Market Overview:
The Global Space Power Supply Market is expected to grow at a CAGR of XX% and is projected to reach a market size of USD XX million by 2030. The market growth is attributed to the increasing demand for space-based applications such as remote sensing, meteorological, scientific experiment, and others. Based on type, the global space power supply market can be segmented into solar cells, batteries, power modules, thermoelectric generators (TEGs), and others. Solar cells are anticipated to hold a dominant share in the global space power supply market during the forecast period owing to their high efficiency and low cost. Batteries are also expected to witness significant growth during the forecast period due to their ability store large amounts of energy for long periods of time. TEGs are anticipated grow at a high rate during the forecast period as they offer an efficient way convert waste heat into electrical energy which can be used for powering spacecraft systems or other devices onboard spacecrafts. Based on application, the global space power supply market can be segmented into remote sensing,, meteorological,, scientific experiment,, communication,, navigation,, reconnaissance&surveillance.,and others Applications such as human exploration & settlement are not included in this study because there has been no significant developments in this area so far.
Product Definition:
Space Power Supply is a power supply that is designed to provide power in space environment. It is important for spacecrafts and satellites as it provides them with the necessary electrical power for their operation.
Solar Cells:
Solar cells, also called photovoltaic cells are devices that absorb sunlight and convert it to electricity. They have a wide range of applications from space probes to satellites and even for terrestrial use on buildings etc. The efficiency of these solar-powered systems is very high as compared to other sources of energy such as wind or thermal power plants.
Batteries:
Batteries are the most common source of power in space. They are used for starting up the systems and equipment, providing backup power during solar array deployments, powering communication satellites when connected to an external power source and other purposes. Batteries find their application across various sectors such as military & defense, telecommunications & information technology industries among others.
Application Insights:
The market is segmented by application into remote sensing, meteorological, scientific experiment and others. The meteorological segment held the largest share in 2017 owing to the usage of space power supplies for weather monitoring and forecasting. It provides accurate data on atmospheric pressure, temperature and humidity which helps in understanding the natural environment better. Moreover, it also helps in anticipating future events based on historical data which boosts its demand further.
Remote sensing application is anticipated to grow at a CAGR of XX% over the forecast period due to increasing government initiatives for mapping land use changes resulting from environmental degradation caused by human activities such as deforestation or urbanization etc., change across various regions globally including Tropics, Middle East & Africa sub-Tropics etc.
Regional Analysis:
The Asia Pacific regional space power supply market is expected to grow at the highest CAGR over the forecast period. The growth can be attributed to increasing investments in space-related activities coupled with growing demand for energy storage systems from commercial and industrial applications. Furthermore, rising government initiatives pertaining to utilization of renewable energy sources are anticipated to drive industry expansion over the coming years.
North America accounted for a significant share of revenue in 2017 owing to high demand from remote sensing, meteorological and scientific experiment applications. Europe is also estimated to witness considerable growth over the next eight years owingto its large base of solar cell manufacturing companies along with high dependence on satellites for communication purposes which require continuous power supply during emergencies (power outages). Moreover, industry players are focusing on development of new products by collaborating with universities & research institutes as well as governmental organizations such as European Space Agency (ESA) & National Aeronautics & Space Administration (NASA).
Growth Factors:
- Increasing demand for space-based applications: The increasing demand for space-based applications is one of the key growth drivers for the space power supply market. This is because these applications require reliable and uninterrupted power supply, which can be achieved through the use of space-based power supplies.
- Growing investments in space exploration: The growing investments in space exploration by governments and private organizations are also fueling the growth of the market for space power supplies. This is because these investments are resulting in an increase in the number of launches of satellites and other spacecraft, thereby leading to a rise in demand for such supplies.
- Proliferation of small satellites: The proliferation of small satellites is another major factor that is driving growth in the market for Space Power Supply (SPS). These satellites typically have smaller payloads as compared to traditional large satellites, which has resulted in an increase in their popularity among end users such as commercial entities and research institutes across different regions worldwide. As a result, there has been a corresponding rise in demand from these end users for SPS products that can cater to their specific requirements adequately.
