Global Military Power Solutions Market - 2023-2030

Overview

Global Military Power Solutions Market reached US$ 8.8 billion in 2022 and is expected to reach US$ 15.8 billion by 2030, growing with a CAGR of 7.7% during the forecast period 2023-2030.

The military's increasing focus on reducing Size, Weight, Power and Cost (SWaP-C) requirements for electronic systems, including power supplies, reflects the market's growth. The requirements are driving innovation in power supply design to meet the demands of modern military electronics. The integration of intelligence into power supplies, enabling communication, prognostics and diagnostics, is a sign of market growth. Intelligent power supplies enhance system architecture and performance, reflecting the demand for advanced solutions

While industry standards like VITA 62, VPX, VME and Compact PCI have helped streamline power supply design, customizability remains essential. The shift towards plugging customized systems into standardized power supplies has simplified integration, indicating market growth through adaptability. Its demand is driven by applications such as electric actuation, which necessitates higher voltage power supplies.

U.S. holds a major share in the military power solution market, as U.S. defense budget encompasses a wide range of activities, including discretionary and mandatory outlays by the Department of Defense, Department of Energy, Department of State and the National Intelligence Program. It comprehensive approach to defense spending further solidifies U.S.'s dominant position in the military power solution market. The largest portion of defense spending (about 32.2%) is allocated to compensate military and civilian personnel. It allocation supports a skilled workforce, which is essential for developing and maintaining military power solutions.

Dynamics

Military Power Solutions Advancements and Innovations

The military power solutions market is growing with significant advancements and innovations. Advancements in power supply technologies, such as gallium nitride and silicon carbide, contribute to market growth. The technologies improve power supply efficiency; reduce size and lower costs. Military customers' increasing demand for power supplies that provide higher voltage and reliable distribution demonstrates market growth. Its demand is driven by applications such as electric actuation, which necessitates higher voltage power supplies.

Epsilor launched its NATO 6T Li-Ion rechargeable battery in a metal case meeting the safety requirements of MIL-PRF-32565C (US Army Performance Specification) at Eurosatory 2022, which took place in Paris from June 13-17, 2022. The battery, equipped with a smart Battery Management System (BMS) with self-charging and self-balancing, was presented alongside COMBATT LiFePO4 6T NATO-standard batteries. Epsilor's 6T battery was designed as an ideal solution for military armored vehicles and autonomous ground vehicles (AGV), offering the highest energy density in its category, an extremely high life cycle and improved safety characteristics. It could undergo over 1,200 charge and discharge cycles in a typical operational profile, serving for approximately ten years with no need for maintenance or replacement.

Global Military Spending Surges

The globally growth of the military power solution market is closely tied to the significant increase in global military spending. According to the Stockholm International Peace Research Institute, world military spending reached an all-time high of US$2.24 trillion in 2022. Europe saw a substantial increase in military spending, with a 13 percent rise, marking the steepest increase in at least 30 years. Much of this increase was attributed to the Russia-Ukraine conflict, as countries in the region sought to enhance their defense capabilities.

The United States remained the world's largest military spender, accounting for 39 percent of total global military spending. The U.S. played a significant role in the increase by providing substantial financial military aid to Ukraine. Military spending in the Asia-Pacific, led by countries like China and Japan, has also been on the rise. Tensions over territorial disputes and security concerns have contributed to increased defense expenditures in the region.

Military Resource Consumption Contributes to Environmental Degradation

The military's significant resource consumption, including metals, rare earth elements, water and hydrocarbons, contributes to resource scarcity and environmental degradation. It resource-intensive nature of military operations diverts valuable resources away from civilian needs and sustainability efforts. Military activities, such as weapons testing and training, can cause pollution through the release of chemicals, noise and emissions. Deliberate attacks on industrial or energy facilities can also result in pollution, affecting air and water quality.

Military activities, such as weapons testing and training, can cause pollution through the release of chemicals, noise and emissions. Deliberate attacks on industrial or energy facilities can also result in pollution, affecting air and water quality. High levels of military spending divert resources away from addressing environmental challenges and sustainable development goals. It diversion hinders efforts to combat environmental issues, such as climate change and resource conservation.

Segment Analysis

The global military power solutions market is segmented based on type, source, application and region.

Fuel Cells Revolutionize Military Power Solutions: High Power Density and Versatility

Fuel cells hold significant segmentation in the military power solution market due to their potential to meet the demanding requirements of military applications. Fuel cells have the potential to offer high power density and energy density, making them suitable for a wide range of military applications. It is crucial for meeting the power demands of modern Dismounted Soldier System (DSS) technologies. Fuel cells can provide power at levels that are competitive with or even superior to conventional technologies.

