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Military Power Solutions Market by Type (Portable, Non-Portable), Source (Batteries, Generators, Fuel Cells, Solar Power, Energy Harvesters), Application (Air, Land, Naval), Wattage (Low, Medium, and High Power) and Region - Global Forecast to 2022

Military Power Solutions Market: Global Forecast until 2022

  • March 2017
  • 163 pages
  • ID: 4813667
In this report:
The non-portable segment of the military power solutions market in North America is expected to grow from ##,##.## million in 2016 to USD ##,##.## million by 2022, at the highest CAGR of ##.##% from 2016 to 2022.
The non-portable segment of the military power solutions market in North America is expected to grow from USD ##,##.## million in 2016 to USD ##,##.## million by 2022, at a CAGR of ##.##% during the forecast period

Summary

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"Increasing defense electronics budget is anticipated to be one of the top factors projected to drive the sector"

The military power solutions market is estimated to grow ~$9.0B by 2022, at a compound annual growth rate of ~9.1 percent during the forecast period. Factors, including requirement for durable and maintenance free power sources power solution for military is predicted to push the rise of the military power solutions market.

"The portable segment is anticipated to witness more considerable increase during the estimate period"

The portable segment is anticipated to witness more significant rise, due to the growing demand for portable power sources in applications, including soldiers, UAVs, and vehicles, among others. Military forces across the globe demand compact sources of power that can provide high energy density for a longer time-period. The power sources should also be safe and rugged to withstand the harsh environment.

"The fuel cells segment is forecasted to witness more important increase during the outlook period."

Fuel cells are being used extensively in the battlefield. These cells are replacing the batteries and generators due to their benefits, including safety, reliability, noise-reduction, and high energy density. Fuel cells are used in different applications, including soldiers, UAVs, and ground vehicles, among others.

"North America continent is forecasted to be the largest industry for military power solutions in 2016"

North America (NA) is anticipated to be the biggest market for military power solutions, due to the high defense spending by the U.S. Increasing demand for lightweight and energy efficient power sources is anticipated to fuel the industry for military power solutions in the territory. Top actors are making significant investments in industry research and development to expand advanced military power solutions.

Some of the main manufacturers and suppliers of military power solutions in this area contain Raytheon Company, Arotech Corporation, Advanced Conversion Technology, Incorporated, Concorde Battery Corporation, and Energy Technologies, Incorporated, among others.

Distribution of profile of primary members taking part in the military power solutions market:

- By Company Type - Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and 1/3 3 - 20.0 percent

- By Description - C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

- By area - North america (NA) - 45.0 percent, Europe - 20.0 percent, Asia-Pacific - 30.0 percent, RoW - 5.0 percent

Main firms decribed in the study contain Arotech Corporation, SAFT Groupe SA, SFC Energy AG, Concorde Battery Corporation, and Energy Technologies, Incorporated, among others.

Segment Research

This market report classifies the military power solutions market established on category, source (batteries, generators, fuel cells, solar power, energy harvesters), application (air, land, naval), wattage (low, medium, and high power) and maps these segments and sub-segments across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe

Why acquiring this study can help you:

From an insight prospect, this market research highlights on different levels of analyses - industry study, market share research of top players, company descriptions, coming out and high-growth segments of the market, high-growth areas, and sector drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on military power solutions provided by key players in the sector

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the military power solutions market

- Industry development: Highlighted information about lucrative industries - the market research examines the industries for military power solutions across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the military power solutions market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the military power solutions market

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