Rising Demand for Power Supply in US Navy to Provide Growth Opportunities for Next Generation Military Power Supply Market during 2021-2028
According to our latest market study on “Next Generation Military Power Supply Market Forecast to 2028 - COVID-19 Impact and Analysis - by Type, Power Rating, System, and End-use,” the market is expected to grow from US$ 1902.25 million in 2021 and is projected to reach US$ 3,503.27 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2021 to 2028.
Domain control is the focus of naval undersea innovation, which comprises two key areas for improvement. The first is increased operational effectiveness, while the second is detection capability, according to the ONR's Full Spectrum Undersea Warfare (FSUSW) programme. The key to increasing any subsea vessel's capabilities is to improve its power supply technology. The Defense Advanced Research Projects Agency (DARPA) is one of the agencies taking the lead on developing new power supply hardware for unmanned underwater vehicles (UUVs). DARPA and its partners are now working on aa technology that does not rely on high-density batteries or nuclear power. Furthermore, according to DARPA, the advanced UUV power supply technology will be capable of running for up to four hours at maximum power and 1,680 hours under ideal conditions. Simultaneously, this cutting-edge technology is supposed to perform while releasing minimum sound waves, avoiding detection by adversary sensors.
Furthermore, in July 2020, Ozop Energy Solutions (OZSC) announced that Power Conversion Technologies, Inc. (PCTI), its wholly-owned subsidiary, is the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the US Navy at one of the country's largest naval bases. A potential of purchasing a second unit is included in the proposal.
Defense applications require quality electrical power in the form of three-phase/single-phase AC, 50 Hz/400 Hz and regulated DC power, in general, in the form of 5/12/24/28/48 V. To meet these requirements, power conversion systems such as UPSs, PCSs, and SMPSs must be designed. Servo drives for controlled and desired speed/torque are also required for diverse applications. As a result, having efficient, compact, and dependable power conversion units with high power density to support a diverse range of loads for military systems is critical. In order to achieve high availability, long life, appropriate robustness, and cheap maintenance for such applications, additional effort is needed to improve power electronic systems in terms of reliability. Wideband gap devices in power electronic converters such as Silicon Carbide (SiC) and Gallium Nitride (GaN), can be employed to reduce device losses in prospective defense applications. Furthermore, Acumentrics introduced SmartPDU, a new power distribution system that is expected to provide an optimal operation of shipboard electronic systems, as well as the ability to accommodate upgrades and changes.
The COVID-19 pandemic has severely affected North American countries, especially the US. As the US is home to a large number of manufacturing and technological organizations, the COVID-19 outbreak, as well as the steps adopted to restrict its spread, has had a considerable impact. Any impact on the expansion of industries has a direct impact on the region's economic growth. Due to disruptions in IT operations at data centers, tight travel restrictions, and denial of access to IT field engineers to important facilities, the current crisis is impeding next generation military power supply market growth in the US. The COVID-19 pandemic's negative influence on the market in North America is projected to continue in the coming quarters.
The US next generation military power supply market had immediate impact of Covid-19 breakdown. Due to the social distancing and work from home norms across the globe, the residential sector witnessed large number of new installations of UPS systems. In addition, frequent power loss during this pandemic led to increase in demand for UPS systems for residential, industrial sectors, and defense sectors. Large number of power plants and substations were operating with limited workforce, which led to frequent power loss. However, due to restrictions on cross border export and import, the UPS supply chain have been negatively affected. Moreover, the delay in upstream and downstream activities lead to increase in the number of inventories.
According to our latest market study on “Next Generation Military Power Supply Market Forecast to 2028 - COVID-19 Impact and Analysis - by Type, Power Rating, System, and End-use,” the market is expected to grow from US$ 1902.25 million in 2021 and is projected to reach US$ 3,503.27 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2021 to 2028.
Domain control is the focus of naval undersea innovation, which comprises two key areas for improvement. The first is increased operational effectiveness, while the second is detection capability, according to the ONR's Full Spectrum Undersea Warfare (FSUSW) programme. The key to increasing any subsea vessel's capabilities is to improve its power supply technology. The Defense Advanced Research Projects Agency (DARPA) is one of the agencies taking the lead on developing new power supply hardware for unmanned underwater vehicles (UUVs). DARPA and its partners are now working on aa technology that does not rely on high-density batteries or nuclear power. Furthermore, according to DARPA, the advanced UUV power supply technology will be capable of running for up to four hours at maximum power and 1,680 hours under ideal conditions. Simultaneously, this cutting-edge technology is supposed to perform while releasing minimum sound waves, avoiding detection by adversary sensors.
Furthermore, in July 2020, Ozop Energy Solutions (OZSC) announced that Power Conversion Technologies, Inc. (PCTI), its wholly-owned subsidiary, is the sole bidder on a project to upgrade a 1 MW power supply that will be used in a classified marine propulsion application for the US Navy at one of the country's largest naval bases. A potential of purchasing a second unit is included in the proposal.
Defense applications require quality electrical power in the form of three-phase/single-phase AC, 50 Hz/400 Hz and regulated DC power, in general, in the form of 5/12/24/28/48 V. To meet these requirements, power conversion systems such as UPSs, PCSs, and SMPSs must be designed. Servo drives for controlled and desired speed/torque are also required for diverse applications. As a result, having efficient, compact, and dependable power conversion units with high power density to support a diverse range of loads for military systems is critical. In order to achieve high availability, long life, appropriate robustness, and cheap maintenance for such applications, additional effort is needed to improve power electronic systems in terms of reliability. Wideband gap devices in power electronic converters such as Silicon Carbide (SiC) and Gallium Nitride (GaN), can be employed to reduce device losses in prospective defense applications. Furthermore, Acumentrics introduced SmartPDU, a new power distribution system that is expected to provide an optimal operation of shipboard electronic systems, as well as the ability to accommodate upgrades and changes.
Impact of COVID-19 Pandemic on Next Generation Military Power Supply Market
The COVID-19 pandemic has severely affected North American countries, especially the US. As the US is home to a large number of manufacturing and technological organizations, the COVID-19 outbreak, as well as the steps adopted to restrict its spread, has had a considerable impact. Any impact on the expansion of industries has a direct impact on the region's economic growth. Due to disruptions in IT operations at data centers, tight travel restrictions, and denial of access to IT field engineers to important facilities, the current crisis is impeding next generation military power supply market growth in the US. The COVID-19 pandemic's negative influence on the market in North America is projected to continue in the coming quarters.
The US next generation military power supply market had immediate impact of Covid-19 breakdown. Due to the social distancing and work from home norms across the globe, the residential sector witnessed large number of new installations of UPS systems. In addition, frequent power loss during this pandemic led to increase in demand for UPS systems for residential, industrial sectors, and defense sectors. Large number of power plants and substations were operating with limited workforce, which led to frequent power loss. However, due to restrictions on cross border export and import, the UPS supply chain have been negatively affected. Moreover, the delay in upstream and downstream activities lead to increase in the number of inventories.
The report segments the US next generation military power supply market as follows:
By Type
- Programmable
- Non-Programmable
By Power Rating
- 500W to 1,000W
- 1,001W to 5,000W
- 5,001W to 10,000W
- 10,000W to 20,000W
By System
- Discrete Power Supply
- Integrated Power Supply
By End-user
- Aerial
- Land
- Naval
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- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global next generation military power supply market
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Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Next Generation Military Power Supply Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Industrial Market Categorization
4.5.2 Industrial Market Competitors
5. Next Generation Military Power Supply Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rapid Technological Advancements in Power Industry
5.1.2 Rise in Demand for Highly Reliable Power Supply Systems
5.2 Market Restraints
5.2.1 Lack of Stability in Next Generation Memory
5.3 Market Opportunities
5.3.1 Rising Demand for Power Supply in US Navy Sector
5.4 Future Trends
5.4.1 Adoption of Commercial Off-the-Shelf (COTS) Technology
5.5 Impact Analysis of Drivers and Restraints
6. Next Generation Military Power Supply - US Market Analysis
6.1 Next Generation Military Power Supply Market - Revenue and Forecast to 2028 (US$ Million)
6.2 Market Positioning - US Market Players Ranking
7. Next Generation Military Power Supply Market Revenue and Forecast to 2028 -Type
7.1 Overview
7.2 Next Generation Military Power Supply Market, by Type (2020 and 2028)
7.3 Programmable
7.3.1 Overview
7.3.2 Programmable: Next Generation Military Power Supply Market Revenue and Forecast To 2028 (US$ Million)
7.4 Non-Programmable
7.4.1 Overview
7.4.2 Non-Programmable: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
8. Next Generation Military Power Supply Market Revenue and Forecast to 2028 - Power rating
8.1 Overview
8.2 Next Generation Military Power Supply Market, by Power Rating (2020 and 2028)
8.3W To 1,000W
8.3.1 Overview
8.3.2W To 1,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
