Europe Portable Power Station Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Direct Power and Solar Power), Capacity (Below 500 Wh, 500-1500 Wh, and Above 1500 Wh), Application (Emergency Power, Off-grid Power, and Others), and Battery Type (Sealed Lead Acid Battery and Lithium-Ion Battery)
The portable power station market in Europe is expected to grow from US$ 56.12 million in 2021 to US$ 80.64 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
Smart electronic devices are enabled with wireless protocols such as Bluetooth, Zigbee, NFC, Wi-Fi, Li Fi, and 5G that facilitate their communication with other devices or networks. Smart home gadgets are interconnected and can be operated from a single central device, such as a smartphone, tablet, desktop computer, or gaming console. The expansion of the smart home business is ascribed to an increase in the number of internet users, higher acceptance of smart gadgets, rising disposable incomes in developed economies, and growing concerns about saving energy and reducing carbon emissions. The electronics industry comprises organizations involved in the assembly, production, design, and research of electronic components and equipment. It is one of the most inventive and fast-evolving, and highly competitive industries. Consumer products, industrial products, government products, and electronic components are the four main segments of the electronics manufacturing industry. Alarm systems, home intercommunication systems, electronic ovens, personal computers, video game systems, radios, smartphones, DVD players, cellphones, and televisions have received significant attention in recent years. The elevated spending on applications such as smart homes, smart cars, and smart cities signifies huge growth potential for the consumer electronics industry. These applications require users to stay connected regardless of the platform, and they require the most up-to-date smart gadgets to do so. The demand for portable power stations is projected to rise with the surge in the use of these smart devices in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe portable power station market at a good CAGR during the forecast period.
Europe Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
Europe Portable Power Station Market Segmentation
By Type
Direct Power Solar Power By Capacity
Below 500 Wh 500-1500 Wh Above 1500 Wh By Application
Emergency Power Off-Grid Power Others By Battery Type
Sealed Lead Acid Lithium-Ion By Country
Germany France Italy UK Russia Rest of Europe Europe Portable Power Station Market - Companies Mentioned
Eco Flow Drow Enterprise Co., Ltd. Duracell Inc. SHENZHEN CHAFON TECHNOLOGY CO., LTD Lion Energy, LLC Goal Zero Jackery Inc. Charge Tech Hyundai Power Products
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