The global Power Generator For Military Market size is predicted to reach USD 1,127.1 million in 2023 and further expand at 3.6% CAGR. Total military power generator sales are set to rise at a steady CAGR between 2023 and 2033, totaling a valuation of USD 1,605.3 million by 2033.
By 2033, the top five companies are projected to hold a significant share of the military power generator industry. Based on the capacity, up to 60 KW generators are set to create lucrative growth opportunities in the global market. This is due to their portability size and instant power generation ability.
During the projection period, the global market for military power generators is predicted to increase by 1.45x times its present level.
In 2023, the global market for military power generators is expected to account for about 3% to 6% of the worldwide generator sales market. FMI estimates the global generator sales market to reach USD 32.2 billion in 2023.
The rising usage of power generators in military applications such as communication systems, field camps, military vehicles, and air defense systems is driving the global market forward.
In recent years, power generators have become essential equipment across the thriving defense and military industry due to their numerous applications. These power generators have become ideal backup power systems at military bases and other critical locations. This is due to their ability to provide a reliable power supply during a grid outage.
The increasing need for uninterrupted and reliable power sources for successful military operations is acting as a catalyst triggering the development of power generators for military industry.
Increasing spending on military and defense coupled with surging demand for advanced power generation solutions that can provide continuous and constant power supply is expected to boost military power generator sales.
Robust development of military bases in nations such as the United States, China, Russia, and Germany is expected to drive up demand for power generators for the military.
In the field, where it's difficult to transport a bulky generator to areas such as hills and water boundaries, armed forces rely on lightweight, portable generators. Hence, the growing popularity of mobile and portable generators in military applications is expected to create lucrative growth opportunities for military power generator manufacturers.
Advancements in military generators and the development of compact tactical power generators are projected to boost military power generator sales through 2033. Subsequently, shifting preference towards eco-friendly power generators is expected to bode well for the market.
Currently, diesel generators remain the top-selling category. However, with tightening environmental laws due to increasing air pollution levels, demand for natural gas generators is expected to rise at a high pace during the projection period.
Increasing usage of thermoelectric generators for specific military applications due to their compact & lightweight construction and quiet operation is expected to further boost the market.
Leading military power generator manufacturers are focusing on developing innovative power generators with better efficiency, low carbon footprint, and reduced size. They are getting new assignments and projects from several military organizations for developing customized solutions.
For instance, in order to manufacture the X-Engine platform for powering small tactical generators ranging from 2-5kW, LiquidPiston, Inc. was awarded Small Business Innovation Research contract by the United States Army.
| Attributes | Key Insights |
|---|---|
| Power Generator for Military Market Estimated Value (2023) | USD 1,127.1 million |
| Projected Market Value (2033) | USD 1,605.3 million |
| Value-based CAGR (2023 to 2033) | 3.6% |
| Dominant Application Segment | Field Camps/Accommodation |
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Various branches of the armed forces and administration are now exploring alternative, renewable energy sources. Since commercial energy sources are in short supply, the increasing investment in wind farms and military solar power generation systems is supporting market expansion.
Going forward, the increasing use of renewable energy sources on military sites may assist market development.
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 2.70% |
| Jul to Dec (H2), 2021 (A) | 2.80% |
| Jan to Jun (H1), 2022 Projected (P) | 2.90% |
| Jan to Jun (H1), 2022 Outlook (O) | 3.10% |
| Jul to Dec (H2), 2022 Outlook (O) | 3.20% |
| Jul to Dec (H2), 2022 Projected (P) | 3.40% |
| Jan to Jun (H1), 2023 Projected (P) | 3.50% |
| BPS Change: H1, 2022 (O) to H1, 2022 (P) | (+) 20 |
| BPS Change: H1, 2022 (O) to H1, 2021 (A) | (+) 40 ↑ |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | (-) 20 |
| BPS Change: H2, 2022 (O) to H2, 2021 (A) | (+) 40 |
Principal Consultant
Global sales of power generators for the military grew at a CAGR of 1.9% during the historical period from 2018 to 2022. However, according to Future Market Insights, global power generator for military demand is set to rise at a steady CAGR of 3.6% between 2023 and 2033.
The demand for distributed energy is increasing notably in the military sector. This trend is projected to continue over the coming years in tactical military communications, battlefields, locations, bases, field hospitals, and command systems. As a result, power generator sales in the military sector are set to rise at a significant pace.
