NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global portable power station market size is estimated
to grow by USD 206.2 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 9.06% during the forecast
period. Growing demand for uninterrupted and reliable
power during power outages is driving market growth, with
a trend towards growing outdoor and camping activities.
However, longer charging times of solar-powered portable power
stations poses a challenge. Key market players include AIMTOM
Co. Ltd., Allpowers Industrial International, Anker Technology UK
Ltd., Bluetti Power Inc., ChargeTech Inc., Drow Enterprise Co.
Ltd., EcoFlow, Energizer Holdings Inc., Fanttik Inc., Goal Zero
LLC, GoSun, Jackery Inc., Klein Tools Inc., Li power Shenzhen technology Co. Ltd., Lion Energy,
Midland Radio Corp., Milwaukee Electric Tool, ROCKSOLAR, The
Duracell Co., and TogoPower.
Get a detailed analysis on regions, market segments, customer
landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Off-grid
power, Emergency power, and Automotive), Technology (Lithium-ion
and Sealed lead-acid), and Geography (APAC, North America, Europe,
Middle East and Africa, and South America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
AIMTOM Co. Ltd.,
Allpowers Industrial International, Anker Technology UK Ltd.,
Bluetti Power Inc., ChargeTech Inc., Drow Enterprise Co. Ltd.,
EcoFlow, Energizer Holdings Inc., Fanttik Inc., Goal Zero LLC,
GoSun, Jackery Inc., Klein Tools Inc., Li power Shenzhen technology
Co. Ltd., Lion Energy, Midland Radio Corp., Milwaukee Electric
Tool, ROCKSOLAR, The Duracell Co., and TogoPower
|
Key Market Trends Fueling Growth
The global portable power station market is experiencing growth
due to the surge in outdoor recreational activities and the
resulting demand for camping lights and lanterns. Technology
advancements have increased the need for portable power sources to
charge these devices. The expansion of campsites worldwide is also
contributing to market growth. For instance, associations like the
Croatian Camping Union provide valuable information about
campsites, boosting participation. Rechargeable camping lights and
lanterns are gaining popularity due to their cost-effectiveness and
convenience, making them a significant market trend.
The portable power station market is experiencing significant
growth due to the increasing demand for reliable power sources.
These devices offer the convenience of providing electricity
on-the-go, making them popular among campers, construction sites,
and emergency situations. The technology behind these stations
continues to improve, with longer battery life and faster charging
capabilities becoming the trend. Additionally, the integration of
solar panels and other renewable energy sources is making portable
power stations more eco-friendly and sustainable. Companies are
focusing on creating more compact and lightweight designs to cater
to a wider audience. Overall, the portable power station market is
expected to continue its upward trajectory in the coming
years.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The portable power station market faces significant obstacles,
primarily long charging times and high costs compared to portable
generators. Solar-powered options depend on weather conditions,
which can increase charging duration in extreme situations. These
factors may hinder market growth during the forecast period.
- The Portable Power Station market faces several challenges.
Devices, such as laptops, smartphones, and cameras, require
constant charging. Logistics and costs are significant issues in
producing and transporting these power solutions. The need for
longer battery life and faster charging times is essential for
consumers. Additionally, the increasing demand for sustainable and
eco-friendly power sources adds complexity to the market.
Carbon-neutral and renewable energy-based portable power stations
are becoming increasingly popular. Markets like India and China have significant growth potential due to
their large populations and increasing urbanization. The
competition is fierce, with numerous players vying for market
share. Producers must differentiate themselves through product
innovation, pricing strategies, and customer service. The market is
expected to grow rapidly, with forecasted CAGRs of up to 15%.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This portable power station market report extensively covers
market segmentation by
- Application
- 1.1 Off-grid power
- 1.2 Emergency power
- 1.3 Automotive
- Technology
- 2.1 Lithium-ion
- 2.2 Sealed lead-acid
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Off-grid power- The portable power station
market is experiencing growth due to the increasing demand for
off-grid power systems, particularly in remote villages where grid
power is not accessible. Solar panels and energy storage systems
are driving the cost decline of clean energy microgrids.
Self-sustainable remote microgrids, which are not connected to
grids, use portable power stations and renewable energy sources to
meet the entire load. Energy storage systems are added to store
excess power, ensuring continuous and reliable electricity supply.
The market is expected to expand significantly during the forecast
period due to these factors.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Portable Power Station market has experienced significant
growth in recent years, driven by the increasing demand for outdoor
activities and the need for work-life balance. Consumers, including
millennials, Gen X, and Gen Z, seek reliable power sources for
camping households, tailgates, and around-the-home use. Gas
generators and DIY solutions have been popular choices, but
technological advances in consumer electronics and smart devices
have led to an increased preference for smart electronic equipment.
The "push" strategy of global governments towards low-carbon energy
systems and renewable energies further boosts the market. Portable
power stations with wireless network connectivity, long-lasting
batteries, and compatibility with various devices are in high
demand.
Market Research Overview
The Portable Power Station market encompasses innovative
solutions that offer reliable and sustainable power on-the-go.
These systems, consisting of rechargeable batteries and power
conversion technologies, cater to various applications, including
outdoor recreation, emergency preparedness, and remote work. The
market's growth is driven by increasing consumer demand for
uninterrupted power access and the proliferation of portable
electronic devices. Technological advancements, such as lithium-ion
batteries and solar charging capabilities, further enhance the
market's potential. Additionally, government initiatives and
corporate investments in renewable energy solutions contribute to
the market's expansion.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Off-grid Power
- Emergency Power
- Automotive
- Technology
-
- Lithium-ion
- Sealed Lead-acid
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio