About Generator Market for Military and Defense Sector
Generators convert mechanical energy into electrical energy. The source of the mechanical energy varies from an internal combustion engine, a hand crank to compressed air and a reciprocating steam engine. An internal combustion engine uses either diesel, gasoline, propane gas, or natural gas to produce mechanical energy, which is converted into electrical energy with the help of a generator assembly. Generators are designed to provide temporary AC or DC power. They serve as a source of backup or emergency power for residential, commercial, and industrial applications. A fuel engine powers a typical generator.
Technavio’s analysts forecast the global generator market for military and defense sector to grow at a CAGR of 4.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global generator market for military and defense sector for 2016-2020. The total market size has been calculated based on the demand generated by generators from military and defense sector across the globe. The report considers military and marine as the two application segments of the military and defense sector. Military segment includes the land forces or the army, while the marine segment includes the naval forces or the navy.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Generator Market for Military and Defense Sector 2016-2020
Technavio recognizes the following companies as the key players in the Global Generator Market for Military and Defense Sector: Caterpillar, Cummins, Dewey, Fischer Panda, Harrington, and SFC.
Other Prominent Vendors in the market are: Air Rover, CMCA, DHS Systems, DRS and Uninterruptible Power Supplies
Commenting on the report, an analyst from Technavio’s team said: “The emergence of hybrid generators for use in the military and defense sector will mitigate problems of energy efficiency and fuel consumption to a great extent and further fuel the demand for generators in this sector.”
According to the report, Generators used in the military and defense sector are quite different from those employed in the commercial or industrial sector in terms of their design and reliability. The generators adopted by the military need reliable components and efficient operation, and therefore, manufacturers focus on building generators for this sector with special emphasis on the design and manufacture of the operational parts. For instance, Cummins is the first manufacturer of the new generation of military generators. Its new Advanced Medium Mobile Power Systems (AMMPS) is a third-generation mobile electric power that is driving the market considerably.
Further, the report states that with reliable electric power supply available from renewable energy installations, the need for backup power generators in military installations will likely decline, thereby affecting the market.
Caterpillar, Cummins, Dewey, Fischer Panda, Harrington, SFC, Air Rover, CMCA, DHS Systems, DRS, Uninterruptible Power Supplies