How big is the Military Power Solutions Market?

The Military Power Solutions Market size is expected to reach USD 7.77 billion in 2024 and grow at a CAGR of 7.75% to reach USD 11.28 billion by 2029. Read More

What is the current Military Power Solutions Market size?

In 2024, the Military Power Solutions Market size is expected to reach USD 7.77 billion. Read More

Who are the key players in Military Power Solutions Market?

Enersys, Cummins Inc., SAFT Groupe SA, RTX Corporation and SFC Energy AG are the major companies operating in the Military Power Solutions Market. Read More

Which is the fastest growing region in Military Power Solutions Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Power Solutions Market?

In 2024, the North America accounts for the largest market share in Military Power Solutions Market. Read More

What years does this Military Power Solutions Market cover, and what was the market size in 2023?

In 2023, the Military Power Solutions Market size was estimated at USD 7.17 billion. The report covers the Military Power Solutions Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Power Solutions Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Power Solutions Market - Size, Share & Growth Analysis

Military Power Solutions Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Military Power Solutions Market is Segmented by Type (Portable and Non-Portable), Source (Batteries, Generators, and Other Sources), Platform (Air, Land, and Sea), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Military Power Solutions Industry Overview

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.