Global Military Power Solutions Market to Reach $19.6 Billion by 2030
The global market for Military Power Solutions estimated at US$11.3 Billion in the year 2023, is expected to reach US$19.6 Billion by 2030, growing at a CAGR of 8.2% over the period 2023-2030. Non-Portable Power Solutions, one of the segments analyzed in the report, is expected to record 7.1% CAGR and reach US$10.6 Billion by the end of the analysis period. Growth in the Portable Power Solutions segment is estimated at 9.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 12.1% CAGR
The Military Power Solutions market in the U.S. is estimated at US$3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 7.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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