Portable Power Station Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Portable Power Station Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Portable Power Station Market

The portable power station market size was valued at USD 486.69 million in 2020, and the market is now projected to grow from USD 545.04 million in 2023 to USD 948.19 million by 2030, exhibiting a CAGR of 8.2% during the forecast period of 2023-2030.

The demand of co-vid19 pandemic for portable power stations greatly suffered. With lockdowns and remote work becoming the norm, there was a drastic rise in outdoor activities such as camping and outdoor events, which in turn, increased the demand for dependable power sources. Alongside those, the chains of global production were disrupted and this caused a lag in production and shortages in supplies. This made prices to fluctuate and supplies to be scarce. Then, the Corona virus outbreak also spurred a growth in the mobile power sector, companies are working not only in more efficient but also more environmentally friendly solutions to meet the varying demands of consumers who are hard-hit by the crisis.

In the recent years, the market of the portable power station has shown a tremendous growth, which is mainly caused by the several factors. The augmented outdoor persona of camping, hiking, and the like has heightened consumer’s appetite for reputable power sources that can carry easily. These power stations facilitate personnel with the liberty of recharging their electronic devices, operating small appliances, and running even the critical equipment in a remote environment, which in turn imply that users are well taken care of. All of these factors are amplifying the portable power station market growth.

Besides that, the improvement of battery technology, particularly the lithium-ion batteries, has greatly increased the efficiency and performance of portable power stations. Over and above this, we have now witnessed a high level of miniaturization, with the ability to store higher energies for an extended period of time. This factor has contributed to the growth of the market. As the world becomes more eco-conscious and the number of off-grid buildings rising, the portals power station market with steady developments to make this product more convenient, budget-friendly, and green.

Comprehensive Analysis of Portable Power Station Market

Portable power stations are segmented by Capacity into three categories: Covers less than 500Wh, 500 Wh to 1,499 Wh, and 1,500 Wh and Above, correspondingly for energy needs of different individuals. In terms of the Power Source, they are grouped into Hybrid Power and Single Power Source, with the advantage of flexibility and the disadvantage of simplicity being the main characteristics of each. These stations are targeted primarily for Off-Grid Power applications ranging from remote areas to sensitized areas in terms of energy use with a further use in Backup/Stationary power supply during power outage or disaster along with a number of other fields which include outdoor recreation and construction.

North America is the leading region of the portable power station market share, which is due to several reasons. A high proportion of the territory composed of wilderness areas, coupled with pronounced enthusiasm towards the outdoors lifestyle pushes portable power units’ sales significantly. From the entertainment provided by national campsites to going completely off-grid in distant wilderness areas, North American outdoorsman use the power from the sources they choose, to stay tuned into the world, while still recharging their batteries.

The top players in the market play a crucial role in shaping the industry's growth trajectory and setting market standards. These players include: GOAL ZERO (U.S.), BLUETTI Power Inc (U.S.), Jackery Inc (U.S.), EcoFlow (China), Lion Energy (U.S.), Shenzhen Sungzu Technology Co., Ltd (China), iForway (China), Anker Technology (U.K.) Ltd (U.K.), Shenzhen Lipower Energy Co., Ltd (China), Duracell Power (U.S.), Klein Tools (U.S.).

In January 2022, in Europe, EcoFlow introduced the DELTA Pro which is a revolutionary portable home battery for the first time. However, it is planned to expand to 200 beds in the future. 6kWh for expansion up to 25kWh, the DELTA Pro system aims to create value for the solar industry with its efficiency and productivity. This unique innovation provides households with backup power for several days during emergencies. EcoFlow's vision with the DELTA Pro is ambitious: the grass root movements at championing sustainability by offering the efficient and eco-friendly energy solution that makes use of renewable processes which can be utilized at different levels from individuals, households, and industrial levels.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 8.2% from 2023 to 2030

Unit Value (USD Million)

Segmentation By Application, Power Source, Capacity, and Region

Segmentation By Capacity

Less than 500 Wh

500 Wh to 1,499 Wh

1,500 Wh and Above

By Power Source

Hybrid Power

Single Power Source

By Application

Off-grid Power

Emergency/Backup

Others

By Region

North America (By Capacity, By Application, By Power Source, By Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Capacity, By Application, By Power Source, By Country)

- U.K. (By Application)

- Germany (By Application)

- France (By Application)

- Italy (By Application)

- Spain (By Application)

- Russia (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Capacity, By Application, By Power Source, By Country)

- China (By Application)

- India (By Application)

- Japan (By Application)

- Australia (By Application)

- Southeast Asia (By Application)

- Rest of Asia Pacific (By Application)

Latin America (By Capacity, By Application, By Power Source, By Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America (By Application)

Middle East & Africa (By Capacity, By Application, By Power Source, By Country)

- GCC (By Application)

- South Africa (By Application)

- Rest of Middle East & Africa (By Application)


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