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Military Power Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5562471
Description Jump to:
The global military power solutions market size reached US$ 8.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

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 publisher 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 2023-2028. Our report has categorized the market based on type, source, wattage and application.

Breakup by Type:

  • Portable
  • Non-Portable

Breakup by Source:

  • Batteries
  • Generators
  • Others

Breakup by Wattage:

  • Low Power
  • Medium Power
  • High Power

Breakup by Application:

  • Air
  • Land
  • Naval

Breakup by Region:

North America

  • 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


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 Inc., Eniquest, Himoinsa S.L. (Yanmar Co. Ltd.), Raytheon Technologies Corporation, Saft (TotalEnergies SE) and SFC Energy AG.

Key Questions Answered in This Report:

  • How has the global military power solutions market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global military power solutions market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the wattage?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global military power solutions market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Military Power Solutions Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Portable
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Non-Portable
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Source
7.1 Batteries
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Generators
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Wattage
8.1 Low Power
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Medium Power
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 High Power
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Air
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Land
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Naval
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Arotech Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Concorde Battery Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Cummins Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Denchi Group Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 EaglePicher Technologies
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 EnerSys Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Eniquest
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Himoinsa S.L. (Yanmar Co. Ltd.)
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Raytheon Technologies Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Saft (TotalEnergies SE)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 SFC Energy AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Military Power Solutions Market: Major Drivers and Challenges
Figure 2: Global: Military Power Solutions Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Military Power Solutions Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Military Power Solutions Market: Breakup by Type (in %), 2022
Figure 5: Global: Military Power Solutions Market: Breakup by Source (in %), 2022
Figure 6: Global: Military Power Solutions Market: Breakup by Wattage (in %), 2022
Figure 7: Global: Military Power Solutions Market: Breakup by Application (in %), 2022
Figure 8: Global: Military Power Solutions Market: Breakup by Region (in %), 2022
Figure 9: Global: Military Power Solutions (Portable) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Military Power Solutions (Portable) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Military Power Solutions (Non-Portable) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Military Power Solutions (Non-Portable) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Military Power Solutions (Batteries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Military Power Solutions (Batteries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Military Power Solutions (Generators) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Military Power Solutions (Generators) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Military Power Solutions (Other Sources) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Military Power Solutions (Other Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Military Power Solutions (Low Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Military Power Solutions (Low Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Military Power Solutions (Medium Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Military Power Solutions (Medium Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Military Power Solutions (High Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Military Power Solutions (High Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Military Power Solutions (Air) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Military Power Solutions (Air) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Military Power Solutions (Land) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Military Power Solutions (Land) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Military Power Solutions (Naval) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Military Power Solutions (Naval) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Military Power Solutions Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Military Power Solutions Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Military Power Solutions Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Military Power Solutions Industry: SWOT Analysis
Figure 81: Global: Military Power Solutions Industry: Value Chain Analysis
Figure 82: Global: Military Power Solutions Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Military Power Solutions Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Military Power Solutions Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Military Power Solutions Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: Military Power Solutions Market Forecast: Breakup by Wattage (in Million US$), 2023-2028
Table 5: Global: Military Power Solutions Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Military Power Solutions Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Military Power Solutions Market: Competitive Structure
Table 8: Global: Military Power Solutions Market: Key Players

Companies Mentioned

  • Arotech Corporation
  • Concorde Battery Corporation
  • Cummins Inc.
  • Denchi Group Ltd.
  • EaglePicher Technologies
  • EnerSys Inc.
  • Eniquest
  • Himoinsa S.L. (Yanmar Co. Ltd.)
  • Raytheon Technologies Corporation
  • Saft (TotalEnergies SE)
  • SFC Energy AG.

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 8.6 Billion
Forecasted Market Value ( USD ) by 2028 $ 12.2 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned11

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