Increasing global trade coupled with cargo traffic to propel further growth in the Global Airport Preconditioned Air Units Market

The global Airport Preconditioned Air Units market size is expected to reach 486.90 USD million by 2028 at a CAGR of 8.01% from 2021 to 2028

Covid-19 Impact & Market Status

The recent COVID-19 outbreak started in Wuhan (China) in December 2019 and has rapidly spread around the world since then. As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the United States were among the countries with the highest number of positive cases and reported deaths. Due to lockdowns, travel bans, and company closures, the COVID-19 epidemic has impacted economies and businesses in a number of countries. As a result of the outbreak, the global food and beverage industry is one of the major businesses experiencing substantial disruptions such as supply chain disruptions, technology event cancellations, and office closures. With the presence of and the largest raw material suppliers, China is the global industrial powerhouse. The overall market breakdown due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

The COVID-19 pandemic had spread at an exponential rate, infecting millions of people and halting economic activity as countries imposed harsh travel restrictions to prevent the virus from spreading further. The economic impact is already visible, and it constitutes the major global economic shock in decades, while the health and human toll rise. The Global Economic Outlook for June 2020 examines the pandemic's present and near-term consequences, as well as the long-term damage it has caused to development potential. Using market exchange rate weights, the baseline projection predicts the worst global recession in several years, notwithstanding extraordinary government efforts to offset the decline with monetary and fiscal policy support. The severe financial problems triggered by the pandemic are projected to have long-term consequences, including lower investment, human capital loss due to lost jobs and education, and worsening of global trade and supply links.

COVID-19 has had a considerable impact on the global airport preconditioned air unit’s business. COVID-19 epidemic has had a substantial effect on the aviation sector owing to travel restrictions and a decrease in demand from passengers. Flights have been cancelled or flown with very few passengers due to a significant decrease in the number of passengers. Because of this, the demand for airport preconditioned air units is expected to decline in the near future.

This research report offers a detailed market outlook of the global Airport Preconditioned Air Units market depending upon the current economic situation and developments in the application, type, and regional segments.

It does a deep analysis of the impact of covid-19 on the market and recovery strategies applied by market players to restore the growth trends and maintain market competitiveness. The in-depth insights documented in the report enable well-informed investment decisions by for the new payers, aspirants, and also the well-established ones in the global Airport Preconditioned Air Units market.  

Fixed Type Airport Preconditioned Air Units Type to Emerge as the Most Lucrative Segment

Global Airport Preconditioned Air Units market is classified into mobile type and fixed type segments. Among these, the fixed type Airport Preconditioned Air Units is poised for substantial market growth in the years ahead Contact stands, also known as aircraft stands, are found at every major airport and serve as a direct link between the ramp and the planes parked there. All large airports have a set number of remote stands that do not have a jet bridge facility and direct connection to the airport building, although remote stands are required to include redundancy at the airport for accommodating planes during peak hours. For airlines that aren't comfortable using jet bridges, remote stands might be an option. Due to the constant influx of flights allocated to a certain aircraft stand, electric PCA units installed on the ground or on a bridge are the PCA units of choice for contact aircraft stands. PCA units that are fixed to the ground may be maintained without disrupting the flight schedule. In most cases, they are placed in a corner of the aircraft stand so that technicians and maintenance people may disassemble and service the aircraft while a mobile PCA unit is in use.

Civil Airports Applications to Ensure Revenue Maximization

Global Airport Preconditioned Air Units market is classified as civil airports, military/federal government airports, private airports type applications. Among these, the civil airports Airport Preconditioned Air Units application segment is poised for substantial market growth in the years ahead. In the wake of the coronavirus epidemic, which resulted in the suspension of domestic and international aircraft services, the civil aviation industry is slowly regaining its footing. Private investors are estimated to contribute approximately $8.95 million of the USD 11.84 million invested in India over the next five years. It is anticipated that there will be more than two hundred operating airports, including heliports, by the end of the next five years. There are now 136 functioning airports in the nation, with several more in the pipeline. Airports in civil aviation are expected to see an increase in demand for PCA as a result.

Backed by Immense Development Potential Asia Pacific Airport Preconditioned Air Units Market to Sail Ahead

Performance analysis of global Airport Preconditioned Air Units market based on regional segmentation states that Asia Pacific is the most mature market for Airport Preconditioned Air Units adoption and investments. The region is likely to garner maximum revenue share of global Airport Preconditioned Air Units market in the years ahead, mostly from 2021 to 2028.

This is evident from rapid investments in new digital technologies, shift in user preferences, applications in various industry verticals such as gaming, content creation, social media, and conference across leading countries in the region such as China, India, Japan, Southeast Asia and Rest of Asia Pacific region.  

Additionally, technological advancements due to various research and developments initiatives, the presence of tech giants, commercial mergers and partnerships, expansions of the leading companies in regional and global market are improving the growth feasibility of global Airport Preconditioned Air Units market in Asia Pacific.

