Military Power Solutions Market
Global Military Power Solutions Market Size, Share & Trends Analysis Report by Type (Portable, and Non-portable), by Source (Batteries, Generators, and Others), and by Application (Air, Land, and Sea) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global military power solutions market is anticipated to grow at a considerable CAGR of 7.7% during the forecast period. One of the key factors that are fueling market growth includes the growing defense budgets of most countries. Nations across the globe have been raising their national defense budget as tensions rise on borders between multiple countries such as China, India, the US, Russia, and others. For instance, in February 2022, Russia invaded Ukraine which caused more than 7.7 million Ukrainians escaping the nation, and a third of the population of the country displaced. Such incidences have influenced the defense budget of multiple nations which has contributed to the growth of the military power solutions market. For instance, in March 2022, China increased its annual defense budget by 7.1% to reach $230 billion.
Segmental Outlook
The global military power solutions market is segmented based on the type, source, and application. Based on the type, the market is segmented into portable, and non-portable. Based on the source, the market is sub-segmented into batteries, generators, and others. Other sources included fuel cells and solar power. Based on the application, the market is sub-segmented into the air, land, and sea. The above-mentioned segments can be customized as per the requirements. Based on type, the portable segment is anticipated to grow at the fastest rate in the market due to the rising mobility of militaries while, based on source, the batteries segment is anticipated to grow significantly during the forecast period owing to its port, and rechargeability.
The Portable Segment is Anticipated to Grow at Cater Considerable CAGR in the Global Military Power Solutions Market
Based on type, the portable segment is anticipated to grow at the fastest rate in the market during the forecast period. The arrival of portable electronic devices has transformed warfare that has been backed by the portable power solutions that are required for such devices for deployment. Such flexible power solutions are significant in the application of certain tactical equipment on the battlefield as this equipment is highly used while moving a lot. These power sources are either mostly rechargeable which enhances their reusability and vexes the associated risks of damage to both the power source and the equipment. Multiple ongoing R&D projects aimed to boost the performance parameters of these power solutions on the battlefield during minimizing the associated operational challenges such as SWaP and compatibility. For instance, in June 2022, the US Department of Defence (DoD) Strategic Capabilities Office (SCO) chose BWX Technologies for constructing the first advanced nuclear microreactor underneath Project Pele. The cost-type agreement is priced at $300 million, and these reactors are to be capable of generating 1-5 MW and will be portable in commercially existing shipping containers.
Regional Outlooks
The global military power solutions market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America region is anticipated to hold the prominent share in the market owing to the large demand for military power solutions from the US wile, Asia-Pacific region is anticipated to grow significantly during the forecast period owing to the high tension between the countries in the region.
Global Military Power Solutions Market Growth, by Region 2022-2028
The North America Region Anticipated to Hold the Prominent Share in the Global Military Power Solutions Market
The North American region is anticipated to hold a prominent share in the market during the forecast period owing to the large demand for military power solutions from the US. Deployment of US military troops in various areas across the globe, owing to the engagement of the US in various global struggles, is one of the core features driving revenue growth from the region. These command units and military camps use various portable requiring compact, military equipment, and transportable power solutions for supplying continuous or convenient power. The country has been focusing on advancing the existing power solutions/battery technology onboard several of its defense platforms. For instance, in March 2022, NanoGraf was offered a $1 million expansion contract from the US DoD for creating next-generation battery technology, such as manufacturing a more powerful 4.3Ah lithium-ion battery with a long life span for the US Army. The cell supports military personnel of the US with enhanced run-time of the equipment. Previously, in 2021, the company was granted another agreement for delivering 3.8Ah 18650 cylindrical lithium-ion cells, which were projected to enter volume production in 2022.
Market Players Outlook
The major companies serving the global military power solutions market include Arotech Corp., Cummins Inc., EnerSys, Raytheon Technologies Corp., Saft Groupe SAS, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, A Sunshine Coast acknowledged an agreement priced at $47.4 million for delivering portable diesel generators to the Australian Defence Force. Under the agreement, the company requires to supply 1,350 diesel generators that will be deployed for emergency and recovery, combat, and defense operations.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global military power solutions market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Arotech Corp.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Cummins Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. EnerSys
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Raytheon Technologies Corp.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Saft Groupe SAS
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Military Power Solutions Market by Type
4.1.1. Portable
4.1.2. Non-portable
4.2. Global Military Power Solutions Market by Source
4.2.1. Batteries
4.2.2. Generators
4.2.3. Others (Fuel Cells, and Solar Power)
4.3. Global Military Power Solutions Market by Application
4.3.1. Air
4.3.2. Land
4.3.3. Sea
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Advanced Conversion Technology, Inc.
6.2. Concorde Battery Corp.
6.3. Denchi Group
6.4. EaglePicher Technologies, LLC
6.5. Eniquest
6.6. Gresham Power Electronics
6.7. HIMOINSA S.L.
6.8. Schaefer, Inc
6.9. SFC Energy AG?
1. GLOBAL MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL PORTABLE MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NON-PORTABLE MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
5. GLOBAL BATTERIES FOR MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL GENERATORS FOR MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL OTHERS SOURCED FOR MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL AIR MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL LAND MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SEA MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. EUROPEAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
20. EUROPEAN MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD MILITARY POWER SOLUTIONS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL MILITARY POWER SOLUTIONS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL PORTABLE MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL NON-PORTABLE MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL MILITARY POWER SOLUTIONS MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
5. GLOBAL BATTERIES FOR MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL GENERATORS FOR MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL OTHER SOURCED FOR MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL MILITARY POWER SOLUTIONS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL AIR MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL LAND MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL SEA MILITARY POWER SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL MILITARY POWER SOLUTIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. US MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
15. UK MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MILITARY POWER SOLUTIONS MARKET SIZE, 2021-2028 ($ MILLION)
