The Global Portable Power Station Market is expected to witness around 7.2% CAGR during the forecast period, i.e., 2022-27, says MarkNtel Advisors in their research report. The burgeoning use of smart electronic devices and the surging inclination of people toward recreational activities are the prime factors driving the market through 2027.
Portable Power Stations are rechargeable power backup generators that can charge smartphones, drones, cameras, laptops, etc., and are highly helpful when there is no power grid available. They operate on a plug-and-play approach and generate electric power in a matter of a few moments.
Further, aging electricity grid infrastructure and growing concerns regarding Green House Gas (GHG) emissions are other crucial aspects expected to fuel the overall market growth in the coming years. However, high costs associated with battery-based portable power stations and the lack of awareness among emerging nations about the application of these stations to minimize energy prices & carbon emissions are the key aspects that might hinder the global market during the forecast period, further states the research report. “Global Portable Power Station Market Analysis, 2022.”
Demand for Lithium-Ion Portable Power Stations to Witness Fastest Growth during 2022-27
The rapidly growing demand for Lithium-Ion portable power stations owes primarily to their affordability. They also aid in reducing the operational costs of portable power stations. Moreover, lithium-ion portable power stations are lighter in weight, offer higher energy density, faster charging, & better durability than lead-acid-based power stations.
Additionally, these power stations are safe for both environments & consumers since they do not contain any toxic heavy metals like cadmium or lead that can harm if leaked. Hence, owing to the aspects cited above, the demand for lithium-ion portable power stations is projected to increase astronomically in the coming years.
“Global Portable Power Station Market Analysis, 2022” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
North America Dominates the Global Portable Power Station Market
The highest requirements for consumer electronics in Canada and the US and the rapidly increasing camping & other recreational activities in North America are the prime aspects driving the regional market. Moreover, stringent government regulations across the region to curb carbon emissions and the booming use of smart electronics are other crucial aspects expected to propel the regional market growth in the years to come, reveals MarkNtel Advisors in their research report, “Global Portable Power Station Market Analysis, 2022.”
According to MarkNtel Advisors, the leading industry players in the Global Portable Power Station Market are Goal Zero, Jackery, Lion Energy, Ecoflow, Li Power (Shenzhen) Technology, Chargetech, Midland, Duracell, Drow Enterprise, Suaoki, Scott Electric, Milwaukee Tools, Anker Technology, Bluetti, and Allpowers Industrial International.
Key Questions Answered in the Study