The global military power solutions market size reached US$ 9.1 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 13.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2023-2032.
Military power solutions are devices used to power military machinery and equipment, ranging from small electronic gadgets to large military vehicles across air, land, and sea. They comprise batteries, fuel cells, energy harvesters, generators, and solar power cells to support higher voltages and lower input signals as compared to commercial power supplies used by military hospitals and air traffic control facilities. They assist specific and standard voltage ranges for power continuity, control and effective operations. In addition, they handle vibration and shock caused by tracked and wheeled military vehicles with the impact of artillery fire.
Non-Portable
Generators
Others
Medium Power
High Power
Land
Naval
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
2. What is the expected growth rate of the global military power solutions market during 2024-2032?
3. What are the key factors driving the global military power solutions market?
4. What has been the impact of COVID-19 on the global military power solutions market?
5. What is the breakup of the global military power solutions market based on the type?
6. What is the breakup of the global military power solutions market based on the wattage?
7. What is the breakup of the global military power solutions market based on the application?
8. What are the key regions in the global military power solutions market?
9. Who are the key players/companies in the global military power solutions market?
Military power solutions are devices used to power military machinery and equipment, ranging from small electronic gadgets to large military vehicles across air, land, and sea. They comprise batteries, fuel cells, energy harvesters, generators, and solar power cells to support higher voltages and lower input signals as compared to commercial power supplies used by military hospitals and air traffic control facilities. They assist specific and standard voltage ranges for power continuity, control and effective operations. In addition, they handle vibration and shock caused by tracked and wheeled military vehicles with the impact of artillery fire.
Military Power Solutions Market Trends:
Due to the deployment of troops at isolated regions, there is a rise in the demand for durable military power solutions across the globe. This, along with the growing demand for maintenance-free power solutions to reduce operating costs, represents one of the key factors driving the market. Moreover, there is an increase in the demand for portable power solutions for being used at any location. This, coupled with the rising defense budget to facilitate the military troops and machinery, is propelling the growth of the market. In addition, the escalating demand for military drones to carry out counterterrorism strikes and surveillance is positively influencing the market. Besides this, the increasing utilization of soundless power solutions to power electronics and drones without revealing the area of the outposts is offering lucrative growth opportunities to manufacturers. Additionally, governments of several countries are taking initiatives for upgrading defense equipment. This, coupled with extensive investment in research and development (R&D) activities to develop innovative military power products by leading players, is projected to augment the overall sales.Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global military power solutions market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, source, wattage and application.Breakup by Type:
PortableNon-Portable
Breakup by Source:
BatteriesGenerators
Others
Breakup by Wattage:
Low PowerMedium Power
High Power
Breakup by Application:
AirLand
Naval
Breakup by Region:
North AmericaUnited States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arotech Corporation, Concorde Battery Corporation, Cummins Inc., Denchi Group Ltd., EaglePicher Technologies, EnerSys, Eniquest,Himoinsa (Yanmar Company), Raytheon Technologies Corporation, Saft (TotalEnergies SE) and SFC Energy AG.Key Questions Answered in This Report
1. How big is the global military power solutions market?2. What is the expected growth rate of the global military power solutions market during 2024-2032?
3. What are the key factors driving the global military power solutions market?
4. What has been the impact of COVID-19 on the global military power solutions market?
5. What is the breakup of the global military power solutions market based on the type?
6. What is the breakup of the global military power solutions market based on the wattage?
7. What is the breakup of the global military power solutions market based on the application?
8. What are the key regions in the global military power solutions market?
9. Who are the key players/companies in the global military power solutions market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Military Power Solutions Market
6 Market Breakup by Type
7 Market Breakup by Source
8 Market Breakup by Wattage
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Arotech Corporation
- Concorde Battery Corporation
- Cummins Inc.
- Denchi Group Ltd.
- EaglePicher Technologies
- EnerSys
- Eniquest
- Himoinsa (Yanmar Company)
- Raytheon Technologies Corporation
- Saft (TotalEnergies SE)
- SFC Energy AG.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 140 |
Published | July 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 9.1 Billion |
Forecasted Market Value ( USD | $ 13.4 Billion |
Compound Annual Growth Rate | 4.4% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |