The global Ground Power Units (GPU) market was valued at US$ 540.5 million in 2019 and it is expected to reach US$ 768.6 million by the end of 2026, growing at a CAGR of 5.1% during 2021-2026.
Ground Power Unit (GPU) is a fixed power supply or a vehicle capable of power to aircraft parked on the ground. A GPU can refer to a dedicated electric power supply, battery power supply or a combination of both. Power sources could be a dedicated generator or a central station located at the airport.
Geographically, the consumption market is leading by North America and Europe, sales in Asia Pacific regions like China and Japan will see significant growth in future period. North America holds the largest market share, with about 8699 Units sold in 2018, followed by Europe, with about 6881 Units sold and 32.24% market share. TLD GSE is the leading manufacturer of GPU with about 19.85% of GPU sales In 2018. Other market leaders include ITW GSE, Powervamp, JBT Corporation, Acsoon, Textron GSE, Tronair, GUANGTAI, Guinault, Velocity Airport Solutions, Red Box International, Power Systems International Limited (PSI), GB Barberi and so on. A number of other companies offer GPU, but these smaller companies often focus on assembly rather than component innovation, and they outsource the manufacturing of parts. The smaller GPU companies have limited market share and move frequently into and out of the GPU market.Based on application, the Ground Power Units (GPU) market is segmented into Civil Airport, Business Airport, Military Airport and others. The civil airport segment is projected to lead the market during the forecast period.
Global Ground Power Units (GPU) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Ground Power Units (GPU) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Tld Gse, Itw Gse, Powervamp, Jbt Corporation, Acsoon, Textron Gse, Tronair, Guangtai, Guinault, Velocity Airport Solutions, Red Box International, Power Systems International Limited (Psi), Gb Barberi, Jetall Gpu, Aeromax Gse, Current Power Llc, Mrccs, Bertoli Power Units and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Mobile GPU
- Fixed GPU
In 2018, Mobile GPU accounted for a major share of 73.35% in the global Ground Power Units (GPU) market. And this product segment is poised to reach 542.0 Million US$ by 2025 from 375.4 Million US$ in 2018.
Segment by Application
- Civil Airport
- Business Airport
- Military Airport
In Ground Power Units (GPU) market, the Civil Airport holds an important share in terms of application, and it is expected to reach a volume of 19019 (Units) by 2025, at a CAGR of 6.35% during 2019 and 2025.
Table of Content:
1 Ground Power Units (GPU) Market Overview
2 Ground Power Units (GPU) Market Competition by Manufacturers
3 Ground Power Units (GPU) Retrospective Market Scenario by Region
4 Global Ground Power Units (GPU) Historic Market Analysis by Type
5 Global Ground Power Units (GPU) Historic Market Analysis by Application
6 Key Companies Profiled
7 Ground Power Units (GPU) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Ground Power Units (GPU) Market Dynamics
10 Global Ground Power Units (GPU) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.