Portable Power Station - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Portable Power Station Market is accounted for $290.54 million in 2019 and is expected to reach $558.00 million by 2027 growing at a CAGR of 8.5% during the forecast period. Growing demand for uninterrupted and reliable power and increasing use of smart electronic devices are the major factors propelling the market growth. However, longer charging times and high cost of battery-powered portable power stations are hampering the market growth.
A portable power station is a rechargeable battery-powered generator that is used to charge smart phones, tablets, laptops, small appliances, like fans, mini coolers, electric blankets, mini-fridge, etc. Traditionally, portable power stations are suitable for power outages and long-term energy supply whenever there’s an immediate or emergency need of electricity. Portable power station is safe, reliable, noise-free, convenient for use, low maintenance, and also inexpensive.
Based on the application, the off-grid power segment is going to have a lucrative growth during the forecast period due to the increasing camping and outdoor recreational activities. The off-grid segment comprises the charging requirements for recreational vehicles and campsite equipment such as microwave ovens, refrigerators, campsites, electrical cooking equipment, etc. Portable power stations provide power to such equipment without causing any kind of noise, pollution, or fumes. Demand from certain camping activities could be seasonal, such as visits during the rainy season or visiting water parks during summers.
By geography, North America is going to have a lucrative growth during the forecast period due to the high electricity consumption, stringent federal policy directives and regulations concerning greenhouse gas emissions, rising energy costs, and increasing awareness about benefits of portable power stations in the region. The market in the region is driven by the growing emphasis on camping and outdoor recreational activities, and the increasing use of smart electronic devices and subsequent need for connectivity, which requires power.
Some of the key players profiled in the Portable Power Station Market include Aimtom, Anker Technology, Chafon, ChargeTech, Drow Enterprise, Duracell, EcoFlow, Goal Zero, Indiegogo, Jackery, Li Power (Shenzhen) Technology, Lion Energy, Midland, Milwaukee Tool, Rockpals, Scott Electric, Suaoki, and Tianbaotong Technology.
Operation Types Covered:
• Solar Power
• Direct Power
Product Types Covered:
• Battery Type
• Gas Type
• Diesel Type
• Sealed Lead Acid
• 1,000 Wh to 1,499 Wh
• 1,500 Wh and Above
• 500 Wh to 999 Wh
• Less than 500 Wh
• Emergency Power
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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