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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Portable Power Station Market Size
The global portable power station market attained a value of about USD 416.08 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.9% to reach nearly USD 826.75 million by 2032.
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Portable Power Station Market Growth
The increasing incidences of power failure due to the growing prevalence of extreme weather conditions such as storms are surging the demand for portable power stations that can be used indoors. Moreover, the rising demand for high-quality and safe portable power stations to prevent leakage or accident is fuelling the market growth. The development of cost-effective and reliable portable power stations is providing further impetus to the growth of the market.
The surging use of battery management systems in portable power stations to provide solutions for short current protection, overcharge protection, and thermal charge protection and enhance their safety is driving the market growth. In addition, such systems monitor the health of batteries and cells to boost the lifespan of batteries, which is significantly contributing to the market growth. Battery management systems also enable the optimal use of residual energy while enhancing the durability of overall portable power stations, hence bolstering the growth of the industry.
Portable Power Station Market Segmentation
A portable power station is a portable station that uses rechargeable batteries to generate electricity for outdoor and emergency activities. It is safer than traditional power generators and offers easy usage. As interest in outdoor activities such as camping is surging, portable power stations are increasingly used to provide power supply in challenging conditions.
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The major power types of portable power station are:
- Direct Power
- Hybrid Power
The market can be broadly categorised on the basis of its capacities into:
- Less than 500 Wh
- 501-1,000 Wh
- 1,001-1,500 Wh
- Above 1,500 Wh
- Others
By technology, the market is bifurcated into:
- Lithium-Ion
- Sealed Lead-Acid
On the basis of distribution channels, the market is segmented into:
- Online
- Direct Sales
Based on application segments, the market is categorised into:
- Emergency Power
- Off-Grid Power
- Automotive
- Others
The emergency power segment is further bifurcated into residential and commercial.
The EMR report looks into the regional markets of portable power station like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Innovative Portable Power Stations to Augment the Market Growth
The growing demand for lightweight portable power stations that can be deployed in versatile indoor and outdoor applications is propelling the market growth. With the increasing ownership of multiple gadgets, the demand for portable power stations with various output ports is surging. This is also escalating the demand for portable power stations that provide high battery capacities to enable the functioning of energy-intensive gadgets, hence providing further impetus to the industry growth.
The rising demand for battery-powered portable power stations is leading to a surge in the deployment of lithium-ion technology to provide optimal energy to electronics products. As lithium-ion batteries do not release carbon monoxide, they are increasingly preferred in sustainable operations. Moreover, they do not emit gas, due to which they are easily deployed as an energy source in indoor and volatile applications. The development of lithium-ion technology integrated portable power stations that use solar energy to recharge is expected to augment the market growth.
Key Industry Players in the Global Portable Power Station Industry
The report presents a detailed analysis of the following key players in the global portable power station market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Goal Zero LLC
- Jackery Inc.
- Fantasia Trading LLC
- Suaoki
- Battery-Biz, Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Power Type |
|
| Breakup by Capacity |
|
| Breakup by Technology |
|
| Breakup by Distribution Channel |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Portable Power Station Market Report Snapshots
Portable Power Station Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global portable power station market attained a value of nearly USD 416.08 million.
The market is projected to grow at a CAGR of 7.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 826.75 million by 2032.
The major market drivers include the rising incidences of power cuts, the development of cost-effective and reliable portable power stations, and the increasing use of battery management systems in portable power stations.
The key trends guiding the market growth include the rising demand for lightweight portable power stations, the increasing ownership of multiple gadgets, and the growing demand for battery-powered portable power stations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various power types considered in the market report are direct power and hybrid power.
Less than 500 Wh, 501-1,000 Wh, 1,001-1,500 Wh, and above 1,500 Wh, among others, are the significant segments based on capacities of portable power station included in the market report.
The different technologies of portable power station are lithium-ion and sealed lead-acid.
The different technologies considered in the market report are lithium-ion and sealed lead-acid.
The major application segments of portable power station are emergency power, off-grid power, and automotive, among others.
The major players in the market are Goal Zero LLC, Jackery Inc., Fantasia Trading LLC, Suaoki, and Battery-Biz, Inc., among others.
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