Global Power Generator for Military Market Grow 3.4% CAGR between 2020 – 2030

Efficient and reliable source of power supply is crucial to guarantee successful operations in the military and defense sector. Consequently, the sector has emerged as a lucrative avenue for compact, low-maintenance, and possibly transportable generators that can offer continuous or emergency power supply as required.

The market offers significant scope for the implementation of improved technologies and footprint expansion. With various governments around the world increasing their military expenditure, the demand for advanced and tactical equipment will rise.

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Market experts see the ongoing trends as highly favorable for the growth of Military Power Generator Market within the military and defense sector. Future Market Insights’ (FMI) study on the subject has forecast the market to progress at 3.4% CAGR between 2020 and 2030.

Regional Analysis:

North America is currently one of the most lucrative markets for power generators globally. The region is identified as one of the most lucrative markets for portable and mobile power generators. Governments within the region continue to invest in advanced military equipment.

A considerable part of budget allocated to military expenses is spent on equipment vital for military operations. Therefore, with the rising defense budget across major nations, Europe is expected to remain one of the highly lucrative markets for power generator for military.

The market in Asia Pacific is expected to record growth at the leading space in the market. The rising demand from countries such as India, Japan, and China will bolster growth prospects for the market in the region.

Defense spending in these three countries is considerably high and they are home to most powerful forces of military in Asia Pacific. The Chinese Army for instance is the second-largest military force in the world, following the U.S. Army.

Regional Outlook

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of LATAM)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East (GCC Countries, Turkey)
• Africa (Northern Africa, South Africa)

FMI’s report on the power generator for military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats.

Some of the key takeaways from the report are:

• Market players are likely to witness attractive growth opportunities as military agencies focus on establishing integrated power systems. This will invariably fuel the demand for generators
• Hybrid generators are likely to comprise an exceptionally lucrative product category. Ensuring environment safety is high on the agenda of military agencies. They are keen on investing in fuel-efficient technologies that will also offer significant cost reduction
• Backed by increasing military spending, North America is forecast to emerge as dominant market for power generators
• While diesel will remain preferred fuel type, tightening environmental laws will boost growth prospects for natural gases as potential sources of fuel
• Demand power generators will remain significantly high in field hospitals and field camps and accommodations.

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By Segment:

Capacity

• Upto 60 KW
• 61 to 250 KW
• 251 to 500 KW
• 501 to 1000 KW
• Above 1000 KW

Output Type

• AC
• DC

Fuel Type

• Diesel
• Natural Gas

Installation Type

• Stationery
• Mobile and Portable

Application

• Communication System
• Air Defence System
• Field Hospitals
• Field Camps/Accommodation
• Lighting
• Military Vehicles
• Others

The demand for distributed energy is surging in the military sector. Its application in tactical military communication, fields, camps, and bases, field hospitals, and command systems is surging at a steady pace – a trend which is unlikely to slow down in the coming years. Power generators are therefore considered extremely crucial for hindrance-free operation within the sector.

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Also with rising troops deployment overseas, coupled with the need for various modern warfare equipment, will make power generators indispensable for the industry.

Governments across prominent countries have taken a note of this. Resultantly, their military expenditure has increased considerably. Strengthening their defense systems is their foremost priority and to achieve this they are likely to invest in robust power military power generation equipment in the coming years.

Major Key Player:

Cummins Inc., Caterpillar Inc., Rolls-Royce Holdings plc, HIMOINSA, Harrington Generators International, Teknel srl, GRUPEL S.A., VÝVOJ Martin, HITZINGER GmbH, Fischer Panda GmbH, Ascot Industrial S.r.l., GREEN POWER SYSTEMS S.r.l., Kohler Co., Kirloskar Oil Engines Ltd., and Ausonia S.r.l.