Ground Power Unit Market 2019-2027: Credence Research – Industry Size, Trends & Forecast

The overall ground power unit market worldwide was valued at US$ 7.63 Bn in 2018 and is set to grow with a CAGR of 4.7% during the forecast period.

The global market for ground power units worldwide was valued at US$ 7.63 billion in 2018 and is expected to grow over the forecast period with a CAGR of 4.7 percent. (According to a research study recently published by Credence Research".)

Ground power unit is a fixed power supply for ground parked aircraft or a power-capable vehicle. A GPU may refer to a specific power supply, battery power, or both. Power sources might be a dedicated generator or central station located at the airport. The ground power unit is the term used for equipment that is powering or starting aircraft while on the ground. A GPU can refer to a particular power supply, battery power supply, or both. There is also an aircraft known as a kind of ground power unit. The ground power unit is one of the most important ground support equipment used on the ground for the maintenance of GSE aircraft to save flight energy.

By type the mobile and fixed segment of the global GPU industry. In 2018, the mobile segment comprised more than 75% of the market. This is primarily due to increased demand from military airports and dedicated government agencies at airports. In addition, increasing demand for movable units to achieve productivity and cost efficiency are some other factors driving this segment's market. Because of the huge fleet size of commercial aircraft, the Civil Airports segment led the market with the largest share. Another key aspect driving demand for commercial aircraft, which in turn drives the global market, is increased air traffic due to increased consumer spending and rising disposable incomes.

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One of the key drivers of the global ground power unit market is rising demand for international air travel. The rapid expansion of the international tourism industry has resulted in an increase in passenger numbers worldwide. Growth in spending power and increased disposable income, especially in developing countries such as China and India, has led to an increase in the number of foreign tourists from these countries. Such tourists select primarily Europe and South-East Asia as their favourite tourist destinations.

These passengers prefer air travel to other means of travel, including marine, mainly due to reduced travel time and improved air travel comfort compared to other forms of travel. This has enhanced international air traffic, driving demand for more aircraft and support units. This, in turn, is expected to drive demand across the globe for ground power units.
Increasing the activity of cargo is also a major market driver. Courier and cargo companies are making significant investments in air transport to increase reach and delivery speed to attract more customers. To support their aircraft fleet, they need to hire or invest in ground support equipment. This is also likely to drive the worldwide demand for ground power units.

Developing countries' domestic aviation growth is another prominent industry driver The domestic aviation sector has been expanding at a healthy pace in countries such as India and China, with people opting for air travel by rail and other means of transportation, primarily because of time constraints. In addition, flight affordability and per capita income increase are key factors in expanding the domestic aviation sector. This has resulted in shorter turnaround times for domestic flights with increased frequency of travel, increasing demand for a higher number of ground support equipment, such as ground power units, to cater for the increase in a number of aircraft at a given time.

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How this report is useful?
The study "Ground Power Unit" will facilitate strategic decision-making with credible and genuine business information. It also maps important rivals and their strategies and positioning on the "Ground Power Unit" industry. The research also covers innovative and upcoming technological developments that are basically aimed at giving you an advantage over rivals. Various industry models industry dynamics and information contained in the study provide clarity across the value chain on different industries. The study also offers decisive approaches with a goal to support market entry and exit decision-making. The research also shows the market's revenue pockets and investment possibilities.
Who should buy this report?
• Stakeholders across the “Ground Power Unit” market value chain.
• Business development managers
• CEO’s
• COO’s
• Marketing managers
• Technologists
• Suppliers
• Investors
• Banks
• Government agencies

Scope of the Report
• Global “Ground Power Unit” market forecasts from 2019-2027
• 2019-2027 regional "Ground Power Unit" industry forecasts covering Asia-Pacific, North America, Europe, Middle East and Africa and Latin America;
• Country-level forecasts for 2019-2027 covering leading countries from the above-mentioned regions
• “Ground Power Unit” submarket forecasts from 2019-2027 covering submarket 1, submarket 2 submarket 3
• Various sector models such as SWOT assessment, Pestle Analysis, Porter's Five Force model, Value Chain Analysis of the "Ground Power Unit" market.
• Analysis of the key factors driving and restraining the growth of the global, regional and country level “Ground Power Unit” markets from 2019-2027
• Competitive Landscape and market positioning of top 10 players operating in the “Ground Power Unit” market
• Profiles and market share of the leading 10 companies in 2019 at a global level

Key questions answered in this report
• Who are the distributors, traders and dealers of “Ground Power Unit” market?
• What are the expected largest segments in the “Ground Power Unit” market during the forecast period from 2019 to 2027?
• What are the fastest-growing segments in the “Ground Power Unit” market for the forecast period?
• What are the current market trends in the “Ground Power Unit” market and valuable opportunities for the players?
• How the regulatory framework affects the global as well as the regional “Ground Power Unit” markets?
• Which are the key players operating in the global “Ground Power Unit” market and what are the strategies adopted by them?
• What are sales, revenue, and business strategy and product portfolio of top manufacturers of “Ground Power Unit” market?
• What is the market size and trend in emerging and developed markets?

You can get the sample copy of this research by Credence Research here:

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About Credence Research (Original Publisher)
Credence Research is a worldwide market research and counselling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

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