Marker Leaders - Military Battery Market
Military batteries are rugged, reliable, durable, and of high quality. They are suitable for extreme environments, such as battlegrounds, underwater, space, and aeronautical applications. These batteries are used in military ground equipment, vehicles, field & inter-shelter communication equipment, airborne & navigation systems, remote weapon controls, ships, submersibles & other marine systems, satellites & space shuttles, avionics systems, weapon systems, UAVs, and tactical equipment. The estimated military battery market is USD 1.3 billion in 2022 and is projected to reach USD 1.6 billion by 2027, at a CAGR of 4.1% from 2022 to 2027.
The demand for military batteries has been growing at a very rapid pace in the past decade owing to the increasing digitalization trend globally. Unlike other markets, the military battery market has not been as much affected by the COVID-19 pandemic since there was no decrease in the defense budgets of major countries. In August 2020, ECOBAT acquired Easystart, a well-established business company that serves a range of businesses throughout Ireland. This acquisition is hugely positive, not only for Easystart Ireland’s customers, but also for ECOBAT’s customers in the area, as they will benefit from an enhanced delivery service, increased stock availability, as well as a highly knowledgeable local team.
Key players in the military battery market include EnerSys (US), GS Yuasa International Ltd (Japan), Saft (France), Exide Industries (India), and EaglePicher Technologies (US). These players have been focusing on securing government contracts for their organic growth. Their core competencies include high investments in R&D activities.
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EnerSys is a manufacturer and supplier of reserve power and motive power batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions for customers worldwide. EnerSys has manufacturing locations and sales offices in multiple countries across North America, South America, Asia Pacific, Europe, the Middle East, and Africa. It operates through two business segments, namely, motive power and reserve power. The company offers products and services for applications, including aerospace, forklifts/material handling, defense, industrial vehicles, leisure & recreation, rail, and medical.
GS Yuasa operates through five business segments, namely, automotive batteries (Japan), automotive batteries (Overseas), industrial batteries & power supplies, automotive lithium-ion batteries, and aerospace & defense. Under the aerospace and defense segment, the company produces batteries for submarines, manned research submersibles, satellites, aircraft, and others.
Exide Industries is an Indian multinational battery manufacturing company. It is the largest battery manufacturer in India. The company operates through the following business segments, namely: industrial, automotive, and submarines & others. It is leading manufacturer of submarine batteries in India. The company manufactures batteries conforming to military standards of Russia, Europe, and the US. It supplies batteries for Russian (Foxtrot/Romeo/Kilo), German (209 class), French (Scorpene class), and indigenous (nuclear) submarines.
EaglePicher Technologies is an integrated military battery company that develops, manufactures, and provides batteries, electronics, energetic devices, and integrated power systems to the defense, medical, and aerospace industries. The company also provides custom battery assemblies, battery management systems, pyrotechnic devices, and custom power solutions. In January 2018, GTCR, a private equity company, acquired EaglePicher.
Saft (Total) is a pioneer of marine battery and energy solutions. It designs, develops, and manufactures batteries used in the transportation, industrial, and defense sectors. The company provides energy solutions to various industries such as aerospace & defense, transportation, construction, and oil and gas, among others. It has a strong global presence with a wide range of customers worldwide.
Related Reports:
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
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