Global Portable Power Station

Global Portable Power Station Market Research Report: Forecast (2022-2027)

By Power Source (Direct, Hybrid), By Technology (Lithium-Ion, Sealed Lead-Acid), By Capacity in Wh (0–100, 101–200, 201–400, 4001–1000, 1001–1500, ?1500Wh), By Sales Channel (Online, Offline Read more

  • Energy
  • Nov 2021
  • 196
  • EN33012

Market Definition

Portable power stations are used to supply continued energy sources by capturing, storing and power supply in a quick time while being sustainable opposed to traditional power stations around the world. Portable power stations allow for an intelligent, flexible and more durable power generation system through managing peak demand. Portable power stations allow the use of renewable energies sources is possible. Portable power stations allow the supply of electricity in a the form of plug and play and generate electricity in only a couple of minutes. They also aid to reducing carbon dioxide (CO2) emission. Portable power stations can be used to supply additional power during times of peak shifts. They can also be connected to grid networks with a brief notice, during any length of time, or even seasonally in the event of need. Typically portable power stations are ideal for power outages as well as longer-term energy supply when there is an urgent or immediate need of power.

Market Insights

According to MarkNtel Advisors, the Global Portable Power Station Market is anticipated to grow at a CAGR of around 7.2% during the forecast period, i.e., 2022-27. A portable power station is capable of producing power in a few moments and can offer electricity supply in a plug-and-play manner. It can also support the grid network at any time, whenever required.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 7.2%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Italy
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil
Middle East & Africa: GCC, Africa
Key Companies Profiled Goal Zero, Jackery, Lion Energy, Ecoflow, Li Power (Shenzhen) Technology, Chargetech, Midland, Duracell, Drow Enterprise, Suaoki, Scott Electric, Milwaukee Tools, Anker Technology, Bluetti, Allpowers Industrial Internationa
Unit Denominations USD Million/Billion

 

The surging demand for uninterrupted power supply in remote places and the burgeoning need for decarbonization worldwide are the prime aspects driving the global market for portable power stations. Further, aging electricity grid infrastructure and the incapability of a centralized network to fulfill cost-effective basic electricity needs across underdeveloped areas are other crucial factors driving the market. Moreover, various developments in renewable power generation happening around, are also contributing to the overall market growth, further states the research report, Global Portable Power Station Market Analysis, 2022.”

For instance, in June 2020, EcoFlow launched its R600 portable power station on Kickstarter, a US-based public benefit corporation. Every R600 series portable power station comes with X-link; the technology enables two R600s to connect & double their power output and can transform them into a 1200W battery-powered generator.

Impact of Covid-19 on the Global Portable Power Station Market

  • Due to the COVID-19 pandemic, the risk & uncertainties in the Global Portable Power Station Market amplified significantly, which caused several challenges to the market growth.
  • The imposition of lockdown & strict movement restrictions affected global tourism & travel and led to the closure of restaurants, camps, and other outdoor sectors.
  • According to the World Tourism Organization (UNWTO), as of April 2020, almost all destinations worldwide enforced travel restrictions to control the Covid-19 crisis.
  • Moreover, prolonged lockdown across several regions hampered the manufacturing of electronics devices and disrupted the supply chain, which is another crucial aspect that severely affected the global market growth.

Global Portable Power Station Market Research Report: Forecast (2022-2027)

Market Segmentation

By Technology:

  • Lithium-Ion
  • Sealed Lead-Acid

Of both, the demand for Lithium-Ion (Li-ion) technology is expected to witness the fastest growth in the coming years, mainly due to the easy availability of lithium-ion portable power stations at affordable prices. Li-ion technology helps minimize the operational costs of power stations. This technology-based portable power station is lighter in weight & poses higher energy density than a lead-acid power station.

Further, in a lead-acid portable power station, the voltage continuously drops over time due to the self-discharge of the internal circuit, which, in turn, leads to the shutdown of the connected device at its minimum operating voltage. However, in a lithium-ion battery, the voltage does not drop until the battery is entirely exhausted. Moreover, Li-ion technology-based portable power stations offering faster charging and higher durability than lead-acid portable power stations is another prominent factor likely to lead them to attain the fastest growth in the coming years.

By Power Source:

  • Direct
  • Hybrid

Here, the Hybrid power source is projected to acquire the largest market share during 2022-27 since it can provide power at both remote & off-grid locations, where access to direct power is nil or limited. It utilizes solar power to charge portable power stations for activities, including camping & recreational vehicles. Further, hybrid power can supply uninterrupted power without any delay time and automatically detect a power outage. Thus, these factors lead to boosting the demand for the hybrid power source.

