Green Airport Market

Global Green Airport Market Outlook 2030 –

A green airport meets the most recent sustainability criteria, reduces the environmental impact of airport activities, and mitigates the impact of climate change on related facilities and operations. Green Airport has been making headlines globally as more airports prefer this option. According to Air Traffic Action Group research, the global aviation industry accounts for 2% of all anthropogenic carbon dioxide emissions. As new terminals, ground vehicles, and facilities are built, the demand for the energy rises. As a result, many airports have incorporated greener elements into their designs and operations strategies, as well as pledged to support environmentally sustainable initiatives, transforming them into green airports.

COVID-19 Impact Analysis

More than 100 countries have implemented travel restrictions as a result of the COVID-19 crisis, according to the International Air Transport Association. As a result, ground handlers anticipate losing 95% of their revenue in 2020. Ground support equipment orders that were supposed to arrive in 2020 have also been cancelled. The Airports Council International (ACI) warns that the long duration of the COVID-19 outbreak will avoid the r airports from meeting their previously projected growth targets in the region. The airport association is urging regulators and governments to enact well-defined adjustments and relief measures tailored to local conditions. According to Airport Council International (ACI) World estimates, passenger traffic volumes in Asia-Pacific will be down 24%in the first quarter of 2020 compared to forecasted traffic levels without COVID-19.

Top Impacting Factor

• Increase in use of renewable energy sources in airport, development of advanced airports, and rise in stringent regulations related to minimizing pollution are the major factors that drive the growth of the green airport market.
• High initial infrastructure setup costs, and lack of skilled labor hinder the growth of the green airport market.
• Increase in modernization of existing airports & developments in commercial aviation, and stringent regulations related to reducing pollution offer opportunities for the growth of the green airport market.

Increase Use of Renewable Energy Source in Airports

According to the UN Intergovernmental Panel /on Climate Change, the aviation industry accounts for up to 2.5 percent of global CO2 emissions. Although the aviation industry will not become more environmentally friendly overnight, airports do have the ability, means, and opportunities to invest in long-term development. Renewable energy, in particular, could offer an alternative scenario for resolving the conflict between the desire for rapid growth and the concern for environmental damage in air transport. Renewable energy has the advantage of increasing the availability of energy options available to airports. There are additional advantages, such as lower emissions and smaller environmental footprint. Currently, a large number of airports use smart robots, operating on renewable energy sources, for process optimization and save cost. For example, Singapore Changi airport uses a smart wheelchair system guided by vision-based technology. As this latest technology uses renewable energy sources, it is expected to be deployed at other major international airports over the next few years.

Increase Modernization of Existing Airports and Developments in Commercial Aviation

The Gulf Corporation Council (GCC) countries are currently considering large-scale airport expansion and development projects, including international, domestic, and military airports, and the region is experiencing a significant increase in investments in the development and modernization of these airports. According to the Airport Council International (ACI) and the International Air Transportation Association (IATA), airports in the Middle East are expected to handle over 400 million passengers by 2020, owing entirely to development projects planned for the region., The Kingdom of Saudi Arabia is attempting to modernize and streamline the aviation sector through major infrastructure development projects, privatization projects, and market liberalization. Today, the Kingdom is focusing on modernizing existing airports as well as developing new airports for the future that are equipped with technology that can efficiently handle air traffic and passenger flow. For instance, Nispana is pleased to announce that they will be hosting the airport modernization summit in Jeddah, Saudi Arabia.

Key Benefits of the Report

• This study presents the analytical depiction of the green airport market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges the green airport market.
• The current market is quantitatively analyzed to highlight the market growth scenario of green airport market.
• The report provides a detailed green airport market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Green Airport Market Research Report:

• Who are the leading market players in the green airport market?
• What are the critical challenges faced by manufacturers in the green airport market?
• What are the market trends, driving factor and opportunities involved in this market?
• What are the key segments covered in the green airport market?
• What are the future projections of green airport market that would help in taking further strategic steps?

 Green Airport Market Report Highlights