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2021
Portable Power Station Market

Portable Power Station Market by Capacity (Less than 500 Wh, 501-1, 000 Wh, 1, 001–1, 500 Wh, and 1, 500 Wh or more) and Application (Emergency Power, Off-Grid Power, and Automotive): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11700
Pages: 200
Aug 2021 | 5866 Views
Author(s) : Snehal Mohite, Rutuja Danekar , Eswara Prasad
Tables: 154
Charts: 48
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Portable Power Station Market Outlook - 2030

The global portable power station market size was valued at $3.9 billion in 2020, and is projected to reach $5.8 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Portable power stations are used for long-term energy supply through capture, storage, and electricity supply in immediate manner while achieving sustainability as compared to conventional power stations in locations around the globe. Portable power stations enable a modular, smarter, and more resilient power generation infrastructure through peak demand management. Increased integration of renewable energy is possible in portable power stations. Portable power stations provide electricity in a plug-and-play manner and generate power in a couple of moments. Furthermore, they aid in the reduction of carbon dioxide (CO2) emissions. During peak shifting, portable power stations can provide additional electricity. They also support grid networks at a short notice, for any period of time or seasonally, if required. Traditionally, portable power stations are suitable for power outages and long-term energy supply whenever there’s an immediate or emergency need of electricity.

COVID-19 pandemic outbreak across the globe has resulted in halting of industrial manufacturing activities amid government imposed lock down measures. Due to this the demand for portable power station is expected to decline which is likely to hamper the growth of the market during the forecast period.

Increased use of smart grid services, ageing electricity grid infrastructure, and increased use of power in remote places are all key drivers of the global market. In remote places, developing countries must provide reliable access to power. Traditional centralized networks are incapable of providing cost-effective basic electricity to neglected areas in a timely manner. The potential for remote and dispersed power systems to supply electricity around the world is expected to increase the portable power station market in developing countries around the world during the forecast period. 

Portable-Power-Station-Market-2021-2030

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Concerns about CO2 and greenhouse gas emissions have motivated significant investments in renewable energy generation around the world. Portable power stations are commonly used to store renewable energy and provide power when it is needed. Therefore, it is expected that during the forecast period, the technological shift towards renewable energy generation will promote the development of the global market for portable power station. The portable power station provides a reliable power source through the AC inlet and the USB socket. Furthermore, power station is widely used because they can be easily transported to remote areas. Therefore, more and more consumers are willing to invest in portable power station for personal use, which is expected to promote the development of the global portable power station market during the forecast period. The lack of awareness of the usefulness of portable power station in reducing energy costs and carbon dioxide emissions in developing countries is a major limiting factor in the global market.

The portable power station market analysis has been done into capacity, application, and region. By capacity, it is fragmented into less than 500 Wh, 501-1,000 Wh, 1,001-1,500 Wh, and 1,500 Wh or more. By application, it is classified into emergency power, off-grid power and automotive. Region wise, the market is studied throughout North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Anker Technology, Bluetti, Duracell, EcoFlow, Goal Zero, Jackery, Lion Energy, Milwaukee Tool, Scott Electric, and Suaoki. The global portable power station market report provides in-depth competitive analysis as well as profiles of these major players.

Portable power station market, by capacity

By raw material, the 501-1,000 Wh segment dominated the market and accounted for 37.6% of portable power station market share, owing to its usage in various applications, including off-grid power.

Portable Power Station Market
By Capacity

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501-1,000 Wh is projected as the most lucrative segment.

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Portable power station market, by application

By application, the off-gird power segment is projected to grow at the highest rate during the portable power station market forecast period. The demand to power modern electronic equipment such as laptops, smartphones, etc., is driving the market for the off-grid segment.

Portable Power Station Market
By Application

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Emergency Power is projected as the most lucrative segment.

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Portable power station market, by region 

By region, North America is the largest market in the world, predominantly due to the U.S., and the trend is expected to be the same during the forecast period. 

Portable Power Station Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Key benefits for stakeholders

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the portable power station industry for strategy building.
  • It outlines the current portable power station market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, & portable power station market opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact of COVID-19 on the global portable power station market

As people remain isolated in their homes, COVID19 continues to have a major impact on tourism and air travel globally. Closed destinations and hotels, as well as travel restrictions, camping and outdoor recreation will affect travel and tourism. According to data from the World Tourism Organization (UNWTO), all tourist destinations in the world have implemented travel restrictions, 97 destinations (45%) have totally or partially closed their tourist borders, and 65 destinations (30%) have been totally or International flights partially suspended, and 39 destinations (18%) are closing borders, prohibiting passengers from certain countries of origin. COVID19 has already affected the Asia-Pacific region, Europe, the Middle East, and North America. Additionally, impact of COVID-19 on camping and other outdoor industry affecting portable power station sales. The above restrictions have directly impacted the portable power station market growth globally.

Key Market Segments

By Capacity 

  • Less than 500 Wh
  • 501-1,000 Wh
  • 1,001-1,500 Wh
  • 1,500 Wh or more 

By Application

  • Emergency Power
  • Off-grid Power
  • Automotive 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

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The portable power station market is moving toward growth stabilization phase in its industry life cycle. The factors driving the growth of the market for portable power station include rise in demand for emergency power, off-grid power, and automotive. The portable power station is safe, reliable, noise-free, easy to use, low-maintenance and inexpensive. The growing emphasis on camping and outdoor recreation and the increasing use of smart electronic devices is driving the growth of the portable power plant market. Furthermore, the increasing popularity of solar equipment and portable solar power stations is expected to drive the growth of the portable power station market during the forecast period.

North America constitutes the largest market for the industry and generated revenue of $ 1,462.2 million in 2020 as the region houses major portable power station companies, especially in the U.S. In addition, the market in this region is being promoted with increasing emphasis on camping and outdoor recreation. Activities, the increasing use of smart electronic devices, and the consequent need for connectivity, which require energy.

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FREQUENTLY ASKED QUESTIONS?

A. North America region will provide more business opportunities for portable power station market in coming years

A. Application segment holds the maximum share of the portable power station market

A. To get latest version of portable power station market report can be obtained on demand from the website.

A. The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.

A. Bluetti, Duracell, EcoFlow, Goal Zero, Jackery, Lion Energy, and Milwaukee Tool are the top players in portable power station market.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. Emergency Use application is the potential customers of portable power station industry

A. The global portable power station market was valued at $5.8 Billion in 2030

A. The surge in need for connection and the ability to stay online for extended periods is propelling the worldwide portable power station market growth. Another important reason fueling the rise of portable power stations in North America is the increase in usage of smart electronics devices.

A. Emerging trend to adopt healthy lifestyle and to distract one from mundane chores, consumers are preferring long duration recreational activities that involve trekking, long drives, picnics, and others. To stay connected on such activities is propelling the global portable power station market.

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