Military Power Sources Market Size, Share and COVID-19 Impact Analysis, By Type (Portable, and Non-Portable), By Source (Battery Engine, Generators, Fuel Cells, Solar Power, Energy Harvesters, and Others), By Application (Airborne, Land, and Naval), By Power (High, Medium, and Low), and Regional Forecast, 2024-2032

A military power source refers to a specialized system or set of equipment designed to provide reliable and efficient power supply for various military applications. These solutions are specifically designed for the military purposes for ensuring the availability of electricity to support critical operations in the field. Military power solutions comprises of combination of power generation, storage, distribution, and management technologies to deliver the necessary energy to military bases, vehicles, equipment, and personnel. The military power sources market is predicted to display commendable progress during the forecast period of 2024-2032.

Rising defense budgets across several countries are driving investments in military power solutions. Governments worldwide prioritize the modernization and enhancement of their military capabilities, including upgrading power generation and distribution systems. Additionally, the advancements in power storage, energy conversion, and power management technologies are further bolstering the market growth. Moreover, the increasing focus on research and development to improve power sources for modern military operations also expected to catalyze the market growth.

Due to the growing demand for lightweight, portable power sources in military operations, the innovation and development towards miniaturization of power sources are gaining pace. Soldiers and field personnel require compact and easily transportable power solutions to support their equipment, communication devices, and other electronic systems in remote and austere environments.

However, integrating new-age equipment and associated components with the existing systems is challenging. Additionally, the high cost of maintenance and upgradation is also expected to restrain the market growth.

Impact of COVID-19 on the Military Power Sources Industry

The military power sources market was dramatically affected by the COVID-19 pandemic. Movement restrictions led to severe supply chain disruptions, severely affecting the sales and distribution network. Moreover, the global lockdown halted the manufacturing and production of military power sources and associated components, which increased the number of backlog orders and resulted in delays in existing orders due to the unavailability of raw materials and components required to produce military power sources. The pandemic also halted or significantly slowed down the innovations and research projects in the military power sources industry.

The military power sources market by type the market is segmented into portable and non-portable. By source the market is bifurcated into battery engine, generators, fuel cells, solar power, harvesters and others. By application the market is divided into airborne, land, and naval. By power the market is segregated into high power, medium power and low power.

Key Insights

The report will include the following key insights:

• The report analyzes a detailed industry overview, including qualitative and quantitative information.


• The report analyzes an overview and forecast of the military power sources market based on various segments.


• The report also analyzes comprehensive PEST analysis for all five regions, i.e., North America, Europe, Asia Pacific, and Rest of the World, after evaluating economic, social, political, and technological factors affecting the impact of the military power sources market in these regions.

Regional Analysis

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North America is expected to lead the military power sources market during the forecast period. Market dominance is attributed to the latest technology, regular innovation, and key players dealing in military power source products. Moreover, early technology adoption and heavy investments in military modernization efforts also contribute to such market position. Asia Pacific is predicted to grow significantly due to an increased focus on enhancing local manufacturing and production efforts and significant investments to facilitate the indigenous development of military products.

Key Players Covered

• Raytheon Technologies Corporation


• Thales


• Advanced Conversion Technology


• Milpower Source, Inc.


• BAE Systems


• Galvion


• Arotech Corporation


• Merlin Power Systems


• EaglePicher Technologies


• AJ's Power Source Inc.


• Schaefer, Inc.


• SynQor, Inc.


• Wall Industries, Inc.

Military Power Sources Market Segmentation

Key Industry Developments

• In April 2023, SynQor, Inc. launched new products in its Mil-COTS 28V (9-40 Vin) DC-DC product line. The new product, the MCOTS-C-28V-12-HY and MCOTS-C-28V-28-HY are compact, highly efficient, high in power, and based on SynQor’s next-generation, isolated fixed frequency synchronous rectifier technology.


• In September 2022, U.S. based military equipment manufacturer, Milpower Source, Inc., received a platinum­-level honoree by Military + Aerospace Electronics Innovators Awards in September 2022 for its M4154 series DC-DC power supply which was recognized among the best.


• In November 2022, Cummins bagged a major defense contract to develop, manufacture, test, and produce generator sets in the 500 kilowatts (kW) skid (MEPGS-10001) and Power Plants (PP) (MEPGS-35001) configurations. The contract aims to meet the Large Tactical Power System (LTPS) and Department of Defense (DoD) electrical power needs.