Military Power Solutions Market 2022-2028

Description

List of Tables

Title:Global Military Power Solutions Market Size, Share & Trends Analysis Report by Type (Portable, and Non-portable), by Source (Batteries, Generators, and Others), and by Application (Air, Land, and Sea) Forecast Period (2022-2028).

The global military power solutions market is anticipated to grow at a considerable CAGR of 7.7% during the forecast period. The evolution of modern warfare has led to increased adoption of advanced technologies by the armed forces. This has also led to an increase in the demand for military power solutions. In addition, as communication, situational awareness, and weapon systems grow in terms of sophistication, highly power-dense systems are required to power this newer generation, of power-hungry systems. The companies are collaborating with the armed forces for the integration of new electric and alternative fuel technologies that will source military equipment with minimum emissions. Such investments are expected to accelerate the growth of the market in the coming years.

The global military power solutions market is segmented based on the type, source, and application. Based on the type, the market is segmented into portable, and non-portable. Based on the source, the market is sub-segmented into batteries, generators, and others. Other sources included fuel cells and solar power. Based on the application, the market is sub-segmented into the air, land, and sea. Among the source, the batteries segment is anticipated to grow significantly in the market during the forecast period owing to its portability, and rechargeability which has increased the mobility of the military with enhanced performance. For instance, in May 2022, a Bengaluru-based venture, Pravaig, manufactured a rugged tactical battery that is planned to sell to the North Atlantic Treaty Organization's (NATO) forces in Europe. The heavy-duty power bank is named the 'Pravaig Field Pack' and is portable and weighs 14 kg. It applies to digitally connected special forces personnel and the modern military.

Geographically, the global military power solutions market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is anticipated to grow significantly in the market during the forecast period owing to the high tension between the countries in the region over border distribution between countries such as China, India, Pakistan, and others. These countries have been battling over the borderline for years. For instance, in May 2020, Chinese and Indian troops battled over the boundary of disputed areas. Such an instance has increased the demand for military power solutions to compete in such situations.

The major companies serving the global military power solutions market include Arotech Corp., Cummins Inc., EnerSys, Raytheon Technologies Corp., Saft Groupe SAS, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2021, the US Army's Rapid Capabilities and Critical Technologies Office (RCCTO) granted an agreement to Amprius Technologies, Inc. for developing, designing, and testing new high-energy-density lithium-ion batteries for the unmanned aircraft system (UAS) which were to be deployed by the US Army.

Research Methodology

The market study of the global military power solutions market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Military Power Solutions Market Research and Analysis by Type.
Global Military Power Solutions Market Research and Analysis by Source.
Global Military Power Solutions Market Research and Analysis by Application.

The Report Covers:

Comprehensive research methodology of the global military power solutions market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global military power solutions market.
Insights about market determinants that are stimulating the global military power solutions market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026775

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Arotech Corp.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Cummins Inc.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. EnerSys
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Raytheon Technologies Corp.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Saft Groupe SAS
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Military Power Solutions Market by Type
- 4.1.1. Portable
- 4.1.2. Non-portable
4.2. Global Military Power Solutions Market by Source
- 4.2.1. Batteries
- 4.2.2. Generators
- 4.2.3. Others (Fuel Cells, and Solar Power)
4.3. Global Military Power Solutions Market by Application
- 4.3.1. Air
- 4.3.2. Land
- 4.3.3. Sea

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Advanced Conversion Technology, Inc.
6.2. Concorde Battery Corp.
6.3. Denchi Group
6.4. EaglePicher Technologies, LLC
6.5. Eniquest
6.6. Gresham Power Electronics
6.7. HIMOINSA S.L.
6.8. Schaefer, Inc
6.9. SFC Energy AG