Market Insights
Global market valuation of the Ground Power Unit market reached at around USD 629 million in 2019 and is anticipated grow at an attractive CAGR of over 9% over the forecast period to garner revenue of around USD 930 million in 2027.
A ground power unit is very critical aspect of aviation industry. Ground power unit is a major source of power to the aircrafts when they are landed. Without ground power units, an aircraft can not function its grounded activities. Ground power units can be mobile or fixed. Moreover, they can be AC or DC. Typically a ground power unit consists of a diesel motor. However, with the advancements in technologies, it can be battery unit based on LI batteries or power can be directly sources from grids.
With ever rising number of airports around the world and increasing fleets, the demand for ground power units is going up at rapid pace. For instance, 2019 witnessed highest ever number of air travelers in single year. The number of passengers travelled via aircrafts totaled around 4 billion in 2019. Moreover, the demand for air cargo is also growing at a rapid pace. Air cargo in great demand for the cross-border transportation of perishable goods. This in turn driving the demand for ground power units around the world.
Flexible and fixed are two major types of the ground power units. Flexible of mobile ground power units accounted for over 60% share of the total revenue generated in 2019. As the name itself suggest, mobile ground power units offer great level of flexibility across airport premises. This has resulted into growing demand for ground power units around the world. Fixed ground power units are on the other are increasingly being used in hangers and servicing areas. This report from Credence Research on Global Ground Power Units Market offers a detailed review of industry and caters strategically important insights to the readers.
Global Ground Power Unit Market Share by Type, 2019
Major application markets for the ground power units include, Civil Airports, Military Airports, Business Airports and Others. In 2019, civil airports segment generated highest revenue and accounted for over half of the market share in the same year. Strong economic growth in Asia Pacific has been resulted into strong growth of civil airports in the region. This in turn driving the demand for ground power units in the region. With increasing income and changing lifestyle, the number if air travelers have grown significantly in the region over the past two decades. Moreover, increasing investment in development and advancement of air force by major countries in the region has been resulted into increasing demand for ground power units from the military airports. On the account of increasing number of military airports around the world it accounted for the second highest application market of GPU in 2019.
Global Ground Power Unit Market Share by Application, 2019
Global Ground Power Unit Market Share by Region, 2019
North America was the leading regional market in Ground Power Unit in 2019 with over 45% share in 2019. Highest share of North America in Ground Power Unit market can be attributed to large number of airports, military airports and highest number of air travelers in the region. North America has been leading the Ground Power Unit market for last few decades. However, Asia Pacific is likely toa advance at a rapid pace over the next few years. Increasing number of air travelers from China, India and Southeast Asia resulted into growing number of airports. Moreover, emerging economies are encouraging development of aviation industry to increase the number of air travelers, which in turn expected to drive the growth of Ground Power Unit market. The global Ground Power Units market is highly moderately concentrated and characterized by the presence of large number of companies around the world.
Global Ground Power Unit Market, Company Share 2019
Historical & Forecast Period
2015 to 2019 – Historical Years
2020 – Current year
2021 - 2027 – Forecast Period
This study report represents analysis for each segment from 2015 to 2027 considering 2019 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2020 to 2027.
Market Segmentation
Global Ground Power Unit Market by Application, 2015 – 2027 (USD Million)
Global Ground Power Unit Market by Application, 2015 – 2027 (USD Million)
Global Ground Power Unit Market by Region, 2015 - 2027
Global Ground Power Unit Market: Key Players
Key questions answered in this report
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Ground Power Unit Market
2.2. Global Ground Power Unit Market, by Product, 2019 (US$ Bn)
2.3. Global Ground Power Unit Market, by Application, 2019 (US$ Bn)
2.4. Global Ground Power Unit Market, by Technology, 2019 (US$ Bn)
2.5. Global Ground Power Unit Market, by End-user, 2019 (US$ Bn)
2.6. Global Ground Power Unit Market, by Geography, 2019 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global Ground Power Unit Market Value, 2015-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2019
3.4. Market Positioning of Key Players, 2019
3.4.1. Major Strategies Adopted by Key Players
4. Global Ground Power Unit Market, by Product, 2015-2027 (US$ Bn)
4.1. Overview
4.2. Fixed
4.3. Mobile
4.4.
