Report ID: SQMIG20R2042
Report ID:
SQMIG20R2042 |
Region:
Global |
Published Date: March, 2024
Pages:
203
|
Tables:
61 |
Figures:
75
Green Airport Market size was valued at USD 5.07 Billion in 2023 and is poised to grow from USD 5.59 Billion in 2024 to USD 12.16 Billion by 2032, growing at a CAGR of 10.2% during the forecast period (2025-2032).
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20R2042