Similarly, government spending on military and defense coupled with high demand for reliable power generation sources is projected to bolster military power generator demand.
Several military agencies worldwide are focusing on establishing integrated power systems such as microgrids to accommodate advanced power generators. This is creating a high demand for hybrid generators as they enable users to reduce expenses and carbon footprint.
| Duration | Market Analysis |
|---|---|
| Short-Term Growth (2022 to 2025) | The market is anticipated to stand at a valuation of USD 1,209.71 million by 2025. The growing demand for better access to a portable generator is fueling the market growth. Additionally, the surge in the adoption of advanced and modern air defense systems to tackle illegal operations is expected to propel market development. |
| Medium-Term Growth (2025 to 2028) | By 2028 end, the market is estimated to surpass the market worth of USD 1,345.12 million. The market is subjected to modern breakthroughs in diesel generator technology owing to the continuous improvement in fuel economy. Additionally, various breakthroughs and attempts to increase the overall performance of diesel generators are expected to stimulate the diesel power generators market over the forecast years. |
| Long-Term Growth (2028 to 2033) | The market is expected to amass a total of USD 1,605.3 million by 2033. Over the oncoming years, the market is set to experience an increase in the growth rate on account of the development of new innovations engineered to function in extreme conditions. The development of military gensets, in adherence with STANAG norms, to suit a multitude of situations, is expected to have a positive influence over the upcoming years. |
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North America to Remain a Significantly Lucrative Market for Military Power Generator Manufacturers
According to Future Market Insight, North America held around 36.6% share of the power generator for military industry in 2022. It is expected to retain its dominance throughout the projection period.
The robust expansion of the military & defense sector and the rising need for continuous power supply for military applications are key factors driving North America power generators for military market.
North America has become one of the most promising markets for mobile and portable power generators. Military power generators continue to be an area of investment for regional governments.
The heavy presence of leading power generator companies and the growing popularity of environmentally friendly generators and hybrid generators are expected to boost the North American market.
East Asia power generator for military market is poised to exhibit significant growth over the next ten years. Increasing government spending on advanced military equipment and easy availability of technologically advanced power generators at low prices are a few of the factors driving the East Asia market.
Data Bank for Market Share
| Country | Market Share |
|---|---|
| The United States | 34.5% |
| Germany | 2.8% |
| Japan | 1.7% |
| Australia | 1.3% |
Data Bank for Market CAGR
| Country | CAGR for Forecast Period |
|---|---|
| China | 3.6% |
| India | 4.7% |
| The United Kingdom | 2.1% |
According to Future Market Insights, the United States power generator for the military market is forecasted to exhibit a steady growth rate during the forecast period. It is expected to hold around 34.5% share of the global market by 2033.
The rapid expansion of the military & defense sector and the high demand for reliable power-generating resources in military applications are key factors propelling power generators for military sales in the United States.
Similarly, escalating defense spending and the presence of leading power generator manufacturers are expected to boost the United States power generator for the military industry during the projection period.
Since its independence, the United States government has been rigorously spending to strengthen and expand its military and defense sector. However, with recent global developments and rising national security concerns, this spending has skyrocketed.
For instance, the United States defense budget and military spending reached USD 801 billion in 2021, according to the EXECUTIVEGOV. A significant portion of the military budget is spent on equipment required for combat operations.
As a result of the increased defense expenditure, military power generator sales in the country are estimated to rise at a significant pace over the next ten years (2023 to 2033). By the end of 2033, the United States is predicted to hold a massive share of North American power generators for the military market.
China is anticipated to account for around 14.6% share of the global power generator for the military industry by the end of 2033. It is expected to emerge as a lucrative market across East Asia. Overall power generator sales for military applications in the country are set to rise at a steady pace through 2033.
Growth in China’s power generator for the military market is driven by the increase in spending on advanced military power solutions and the growing popularity of eco-friendly power generators.
The rising export of military equipment including power generators is also projected to help the market to thrive steadily.
China spends large amounts on defense, and it is home to the world's most advanced and lethal armed forces after the United States Army. Liberation Army is the world's second-leading military force among the people living in China.
China's border touches India, Bhutan, and Russia, and the country's significant border disputes with those nations have led to the deployment of soldiers in bad weather. Under these circumstances, a portable power generator is necessary for rapid power supply needs.
