Portable Power Station Market

Portable Power Station Market was estimated at USD 3,900 Million in 2020 and projected to grow at 4.1% CAGR during the forecast period.

Portable Power Station Market Overview

Portable power stations are called gasless or battery-powered inverter generators, storing electrical power in an internal battery for later use. Portable power stations are equipped with an AC outlet, DC carport, and USB charging point. It can be used to charge smartphones, laptops, and appliances like mini coolers, electric grills, and coffee makers, and many more.

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Major Portable Power Station Market Drivers

Increase in use of smart electronic devices and rising concerns among people regarding CO2 emission and greenhouse emission have encouraged manufacturers to invest in renewable energy generation. Portable power stations are designed to store renewable energy and can be used whenever needed. Thus, these factors are expected to support the market growth of portable power stations. Moreover, Portable power station can be easily transported to remote areas. The usefulness of portable power stations is making consumers willing to invest in portable power station for personal use, which can further drive the market growth.

Additionally, advancement in technology and investment in R&D activities has discovered a new innovative compound in Li-ion technology. It can store more lithium in positive and negative electrodes and will allow combining energy and power. The innovation in batteries will bring new opportunities for the manufacturers of portable power stations to produce more energy storage batteries.

Restraint in the Portable power station Market

However, Portable power station are expensive as compared to natural gas or fossil fuel generators. These generators are comparatively low cost because of several variety of fuels such as diesel, natural gas, and gasoline. Portable generators are generally inexpensive as compared with portable power station and can be a restricting factor for the market growth of portable power station.

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Power Source – Segment Analysis

Based on Power source, the hybrid power segment is expected to witness higher growth in the coming years. The benefit of using a hybrid power station is that it can be used or charged with other power sources where direct power access is limited or not available. Solar panels or solar power charging is primarily used at remote or off-grid locations to charge portable power stations. For instance, manufacturers such as Goal Zero and Jackery offer power stations that can be charged directly by electricity and solar panels.

Application – Segment Analysis

Based on Application, the off-grid power is projected to witness higher sales in the coming years. The factor for the growth of the segment is propelled by the growing camping and outdoor recreational activities where people use smart electronic devices such as laptops, smartphones, and other devices. These activities let people out of the electricity grid (system of connected wires and power stations), which has led to an increase in demand for portable power stations. For Instance, EcoFlow offers a product named RIVER Max Portable Power Station, which can be used as a portable solar power generator and the extra battery that provides power for outdoor adventures and emergencies. It uses X-Stream charge technology which charges power stations from 0-80% within an hour.

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Regional – Segment Analysis

Based on region, the North America region is expected to grow as the largest market for Portable power station globally during the forecast period. The factor significantly growing the demand is the presence of major portable power stations companies , in US such as Goal Zero, Jackery, Duracell and others. Moreover, increasing adoption of smart electronic devices is driving the growth in this region. Advantages such as recharge ability, low maintenance, safe to use, and convenient in size are some of the key factors.

Top Market Players

Several leading companies in the market include Bluetti Power Inc., EcoFlow, Goal Zero, Jackery, Portable Electric, Duracell, Lion Energy, Suaoki, ChargeTech, Midland Power Inc., among others.

Key Developments:

• • In 2021, Bluetti launches EB70, a powerful power station to provide high-quality, eco-friendly power solutions at an affordable price. It comes with a long-lasting LiFePO4 battery and an internal protection controller that ensures the complete safety of your battery and appliances.
  • In 2019, SunPower has partnered with EcoFlow to manufacture a portable solar charging power station to provide customers with an efficient and green solution for portable power.

Segments covered in the Report:

The Portable power station Market has been segmented based on Power Source, Application, and Region. Based on Type, the market is segmented into Direct Power, Hybrid Power. Based on Application, market is segmented into Emergency Power, Off-Grid Power, and Automotive. Based on Technology, market is segmented into Lithium-Ion, Lead Acid, Others.

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Market Segmentation

Global Portable Power Station Market by Power Source

• • • Direct Power
    • Hybrid Power

Global Portable power station Market by Application

• • • Emergency Power
    • Off-Grid Power
    • Automotive

Global Portable power station Market by Technology

• • • Lithium-Ion
    • Lead Acid
    • Others

Global Portable power station Market by Region

• • North America Portable power station Market (Option 1: As a part of the free 25% customization)

    • North America Portable power station Market by Power Source
    • North America Portable power station Market by Application
    • North America Portable power station Market by Technology
    • US Portable power station Market All-Up
    • Canada Portable power station Market All-Up

  • Europe Portable power station Market (Option 2: As a part of the free 25% customization)

    • Europe Portable power station Market by Power Source
    • Europe Portable power station Market by Application
    • Europe Portable power station Market by Technology
    • UK Portable power station Market All-Up
    • Germany Portable power station Market All-Up
    • France Portable power station Market All-Up
    • Spain Portable power station Market All-Up
    • Rest of Europe Portable power station Market All-Up

  • Asia-Pacific Portable power station Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Portable power station Market by Power Source
    • Asia-Pacific Portable power station Market by Application
    • Asia-Pacific Portable power station Market by Technology
    • China Portable power station Market All-Up
    • India Portable power station Market All-Up
    • Japan Portable power station Market All-Up
    • Rest of APAC Portable power station Market All-Up

  • RoW Portable power station Market (Option 4: As a part of the free 25% customization)

    • RoW Portable power station Market by Power Source
    • RoW Portable power station Market by Application
    • RoW Portable power station Market by Technology
    • Brazil Portable power station Market All-Up
    • South Africa Portable power station Market All-Up
    • Saudi Arabia Portable power station Market All-Up
    • UAE Portable power station Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Portable power station Market All-Up

Major Players Operating in the Portable power station market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • • Bluetti Power Inc.
    • EcoFlow
    • Goal Zero
    • Jackery
    • Portable Electric
    • Duracell
    • Lion Energy
    • Suaoki
    • ChargeTech
    • Midland Power Inc