8.4 1,001W TO 5,000W
8.4.1 Overview
8.4.2 1,001W TO 5,000W: Next Generation Military Power Supply Market Revenue and Forecast To 2028 (US$ Million)
8.5 5,001W TO 10,000W
8.5.1 Overview
8.5.2 5,001W TO 10,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
8.6,000W TO 20,000W
8.6.1 Overview
8.6.2,000W TO 20,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
9. Next Generation Military Power Supply Market Revenue and Forecast to 2028 - System
9.1 Overview
9.2 Next Generation Military Power Supply Market, by System (2020 and 2028)
9.3 Discrete Power Supply
9.3.1 Overview
9.3.2 Discrete Power Supply: Next Generation Military Power Supply Market Revenue and Forecast To 2028 (US$ Million)
9.4 Integrated Power Supply
9.4.1 Overview
9.4.2 Integrated Power Supply: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
10. Next Generation Military Power Supply Market Revenue and Forecast to 2028 - End Use
10.1 Overview
10.2 Next Generation Military Power Supply Market, by End Use (2020 and 2028)
10.3 Aerial
10.3.1 Overview
10.3.2 Aerial: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
10.4 Land
10.4.1 Overview
10.4.2 Land: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
10.5 Naval
10.5.1 Overview
10.5.2 Naval: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
11. Next Generation Military Power supply Market - COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Abbott Technologies
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 AJ’S POWER SOURCE INC.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 AstrodyneTDI
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eaton.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 AMETEK Intellipower, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 TECHNOLOGY DYNAMICS, INC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Prime Power
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 SynQor, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Arnold Magnetic Technologies.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Republic Power Systems
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 NOVA Power Solutions, Inc.
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Milpower Source, Inc.
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 NOVA ELECTRIC
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Acumentrics.
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Clary Corporation
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
14. Appendix
14.1 About
14.2 Word Index
List of Tables
Table 1. Industrial Power Supply Market Categorization
Table 2. Industrial Power Supply Market Competitors in the US
Table 3. Next generation military power supply Market - Revenue, and Forecast to 2028 (US$ Million)
Table 4. List of AbbreviationList of Figures
Figure 1. Next Generation Military Power Supply Market Segmentation
Figure 2. US Next Generation Military Power Supply Market Overview
Figure 3. Next Generation Military Power Supply Market, by Type
Figure 4. Next Generation Military Power Supply Market, by Power Rating
Figure 5. Next Generation Military Power Supply Market, by System
Figure 6. Next Generation Military Power Supply Market, by End Use
Figure 7. Porter’s Five Forces Analysis
Figure 8. Next Generation Military Power Supply Market: Ecosystem Analysis
Figure 9. Next Generation Military Power Supply Market Impact Analysis of Drivers and Restraints
Figure 10. Next Generation Military Power Supply Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Next Generation Military Power Supply Market, by Type (2020 and 2028)
Figure 12. Programmable: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Non-Programmable: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Next Generation Military Power Supply Market, by Power Rating (2020 and 2028)
Figure 15.W to 1,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. 1,001W TO 5,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. 5,001W TO 10,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 18.,000W TO 20,000W: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Next Generation Military Power Supply Market, by System (2020 and 2028)
Figure 20. Discrete Power Supply: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Integrated Power Supply: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Next Generation Military Power Supply Market, by End Use (2020 and 2028)
Figure 23. Aerial: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Land: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Naval: Next Generation Military Power Supply Market Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- Abbott Technologies
- AJ’S POWER SOURCE INC.
- AstrodyneTDI
- Eaton
- AMETEK Intellipower, Inc.
- Technology Dynamics, Inc
- Prime Power
- SynQor, Inc.
- Arnold Magnetic Technologies.
- Republic Power Systems
- NOVA Power Solutions, Inc.
- Milpower Source, Inc.
- NOVA ELECTRIC
- Acumentrics
- Clary Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 132 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 1902.3 Million |
| Forecasted Market Value ( USD | $ 3503.27 Million |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | United States |
| No. of Companies Mentioned | 15 |
