Portable Power Station Market

Portable Power Station Market wort $494 million by 2026

According to a research report "Portable Power Station Market by Power Source (Direct, Hybrid), Technology (Lithium-ion, Sealed lead-acid), Capacity (0–100, 100–200, 200–400, 400–1000, 1000–1500, ≥1500Wh), Sales Channel (Online, Offline), Application, Region - Global Forecast to 2026" published by MarketsandMarkets, the market size of global portable power station is expected to grow to USD 494 million by 2026 from an estimated USD 358 million in 2021, at a CAGR of 6.7 % during projected period. The global portable power station market is driven by the increasing use of smart electronic devices, growing demand for uninterrupted and reliable power, and stringent emission rules across regions such as North America, Asia Pacific, Europe, South America, and Middle East & Africa. The market is segmented by power source, technology type, capacity, application, sales channel, and region.

Browse 216 market data Tables and 39 Figures spread through 234 Pages and in-depth TOC on "Portable Power Station Market by Power Source (Direct, Hybrid), Technology (Lithium-ion, Sealed lead-acid), Capacity (0–100, 100–200, 200–400, 400–1000, 1000–1500, ≥1500Wh), Sales Channel (Online, Offline), Application, Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/portable-power-station-market-23592113.html

By power source, direct power is expected to be the second largest in the portable power station market.

The market is segmented by power source into hybrid power and direct power. The second largest share of the portable power station market is accounted by direct power in 2020. Direct power performs the unidirectional flow of an electric charge and is typically grid-connected power or power from an automotive battery. Portable power stations can also be charged by plugging into a vehicle’s 12 V outlet, which gives a DC supply. Direct power operation for portable power stations can be performed by wall charging, which gives AC supply and provides rapid charging. The advantage of using direct power is that there is no loss of supply or self-discharge. Consumers prefer direct power as it is cost-effective and does not require any additional accessories, e.g., solar panels, to charge the power stations. Direct power is used to charge portable power stations with different capacities, such as less than 500 Wh, 500 Wh to 1,000 Wh, 1,000 Wh to 1,500 Wh, and 1,500 Wh and above. Direct power charges the portable power stations two times faster than solar charging for capacity ranging from less than 500 Wh and 500 Wh to 1,000 Wh. Direct power takes ~20–25 hours for charging a battery with a capacity of 1,500 Wh and above, whereas solar power takes an average of 27 hours to charge the battery with the same capacity range.

By technology type, lithium-ion is projected to have a higher growth rate in the portable power station market.

The market is segmented by technology type into lithium-ion and sealed lead-acid. The lithium-ion segment is estimated to lead the market and is also expected to grow at highest CAGR during forecast period. The increasing need for high energy density, high durability, and faster charging, and availability of lithium-ion at affordable prices drive the growth of this segment

By capacity, 400–1,000 Wh is expected to dominate the portable power station market.

The market is segmented by capacity into 0−100 Wh, 100−200 Wh, 200−400 Wh, and 400−1,000 Wh, 1,000−1,500 Wh, and 1,500 Wh and above. The 400−1,000 Wh accounts for the largest market share in 2021. Such portable power stations are used to charge medium-sized devices, including TVs and medical devices. They provide longer hours of charging as compared with power stations with a capacity of less than 400 Wh.

By sales channel, online sales are projected to have a higher growth rate in the portable power station market.

The market is segmented by sales channel into online sales and direct sales. The online sales segment is estimated to lead the market and is also expected to grow at highest CAGR during forecast period. By selling portable power stations online, manufacturers can offer the end users the complete range of every product available, in every variation and feature.

By application, emerging power is expected to have the second largest share in portable power station market.

The emerging power segment is estimated to account for the second largest share in 2020. The demand for portable power stations for emergency power is driven by the increasing number of power outages due to severe weather events such as storms, earthquakes, and lightning, aging power grid infrastructure, excavation digging, high power demand during heat waves, and other times that overburden transformers, electric cables, and other transmission and electrical distribution equipment.

North America is expected to dominate the global portable power station market.

North America was the largest portable power station market in 2020 and was mainly driven by increasing use of smart electronic devices, power outages, and the growing number of camping and outdoor recreational activities in countries such as the US, Canada, and Mexico. Portable power stations are being increasingly implemented to effectively power smart electronic devices during such events so that people can stay connected.

To provide an in-depth understanding of the market’s competitive landscape, the report includes the profiles of some of the top manufacturers in the portable power station market. These players include Goal Zero (US), Jackery (US), Duracell (US), Milwaukee Tool (US), Anker Technology (England), Bluetti (US), EcoFlow (US), and Lion Energy (US).

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Portable Power Station Market Size,  Share & Growth Report
Report Code
EP 7675
PR Published ON
6/3/2021
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