5. Global Ground Power Unit Market, by End-user, 2015-2027 (US$ Bn)
5.1. Overview
5.2. Civil Airports
5.3. Military Airports
5.4. Business Airports
5.5. Others
6. North America Ground Power Unit Market Analysis, 2015-2027 (US$ Bn)
6.1. Overview
6.1.1. North America Ground Power Unit Market Value and Growth, 2015-2027, (US$ Bn)
6.2. North America Ground Power Unit Market Value, By Product, 2015-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America Ground Power Unit Market Value, By End-user, 2015-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America Ground Power Unit Market Value, By Region/Country, 2015-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America
7. Europe Ground Power Unit Market Analysis, 2015-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe Ground Power Unit Market Value and Growth, 2015-2027, (US$ Bn)
7.2. Europe Ground Power Unit Market Value, By Product, 2015-2027 (US$ Bn
7.2.1. Market Analysis
7.3. Europe Ground Power Unit Market Value, By End-user, 2015-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe Ground Power Unit Market Value, By Region/Country, 2015-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe
8. Asia Pacific Ground Power Unit Market Analysis, 2015-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific Ground Power Unit Market Value and Growth, 2015-2027, (US$ Bn)
8.2. Asia Pacific Ground Power Unit Market Value, By Product, 2015-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific Ground Power Unit Market Value, By End-user, 2015-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific Ground Power Unit Market Value, By Region/Country, 2015-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific
9. Rest of the World Ground Power Unit Market Analysis, 2015-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World Ground Power Unit Market Value and Growth, 2015-2027, (US$ Bn)
9.2. Rest of the World Ground Power Unit Market Value, By Product, 2015-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of World Ground Power Unit Market Value, By End-user, 2015-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World Ground Power Unit Market Value, By Region, 2015-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America
10. Company Profiles
10.1. John Bean Technologies Ltd
10.2. TLD GSE
10.3. ITW GSE.
10.4. Powervamp Ltd
10.5. Acsoon
10.6. Textron GSE
10.7. Tronair
10.8. Guinault
10.9. Velocity Airport Solutions
10.10. MAK Controls and Systems Private Limited
10.11. Others
FIG. 1 Global Beauty Devices (Ground Power Unit) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Ground Power Unit Market Segmentation
FIG. 4 Global Ground Power Unit Market, by Product, 2019 (US$ Bn)
FIG. 5 Global Ground Power Unit Market, by End-user, 2019 (US$ Bn)
FIG. 6 Global Ground Power Unit Market, by Geography, 2019 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2019
FIG. 8 Global Market Positioning of Key Ground Power Unit Market Manufacturers, 2019
FIG. 9 Global Ground Power Unit Market Value Contribution, By Product, 2019 & 2027 (Value %)
FIG. 10 Global Ground Power Unit Market, by Fixed, Value, 2015-2027 (US$ Bn)
FIG. 11 Global Ground Power Unit Market, by Mobile, Value, 2015-2027 (US$ Bn)
FIG. 12 Global Ground Power Unit Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 13 Global Ground Power Unit Market Value Contribution, By End-user, 2019 & 2027 (Value %)
FIG. 14 Global Ground Power Unit Market, by Civil Airports, Value, 2015-2027 (US$ Bn)
FIG. 15 Global Ground Power Unit Market, by Military Airports, Value, 2015-2027 (US$ Bn)
FIG. 16 Global Ground Power Unit Market, by Business Airports, Value, 2015-2027 (US$ Bn)
FIG. 17 Global Ground Power Unit Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 18 U.S. Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 19 Rest of North America Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 20 U.K. Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 21 Germany Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 22 France Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 23 Rest of Europe Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 24 Japan Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 25 China Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 26 India Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 27 Rest of Asia Pacific Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 28 Middle East & Africa Ground Power Unit Market, 2015-2027 (US$ Bn)
FIG. 29 Latin America Ground Power Unit Market, 2015-2027 (US$ Bn)
TABLE 1 Market Snapshot: Global Beauty Devices (Ground Power Unit) Market
TABLE 2 Global Ground Power Unit Market, by Product, 2015-2027 (US$ Bn)
TABLE 3 Global Ground Power Unit Market, by Application, 2015-2027 (US$ Bn)
TABLE 4 Global Ground Power Unit Market, by Technology, 2015-2027 (US$ Bn)
TABLE 5 Global Ground Power Unit Market, by End-user, 2015-2027 (US$ Bn)
TABLE 6 Global Ground Power Unit Market, by Geography, 2015-2027 (US$ Bn)
TABLE 7 North America Ground Power Unit Market, by Product, 2015-2027 (US$ Bn)
TABLE 8 North America Ground Power Unit Market, by End-user, 2015-2027 (US$ Bn)
TABLE 9 North America Ground Power Unit Market, by Country, 2015-2027 (US$ Bn)
TABLE 10 Europe Ground Power Unit Market, by Product, 2015-2027 (US$ Bn)
TABLE 11 Europe Ground Power Unit Market, by End-user, 2015-2027 (US$ Bn)
TABLE 12 Europe Ground Power Unit Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 13 Asia Pacific Ground Power Unit Market, by Product, 2015-2027 (US$ Bn)
TABLE 14 Asia Pacific Ground Power Unit Market, by End-user, 2015-2027 (US$ Bn)
TABLE 15 Asia Pacific Ground Power Unit Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 16 RoW Ground Power Unit Market, by Product, 2015-2027 (US$ Bn)
TABLE 17 RoW Ground Power Unit Market, by End-user, 2015-2027 (US$ Bn)
TABLE 18 RoW Ground Power Unit Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 19 John Bean Technologies Ltd: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 TLD GSE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 ITW GSE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Powervamp Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Acsoon: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Textron GSE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 25 Tronair: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 26 Guinault: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 27 Velocity Airport Solutions: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 28 MAK Controls and Systems Private Limited: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 29 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments