Military Power Solutions Market Share 2022 | Growth, Research, Analysis and Global Forecast to 2027

Military Power Solutions Market Overview:

The latest research study "Military Power Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global military power solutions market reached a value of US$ 8.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.01 Billion by 2027 exhibiting a CAGR of 6.30% during 2022-2027.

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Military power solutions are devices that power military machinery and equipment, including electronic devices, isolated outposts, drones, and large military vehicles, across air, land, and sea. They use batteries, fuel cells, energy harvesters, generators, and solar power cells to support higher voltages and lower input signals than commercial power sources used by military hospitals and air traffic control centers. They manage the vibration and shock caused by tracked and wheeled military vehicles with artillery fire impact. Since they provide specific and standard voltage ranges for power continuity, control, efficacy, and operation, military power solutions are gaining immense traction across the globe.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Military Power Solutions Market Trends and Drivers:

The global military power solutions market is primarily driven by the rising deployment of troops in isolated and remote regions and the increasing need for low-maintenance power solutions to lower operating expenses. Additionally, there is a rise in demand for portable power solutions that can be employed at any location.

In line with this, the expanding defense budget to facilitate military troops and machinery has catalyzed market growth. Moreover, several favorable initiatives undertaken by governments of numerous countries to upgrade defense equipment are positively influencing the market growth. Besides this, the increasing use of noiseless power systems to power electronics and drones without revealing the location of the outposts is contributing to the market growth.

Furthermore, the surging demand for military drones to conduct surveillance and counterterrorism strikes is another major growth-inducing factor. Other factors, including ongoing research and development (R&D) activities, shifting preferences toward miniaturized power sources, and the rising need for reliable hybrid power solutions, are also anticipated to create a favorable market outlook.

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Global Military Power Solutions Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Military Power Solutions Companies:

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.

The report has segmented the market on the basis of region, 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

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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