USD 4.6 billion
Green Airport Market Size, Share, Growth Analysis, By Energy Type(Bioenergy, Solar energy, and Wind power), By Airport Type(Civil and Military), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20R2042 |
Region:
Global |
Published Date: March, 2024
Pages:
203
|Tables:
61
|Figures:
75
Green Airport Market Insights
Global Green Airport Market size was valued at USD 4.6 billion in 2022 and is poised to grow from USD 5.07 billion in 2023 to USD 11.03 billion by 2031, growing at a CAGR of 10.2% during the forecast period (2024-2031).
The role of green global airports as a key component of the aviation industry is to promote the development and integration of green technologies and activities and environmental factors in airports. To provide reduction in the footprints of air travel, it aims to reduce carbon emissions, cut the generation of wastes, and save the limited/ finite resources. A major force fueling the market expansion is growing attention towards our environment and economies and the importance of fighting climate changes by the consumers and governments. Moreover, a tightknit international regulatory regime that precedes emissions alternations and sustainable development is prompting airports worldwide to innovate greener concepts and concepts tearing heavy reliance on the exploitation of the natural resources into account.
Conversely, with increasing popularity, many dampening factors discourage the rapid incorporation of green operational concepts in airports, such as high startup costs, technological challenges, and relucance to change from traditional airport management principles. The markets also have their own points of concern, these being the necessity for all partners to work together and they include airlines, airport officials and the regulating bodies, to achieve greatness from devised sustainable strategies. Nonetheless, in the back of these problems there is ‘a treasure box’ which encourages inventions, development and the use of sustainable technologies and green practices, with particular references to renewable energy sources of electricity and sustainable waste management practices. As airports continue to push towards a better environmental performance, the rest of the aviation community search for the way to join this movement and be a part of the brighter, greener future of the aviation industry.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
solar energy
Fastest Growth
solar energy
Growth Rate
10.2% CAGR
Global Green Airport Market ($ Bn)
Country Share for North America Region (%)
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Green Airport Market Segmental Analysis
Global Green Airport Market is segmented by Energy Type, Airport Type, and region. Based on Energy Type, the market can be segmented into Bioenergy, Solar energy, and Wind power. Based on Airport Type, the market is segmented into Civil, and Military. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Energy Type
Solar energy becomes the largest segment, influencing the course of the market share creation and taking control of it. This is one selective advantage that this technology enjoys given that the source of energy is in abundance and in most cases renewable. To spark the use of solar energy, airports across the world are utilising solar technology owing to reduction in costs and higher efficiency thereby increasing their use of solar solutions to perform their functions. Moreover, this segment can supply the airports with a stable clean energy, which is great in terms of both security and sustainability of their power supply. as it does not create pollution significantly, making the airports greener, cleaner and thus more sustainable. The dawn of this innovative technology then goes beyond practical purpose, and instead becomes a sign of a new era of green initiatives in aviation.
Meanwhile, the fastest-growing segment within the global green airport market is bioenergy. Bioenergy derived its charm from varied purposes, such as nature and economy. Airports strive to find alternatives to fossil fuels and diversify their energy sources, bioenergy remains a multifaceted solution extracted from organic materials that are not considered natural resources but wastes and make biofuels. This is driven by the progress in biofuel technology together with growing investments in sustainable aviation fuels (SAFs) which are being used to fuel the industry for its rapid growth. To begin, bioenergy is a decent option to use in this context that helps achieve global goals to cut down on emissions from the aviation industry, thus making it a product of choice for airports that wish to meet stringent emissions targets and sustainable energy supply. In light of its role as a catalyzing agent for the transition of the aviation sector's energy system to an eco-friendly one, bioenergy rises to the forefront as the force guiding the green airport market towards a more sustainable, effectual, and resilient future.
Analysis by Airport Type
The Civil segment stands out as the largest and most rapidly expanding sector. Civil airports, serving as vital hubs for commercial air travel, have emerged as the cornerstone of sustainable aviation initiatives worldwide. Airport civil, becoming the leading node of the global air travel adopting the sustainable strategy, is the pioneer of air sustainability projects. Being in a commanding position of more than 90% of the green airport market that is allocated to Civil segment, this segment rules through its large infrastructure which is required to meet the drastically growing numbers of passengers and cargos on a daily basis. As a driving force which fuels the long-term growth path is the tireless promotion of environmental conservation, within which the airports, civil airports focus on eco-friendly efforts, they achieve the reduction of carbon emissions, energy consumption, and increase in operational efficiency. Advocating the latest technologies and techniques takes the greenery to their next level which ultimately leads in green investments and partnerships aiming at an aviation landscape way down the line into a more sustainable and climate resistant ecosystem.
The fastest-growing sub-sector encapsulates regional airports, experiencing unprecedented expansion and modernization endeavors. These regional centers, identified by their seniority in becoming the facilitators in connecting the poorer communities and growing economic developments, has now become the birthplaces of sustainable innovations. Regional green airport sequence, which comes with an annual growth rate that is greater than 15%, is rapidly emerging on the global stage due to the interactive of main growth factors: policy incentives, technology development and customer orientation towards the eco-friendly travel. Incorporating solutions like generating energy from renewables for efficient use in the operations of airports constitutes one of the initiatives that are being embraced to re-model the aviation sector into a sustainable one, thus drawing the attention of investors and industry stakeholders. However, being up to the forefront of environmentally friendly ventures in the aviation industry, the airports in the regions envisage the highest level of this transformation, and they are eager to utilize their uncompromising green approach to build robust green airports that have all necessary components perfectly interlinked to ensure operational resilience.
Global Green Airport Market By Energy Type
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Green Airport Market Regional Insights
North America dominated the global Green Airport market. Airports of Canada and United States have adopted eco-friendly measures and implement cutting-edge technologies which underline the green activities in North America airports. Factors that have contributed so much to the aviation industry's pioneering role in these sustainable practices include tough environmental regulations, government subsidies for adopting renewable energy, and an active effort by the airport authority to embrace them. Moreover, growing public awareness and support for sustainability efforts have further encouraged airports in North America to invest in green infrastructure and practices, solidifying the region's position as a key player in the global green airport market.
The European region outshines the other regions in the green airport market as its goals and frameworks on sustainability of very high level and robust making the region to fastest growing in green arena. European airports have taken up a lot recently by mitigating carbon footprint, employing energy saving technologies and championing renewable resources as sources of energy. By means of environmental policy programs like European Green Deal and the Airport Carbon Accreditation program many European airports are aware of carbon neutrality. These airports are working towards achieving the net-zero emissions. Furthermore, relationships among airports, airlines, and agencies of jurisdiction have enabled transfer of knowledge and collaborative actions in measures such as greening airports. Consequently, Europe has become the point of
novelty and sustainable growth for flight industry representing a trend that will remain functioning and dynamic in the forthcoming future.
Global Green Airport Market By Region
- Largest
- Fastest
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Green Airport Market Dynamics
Drivers
Regulatory Pressures and Environmental Concerns
- Rise in environmental regulations and oil prices, problem of carbon footprint forced airports. Therefore, they introduced green initiatives. Almost all the nations' governments are coming up with strict environmental regulations to stimulate the airports to invest in environmentally friendly techniques and practices, that aim to minimize their carbon footprint.
Cost Savings and Operational Efficiency
- Usually green initiatives are obvious routes to cost saving in the long run. Installing systems of energy saving, for example, solar panels, LED lighting and efficient waste management, may be the essential factor for airports to save as much money as possible. Furthermore, implementing environmental approaches can make the company's processes simpler, consume less energy and waste fewer resources.
Restraints
High Initial Investment Costs
- The initial capital sunken into airports for green technologies adoption is one of the major obstacles to the green technology’s adoption. Implementing sustainable infrastructure regime, including renewable energy systems and energy-efficient measuring devices for a start as a rule entails considerable expenditures at the initial stage. This could stop airports, those with limited budgets, that are looking to create green initiatives from doing so because of the long-term benefits eventually coming about.
Technological and Infrastructure Limitations
- Green technology might be limited by ineffectiveness or inadequacy of infrastructures and technologies. Some regions could be unable to procure the infrastructure necessary to develop a renewable energy production base wherein green technologies struggle to be incorporated into existing aviation infrastructure. Apart from that, some green technologies may be relatively new and therefore may not have been tried and tested before therefore their adaptation to all airports’ environment would be problematic.