SFC Energy AG and FC TecNrgy Pvt Ltd have received a major order from the Indian Defence Forces to supply 450 portable methanol fuel cell systems. The initial contract value for this order is more than EUR 16 million and it includes the supply of the systems over one year and the servicing and maintenance of the systems over a period of five years. The portable fuel cell systems are intended for use by infantry and special forces units for tasks such as parallel charging of multiple batteries and powering sensors, surveillance and communication systems.

Geographical Penetration

North America Dominates Military Power Solution Market: U.S. Leads with Largest Defense Budget

North America holds a major share in the military power solution market, as according to "The Peter G. Peterson Foundation" report United States has the largest defense budget globally, accounting for nearly 40 percent of military expenditures by countries globally in 2022. It massive defense spending surpasses that of the next 10 countries combined. In 2022, U.S. defense spending increased by US$ 71 billion, reaching US$ 877 billion. U.S. will still be spending a considerable percentage of its GDP on defense. The 50-year average spending on defense is 4.3 percent of GDP, highlighting the historical commitment of United States to its military capabilities.

The U.S. defense budget encompasses a wide range of activities, including discretionary and mandatory outlays by the Department of Defense, Department of Energy, Department of State and the National Intelligence Program. It comprehensive approach to defense spending further solidifies U.S.'s dominant position in the military power solution market. The U.S. military continues to invest in research and development, seeking innovative solutions to enhance its military power.

Competitive Landscape

The major global players in the market include: Eaton, Electro, Aero, Beta Technologies, Electra.aero, True Blue Power, AeroVironment, H3 Dynamics, SkyCharge Technology, Battery Masta and ABB.

COVID-19 Impact Analysis

COVID-19 made a significant impact on the military power solution market the increased demand for military power solutions, particularly those related to medical equipment and facilities. Militaries globally mobilized their medical expertise and resources to combat the spread of the virus. It included the production of medical supplies, ventilators and other essential equipment by military factories in various countries.

Many militaries set up field hospitals and temporary medical facilities to handle the surge in COVID-19 patients. The facilities required power solutions capable of providing electricity for lighting, heating or cooling, medical equipment and data communication. Military factories in some countries shifted their production to manufacture medical supplies and equipment, including power solutions. Its adaptation allowed for the production of critical power-related components such as batteries, power converters and generators to support healthcare efforts.

Russia-Ukraine War Impact

The Russia-Ukraine war made a significant on the military power solution market, the war has demonstrated the importance of software-defined warfare and the integration of artificial intelligence (AI) into military systems. AI-enabled software has been used to improve the performance of legacy military hardware, making them more effective in combat situations. Its trend has implications for the military power solutions market, as there is a growing need for advanced software and AI technologies.

Private companies, including tech firms, have played a significant role in supplying technology and cyber support to both sides of the conflict. Its involvement highlights the importance of private-sector partnerships in military technology development and deployment. Companies providing high-tech solutions have gained prominence in the military power solutions market.

By Type

• Portable
• Non-Portable

By Source

• Battery
• Generators
• Fuel Cell
• Renewable Energy
• Other

By Application

• Air
• Land
• Water

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• In May 2022, Epsilor launched its NATO 6T Li-Ion rechargeable battery, featuring a metal case that met the safety requirements of MIL-PRF-32565C (US Army Performance Specification). The unveiling took place at the Eurosatory 2022 show in mid-June in Paris. Epsilor's 6T battery was equipped with a smart Battery Management System (BMS) with self-charging and self-balancing capabilities, making it an ideal solution for military armored vehicles and autonomous ground vehicles (AGV).
• In May 2023, Renewable Innovations Inc. delivered its Mobile Power Generator (MPG) to US military, marking a significant milestone in the field of clean and portable power solutions. The MPG represented a groundbreaking hydrogen-based all-in-one mobile rapid power system with Grid-tie capability, featuring 180 kWh of battery reserves, over 40 kgs of onboard hydrogen and BEV Rapid charging. It compact and innovative system utilized General Motors' hydrogen fuel cells and electric vehicle (EV) batteries to provide grid-free and diesel-free mobile power generation.
• In April 2023, New Use Energy Solutions (NUE) announced the launch of its SunCase line of portable solar-first battery generators, designed to provide a reliable power source in challenging operating environments. The generators featured professional-grade lithium power and robust casings for durability. NUE aimed to create a solar generator suitable for challenging and remote locations, such as disaster-stricken areas or war zones. The SunCase solar battery generator could be charged from various sources, including solar panels, grid power and portable gas generators. Its pure sine wave output ensured the protection of even the most sensitive equipment.

Why Purchase the Report?

• To visualize the global military power solutions market segmentation based on type, source, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of military power solutions market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global military power solutions market report would provide approximately 61 tables, 58 figures and 197 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies