Green Airport Market By Energy Type (Wind power, Bioenergy, Solar energy), By Airport Type (Civil, Military), By Airport Class (Class A, Class B, Class C): Global Opportunity Analysis and Industry Forecast, 2023-2032
Airports across the globe are making commitments and taking active measures to enhance their environmental sustainability. For instance, in November 2023, Munich Airport intensified its commitment to environmental sustainability by advancing its climate targets. Jost Lammers, the CEO of Munich Airport, emphasized the airport's commitment to achieving Net Zero by 2035. He acknowledged the challenges associated with this ambitious goal but expressed the airport's determination to contribute to decarbonized aviation as a green mobility hub. Munich Airport's strategy for achieving Net Zero by 2035 involves comprehensive measures across four major areas, addressing energy supply, airport facilities and infrastructure, building construction and optimization, and the transition of its vehicle fleet to more sustainable options.
Wind power emerges as a sustainable and eco-friendly energy solution for airports, offering a clean and renewable alternative. This source of energy is recognized for its environmental benefits, as it generates electricity without emitting greenhouse gases or air pollutants. The integration of wind turbines in airport energy systems facilitates a reduction in dependency on non-renewable resources such as fossil fuels, thereby aiding in the decrease of carbon footprints associated with airport operations.Wind power systems exhibit a modest environmental footprint when contrasted with traditional methods of power generation. These systems avoid the processes of extracting and burning fossil fuels, thereby mitigating the potential for air and water pollution. Moreover, airports across the globe adopt wind power systems to achieve low operating and maintenance costs. For instance, in October 2022, Airports Authority of India (AAI) announced that Mumbai airport in India transitioned to green energy sources. The airport fulfills 95% of its energy requirements through hydro and wind power, while the remaining 5% comes from solar energy. The facility experienced a substantial increase in green energy utilization, progressing from 57% in April to an impressive 98% from May to July.
In addition, in December 2021, Fraport, the operator of Frankfurt Airport entered into a significant long-term agreement with the German utility provider EnBW to supply power to the airport using energy generated from an offshore wind farm. Furthermore, numerous nations and areas establish ambitious targets for renewable energy as part of their efforts to decrease carbon emissions. Airports are incentivized to embrace wind power to meet these targets and actively contribute to the attainment of sustainable energy objectives, which is expected to drive the growth of the market.
Bioenergy involves the utilization of organic materials, such as biomass, to generate energy. Bioenergy emerges as a sustainable and eco-friendly choice for airports aiming to diminish their carbon impact. Within the green airport market, bioenergy commonly derives from organic sources such as agricultural remnants, wood pellets, and even on-site generated waste. Its applications at airports predominantly involve crafting biofuels for aircraft, implementing biomass heating systems for terminal structures, and producing biogas to fulfill diverse operational requirements. For instance, in December 2021, Genia Bioenergy, an energy engineering firm based in Valencia, has been awarded the engineering contract for the development of a Small Biogas facility. This plant is intended to generate biomethane and electricity to meet the energy needs of Bangalore airport in India.
Airports acknowledge the significance of broadening their energy resources to enhance resilience and sustainability. Bioenergy provides a varied and dependable source, decreasing the reliance on conventional fossil fuels. There is a rise in the number of projects that includes the use of organic waste materials, fostering effective waste management practices at airports. Therefore, the incorporation of bioenergy to support environmental sustainability goals is expected to drive the growth of the market.
The green airport market is segmented on the basis of energy type, airport type, airport class, and region. Based on energy type, it is segmented into wind power, bioenergy, and solar energy. On the basis of airport type, it is classified into commercial and military. airport class, it is categorized into Class A, Class B, and Class C. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include SITA, TKH Airport Solutions, ABB, Schnieder Electric, Acciona, Collins Aerospace, Honeywell International Inc., IBM Corporation, Siemens AG, and Thales Group.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the green airport market analysis from 2022 to 2032 to identify the prevailing green airport market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the green airport market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global green airport market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Energy TypeBioenergy
Solar energy
Wind power
By Airport TypeCivil
Military
By Airport ClassClass A
Class B
Class C
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersTKH Airport Solutions
Schnieder Electric
Acciona
Honeywell International Inc.
IBM Corporation
Siemens AG
Thales Group
SITA
ABB
Collins Aerospace
Please Note: It will take 7-10 business days to complete the report upon order confirmation.