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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.
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.
Portable Power Station Market Size
Portable Power Station Market Growth
Portable Power Station Companies
*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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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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