Frequently Asked Questions :
The global ground power unit (GPU) market was valued at USD 0.45 Billion in 2022.
The ground power unit (GPU) market is expected to grow at a CAGR of 9.50% between 2023 and 2030, reaching USD 0.85 Billion in 2030.
Mobile category is the leading segment by trader types, holding over 62% share in terms of value in 2022.
The civil airport segment governs the demand for ground power unit (GPU) in the world, holding a massive share of over 45% in 2022.
The military airport segment is expected to post the fastest-growing CAGR during the forecast period.
North America is fueling the growth of the ground power unit (GPU) industry, with over one-third share in 2022.
The top players include MAK Controls & Systems Pvt. Limited (India), AERO Specialties Inc. (the U.S.), BertoliSrl (Italy), Dynell GmbH (Austria), ITW GSE (Denmark), JBT (the U.S.), Powervamp Ltd. (the U.K.), Start PAC (the U.S.), Textron (the U.S.), TLD (France), Tronair (the U.S.), Velocity Airport Solutions (Sweden) and WeihaiGuangtai Airport Equipment Co. (China).
Increasing airport traffic and passenger numbers worldwide, the prevalence of electric vehicles, the installation of more charging stations at airports to accommodate them, and technological advancements like longer-lasting batteries are all contributing factors.
In the coming years, it’s expected that high GPU operating costs will limit industry growth. Due to the high expense of routine maintenance and repairs, the aviation industry suffers.
The market’s growth is expected to accelerate over the next ten years due to the rising demand for air travel from both business and leisure passenger.