Military Generator Global Market Report 2024

The military generator market size has grown strongly in recent years. It will grow from $1.34 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The expansion observed in the historical period can be attributed to factors such as increased military operations, a growing demand for mobile power solutions, emphasis on enhanced portability and maneuverability of military generators, a focus on energy security, and engagement in humanitarian and disaster relief operations.

The military generator market size is expected to see strong growth in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to factors such as the integration of renewable energy sources, the electrification of military vehicles, a focus on fuel efficiency, the adoption of modular and scalable systems, and an emphasis on cybersecurity and resilience in military generator technology. Key trends in the forecast period encompass the integration of smart and autonomous technologies, continuous technological advancements, a growing focus on hybrid and renewable energy solutions, an increased emphasis on portable and tactical generators, and customization for specific military applications.

The anticipated increase in conflicts is poised to drive the growth of the military generator market in the future. Conflicts, defined as armed battles or disagreements leading to potential violence, necessitate peacekeeping operations for resolution. Military generators play a crucial role in these peacekeeping missions by providing essential power in areas lacking existing energy infrastructure. For example, data from the Uppsala Conflict Data Program (UCDP) in June 2022 revealed that organized violence caused a notable increase in deaths, reaching at least 119,000 people in 2021. This marked a 46% surge from 2020 and represented the highest figure since 2015. Consequently, the surge in peacekeeping missions contributes to the growth of the military generator market.

The expanding military industry is expected to fuel the growth of the military generator market in the forthcoming years. The global military industry, involved in the manufacturing and distribution of weapons and military technologies, relies on military generators as emergency backup power for bases and field operations. These generators support crucial functions such as lighting and field hospitals, proving particularly valuable in remote areas with limited access to conventional electricity sources. In April 2023, the Stockholm International Peace Research Institute reported a record-high 3.7% increase in global military spending, totaling $2240 billion in 2022. This marks a 19% increase over the decade from 2013 to 2022, demonstrating consistent growth. Hence, the burgeoning military industry is a key driver for the military generator market.

The high manufacturing costs associated with military generators are expected to pose a constraint on market growth during the forecast period. The specific requirements and standards for military applications necessitate raw materials and components meeting stringent criteria, contributing to elevated manufacturing expenses. For example, manufacturing military generators, as per Turnkey Industries, Inc., a US-based manufacturing company, incurs costs ranging from $10,000 to $25,000, with installation costs at $4,500 for 10 kW generators. Consequently, these high manufacturing costs impede the growth of the military generator market.

Major companies in the military generator market are strategically focusing on developing innovative products, including mobile diesel generators, to enhance customer service. Mobile diesel generators, characterized by their self-contained nature and ease of transportation, offer flexibility for various applications. Caterpillar Inc., a US-based construction equipment manufacturer, introduced the XQ330 Mobile Diesel Generator in February 2023. This product features the EMCP 4.4 digital control panel for efficient system control and programmable logic controller (PLC) functionality for adaptability. The XQ330, designed for quiet operation and weather resistance, is suitable for rental applications, equipped with features such as a block heater, permanent magnet generator (PMG), battery charger, switchable voltage outputs, and an optional trailer mounting option.

In October 2021, Himoinsa, a Spain-based manufacturer of diesel and gas generator sets and lighting towers, acquired Powersil for an undisclosed amount. This acquisition aims to enhance synergies between the two companies, fostering joint growth strategies to expand industrial, technical, and service capacities and strengthen their market-leading position in Portugal. Powersil, based in Portugal, specializes in selling generator sets and designing and manufacturing electrical panels.

Major companies operating in the military generator market report are Caterpillar Inc., Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Cummins Inc., Atlas Copco AB, Kawasaki Heavy Industries Ltd., Doosan Group, Yanmar Holdings Co. Ltd., Wärtsilä Corporation, Ingersoll-Rand Plc, Triton Power, Generac Power Systems Inc., MAN Energy Solutions SE, Rolls-Royce Power Systems AG, Leonardo DRS, Briggs & Stratton Corporation, Himoinsa S.L., HDT Global, SFC Energy AG, Hatz Diesel of North America Inc., Kohler SDMO, Fischer Panda Generators LLC, Dewey Electronics Corporation, CMCA Ltd., Green Mountain Generators.

Asia-Pacific was the largest region in the military generator market in 2023. The regions covered in the military generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the military generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The military generator market consists of sales of generator units, portable generators, generator parts, and accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The main types of military generators include DC generators and AC generators. A DC generator is an electrical device that converts mechanical energy into direct current electricity. Military generators can use various fuel types, including diesel, natural gas, and hybrid configurations, with capacities ranging from up to 60 kW, 61 to 250 kW, 251 to 500 kW, 501 to 1000 kW, and above 1000 kW. These generators find applications in diverse military settings such as communication systems, air defense systems, field hospitals, field camps and accommodation, lighting, and military vehicles.

The military generators market research report is one of a series of new reports that provides military generators market statistics, including military generators industry global market size, regional shares, competitors with a military generators market share, detailed military generators market segments, market trends and opportunities, and any further data you may need to thrive in the military generators industry. This military generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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