Portable Power Station Market Research Report: Information by Operation Type (Direct Power and Solar Power), Application (Emergency Power, Off-Grid Power and Automotive), Capacity Type (Less than 500 WH, 500 WH to 999 WH, 1000 WH to 1499 WH and 1500 WH and above) and Region - Forecast till 2027
ID: MRFR/E&P/8601-HCR | February 2021 | Region: Global | 111 pages
Portable Power Station Market Scenario
Portable power station market size is projected to reach USD 538.1 Million by 2026, with 8.14% CAGR between 2020 and 2027.
The major factors driving the growth of the portable power station global market is the growing demand is increasing in the use of smart devices, including smartphones and smart watches, and the requirement for uninterrupted power across applications such as emergency power, automotive, and off-grid power. However, longer charging times and the high cost of battery-powered portable power stations are restraining factors for the growth of the global portable power station market.
Prominent Players
Goal Zero (US), Jackery (US), Lion Energy (US), Ecoflow (US), Li Power (Shenzhen) Technology (China), ChargeTech (US), Midland (US), Duracell (US), Drow Enterprise (China), Scott Electric (US), Suaoki (Japan), and Milwaukee Electric Tool (US).
Many major players, such as Goal Zero (US), Jackery (US), Milwaukee Tool (US), and others, among others, are actively participating in portable power station development projects. For instance, in July 2018, Jackery (US) and Honda (Japan) entered in an agreement to launch portable solar devices. Such developments are expected to drive the growth of the portable power station global market during the forecast period.
Industry News
EcoFlow has launched the R600 portable power station for its customers whose capacity can be extended with the help of an external battery. It can lower the required power of electric appliances by running them efficiently at a lower wattage.
Market Segmentation
The global portable power station market has been segmented based on operation type, capacity type, application, and technology type. Based on operation type, the global market is divided into direct power and solar power. The direct power segment is expected to hold the larger share of the market due to a reduced charging time as compared to solar power. However, the solar power segment is expected to grow at the fastest rate in the market. Based on application, the global market is segmented into emergency power, off-grid power, and automotive. The off-grid power segment is estimated to grow at the fastest rate during the forecast period due to the increasing use of smartphones and also increase in camping and other recreational activities. Based on technology type, the global market has been divided into lithium-ion and sealed lead-acid. The lithium-ion segment is projected to grow at the fastest rate during the study period due to the affordable prices of lithium-ion. Based on capacity type, the global market is divided into less than 500 WH, 500 to 999 WH, 1000 WH to 1499 WH, and 1500 WH and above. The 500 WH to 999 WH segment is expected to hold the largest market share during the forecast period.
The global portable power station market is expected to witness high growth during the forecast period owing to the increasing demand for smart electronic devices. This is expected to drive the demand for portable power station s during the forecast period.
Based on region, the portable power station market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America holds the largest market share as the region houses major portable power station companies, especially in the US. Moreover, increasing use of smart electronic devices is driving the growth in this region. Moreover, the market in Asia-Pacific is expected to grow at the fastest rate during the forecast period, primarily to the increasing population using smart devices and increasing recreational activities in the region.
A portable power station refers to a rechargeable battery-powered generator that is used to charge devices, including fans, smartphones, laptops, and other electric devices. Advantages of these portable power station include recharge ability, low maintenance, safe to use, and convenient in size.
Intended Audience
- Government and Research Organization
- Consulting Companies in the Portable Power Station Market
- Raw Material Suppliers
- Research Consultants
- Investors and Shareholders
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size |
|
| CAGR | 8.14% (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Operation Type, Application and Capacity Type |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Goal Zero (US), Jackery (US), Lion Energy (US), Ecoflow (US), Li Power (Shenzhen) Technology (China), ChargeTech (US), Midland (US), Duracell (US), Drow Enterprise (China), Scott Electric (US), Suaoki (Japan), and Milwaukee Electric Tool (US) |
| Key Market Opportunities | longer charging times and the high cost of battery-powered portable power stations |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The portable power station global market is predicted to grow at a 7.6% CAGR between 2020- 2026.
The portable power station global market is predicted to reach USD 482 million by 2026.
North America will lead the global portable power station market.
Burgeoning demand for smart electronic devices is driving the global portable power station market growth.
Key contenders profiled in the global portable power station market include Goal Zero (US), Jackery (US), Lion Energy (US), Ecoflow (US), Li Power (Shenzhen) Technology (China), ChargeTech (US), Midland (US), Duracell (US), Drow Enterprise (China), Scott Electric (US), Suaoki (Japan), and Milwaukee Electric Tool (US).