Military Power Solutions Market Report by Type (Portable, Non-Portable), Source (Batteries, Generators, and Others), Wattage (Low Power, Medium Power, High Power), Application (Air, Land, Naval), and Region 2024-2032

Military Power Solutions Market Report by Type (Portable, Non-Portable), Source (Batteries, Generators, and Others), Wattage (Low Power, Medium Power, High Power), Application (Air, Land, Naval), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5138
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Market Overview:

The global military power solutions market size reached US$ 9.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 9.1 Billion
Market Forecast in 2032
US$ 13.4 Billion
Market Growth Rate 2024-2032 4.3%


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.

Global Military Power Solutions Market

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. 

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group 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 2024-2032. 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:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Low Power
  • Medium Power
  • High Power
     

Breakup by Application:

  • Air
  • Land
  • Naval
     

Breakup by Region:

 

 
 

 

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  • 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, Eniquest, Himoinsa (Yanmar Company), Raytheon Technologies Corporation, Saft (TotalEnergies SE) and SFC Energy AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Source, Wattage, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arotech Corporation, Concorde Battery Corporation, Cummins Inc., Denchi Group Ltd., EaglePicher Technologies, EnerSys, Eniquest, Himoinsa (Yanmar Company), Raytheon Technologies Corporation, Saft (TotalEnergies SE), SFC Energy AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global military power solutions market was valued at US$ 9.1 Billion in 2023.

We expect the global military power solutions market to exhibit a CAGR of 4.3% during 2024-2032.

The rising deployment of troops in isolated regions, along with the growing demand for maintenance-free power solutions to reduce operating cost, is primarily driving the global military power solutions market.

The sudden outbreak of the COVID-19 had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units of military power solutions.

Based on the type, the global military power solutions market can be bifurcated into portable and non-portable. Currently, non-portable holds the majority of the total market share.

Based on the wattage, the global military power solutions market has been segmented into low power, medium power, and high power. Among these, medium power currently exhibits a clear dominance in the market.

Based on the application, the global military power solutions market can be divided into air, land, and naval. Currently, land accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global military power solutions market include Arotech Corporation, Concorde Battery Corporation, Cummins Inc., Denchi Group Ltd., EaglePicher Technologies, EnerSys, Eniquest, Himoinsa (Yanmar Company), Raytheon Technologies Corporation, Saft (TotalEnergies SE) and SFC Energy AG.

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Military Power Solutions Market Report by Type (Portable, Non-Portable), Source (Batteries, Generators, and Others), Wattage (Low Power, Medium Power, High Power), Application (Air, Land, Naval), and Region 2024-2032
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