Regional Landscape:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia Pacific

Here, North America is projected to continue its dominance in the global market during the forecast period, primarily due to power outages, the mounting inclination of consumers toward camping & recreational traveling, and the maximum demand for consumer electronics in the region, especially across the US & Canada. Further, stringent norms regarding greenhouse gas emissions and mounting use of smart electronics are other crucial factors driving the Portable Power Station Market across North America.

Market Dynamics:

Key Drivers

  • Burgeoning use of smart electronic devices
  • Mounting need for uninterrupted power supply
  • Increasing concerns about greenhouse gas emissions
  • Surging power requirements across remote areas

Growth Challenges

  • Lack of awareness regarding the various benefits of portable power supply
  • High initial costs of portable power stations
  • Low operational capability of portable power stations compared to that of fossil fuel-based power generators

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Portable Power Station Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Portable Power Station Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Portable Power Station Market based on a competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Portable Power Station Market study?   

Frequently Asked Questions

A. The Global Portable Power Station Market is projected to grow at a CAGR of around 7.2% during 2022-27.

A. Hybrid Power Source is expected to acquire the largest market share and generate lucrative growth opportunities for the industry leaders during 2022-27.

A. North America is expected to continue its market dominance during 2022-27 and create immense growth opportunities for the leading market players.

A. The increasing demand for uninterrupted power supply across various industries and the surging usage of smart electronics are the key factors likely to drive the Global Portable Power Station Market through 2027.

A. With the upliftment of lockdown and movement & travel restrictions, the travel & tourism sector has picked up a rapid pace. Hence, in the coming years, the demand for portable power stations is expected to surge and, in turn, drive the global market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Global Portable Power Station Market
  4. Global Portable Power Station Market Trends & Insights
  5. Global Portable Power Station Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  6. Global Portable Power Station Market Policies & Regulations
  7. Global Portable Power Station Market Key Strategic Imperatives for Success & Growth
  8. Global Portable Power Station Market Analysis, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Power Source
        1. Direct
        2. Hybrid
      2. By Technology
        1. Lithium-Ion
        2. Sealed Lead-Acid
      3. By Capacity in Wh
        1. 0–100
        2. 101–200
        3. 201–400
        4. 4001–1000
        5. 1001–1500
        6.  ≥1500Wh
      4. By Sales Channel
        1. Online
        2. Offline
      5. By Application
        1. Emergency Power
        2. Off-Grid Power
        3. Automotive
        4. Others
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      7.  By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  9. North America Portable Power Station Market Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Power Source
      3. By Capacity in Wh
      4. By Sales Channel
      5. By Country
        1. The US
        2. Canada
        3. Mexico
        4. Others
    3. The US Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    4. Canada Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    5. Mexico Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
  10. South America Portable Power Station Market Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Power Source
      3. By Capacity in Wh
      4. By Sales Channel
      5. By Country
        1. Brazil
        2. Others
    3. Brazil Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
  11. Europe Portable Power Station Market Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Power Source
      3. By Capacity in Wh
      4. By Sales Channel
      5. By Country
        1. The UK
        2. France
        3. Germany
        4. Italy
        5. Others
    3. The UK Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    4. France Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    5. Italy Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    6. Germany Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
  12. Middle East & Africa Portable Power Station Market Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Power Source
      3. By Capacity in Wh
      4. By Sales Channel
      5. By Country
        1. GCC
        2. Africa
        3. Others
  13. Asia Pacific Portable Power Station Market Outlook, 2019-2027
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Power Source
      3. By Capacity in Wh
      4. By Sales Channel
      5. By Country
        1. India
        2. China
        3. Japan
        4. South Korea
        5. Australia
        6. Others
    3. India Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    4. China Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    5. Japan Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    6. South Korea Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
    7. Australia Portable Power Station Market Outlook, 2019-2027
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Power Source
        2. By Capacity
        3. By Sales Channel
  14. Competition Matrix
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profile (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
      1. Goal Zero
      2. Jackery
      3. Lion Energy
      4. Ecoflow
      5. Li Power (Shenzhen) Technology
      6. Chargetech
      7. Midland
      8. Duracell
      9. Drow Enterprise
      10. Suaoki
      11. Scott Electric
      12. Milwaukee Tools
      13.  Anker Technology
      14.  Bluetti
      15. Allpowers Industrial International
  15. Disclaimer
Global Portable Power Station Market Segmentation