Military Power Solutions Market Research Report - Global Forecast till 2027

Global Military Power Solutions Market Research Report: Information By Type (Portable and Non-Portable), Source (Batteries Engine, Generators, Fuel Cells, Solar Power and Energy Harvesters), Platform (Air, Marine and Ground), Wattage (Low Power, Tactical Medium Power and High Power) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/A&D/8832-HCR | February 2021 | Region: Global | 168 pages

Please note that the assessment period of report has been updated from 2020–2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Military Power Solutions Market is projected to register a CAGR of 9.01% during the forecast period, 2020 to 2026. Military power solutions are utilized to power up electronic gadgets, machinery, isolated outposts, and military drones or UAVs. The most widely military power solutions used across the globe are generators, batteries, and solar power cells. The manufacturers of military power solutions are constantly focusing on developing power solutions keeping in mind the regulations set by defense authorities.


Market Synopsis


Global Military Power Solutions Market is expected to register significant growth during the forecast period owing to factors such as the growing emergence of modern warfare techniques and rising preference for the use of UAVs in modern warfare. Furthermore, the growing demand and use of new generation power generators or systems are also expected to drive the growth of the market. Additionally, the increasing military expenditure of developing countries such as China and India, owing to the rising territorial conflicts in Asia-Pacific, is also expected to drive the growth of the military power solutions market.


However, issues related to inefficiencies in generating high output power and the high initial cost of deployment might hamper the growth of the global military power solutions market.


Market USP


Increasing technological advancements in military power solutions such as solar power, nuclear power batteries, and fuel cells are expected to drive the growth of the military power solutions market.


Market Drivers



  • Increasing demand for portable power solutions



  • Emergence of modern warfare techniques: There is a growing demand for different military power solutions or systems due to the rising geopolitical instabilities and changing nature of warfare.



  • Rising defense electronics budget


Market Restraints



  • Issues associated with generating a high output power

  • High initial cost of deployment

  • High cost of thermoelectric materials

  • Stringent military regulations


Segmentation


By Type



  • Portable: The portable segment dominated in the market and is expected to grow at a higher CAGR during the study period owing to the rising demand and use of various portable military power systems as they are compact and lightweight and can be easily carried during operations which are expected to drive the growth of the segment.



  • Non-Portable: The segment is expected to grow owing to the rising need for heavy-duty or high-power supply solutions for military equipment and military camps.


By Source



  • Batteries Engine: The segment is expected to witness a significant growth rate in the market during the study period due to the rising need for rechargeable batteries due to the increasing use of UAVs, which require a long-lasting and stable power supply.



  • Generators: The segment is expected to grow with a steady CAGR in the market during the review period, 2020 to 2026, owing to the increasing requirement for enhanced situational awareness and the need for generators during emergency cases such as power failure.



  • Fuel Cells: The segment dominated the market in 2019 and is expected to grow at the highest CAGR during the forecast period, owing to the rising adoption or need for safe, durable, and reliable power solutions.



  • Solar Power: The segment is expected to register a notable growth rate in the market during the review period owing to the benefits offered by solar power solutions such as low ownership cost, renewable, inexhaustible, and environment-friendliness.



  • Energy Harvesters: The segment is expected to grow with a favorable CAGR during the forecast period, owing to the growing need for a small amount of power for low-energy military electronics.


By Platform



  • Air: The segment is expected to grow owing to the increasing demand for military aircraft, military helicopter, and military transport aircraft. Furthermore, the growing adoption of UAVs is also expected to drive the growth of the segment in the global military power solutions market during the study period.



  • Marine: The segment is expected to grow owing to the increasing penetration of military power solutions on shipboard for the smooth flow of power supply-based systems.



  • Ground: The segment dominated the market in 2019 and is expected to grow at the highest CAGR during the forecast period, owing to the increasing adoption of armored vehicles to carry out combat operation, which is expected to drive the growth of the segment.


By Wattage



  • Low Power: The segment is expected to grow with a significant CAGR during the forecast period, 2020 to 2026, owing to the factors such as the increasing use of various power solutions with less than 200 watts of power by soldiers and small military electronics.



  • Medium Power: The segment is expected to grow at the highest CAGR during the forecast period, 2020 to 2026, owing to its cost-effective systems and efficient performance, which is mostly used in ground vehicles such as tanks, trucks with around 250 watts of power.



  • High Power: The segment is expected to grow with a considerable CAGR during the forecast period, 2020 to 2026, owing to factors such as the increasing demand for the high-grade power supply system for more than 250 watts of heavy-duty usage applications.


By Region



  • North America: North America dominated the military power solutions market in 2019 due to the presence of prominent companies such as Schaefer, Inc. and Advanced Conversion Technology, Inc.



  • Europe: The market in this region is projected to register a steady CAGR during the study period due to the increasing development of advanced military ships and vessels by countries such as the UK, Germany, Russia, and others that require advanced power solutions. Hence, driving the growth of the regional market.



  • Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. The growing defense expenditure of countries such as China, Japan, and India are expected to increase the demand for military power solutions in Asia-Pacific.



  • Rest of the World: Increasing incidences of domestic conflicts, drug smuggling, and trafficking in Mexico, Brazil, Gulf countries, and African countries are expected to increase the demand for military power solutions in the rest of the world.


Key Players



  • Cummins Inc. (US)

  • Schaefer, Inc. (US)

  • Gresham Power Electronics Limited (UK)

  • Raytheon Technologies Corporation (US)

  • Saft Groupe S.A. (France)

  • Enersys Inc. (US)

  • Arotech Corporation (US)

  • SFC Energy AG (Germany)

  • Eaglepicher Technologies, LLC (US)

  • Denchi Power Ltd. (UK)


Other Prominent Players



  • Advanced Conversion Technology, Inc. (US)

  • Concorde Battery Corporation (US)

  • Energy Technologies, Inc. (US)

  • Eniquest (Australia)

  • Himoinsa (Spain)

  • Digital Power Corporation (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   9.01% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Source, Platform and Wattage
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cummins Inc. (US), Schaefer, Inc. (US), Gresham Power Electronics Limited (UK), Raytheon Technologies Corporation (US), Saft Groupe S.A. (France), Enersys Inc. (US), Arotech Corporation (US), SFC Energy AG (Germany), Eaglepicher Technologies, LLC (US), Denchi Power Ltd. (UK), Advanced Conversion Technology, Inc. (US), Concorde Battery Corporation (US), Energy Technologies, Inc. (US), Eniquest (Australia), Himoinsa (Spain) and Digital Power Corporation (US)
  Key Market Opportunities   Increasing technological advancements in military power solutions such as solar power, nuclear power batteries, and fuel cells are expected to drive the growth of the military power solutions market.
  Key Market Drivers

  • Increasing demand for portable power solutions
  • Emergence of modern warfare techniques
  • Rising defense electronics budget


  • Frequently Asked Questions (FAQ) :


    The initial cost of deployment and concerns about high output power are anticipated to hamper the global market for military power solutions.

    The increasing demand for portable power solutions and the emergence of modern warfare techniques are anticipated to drive the global market for military power solutions.

    The ground segment is expected to register the highest CAR during the forecast period owing to the increasing demand for military power solutions for military base camps and military vehicles.

    The fuel cells segment is anticipated to be the fastest-growing segment of the global market for military power solutions.

    Saft Groupe S. (France), Arotech Corporation (U.S.), Schaefer, Inc. (U.S.), and Cummins Inc. (U.S.) are some of the established players in the global military power solutions market.