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Global Military Power Solutions Market Research Report Forecast to 2030
The global military power solutions market experienced a valuation of USD 3,391 million in 2021 and is projected to reach USD 6,259 million by 2030, with a CAGR of 6.7% during the period from 2022 to 2030.
Military power solutions encompass various devices used to provide power to military machinery and equipment, ranging from small electronic gadgets to large vehicles used in air, land, and sea operations. These solutions include batteries, fuel cells, energy harvesters, generators, and solar power cells, designed to support higher voltages and lower input signals compared to commercial power supplies used in civilian facilities. They ensure power continuity, control, and efficient operations by meeting specific voltage requirements and handling vibrations and shocks caused by military vehicles and artillery fire.
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USD 3.4 billion in 2020
Type, Source, Platform, Wattage, and Region
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Military power solutions are crucial for powering isolated outposts, electronic gadgets, machinery, and military drones or UAVs. The prominent power solutions utilized globally are batteries, generators, and solar power cells. Manufacturers of military power solutions focus on developing products that comply with regulations set by defense authorities.
The COVID-19 outbreak has had a profound impact on various industries, including the power sector. Delays in payments and financial deficits have significantly affected government-owned distribution businesses. Lockdowns have presented unprecedented challenges worldwide, leading to long-term consequences that may impede industrial growth.
Factors such as increasing awareness of environmental harm caused by fossil fuels, government initiatives promoting clean energy adoption, efforts to reduce carbon emissions, and rising consumer interest in green energy are expected to drive the growth of the global military power solutions market.
The demand for portable power supply solutions, driven by their lightweight, small size, versatility, safety, and low maintenance features, is anticipated to boost the global military power solutions market. Additionally, the need for high-endurance and high-density electrical power to enhance military missions will contribute to market growth.
Rapid industrialization and urbanization in developing countries will also drive the demand for renewable energy sources such as geothermal and solar energy during the forecast period.
However, the cost of development poses a significant challenge to the growth of the global military power solutions market. Rising raw material costs increase the final product’s expenses, limiting the adoption of military power solutions by defense forces.
The global military power solutions market is growing steadily due to the rising demand for durable and maintenance-free power solutions, increasing need for portable power solutions, and a growing defense electronics budget. Manufacturers of these solutions prioritize compliance with defense authorities’ regulations during product development. The value chain analysis for the military power solutions industry consists of four key components: R&D, manufacturing, distribution & sales, and post-sales follow-ups.
The market is segmented based on various factors, including type, source, platform, wattage, and region.
Segmentation by Type
Segmentation by Source
Solar Power and Energy Harvesters
Segmentation by Platform
Segmentation by Wattage
Tactical Medium Power
Segmentation by Geography
North America – US, Canada
Europe – Netherlands, Germany, France, UK, Italy, Spain, Sweden, Finland, Belgium, Rest of Europe
Asia-Pacific – China, Japan, India, Rest of Asia-Pacific
Middle East & Africa
The military power solutions market is categorized into two types: portable and non-portable. In 2021, the non-portable segment dominated the market and is expected to maintain its position during the review period. However, the portable segment is projected to exhibit the highest compound annual growth rate (CAGR) from 2022 to 2030. Non-portable power solutions encompass AC and DC power supplies, generators, batteries, power distribution units, and other equipment. Military applications require power supply solutions that can withstand demanding electrical and climatic conditions, adhere to strict military regulations such as MIL STD 810 and MIL STD 1399, and function in tough environments. Major applications of non-portable power solutions include Command, Control, Communications, Computers (C4), Intelligence, Surveillance and Reconnaissance (ISR) (C4ISR), armored and tactical vehicle platforms, unmanned ground vehicles (UGV), and other devices.
The most prominent military power solutions used globally are batteries, generators, and solar power cells. Based on the source of power, the military power solutions market is segmented into batteries, generators, fuel cells, solar power, and energy harvesters. Many major military countries worldwide are shifting towards clean power sources, thereby driving the growth of the military power solutions market. For example, the United States Army published its first climate strategy in 2022, aiming to prepare for conflicts arising from global warming. The strategy includes goals such as developing electric combat vehicles by 2050, electrifying noncombat vehicles by 2035, reducing emissions by 50% by 2030, and using 100% carbon-pollution-free electricity at army sites by 2030. The army is also implementing renewable energy projects, with Fort Hunter Liggett in California serving as a net-zero energy experimental location.
The global military power solutions market is further divided into air, marine, and ground segments. These solutions find applications in a wide range of military equipment, including fighter aircraft, military radars, airborne radars, shipborne radars, military communications equipment, digital flight data recorders, onboard computers, inertial navigation systems, IFF systems, satellite terminals, aircraft LRUs, air defense weapon systems, and others.
By wattage, the military power solutions market is segmented into low power, medium power, and high power. The low power segment is anticipated to demonstrate the highest CAGR during the assessment period. Meeting the stringent standards for size, weight, and power of portable military equipment requires careful design and selection of features, components, hardware management, software, and power-efficient displays. The increasing use of portable devices is expected to drive the growth of the low power segment in the global military power solutions market. Therefore, electronic systems and applications must be designed with low power consumption to maximize performance while minimizing space and weight.
North America currently holds the largest market share, primarily driven by the rising demand for military power solutions in the United States. The deployment of US troops across various regions as a result of international conflicts contributes to the region’s growing revenue share. Portable power solutions are essential for supplying continuous or emergency power to military camps and command units with diverse portable equipment. Additionally, the military’s growing need for modern power systems to operate machinery on different ground, air, and sea platforms is expected to drive market expansion in the coming years.
The Asia-Pacific region is experiencing the fastest growth in the military power solutions market. The increasing defense expenditure of countries such as China, Japan, and India is driving the demand for military power solutions in the region. In particular, the Chinese market is projected to witness significant expansion.
The global market for Military Power Solutions is expected to experience robust growth in the foreseeable future. This growth can be attributed to several factors, including the increasing demand for portable power supply solutions, the growing need for modern warfare techniques, and the rising defense electronics budget.
Prominent companies operating in the global Military Power Solutions market include Cummins Inc (US), Gresham Power Electronics Limited (UK), EaglePicher Technologies (US), Enersys (US), SAFT (France), Schaefer, Inc. (US), Arotech Corporation (US), SFC Energy AG (Germany), Raytheon Technologies Corporation (US), and GS Yuasa Corporation (Japan). These key players play a significant role in shaping the industry landscape and driving innovation within the market.
Recent Industry Developments
Collins Aerospace, a division of Raytheon, has recently developed a new power module designed for open architecture programs. This power module is specifically geared towards radar systems, signal processors, mission computers, and aircraft communication. It provides up to 800 watts of power without the need for additional filtering hardware, making it ideal for platforms operating in challenging environments with limited space, weight, and power requirements. The Collins 3Phase 3U power module was introduced in February 2022.
Saft, a subsidiary of TotalEnergies, has unveiled Seanergy 2.0, a new lithium-ion (Li-ion) battery system for fully electric and hybrid ships. This marine battery aims to assist ship owners in reducing fuel costs, as well as lowering CO2 and NOx emissions and minimizing air pollution, all without sacrificing performance or incurring excessive costs. The introduction of Seanergy 2.0 took place in June 2022.
Enersys proudly announced the successful integration of its ABSL Lithium-ion (Li-ion) batteries into the launch of the James Webb Space Telescope by the National Aeronautics and Space Administration (NASA). The James Webb Space Telescope, a collaborative project between NASA, the European Space Agency (ESA), the Canadian Space Agency (CSA), and Northrop Grumman, serves as a replacement for the renowned Hubble Space Telescope. This integration occurred in December 2021.
Cummins has completed its acquisition of Meritor, Inc. With the integration of Meritor’s expertise, products, and personnel in axle and brake technology, Cummins now stands as a prominent provider of integrated powertrain solutions in both internal combustion and electric power applications. The acquisition concluded in August 2022.
Key Questions Answered
Which segment is the driving force behind the market?
The nonportable segment is expected to be the key driver of the market.
What is the market’s growth potential?
The global Military Power Solutions market has a significant growth scope, with an estimated value of USD 6,258.5 Million by 2030 and a projected compound annual growth rate (CAGR) of 6.7% during the forecast period.
Which segment is projected to have the highest CAGR?
The ground segment is expected to achieve the highest compound annual growth rate (CAGR) during the forecast period. This can be attributed to the growing demand for military power solutions in military base camps and vehicles.
Which segment is anticipated to be the fastest-growing in the global Military Power Solutions Market?
The fuel cells segment is anticipated to be the fastest-growing segment in the global market for Military Power Solutions.
Which region is driving the market’s success?
The North American region is expected to lead the market for Military Power Solutions during the forecast period.
What factors can limit the expansion of the global market?
The expansion of the global market for Military Power Solutions may be limited by stringent military regulations and the high initial cost of development.