measures have forced numerous businesses to temporarily or permanently close. The epidemic has increased demand in some sectors, including healthcare, internet retail, and delivery services. The worldwide economy has been significantly and widely impacted by the COVID-19 pandemic. As a result, revenue produced for the Ground Power Units (GPU) sales market fell significantly in 2020. However, the continued use of air travel as a means of transportation will probably progressively advance the ground power units (GPU) sales market to its pre-COVID-19 state.

LATEST TRENDS

"Ongoing Airport Expansions to Boost Market Growth"

Expanded demand for electric ground support equipment, increased airport warehousing operations, and ongoing airport expansions to accommodate the growing global air passenger traffic are some of the factors anticipated to propel the ground power unit market growth. A stationary power source for powered vehicles or parked airplanes is known as a ground power unit or GPU. A GPU may refer to a particular power source, a battery power source, or both. An airport-based specialized generator or a central station could serve as a power source. Expanded demand for electric ground support equipment, increased airport warehousing operations, and ongoing airport expansions to accommodate the growing global air passenger traffic are some of the factors anticipated to propel the ground power units (GPU) sales market growth.

Ground Power Units (GPU) Sales Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Mobile GPU and Fixed GPU. The Mobile GPU segment leads the ground power units (GPU) sales market share.

• By Application Analysis

Based on application, the market is segmented as follows: Civil Airports, Business Airports, Military airports, and Others. The civil airports’ segment is anticipated to dominate the ground power units (GPU) sales market share.

DRIVING FACTORS

"Increased Demand for Mobile GPU to Facilitate Market Development"

Due to the greater ownership and maintenance costs of Ground Power Units, leasing is a popular choice among airports. Small and medium-sized airports with sporadic or low aviation traffic cannot afford to invest in the purchase of GPUs. However, they have the appealing choice of leasing. In addition to being economical, leasing gives end users the chance to easily adapt to any technological breakthrough without incurring capital losses. Second, renting mobile Ground Power Units is simpler than renting stationary ones. The ground power units (GPU) sales market is anticipated to increase quickly along with the rising trend of leasing.

"Rise in Commercial and Civil Airports to Promote Industry Progress"

The rising demand for ground power units (GPU) sales market from commercial and civil airports around the world is responsible for the market's expansion. Over the past ten years, the civil aviation industry has experienced significant growth. As a result of increased government initiatives, more people are flying and more cargo is being shipped. For instance, the government of India has introduced "UDAN," a regional connectivity program that provides aircraft carriers and visitors with a sizeable subsidy in order to put rural regions of the nation on the air map. Both the number of domestic air travelers and the quantity of domestic air cargo have expanded as a result of this. This called for the expansion of current airports or the construction of brand-new airports outfitted with ground support tools like ground power units (GPU) sales.

RESTRAINING FACTORS

"High Cost of Ownership to Hinder Market Growth"

One of the main worries for business owners of ground power units (GPU) sales is the high cost of ownership. The price of ground power units is significant, as is the expense of maintenance. Several thousand dollars can be spent on a ground power unit. Additionally, the end-users are forced to choose the leasing option over purchasing one due to the increasing demand for ongoing technological advancement to replace outdated equipment.

Ground Power Units (GPU) Sales Market REGIONAL INSIGHTS

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"Increase in Demand for Ground power units (GPU) sales to Propel Market Progress in North America"

Asia held the top spot in the worldwide Ground power units (GPU) sales market in 2021. Nearly 37.4% of the worldwide revenue was generated in this region. The Asia ground power units (GPU) sales market is primarily driven by factors such as strong economic growth, an increase in airports, significant developments in the aerospace industries of China and India, and massive capital investments by the governments of various economies. In the Asia region, diesel ground support equipment is still used in a variety of commercial applications.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• TLD GSE (France)
• ITW GSE (Denmark)
• Powervamp (U.K)
• JBT Corporation (U.S.)
• Acsoon (U.K)
• Textron GSE (U.S.)
• Tronair (U.S.)
• GUANGTAI (China)
• Guinault (France)
• Velocity Airport Solutions (Sweden)
• Red Box International (U.K)
• Power Systems International Limited (PSI) (U.K)
• GB Barberi (Italy)
• Jetall GPU (U.S.)
• Aeromax GSE (Canada)
• Current Power LLC (U.S.)
• MRCCS (U.K)
• Bertoli Power Units (Italy)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.