Portable Power Station Market Research Report - Global Forecast till 2030

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 2030

ID: MRFR/E&P/8601-HCR | February 2021 | Region: Global | 111 pages

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Portable Power Station Market Overview


Based on the extensive Portable Power Station Market Analysis, the market experts estimate that the market will grow at a CAGR of 8.14% during the period 2022-2028. The market experts anticipate that the Portable Power Station Industry Revenue will reach 410 Million by 2028.


Many factors are driving the growth of the global Portable Power Station Market Size. With the rapid increase in the use of gadgets such as smartphones and smartwatches and the rising need for an uninterrupted power supply for automotive, emergency power, and off-grid power, the Portable Power Station Market will have consistent growth in the coming years.


The Portable Power Stations are used to provide energy by capturing, storing, and sustainably supplying electricity. It is possible to integrate renewable energy into portable power stations. Electricity is supplied in a plug-and-play method using portable power stations. Portable power stations are capable of providing extra energy.


COVID-19 Analysis


The outbreak of the COVID-19 analysis had impacted the Portable Power Station Market negatively. Strict lockdown measures were implemented in most countries across the world. Due to strict travel restrictions, investments in recreational activities decreased significantly. As most people were spending maximum time in their homes, the need for portable power stations declined sharply.


The outbreak of COVID-19 had affected the availability of raw materials for this sector. Due to the temporary closure of manufacturing units, non-availability of the workforce, and logistics problems, the Portable Power Station Market faced hindrances.


In the post-pandemic period, the market is expected to rise and the market is expected to grow at the forecasted growth rate.


Market Dynamics



  • Market Drivers


Across the globe, there is a surge in the usage of smart electronic devices. This has increased the demand for portable power stations. Additionally, the need for uninterrupted power in many application areas has also increased the demand for Portable Power Stations.



  • Restraints


The longer charging time and high cost of setting up battery-enabled portable power stations are the main restraints to the growth of the Portable Power Station Industry.



  • Opportunities


The rapid surge in the use of smart grid services, increased usage of power in remote areas, and inclination toward renewable energy sources are the major factors to create opportunities for the Portable Power Station Market during the forecast period.



  • Challenges


Lack of awareness and unavailability of proper setups in underdeveloped regions are the challenges for the future growth of the portable power station market.



  • Cumulative Analysis


Based on the Portable Power Station Market Analysis, the report indicates that the market is expected to grow at a CAGR of 8.14 % by 2028. According to this report, the Portable Power Station Market will achieve revenue of USD 410 Million during the forecast period (2022-2028).


Increasing concerns about ill-effects of harmful gases, significant investments made by the key players, adoption of advanced technologies, increasing use of electronic gadgets of all types, etc. are factors to boost the growth of the Portable Power Station Market across the globe.



  • Value Chain Analysis


As the rate of urbanization is high across the world, this has led to the continuous demand for portable power stations. Due to their ease of use and a wide array of applications, the Portable Power Station Market is expected to grow at a considerable rate during the forecast period.


Market Segmentation


The global Portable Power Station Market is very big. It is segmented based on application, the technology used, operation type, capacity type, and region.



  • Based on the operation type, the market is sub-divided into solar power and direct power. The direct power segment is expected to occupy a large share of the market in the coming years owing to the lesser charging time of the direct power sector. But, the solar power sector is also expected to achieve significant revenue value due to increasing awareness about renewable power resources.

  • Based on the technology type, the market is fragmented into sealed lead-acid and lithium-ion sectors. The largest Portable Power Station Market Share is expected to be occupied by the lithium-ion sector due to affordability.

  • Based on the capacity type, the global market for portable power stations is further segmented into less than 500 WH, 500-999 WH, 1000 WH-1499 WH, 1500 WH, and more. The largest market share is expected to be occupied by the 500 WH-999 WH.

  • Based on the application, the global Portable Power Station Market is divided into off-grid power, emergency power, and automotive power sectors. The maximum share of the market is expected to be occupied by the off-grid power sector due to an increase in different types of recreational activities and a surge in the usage of smartphones.


Regional Analysis


Based on the region, the Portable Power Station Market is fragmented into North America, Europe, Asia Pacific, South America, and Africa & Middle East. The largest market share is occupied by the North American region as this region is the location of most of the portable power station manufacturers. The consistent increase in the use of smartphones and other smart gadgets is the driving factor for the market growth.


Europe is also growing at a very fast rate. Due to strict government initiatives to curb carbon emissions, increasing awareness about the ill-effects of conventional power sources, and increasing use of electronic gadgets and E-vehicles, the Portable Power Station Market in the European region is expected to show steady growth during the forecast period.


Competitive Landscape


The global Portable Power Station Market is growing steadily. The market has renowned players such as



  • Goal Zero(US)

  • Honda(Japan)

  • Ecoflow(US)

  • Drow Enterprise(China)

  • ChargeTech(US)

  • Scott Electric(US)

  • Milwaukee Electric Tool(US)

  • Lion Energy(US)

  • Li Power(Shenzhen) Technology(China)

  • Suaoki(Japan)

  • Jackery(US)


Most of the major players are going for acquisitions, new agreements, partnerships, and investing in research and development projects to expand their business portfolio. For example, Jackery(US) and Honda(Japan) have signed an agreement to launch portable solar units.


Recent Development



  • R600 Portable power station was launched by EcoFlow. The capacity of this unit can be increased by using an external battery. This product helps in lowering the power requirement of various electronic devices by running them at a lower wattage.

  • VTOMAN Technology had launched a new product Jump 1500. This is the world’s first portable power station in the world that has a backup of an extra battery and 12 V Jumpstarters.


Report Overview


The overview of the Portable Power Station Market Report is given here. The report includes the following important points:



  • Market Overview

  • COVID-19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Analysis

  • Recent Development


Report Scope and Segmentation


The Portable Power Station Market Report presents all the important aspects of this market.


Due to the increased usage of smart electronic gadgets, high disposable income, increasing awareness of people towards reduction of carbon emission, and strict government initiatives, the Portable Power Station Market is expected to grow rapidly in the coming years.


The Portable Power Station Market Outlook provides information like market segmentation, challenges, growth opportunities, CAGR, key players, revenue, market drivers, and challenges of the global Portable Power Station Market during the period 2022-2028.



  • Study Period-2022-2028

  • Base Year-2022

  • Forecast Period-2022-2028

  • Historical Period-2019-2021


Segmentation


Based on operation type



  • Solar Power

  • Direct Power


Based on Technology Type



  • Lead-acid

  • Lithium-ion


Based on capacity type



  • Less than 500 WH

  • 500 WH-999 WH

  • 1000 WH-1499 WH

  • 1500 WH and more


Based on application



  • Off-grid Power

  • Emergency Power

  • Automotive Power



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 735.88 Million
  CAGR   8.14% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  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

  • growing demand is increasing in the use of smart devices
  • the requirement for uninterrupted power across applications


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    Frequently Asked Questions (FAQ) :

    The portable power station global market is predicted to grow at a 8.14% CAGR between 2020- 2030.

    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).