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

Market Forecast

Global Military Power Solutions Market is projected to register a CAGR of 9.01% from 2020 to 2026. The rapidly growing need for durable and maintenance-free power sources and rising defense electronics budget across the world has significantly contributed to the expansion of the Military Power Solutions Market . Furthermore, increasing initiatives undertaken by the government of countries such as the US for the development of advanced military power solutions are also expected to drive the growth of the market. For example, in March 2020, the Pentagon awarded development contracts to X-energy, LLC, for USD 14.3 million to begin a two-year engineering competition for designing a small nuclear microreactor that is intended to be deployed outside the US.

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

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.

Growth Opportunities in the Market

Portable segment to register the higher growth rate: The portable segment is expected to register the higher CAGR during the forecast period, 2020 to 2026. The rising demand for portable batteries and other defense electronics due to the increasing number of military vehicles across the world is expected to drive the growth of the segment in the global market.

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Fuel cells segment is expected to be the fastest growing: The fuel cells segment is expected to grow with the highest CAGR during the study period, 2020 to 2026. The benefits offered by fuel cells, such as high durability and high capacity of storage, are expected to drive the growth of the segment.

Ground segment is expected to register the highest CAGR: the ground segment is expected to grow at the highest CAGR during the study period. This growth can be attributed to factors such as the increase in the demand for military power solutions for military base camps and military vehicles. Manufacturers are currently focusing on developing military power solutions that are more reliable and efficient.

Medium power segment to register the highest growth rate: The medium power segment is expected to register the highest CAGR during the forecast period, 2020 to 2026. Rising procurement of defense vehicles, tanks, and other defense systems, increasing number of military operations, and increasing budget allocations of developing economies are expected to drive the growth of the segment in the global market.

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)

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Table Of Contents

  1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Military Power Solutions Market, By Type

1.1.2. Global Military Power Solutions Market, By Source

1.1.3. Global Military Power Solutions Market, By Platform

1.1.4. Global Military Power Solutions Market, By Wattage

1.1.5. Global Military Power Solutions Market, By Region

  1. Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

  1. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

  1. Market Insights
  2. Market Dynamics

5.1. Introduction

5.2. Drivers

5.2.1. Increasing Demand For Portable Power Solutions

5.2.2. Growing Emergence Of Modern Warfare Techniques

5.2.3. Rising Defense Electronics Budget

5.2.4. Drivers Impact Analysis

5.3. Restraints

5.3.1. Issues Related To Inefficiency To Generate High Output Power

5.3.2. High Initial Cost Of Deployment

5.3.3. High Cost Of Thermoelectric Materials

5.3.4. Stringent Military Regulations

5.3.5. Restraints Impact Analysis

5.4. Opportunities

5.5. Market/Technological Trends

5.6. Patent Trends

5.7. Regulatory Landscape/Standards

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