The global power generator for military market is predicted to register a CAGR of 3.6% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from USD 1,127.1 million in 2023 to USD 1,605.3 million by 2033 end.
The technological upgradation in diesel generators is eliciting market development of power generators for military. In this regard, the development of compact tactical power generators is strengthening market growth. Besides, the surging military expenditure of governments across the globe is invoking market expansion.
The execution of defense protocols is also projected to have a positive effect on market development. Take for example, in December 2020, the United States Army formulated a portable generator with the help of X-Engine, delivered by Connecticut-based LiquidPiston. The launch of this vital rotary engine is predicted to produce an amount of power, which is equivalent to the Army’s present gen-set, though being one-fifth the size. Such developments are expected to have a positive influence on market growth.
Increasing focus on the modernization of Army by scientists and engineers is propelling the market growth. For instance, in April 2020, scientists from the United States Army Combat Capabilities Development Command revealed that they are developing an energy-efficient generator that powers autonomous military vehicles, for months on end.
Key Features:
Key Players Profiled in the Market Include:
Recent Developments:
HIMOINSA: In a significant move unveiled in October 2022, HIMOINSA showcased its comprehensive lineup of diesel generator sets at Bauma 2022, reinforcing its commitment to providing cutting-edge power solutions to its global clientele.
Kohler Co.: In November 2022, Kohler Co. marked a milestone with the completion of the expansion project for its primary North American generator manufacturing facility in Mosel, Wisconsin.
Rolls-Royce Holding plc: In July 2021, Rolls-Royce Holding plc achieved a breakthrough with the development of an advanced hybrid-electric propulsion system designed for aerospace applications.
Cummins Inc.: In August 2022, Cummins Inc. completed the acquisition of Meritor, Inc., marking a strategic move to strengthen its market presence and expand its product offerings.
Key Segments Covered:
By Capacity:
By Output:
By Fuel:
By Installation:
By Application:
By Region:
Read More: https://www.futuremarketinsights.com/reports/power-generator-for-military-market
Post articles and opinions on Professionals UK
to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.