Military Power Solutions Market Size, Trends and Future Forecast Report by Competitor Segment till 2025
In the modernized military systems, highly efficient and reliable power sources are required to function amidst intense operations as well as harsh conditions. The power generators should be completely reliable and possess the capability of running 24 hours a day, and 7 days a week. The generator must be able to function at below minus 45 degrees Celsius and perform reliably as well as with high efficiency up to over 55 degrees Celsius even at 3000 meters above sea level. There shouldn’t be any adverse effect of sandstorms, rain or snow on generator. Also, there should be low acoustic, electronic and thermal signatures. It is vital to have easy access for maintenance and a long operational life is required with comprehensive first rate support.
Market Scenario:
The global military power solutions market can be classified based on type. source, application wattage and region. On the basis of type, the global market is classified into portable and non-portable segment. Depending upon source, the global material solutions market is segmented into batteries, generators, fuel cells, and solar power. As per application, it is divided into air, land, and naval high Based on wattage, has been segmented into low, medium, and high power.
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Among the various market segments, portable segment is set to register highest growth, due to the high demand for portable power sources in numerous applications, such as soldiers, UAVs, and vehicles, among others. Also, the military forces across the world demand compact power sources that can offer high energy density for a longer duration. Fuel cells are being used repeatedly in the battlefield. These cells are substituting the batteries and generators owing to their benefits, such as noise-reduction, safety, reliability, and high energy density.
Key Players:
Advanced Conversion Technology
Arotech Corporation
Concorde Battery Corporation
Denchi Power Ltd.
Eaglepicher Technologies
LLC
Energy Technologies
Enersys Inc.
Raytheon Company
SFC Energy AG and Saft Groupe S.A.
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Among the various market segments, portable segment is set to register highest growth, due to the high demand for portable power sources in numerous applications, such as soldiers, UAVs, and vehicles, among others. Also, the military forces across the world demand compact power sources that can offer high energy density for a longer duration. Fuel cells are being used repeatedly in the battlefield. These cells are substituting the batteries and generators owing to their benefits, such as noise-reduction, safety, reliability, and high energy density.
The global Military Power Solutions Market is expected to flourish during the forecast period owing to advent of modernized warfare techniques. Moreover, there is constant requirement for durable as well as maintenance free power sources for the military sector. The increase in defense electronics budget in various emerging countries is expected to propel the growth of the military power solutions market.
Based on regions, the global Military Power Solutions Market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the Military Power Solutions Market during the forecast period.
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