Expansion and Developments of the Airport Have Bolstered the Global Ground Power Unit Market

Mon, 30 November 2020 9:43

The Global Ground Power Unit Market is witnessing a surge due to the rapid rise in the expansion and development of the airports. Additionally, the proliferation of global air passengers and cargo transportation has surged the utilization of different types of ground power units. Besides, the increasing warehouse operations at the airport have propelled the growth of the market. However, the inadequate charging infrastructure for electric ground power units has restrained the growth of the market.

  • The global Ground Power Unit market is expected to grow from USD 625.2 million in the year 2019 to USD 952.6 million in 2027 at a compound annual growth rate (CAGR) of 3.4% in the forecast period.
  • The repercussions of COVID-19 such as lockdown and social distancing have led to a downfall in the utilization of domestic and international travel eventually restraining the growth of the ground power unit market.
  • North America dominates the market whereas the European region has shown the fastest growth in the market.
  • The mobile segment caters to the highest markets share among the different type of the Market
  • The civil airport's segment caters to the highest markets share among the different application in the Market

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Key Players:

  • MAK Controls & Systems Pvt. Limited
  • AERO Specialties Inc.
  • BertoliSrl
  • Dynell GmbH
  • ITW GSE
  • JBT
  • Powervamp Ltd.
  • Start PAC
  • Textron
  • TLD
  • Tronair
  • Velocity Airport Solutions
  • WeihaiGuangtai Airport Equipment Co.

By Type

  • Fixed
  • Mobile

By Application

  • Civil Airport
  • Military Airport
  • Business Airport

By Power Source

  • Diesel
  • Electric

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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