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Global Portable Power Station Market to Grow at a CAGR of 8.01% During 2021-2026, Aided by the Rising Interest in Outdoor Activities

According to a new report by EMR titled, ‘Global Portable Power Station Market Report and Forecast 2021-2026’, the global market for portable power station attained a value of about USD 330.2 million in 2020. The industry is further expected to grow at a CAGR of 8.01% in the forecast period of 2021-2026 to reach a value of approximately USD 520.7 million by 2026.

North America holds a significant share of the market for portable power stations due to enhanced interest in outdoor activities in the region. The extensive use of electronic devices in the region is surging the deployment of portable power stations to charge such devices conveniently, which is augmenting the market growth. Moreover, the presence of leading companies in the region is surging the accessibility to new and innovative portable power stations, which is propelling the growth of the market. Meanwhile, the Asia Pacific region is experiencing robust growth due to the extensive automotive manufacturing in India and China, hence increasing the deployment of portable power stations.

Jackery Inc., one of the leading companies in the market, launched Jackery Solar Generator 2000 in March 2021. The product is equipped with Solarpeak Technology to enhance the performance of the products by enabling it to be charged to 80% from zero per cent in about 2.5 hours. The technology also enables the station to detect the highest solar input for efficient charging. It is designed to meet the demand for about 90% green outdoor power supply. The station also utilises a built-in 1000 watts battery charger to boost charging efficiency. Moreover, the station is manufactured with about 211 tests under the company’s manufacturing standards and is designed in a foldable and portable shape. The development of such innovative portable power stations is expected to increase their use and augment the market growth. Such products are estimated to be used in automotive companies like Daimler AG (OTCMKTS: DDAIF), which is anticipated to augment the market growth in upcoming years.

Market Analysis by Power Type, Capacity, Technology, Distribution Channel, Application, and Region:

  • The market, on the basis of power type, can be divided into direct power and hybrid power.
  • On the basis of capacity, the market is segmented into less than 500 Wh, 501-1,000 Wh, 1,001-1,500 Wh, and above 1,500 Wh, among others.
  • Based on technology, the industry can be divided into lithium-ion and sealed lead-acid.
  • The distribution channels for portable power station include online and direct sales.
  • By application, the market is classified into emergency power, off-grid power, and automotive, among others.
  • The regional markets for portable power station include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising demand for safe and high-quality portable power stations to enhance the reliability of power generation is fuelling the growth of the market.
  • The market is being aided by the integration of battery management systems in portable power stations, which is surging their durability and efficiency.
  • The increasing demand for lightweight portable power stations to enable outdoor usage while efficiently charging electronic gadgets is driving the market growth.
  • The rising preference for battery-powered portable power stations to eliminate carbon monoxide emissions and enhance the safety of power generation is providing impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for portable power station for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the power types, capacities, technologies, distribution channels, applications, and major regions of portable power station.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global portable power station market are Goal Zero LLC, Jackery Inc., Fantasia Trading LLC, Suaoki, and Battery-Biz, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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