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Green Airport Market Competitive Landscape
The intense competition which exists worldwide in the environmental airport industry, that attract the leading companies which they want to be referred to as the pioneers in sustainable aviation infrastructure. The outstanding companies of this field work on the implementation of novel technologies to reduce the ecological impacts of the airports' functioning at the same time with the municipalities' efficiency and passengers' comfort. Companies, for instance, Siemens AG, Honeywell International Inc. and General Electric Company, some of the big ones, are leading the movement toward the upgrading of green airport by coming up with solutions such as energy-saving lighting and HVAC systems as well as integrating them with renewable energy technology and proper waste management. Airport authorities with technology developers and sustainability experts are often carrying on mutual collaborations that are purposed to facilitate the rapid implementation of the green technologies. These collaborations aim at sharing information and experience. On top of that, airports which are moving towards a sustainable development wee is a result of the strict regulations and growing environmental consciousness. Therefore, the market for global green airports has been brought about by competition among the companies that fuel their development and innovation and their commitment to sustainability for the modern airports to adapt to the unique needs and challenges finally the market is moving towards a more sustainable future eventually.
Top Player’s Company Profiles
- Siemens AG
- Honeywell International Inc.
- ABB Ltd.
- General Electric Company (GE)
- Schneider Electric SE
- Johnson Controls International plc
- IBM Corporation
- Hitachi, Ltd.
- SITA
- Groupe ADP (Aéroports de Paris)
- Munich Airport
- Schiphol Group
- Fraport AG
- Dallas Fort Worth International Airport (DFW)
- San Francisco International Airport (SFO)
- Heathrow Airport Holdings
- Changi Airport Group
- Dubai Airports
- Airports Council International (ACI)
- International Air Transport Association (IATA)
Recent Developments
- In June 2023, Honeywell International, Inc. and its subsidiaries (including Honeywell Aerospace and Honeywell Transportation Systems) have rolled out an all-new generation airside solution featuring upgraded gates, turnarounds, and airfield lights. The new products released are this year’s Honeywell Navitas Smart Visual Docking system, Turnaround Manager, Single Lamp Control System (ASDv5 SVL), and Loop Sensor.
- In March 2023, Delta SITA got a contract from Hong Kong International Airport to build a carbon management platform that analyzes and regulates carbon emissions’ data throughout the airport. Through this system, HKIA strives to find and follow those critical performance indicators (KPIs) that reflect the pathway to its net zero carbon target.
- In August 2023, Siemens Logistics received an eight-month contract with Aena, a Spanish airport operator, for operating and maintaining the baggage handling system at Palma de Mallorca Airport (PMI) in Spain. As a reply to the service contract, airport has put the conveyer belt system, two tilt tray sorters, 192 check-ins and many other baggage reclaim carousels access.
- In January 2023, Schneider Electric together with AlphaStruxure joined to sign a contract equal to the establishment, construction, and operation of the first microgrid infrastructure that is based on the renewables at the New Terminal One (NTO) of John F. Kennedy International Airport. It involves the installation of a 13000-solar panel combination with both fee-paying and idle rooftop spaces.
- In November 2022, progressing through the value chain, the company was the awarded the concerning the VarioTray baggage handling system (BHS) for Terminal One in the Noida International Airport (NIA) in the city of Jewar, located in India. Siemens will undertake a dual role as BHS designer, supplier, erector, commissioner and will also take care of BHS maintenance.
Green Airport Key Market Trends
- Renewable Energy Integration: There exists a particularly important green airport trend of the continuous enhancement of the integration of the renewable energy sources, such as the solar and wind power, in airports. Airports commits to the more of solar power, wind turbines, and other renewable sources as percentage of fossil fuel consumption and reduction of greenhouse gas emissions.
- Sustainable Infrastructure Development: Sustainability is a focus for airports, and they are constructing environment-friendly infrastructures and facilities as much as possible to minimize waste and pollution. Hence, the areas of focus will be policy reforms such as green building design, efficient water management systems, and environmentally friendly transportation modes. Moreover, airports are adopting cutting edge technologies such as green roofs, rainwater catching system, and water recycling for the main reason of a sustainable operation system.
Green Airport Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Green Airport market analysis, The global green airport market is experiencing significant growth, driven by increasing awareness of environmental issues and the imperative for sustainable practices in the aviation industry. North American countries, notably the United States and Canada, lead the market with advanced infrastructure and supportive regulatory frameworks. Adoption of renewable energy sources such as solar and wind power is a key trend, enabling airports to reduce dependence on fossil fuels and lower carbon emissions. While the transition to green technologies offers long-term operational cost savings, high initial financial investments pose a challenge, especially for small or regional airports with limited budgets. Nevertheless, heightened public understanding of environmental concerns and the emergence of stringent regulations continue to propel the momentum towards green initiatives in the aviation sector.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.6 billion |
| Market size value in 2031 | USD 11.03 billion |
| Growth Rate | 10.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Green Airport Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Green Airport Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Green Airport Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Green Airport Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Green Airport Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Green Airport Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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