Next Generation Military Power Supply Market Global Industry Analysis, Demand, Growth Drivers, Trends and Opportunities Assessment till 2026

The next generation power supply market is witnessing significant advancements due to the rapidly-changing technologies in the power industry. Power supply markets around the world are experiencing a major change with rapid rise in adoption of next generation power supply such as renewable energy and micro grids. The military sector demands highly reliable power supply systems since military operations are characterized by durability, reliability, and ruggedness. The global market for next Generation Military Power supply is forecast to quickly grow to US$ 20,111.7Mn by 2026 from US$ 12,882.5Mn in 2017, recording a CAGR of 5.2%.

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Next generation power supply is being widely adopted in the military sector due to its advantageous features such as the ability to perform seamlessly in a variety of intense climates and harsh terrains. Also, it is capable of ensuring long cycles of use with minimal maintenance. Growing need to protect sensitive data from grid power instability & downtime issues is driving the global next generation military power supply market. Over the past few years, there has been a significant adoption of Commercial Off- The-Shelf (COTS) technology which is favoring adoption of next generation military power supply.

The next generation military power supply service market has been segmented on the basis of type, components, system type, end-use, and geography. On the basis of type, the market is segmented into programmable and non-programmable types. In 2017, programmable segment accounted for maximum market share. This is because a programmable power supply system is capable of supporting more than the single or dual power outputs. The voltage and current of programmable power supply is capable of being adjusted over a wide range.  It can also have multiple outputs to power multiple circuits across the system.

In terms of components, the market is classified into hardware and software. The hardware segment is further sub-categorized into DC/AC convertor, AC/DC convertor, DC/DC convertor, EMI filters and others (Inductors, Transformers, etc.). In 2017, the AC/DC convertor segment accounted for nearly half of the total market share followed by DC/AC convertor. This is mainly due to strong revenue growth in power supplies for military communication devices and electronic components. There are several applications of AC-DC power supplies in the military sector including computers, televisions, cell phone chargers, alarms, and other electronic consumer devices. They are also used in military equipment that use DC motors.

Global Next Generation Military Power Supply Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred. Further, for this report we have specifically focused on data from global defense budgets, military spending on power supply, and developments in next generation power supply among others. 

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Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the next generation military power supply market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel. 

Global Next Generation Military Power Supply Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global next generation military power supply market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as next generation military power supply investment & spending and developments by major players of the market are tracked. Some of the key players in the next generation military power supply market are XP Power, Advanced Conversion Technology, Eaton Corporation, Aegis Power System, Inc., TDK-Lambda Americas, Inc., Abbott Technologies, AGMA Power Systems Ltd., Energy Technologies Inc., Synqor, Inc., AJ’s Power Source Inc., Prime Power Inc., Power box International AB, Milpower Source, Astrodyne TDI Power Supplies & EMI Filters and Mitsubishi Electric Corporation. 

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