Military Power Solutions Market Research Report: Information By Type (Portable and Non-Portable), Source (Batteries Engine, Generators, Fuel Cells, Solar Power and Energy Harvesters), Platform (Air, Marine and Ground), Wattage (Low Power, Tactical Medium Power and High Power) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2027
Market Forecast
Global Military Power Solutions Market is projected to register a CAGR of 9.01% from 2020 to 2026. The rapidly growing need for durable and maintenance-free power sources and rising defense electronics budget across the world has significantly contributed to the expansion of the Military Power Solutions Market . Furthermore, increasing initiatives undertaken by the government of countries such as the US for the development of advanced military power solutions are also expected to drive the growth of the market. For example, in March 2020, the Pentagon awarded development contracts to X-energy, LLC, for USD 14.3 million to begin a two-year engineering competition for designing a small nuclear microreactor that is intended to be deployed outside the US.
However, issues in generating high output power and the high initial cost of deployment might hamper the growth of the global market for military power solutions.
Market USP
Increasing technological advancements in military power solutions such as solar power, nuclear power batteries, and fuel cells are expected to drive the growth of the military power solutions market.
Growth Opportunities in the Market
Portable segment to register the higher growth rate: The portable segment is expected to register the higher CAGR during the forecast period, 2020 to 2026. The rising demand for portable batteries and other defense electronics due to the increasing number of military vehicles across the world is expected to drive the growth of the segment in the global market.
Sample PDF @ https://www.marketresearchfuture.com/sample_request/10310
Fuel cells segment is expected to be the fastest growing: The fuel cells segment is expected to grow with the highest CAGR during the study period, 2020 to 2026. The benefits offered by fuel cells, such as high durability and high capacity of storage, are expected to drive the growth of the segment.
Ground segment is expected to register the highest CAGR: the ground segment is expected to grow at the highest CAGR during the study period. This growth can be attributed to factors such as the increase in the demand for military power solutions for military base camps and military vehicles. Manufacturers are currently focusing on developing military power solutions that are more reliable and efficient.
Medium power segment to register the highest growth rate: The medium power segment is expected to register the highest CAGR during the forecast period, 2020 to 2026. Rising procurement of defense vehicles, tanks, and other defense systems, increasing number of military operations, and increasing budget allocations of developing economies are expected to drive the growth of the segment in the global market.
Key Players
- Cummins Inc. (US)
- Schaefer, Inc. (US)
- Gresham Power Electronics Limited (UK)
- Raytheon Technologies Corporation (US)
- Saft Groupe S.A. (France)
- Enersys Inc. (US)
- Arotech Corporation (US)
- SFC Energy AG (Germany)
- Eaglepicher Technologies, LLC (US)
- Denchi Power Ltd. (UK)
Other Prominent Players
- Advanced Conversion Technology, Inc. (US)
- Concorde Battery Corporation (US)
- Energy Technologies, Inc. (US)
- Eniquest (Australia)
- Himoinsa (Spain)
- Digital Power Corporation (US)
Check Discount @ https://www.marketresearchfuture.com/check-discount/10310
Table Of Contents
- Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Military Power Solutions Market, By Type
1.1.2. Global Military Power Solutions Market, By Source
1.1.3. Global Military Power Solutions Market, By Platform
1.1.4. Global Military Power Solutions Market, By Wattage
1.1.5. Global Military Power Solutions Market, By Region
- Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
- Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
- Market Insights
- Market Dynamics
5.1. Introduction
5.2. Drivers
5.2.1. Increasing Demand For Portable Power Solutions
5.2.2. Growing Emergence Of Modern Warfare Techniques
5.2.3. Rising Defense Electronics Budget
5.2.4. Drivers Impact Analysis
5.3. Restraints
5.3.1. Issues Related To Inefficiency To Generate High Output Power
5.3.2. High Initial Cost Of Deployment
5.3.3. High Cost Of Thermoelectric Materials
5.3.4. Stringent Military Regulations
5.3.5. Restraints Impact Analysis
5.4. Opportunities
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
Related Links @
- Air Cargo Market Research Report: Information by Type (Air Freight and Air Mail), Service (Express and Regular), Destination (Domestic and International), End User (Retail, Food & Beverages, Pharmaceutical and Healthcare, Consumer Electronics, Automotive and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) – Forecast till 2027
- Global Aircraft De-Icing Market Research Report: Information by Equipment (De-Icing Trucks, Sweepers and others), Fluid Type (Type I, Type II, Type III and Type IV), Application (Commercial and Military) and Region (North America, Europe, Asia-Pacific and Latin America, Middle East and Africa) – Forecast to 2027
- Global Aviation Fuel Market: Information by Fuel Type (Jet Fuel, Avgas, Biogas, CNG, LNG, and others), Application (Commercial, Military, and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) – Forecast till 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