The country’s defense receives a significant portion of annual budget allocations. This is expected to continue propelling demand for military power generators during the assessment period.
India power generator for the military service market is expected to register a robust CAGR of 4.7% over the forthcoming years. This equipment is utilized by the Indian Armed Forces due to its appropriateness for military operations.
The market is further catalyzed by the surge in demand for enhanced access to portable generators and power sources from military agencies. A couple of factors such as the rise in power outages in backward areas and the increase in the research and development activities in the market are predicted to drive market development in India.
Going forward, the modernization of production techniques is expected to open a flurry of opportunities for the market during the forecast period.
Demand for distributed energy is surging in the military sector. Its application in tactical military communication, field hospitals, military bases, command systems, and field camps is surging at a steady pace, a trend that is unlikely to slow down in the coming years.
Power generators are considered extremely critical for hindrance-free operations within the military sector. Based on the application field, camps/accommodation remains the key segment in the market. Distributed power systems or military power generators are used to fulfill the need for electricity in accommodations in remote locations. The growth of this segment is expected to propel the growth of the electric power generation and distribution market.
Military power generators have also become critical equipment in military camps as they help soldiers to cope with frequent power cuts. With the rising threat of terrorist attacks and border conflicts, demand for military power generators is expected to remain high in field camp/accommodation applications.
FMI predicts the field camp/accommodation segment to hold a 62.2% share of the worldwide power generator for the military industry during the assessment period.
Based on the installation, the market is segmented into stationary power generators and mobile & portable power generators. Among these, sales of mobile and portable power generators for the military are expected to rise at a significant pace.
Mobile and portable generators are gaining popularity in the military due to their adaptability. Mobile and portable generators constitute a notable segment of the market. Several military organizations are investing in mobile and portable generators because of the wide variety of roles they can play.
Mobile and portable generators have observed high use since the development of portable electrical gadgets, which has changed the nature of war. These generators are required to power certain tactical equipment on the battlefield without any significant logistical backup.
To meet the rising demand from the military and defense industry, power generator manufacturers are developing efficient and cost-effective power production technologies. They are putting efforts into producing hybrid generators to increase sales.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 1,127.1 million |
| Projected Market Size (2033) | USD 1,605.3 million |
| Anticipated Growth Rate | 3.6% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million |
| Segments Covered | Capacity, Output, Fuel, Installation, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East and Africa; Oceania |
| Key Countries Covered | The United States, Canada, Mexico, Brazil, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Cummins Inc.; Caterpillar Inc.; Rolls-Royce Holding plc; HIMOINSA; Harrington Generators International; Fischer Panda GmbH; Ascot Industrial S.r.l.; Kohler Co.; Kirloskar Oil Engines Ltd.; Ausonia S.r.l.; Green Power Systems S.r.l.; Kohler Co.; Kirloskar Oil Engines Ltd.; Ausonia S.r.l. |
| Quantitative Units | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The market is estimated to achieve USD 1,605.3 million by 2033.
The market is forecast to register a CAGR of 3.6% through 2033.
From 2018 to 2022, the global market exhibited a 1.9% CAGR.
The market is to reach USD 1,127.1 million by the end of 2023.
The North America market to acquire a share of 36.6%.
The market share of the field camp/accommodation category is scheduled to be 62.2%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 5.1. Up to 60 KW 5.2. 61 to 250 KW 5.3. 251 to 500 KW 5.4. 501 to 1000 KW 5.5. Above 1000 KW 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. AC Generator 6.2. DC Generator 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fuel 7.1. Diesel 7.2. Natural Gas 7.3. Hybrid 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Installation Type 8.1. Stationary Generators 8.2. Portable Generators 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Communication Systems 9.2. Air Defence Systems 9.3. Field Hospitals 9.4. Field Camps and Accommodation 9.5. Lighting 9.6. Military Vehicles 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. MEA 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Cummins Inc. 20.2. Caterpillar Inc. 20.3. Rolls-Royce Holding plc 20.4. HIMOINSA 20.5. Harrington Generators International 20.6. Fischer Panda GmbH 20.7. Ascot Industrial S.r.l. 20.8. Kohler Co. 20.9. Kirloskar Oil Engines Ltd. 20.10. Ausonia S.r.l. 20.11. Green Power Systems S.r.l. 21. Assumptions & Acronyms Used 22. Research Methodology
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Power Generator for Military Market
