Energy Industry News
Home | Energy News | Submit Press Release | About Us


Free Utility & Energy Magazines
Press release distribution service

Energy Media
AltEnergyMag
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
EUROPA
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
NPR
Oil & Gas Investor
Oil Price
Platt
PennEnergy
Reuters
RechargeNews
Resilience
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Energy Industry News Releases

Military Battery Market Expected to Reach $1.6 Billion by 2027

(EnergyIndustry.Net, February 01, 2023 ) According to a research report "Military Battery Market by Type (Rechargeable, Non-rechargeable), Installation (OEM, Aftermarket), Application (Propulsion, Non-propulsion), Platform (Ground, Airborne, Marine), Composition, Voltage, Power Density and Region - Global Forecast to 2027" published by MarketsandMarkets, the military battery market is projected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.1% from 2022 to 2027. The advent of rechargeable batteries in terms of compact designs and high-power density, is one of the major driving factors for the demand of military battery market.



Download PDF Brochure @



https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135165088



Key Market Players



Key players in the military battery market include EnerSys (US), GS Yuasa International Ltd (Japan), Saft (France), Exide Industries (India), and EaglePicher Technologies (US). The players are largely focused on new product development and launches and having a strong global presence will help them gain a competitive advantage in the military battery industry.



By composition, the lead-acid segment is expected to lead the market during the forecast period.



Based on composition, the military batteries market has been segregated into lithium-based, lead-acid, nickel-based, thermal, and others. The lithium-based segment has been further segregated into lithium nickel manganese cobalt, lithium iron phosphate, lithium cobalt oxide, lithium titanate oxide, lithium manganese oxide, and lithium nickel cobalt aluminium oxide. Most aerospace and defense equipment use lithium-based batteries. By composition, the lead-acid segment is estimated to account for the largest share (38%) of the military battery market in 2022. This segment is projected to grow from USD 496 million in 2022 to USD 605 million by 2027, at a CAGR of 4.1% during the forecast period.



By platform, the ground segment has the highest share in the forecasted period



Based on platform, the military battery market has been segmented into ground, marine and airborne. The ground segment is projected to grow at a highest share. This growth can be attributed to the developments taking place in military battery market with respect to partnership, investments, and development of new products.



Rechargeable battery segment has the highest share in the forecasted period



Based on type, the military battery market has been segregated into rechargeable and non-rechargeable batteries. The type segment provides information on the rechargeable and non-rechargeable batteries. A rechargeable battery or storage battery can be charged, discharged, and recharged many times. It is composed of one or more electrochemical cells. Rechargeable batteries cost more than primary batteries but have a lower total cost of ownership.



Europe has the highest share in the forecasted period.



The Europe military battery market is projected to grow at the second highest rate of 4.2% during the forecast period. The growth of this market is driven by the demand for advanced, energy-efficient, and lightweight batteries which offer enhanced safety, functionalities, and reliability.



News Also Covered: https://www.prnewswire.com/news-releases/military-battery-market-worth-1-6-billion-by-2027--exclusive-report-by-marketsandmarkets-301551013.html



Related Reports:



Marine Battery Market by Battery Type (Lithium, Nickel Cadmium, Fuel Cell, Lead-acid), Propulsion Type (Fully Electric, Hybrid, Conventional), Ship Type, Sales Channel, Nominal Capacity, Battery Design, Battery Function, & Region (2021-2030)



Aircraft Battery Market by Offering (Product- Battery (NICAD, Lithium Ion, Lead Acid, Others), BMS, Services) Application (Propulsion, APU, Emergency), Aircraft Type, End User, Power Density, Aircraft Technology, and Region - Global Forecast to 2022





About MarketsandMarkets™



MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.



The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com

Renewable Energy News




Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC