Market Share of Military Power Solutions Industry
The military power solutions market is semi-consolidated in nature. Some of the key players in the market are EnerSys, RTX Corporation, Cummins Inc., SAFT Groupe SAS, and SFC Energy AG. Many small/domestic companies occupy a relatively small market share.
The manufacturers of military power solutions are continually looking for ways to develop power solutions considering the rules and regulations set by the various defense authorities worldwide. Players focus on developing innovative and sophisticated portable energy solutions with high power density to address various military applications' ever-growing complex and demanding power requirements. This would help them gain new contracts from the militaries and expand their market share during the forecast period. For instance, in September 2023, EnerSys was selected to supply its thin plate pure lead batteries to the US Navy as primary storage on all four US Navy Nuclear submarine classes.
Military Power Solutions Market Leaders
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Enersys
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Cummins Inc.
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SAFT Groupe SA
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RTX Corporation
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SFC Energy AG
*Disclaimer: Major Players sorted in no particular order