Scope Of The Report
Report Attributes
Report Details
Report Title
Space Power Supply Market Research Report
By Type
Solar Cells, Batteries, Power Modules, Thermoelectric Generators, Others
By Application
Remote Sensing, Meteorological, Scientific Experiment, Others
By Companies
Airbus, AZUR SPACE Solar Power, DHV Technology, EaglePicher Technologies, EnduroSat, GS Yuasa Lithium Power, Northrop Grumman, Solaero Technologies, Spectrolab, Jinko Solar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Space Power Supply Market Report Segments:
The global Space Power Supply market is segmented on the basis of:
Types
Solar Cells, Batteries, Power Modules, Thermoelectric Generators, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Remote Sensing, Meteorological, Scientific Experiment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airbus
- AZUR SPACE Solar Power
- DHV Technology
- EaglePicher Technologies
- EnduroSat
- GS Yuasa Lithium Power
- Northrop Grumman
- Solaero Technologies
- Spectrolab
- Jinko Solar
Highlights of The Space Power Supply Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solar Cells
- Batteries
- Power Modules
- Thermoelectric Generators
- Others
- By Application:
- Remote Sensing
- Meteorological
- Scientific Experiment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Space Power Supply Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A space power supply is a device that converts electrical energy into usable forms for spacecraft.
Some of the major players in the space power supply market are Airbus, AZUR SPACE Solar Power, DHV Technology, EaglePicher Technologies, EnduroSat, GS Yuasa Lithium Power, Northrop Grumman, Solaero Technologies, Spectrolab, Jinko Solar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Space Power Supply Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Space Power Supply Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Space Power Supply Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Space Power Supply Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Space Power Supply Market Size & Forecast, 2018-2028
4.5.1 Space Power Supply Market Size and Y-o-Y Growth
4.5.2 Space Power Supply Market Absolute $ Opportunity
Chapter 5 Global Space Power Supply Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Space Power Supply Market Size Forecast by Type
5.2.1 Solar Cells
5.2.2 Batteries
5.2.3 Power Modules
5.2.4 Thermoelectric Generators
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Space Power Supply Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Space Power Supply Market Size Forecast by Applications
6.2.1 Remote Sensing
6.2.2 Meteorological
6.2.3 Scientific Experiment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Space Power Supply Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Space Power Supply Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Space Power Supply Analysis and Forecast
9.1 Introduction
9.2 North America Space Power Supply Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Space Power Supply Market Size Forecast by Type
9.6.1 Solar Cells
9.6.2 Batteries
9.6.3 Power Modules
9.6.4 Thermoelectric Generators
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Space Power Supply Market Size Forecast by Applications
9.10.1 Remote Sensing
9.10.2 Meteorological
9.10.3 Scientific Experiment
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Space Power Supply Analysis and Forecast
10.1 Introduction
10.2 Europe Space Power Supply Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Space Power Supply Market Size Forecast by Type
10.6.1 Solar Cells
10.6.2 Batteries
10.6.3 Power Modules
10.6.4 Thermoelectric Generators
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Space Power Supply Market Size Forecast by Applications
10.10.1 Remote Sensing
10.10.2 Meteorological
10.10.3 Scientific Experiment
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Space Power Supply Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Space Power Supply Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Space Power Supply Market Size Forecast by Type
11.6.1 Solar Cells
11.6.2 Batteries
11.6.3 Power Modules
11.6.4 Thermoelectric Generators
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Space Power Supply Market Size Forecast by Applications
11.10.1 Remote Sensing
11.10.2 Meteorological
11.10.3 Scientific Experiment
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Space Power Supply Analysis and Forecast
12.1 Introduction
12.2 Latin America Space Power Supply Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Space Power Supply Market Size Forecast by Type
12.6.1 Solar Cells
12.6.2 Batteries
12.6.3 Power Modules
12.6.4 Thermoelectric Generators
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Space Power Supply Market Size Forecast by Applications
12.10.1 Remote Sensing
12.10.2 Meteorological
12.10.3 Scientific Experiment
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Space Power Supply Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Space Power Supply Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Space Power Supply Market Size Forecast by Type
13.6.1 Solar Cells
13.6.2 Batteries
13.6.3 Power Modules
13.6.4 Thermoelectric Generators
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Space Power Supply Market Size Forecast by Applications
13.10.1 Remote Sensing
13.10.2 Meteorological
13.10.3 Scientific Experiment
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Space Power Supply Market: Competitive Dashboard
14.2 Global Space Power Supply Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airbus
14.3.2 AZUR SPACE Solar Power
14.3.3 DHV Technology
14.3.4 EaglePicher Technologies
14.3.5 EnduroSat
14.3.6 GS Yuasa Lithium Power
14.3.7 Northrop Grumman
14.3.8 Solaero Technologies
14.3.9 Spectrolab
14.3.10 Jinko Solar
