Generators: Key market research findings
- Technological advances in diesel generator set
- Efficient mobile electric power
Technavio has added released a new market research report on the global generator market for military and defense sector, which is expected to grow at a CAGR of 4% between 2016 and 2020. Electric power supply using generators is the backbone of military and defense operations. These generators have inevitable applications in modern warfare technology and equipment, such as weapons systems, command, control, communications, intelligence systems, and logistics support systems. The Americas lead the global market for generators in military and defense sectors, accounting for 56% of the overall market share. Much of this region’s growth comes from the growing demand for power generators in military expeditions.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the power generators are going through a series of technological advancements. Manufacturing are integrating advanced monitoring equipment to hi-tech control systems into their generators to offer innovative products. Vendors have come up with some unique features in advanced power generators which include monitoring health and readiness, remote control and operation, alarm management, generator fleet management and configuration of generator controllers remotely,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
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. These generators ought to have more reliable components and efficient operational parts. Cummins’ Advanced Medium Mobile Power Systems (AMMPS) is a third-generation mobile electric power, which is 10% smaller and lighter than the generators used previously. These new generation of military generators consume 21% less fuel than the conventional generators and minimize reduce the number of fuel convoys
The leading vendors in the global generator market for military and defense sector are Caterpillar, Cummins, Dewey, Fischer Panda, Harrington and SFC. This market is primarily dominated by the big players. Vendors manufacturing generator sets for the military and defense sector have to manufacture highly reliable generators. The manufacturers in this market have the flexibility to incorporate parts and components that increase the efficiency and reliability of the generators to a great extent, as price is not an issue.
A more detailed analysis is available in the Technavio report, Global Generator Market for Military and Defense Sector 2016-2020.
We can customize reports by other regions and specific segments upon request.
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