Portable Power Station Market: Current Analysis and Forecast (2021-2027)

Global Portable Power Station Market was valued at US$ 318.6 million in 2020 and is anticipated to reach US$ 534.4 million by 2027 displaying a CAGR of 6.91% over the forecast period (2021-2027). A portable power station is a battery-powered generator that may be used to charge various devices such as fans, cell phones, computers, and other electronic equipment. Recharge ability, minimal maintenance, safety, and portability are all advantages of these portable power stations. The growth of Portable Power Station Market expanded significantly over recent years, underpinned by increasing usage of smart devices, aging electricity grid infrastructure, and increasing usage of power in remote areas for power. For instance, as per Statista IOT devices worldwide is forecast to almost triple from 8.74 billion in 2020 to more than 25.4 billion IoT devices in 2030. Other factors driving the growth of the Portable Power Station market globally are: Rising use of smart electronic devices, increasing usage of smart grid services & increasing usage of power in remote areas for power, and Technological shift toward renewable electricity generation and people’s need to be connected to uninterrupted power. Goal Zero, Jackery Inc., Duracell Inc., Lion Energy, EcoFlow, Milwaukee Tool, Anker Technology, Suaoki, Scott Electric and Bluetti are some of the prominent players operating in the Global Portable Power Station market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with more models & innovative portable power stations.
Insights Presented in the Report
“Amongst power type, Hybrid Power segment holds the major share.”
Based on the power type, the Global Portable Power Station market is bifurcated into Direct Power and Hybrid Power. The Hybrid segment generated revenue of USD XX million in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027 because it can be used at remote or off-grid locations, where direct power access is limited or non-existent.
“Amongst technology type, Lithium-ion dominated the market in 2020.”
Based on technology type, the market is segmented into lithium-ion and sealed lead acid. The lithium-ion segment grabbed XX% market share of the Global Portable Power Station Market and gathered revenue of USD XX million in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027 owing to the availability of lithium ions at affordable prices across the world. In addition, the use of lithium-ion reduces the operational cost of portable power stations.
“Amongst capacity range, 501-1,000 Wh range is expected to dominate the market during the analyzed period.”
Based on capacity range, the market is segmented into Less than 500 Wh, 501-1,000 Wh, 1,001-1,500 Wh & 1,500 Wh and above. In 2020, the 501-1,000 Wh segment dominated the Portable Power Station Market and accounted for XX% market share. This segment will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to its usage in various applications, including off-grid power. Also, other factors such as: rising demand for additional power capacity and charging electronic appliances with high power requirements across North America, Europe, and the Asia Pacific regions will further propel this capacity range segment.
“Amongst application type, Off-grid power dominated the market in 2020.”
Based on application type, the market is classified into Emergency Power, Off-grid Power, Automotive and Others. The off-grid segment generated revenue of USD XX million in 2020. The segment is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of USD XX million by 2027 owing to the demand to power modern electronic equipment such as laptops, smartphones, tablets etc., which is driving the portable power station market for the off-grid segment. The growth in this segment is also driven by the increase of camping and outdoor recreational activities, and the growing use of smart electronic devices in regions such as North America, Europe, and Asia Pacific.
“North America represents as the largest market in the Global Portable Power Station market.”
For better understanding of the market penetration of Portable Power Station, the report provides a detailed analysis of major regions including North America, Europe, Asia Pacific, and the rest of the world. North America constitutes the largest market for the industry and generated revenue of USD XX million in 2020 as the region houses major portable power station companies, especially in the US. In addition, market in the region is driven by the growing emphasis on camping and outdoor recreational activities, and the increasing use of smart electronic devices, and the subsequent need for connectivity, which requires power.
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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country-level analysis of the industry
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