US Next Generation Military Power Supply Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Type, Power Rating, System, and End Use

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.

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

Reasons to buy:

• 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
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global automated waste collection system market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution