The global military power solutions market size reached USD 9.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.11% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 9.5 Billion |
Market Forecast in 2033
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USD 13.8 Billion |
Market Growth Rate 2025-2033 | 4.11% |
Military power solutions are devices used to power military machinery and equipment, ranging from small electronic gadgets to large military vehicles across air, land, and sea. They comprise batteries, fuel cells, energy harvesters, generators, and solar power cells to support higher voltages and lower input signals as compared to commercial power supplies used by military hospitals and air traffic control facilities. They assist specific and standard voltage ranges for power continuity, control and effective operations. In addition, they handle vibration and shock caused by tracked and wheeled military vehicles with the impact of artillery fire.
Due to the deployment of troops at isolated regions, there is a rise in the demand for durable military power solutions across the globe. This, along with the growing demand for maintenance-free power solutions to reduce operating costs, represents one of the key factors driving the market. Moreover, there is an increase in the demand for portable power solutions for being used at any location. This, coupled with the rising defense budget to facilitate the military troops and machinery, is propelling the growth of the market. In addition, the escalating demand for military drones to carry out counterterrorism strikes and surveillance is positively influencing the market. Besides this, the increasing utilization of soundless power solutions to power electronics and drones without revealing the area of the outposts is offering lucrative growth opportunities to manufacturers. Additionally, governments of several countries are taking initiatives for upgrading defense equipment. This, coupled with extensive investment in research and development (R&D) activities to develop innovative military power products by leading players, is projected to augment the overall sales.
IMARC Group provides an analysis of the key trends in each sub-segment of the global military power solutions market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, source, wattage and application.
Breakup by Type:
Breakup by Source:
Breakup by Wattage:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arotech Corporation, Concorde Battery Corporation, Cummins Inc., Denchi Group Ltd., EaglePicher Technologies, EnerSys, Eniquest, Himoinsa (Yanmar Company), Raytheon Technologies Corporation, Saft (TotalEnergies SE) and SFC Energy AG.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Source, Wattage, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Arotech Corporation, Concorde Battery Corporation, Cummins Inc., Denchi Group Ltd., EaglePicher Technologies, EnerSys, Eniquest, Himoinsa (Yanmar Company), Raytheon Technologies Corporation, Saft (TotalEnergies SE), SFC Energy AG. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The military power solutions market was valued at USD 9.5 Billion in 2024.
We expect the global military power solutions market to exhibit a CAGR of 4.11% during 2025-2033.
The rising deployment of troops in isolated regions, along with the growing demand for maintenance-free power solutions to reduce operating cost, is primarily driving the global military power solutions market.
The sudden outbreak of the COVID-19 had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units of military power solutions.
Based on the type, the global military power solutions market can be bifurcated into portable and non-portable. Currently, non-portable holds the majority of the total market share.
Based on the wattage, the global military power solutions market has been segmented into low power, medium power, and high power. Among these, medium power currently exhibits a clear dominance in the market.
Based on the application, the global military power solutions market can be divided into air, land, and naval. Currently, land accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global military power solutions market include Arotech Corporation, Concorde Battery Corporation, Cummins Inc., Denchi Group Ltd., EaglePicher Technologies, EnerSys, Eniquest, Himoinsa (Yanmar Company), Raytheon Technologies Corporation, Saft (TotalEnergies SE) and SFC Energy AG.