The airport Preconditioned Air Units industry in Asia Pacific is established, it is likely to hold the majority of market share during the projection period. The presence of rising economies, particularly India and China are major factors to drive growth of the Asia Pacific airport Preconditioned Air Units market considerably with a continuously increasing market share. Furthermore, factors such as an increase in the number of airports, an increase in disposable income, and an increase in international transportation are likely to boost the growth of the airport Preconditioned Air Units market throughout the forecast period. The primary drivers driving the growth of the Asia Pacific airport Preconditioned Air Units market are increased air traffic, improvements in airport infrastructure, and growing airport standards. Furthermore, the growing number of brownfield and Greenfield airport projects in APAC's emerging nations is likely to provide attractive potential possibilities for the market during the forecast period. However, the lack of experienced experts for the maintenance and operation of airport Preconditioned Air Units is expected to hinder the APAC market's expansion in the near future. Furthermore, development and restructuring of existing airports are important factors expected to drive growth in the APAC airport Preconditioned Air Units industry throughout the anticipated time period. Furthermore, improvements to airport infrastructure are likely to drive demand for airport Preconditioned Air Units during the forecast period.

Airport infrastructure upgradation to offer lucrative growth opportunities, thus furthering the inclusion of Airport Preconditioned Air Units Market

The ever-increasing volume of air travel, worldwide commerce, and freight traffic are all contributing to a booming demand for airport preconditioned air units. There are several factors that contribute to a boom in the tourist industry: a rapidly growing population; an increase in disposable income; and a drop in ticket prices. Growth in airport preconditioned air unit market is expected to be fuelled by factors such as increasing demand for new aircrafts in addition to market dynamics such as expansion and upgrade of current airports.

The recent COVID-19 outbreak started in Wuhan (China) in December 2019 and has rapidly spread around the world since then. As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the United States were among the countries with the highest number of positive cases and reported deaths. Due to lockdowns, travel bans, and company closures, the COVID-19 epidemic has impacted economies and businesses in a number of countries.

Investing in a PCA system for airport will not only increase revenues but also reduce environmental impact. Whether it's a hot or sunny day or a chilly day, an aircraft's interior would rapidly become unbearable without the usage of air conditioning during a turnaround. The aircraft will utilize its on-board APU (Auxiliary Power Unit), a jet turbine supplied by the main aircraft fuel tanks, to do this when no suitable facilities are available on the ground, as for example, in the event of a main engine failure. The use of the APU on the ground is a last-ditch effort by the airline and an attack on the environment since this jet engine has an overall energy efficiency of only 4%. Simultaneously, enormous volumes of air pollutants are discharged. In addition to CO2 and NOx, these pollutants have a direct impact on our everyday life, causing a Greenhouse effect in the atmosphere. By the end of the forecast period, the airport preconditioned air unit market is predicted to have surpassed $480 million in revenue growth. Preconditioned air units have a significant impact on reducing carbon emissions, which has fuelled this expansion. As a result of their ability to deliver cooling and heating services to aircrafts, PCA units are expected to drive market expansion throughout the projected period.

Preconditioned air units have become more popular in recent years as the volume of freight and passenger movement throughout the globe has increased steadily. COVID-19 epidemic has had a substantial effect on the aviation sector owing to travel restrictions and a decrease in demand from passengers. Flights have been cancelled or flown with very few passengers due to a significant decrease in the number of passengers. Because of this, the demand for airport preconditioned air units is expected to decline in the near future.  During the projected period, the demand for airport preconditioned air units is likely to be fuelled by improvements to airport infrastructure. For this reason, governments all over the globe are investing heavily in expanding their transportation systems, which is forcing them to keep up with the influx of tourists. Airport infrastructure that is open to the market is also supported by government entities that have taken aggressive efforts.

The major players of the global Airport Preconditioned Air Units market are JBT Corporation, Kocoverk International, Langa Industrial, ITW GSE, LEBRUN S.A. Nordic Heater, Power Force Technologies Pte Ltd, Therm Dynamics, Twist Aero, WCBKT S.A. Weihai Guangtai Airport Equipment Co., Ltd. Cavotec SA, CIAT, GUINAULT, and fcx systems

Among all other established and emerging companies and investors. These market players are spread across the world and are aggressive in developing new technologies to lead the market and improve revenue growth. Furthermore, the market players to stay ahead of the competitive landscape are unravelling strategic initiatives like mergers and acquisitions, new product portfolios, and technological innovations.

Airport Preconditioned Air Units Market Scope

Key Segments of the Global Airport Preconditioned Air Units Market

Type Overview, (USD Million)

• Mobile Type
• Fixed Type

Application Overview, (USD Million)

• Civil Airports
• Military/Federal Government Airports
• Private Airports

Regional Overview, (USD Million)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa