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(Transportation-News.com, June 25, 2018 ) Global Military Power Solutions Market was valued at USD 6.44 Billion in the year 2017. Global Military Power Solutions market is further estimated to grow at a CAGR of 10.26% from 2018 to reach USD 11.57 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level U.S is projected to grow strongly in the coming years.
SFC Energy AG (Germany), Denchi Power Ltd. (U.K.), Enersys (U.S.), Eaglepicher Technologies (U.S.), Raytheon Company (U.S.), Saft (France), Advanced Conversion Technology, Inc. (U.S.), Energy Technologies, Inc. (U.S.), Arotech Corporation (U.S.), Concorde Battery Corporation (U.S.), are some of the key players in the Global Military Power Solutions market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Drivers:
Development in Modern Warfare Systems
Restraints:
Changing Military Regulations in different regions
Opportunities:
Rising awareness and need for Renewable sources of Energy
Challenges:
Multiple output requirements and power density
The major shares of the market comes from Land segment, by platform in Global Military Power Solutions Market. On the other hand, Medium power, by power for this market is expected to grow at highest CAGR during years 2018-2023.
Key Benefits for Stakeholders
Military Power Solutions Manufacturers,
Service Providers and Power Solutions Distributors.
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By Power
High Power
Medium Power
Low Power
By Platform
Air
Land
Naval
By Source
Solar Power
Generators
Batteries Engine
Energy Harvesters
Fuel Cells
By Region
North America
Europe
Asia-Pacific
RoW
Key Market Players
SFC Energy AG
Denchi Power Ltd.
Enersys
Eaglepicher Technologies
Raytheon Company
Saft
Advanced Conversion Technology, Inc.
Energy Technologies, Inc.
Arotech Corporation
Concorde Battery Corporation
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