Next Generation Military Power Supply Market Forecast Research Reports Offers Key Insights 2017 - 2025
There are several factors driving the demand for military power supplies globally. These power supplies are reliable and rugged. In addition, the military grade power supplies are engineered to have longer mean time between failures (MTBF) compared to commercial power sources. Moreover, the power supplies are designed in such a manner that an imminent system failure can be identified before the failure happens in order to take necessary measures. Furthermore, the military power supplies have to meet the quality regulations in terms of design and specification in order to be exceptionally reliable. Going further, these power supplies are able to withstand extreme conditions such as water corrosion, electromagnetic interference and excessive heat. In addition, these power supplies support a wide range of electronic devices and include three modes of operation: normal, abnormal and emergency as per the situation. Moreover, the military power supplies are adaptable everywhere and be used with any voltage rating across the globe. In addition, these power supplies can also be used for commercial applications which are operated in harsh conditions. Another factor driving the demand for military power supplies is the operational safety associated with it. These power supplies are designed in such a manner that they can prevent complications arising from accidental contact with exposed power supplies such as strips or bars while operating in water sources. These factors are primarily driving the demand for military power supplies globally.
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However, a major restraint hindering the growth of the market is the cost of these military grade power supplies. Nevertheless, the ongoing technological innovations are expected to lower the price of the components in future. This is expected to lower the overall price of the military power supplies significantly.
The global market for military grade power supplies has been segmented by product types and geography. By types the military power supplies market can be segregated into AC to DC power supplies, DC DC power supplies and EMI filtering among others. AC DC power supplies segment is expected to witness robust growth owing to their extensive demand in North America and European region. Furthermore, the EMI filtering solutions is expected to witness robust growth over the forecast period owing to the smaller size compared to other brick filter modules. Furthermore, the product is packaged on a PCB module to compliment the commercial off the shelf (COTS) DC DC modules. These factors are expected to drive the demand significantly during the forecast period.
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By geography, the global next generation military power supplies market can be bifurcated into five strategic regions which include North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America and Europe is expected to dominate the market during the forecast period. The regions include developed economies which include the U.S., the U.K., Germany and France among others who are constantly focusing on upgrading their defense capabilities. Furthermore, these regions are also the early adapters of new technology. Hence the regions are expected to drive the demand for next generation military supplies significantly. However, Asia Pacific has been identified to be one of the most attractive regions during the forecast period. The region hosts developing economies such as India and China which are investing heavily towards their defense capabilities. Hence the region is expected to witness robust growth during the forecast period.
The leading players in the global next generation military power supplies market include XP Power, Advanced Conversion Technology, Prime Power, Eaton Corporation and Aegis Power Systems, inc. among other emerging players.
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