Global Portable Power Station Market Overview:
A portable power station refers to the powered battery generator equipped with DC. The portable power station generates electricity under certain conditions to convert chemical energy directly into electrical and thermal energy.
Global Portable Power Station Market Insights
The global portable power station market expected to increase market value by USD 625 million with an escalating CAGR in the forecast period from 2020-2027. The increasing use of smart electronic devices, the growing demand for uninterrupted and reliable power supplies, and the strict emission regulations are driving the market share for the global portable power station market. There is an urgent need for green power generation methods to alleviate pressure on environmental pollution and energy consumption. Markets such as wind energy and solar energy are encouraged by policies to continue to develop at high speed, and the current world mainly depends on photovoltaic power generation. Simultaneously, due to the scorching heat, many large cities often face peak power outages. People urgently need to deal with such temporary power outages, and portable energy storage power supplies have become the best choice for people when there is no power or power outage. Moreover, energy storage is of considerable significance to the use of new energy. As the cost of energy storage declines year by year, energy storage technology continues to improve, and energy storage is gaining more and more attention worldwide. Besides, with the increasing urbanization and industrialization, electricity is essential in daily life. Still, it often encounters a series of problems such as outdoor electricity use, equipment backup, and power outages. Due to the issues of a power failure and power outage, work cannot continue, and people’s daily lives are also affected. In the summer of peak power consumption, power outages are frequent. Portable storage power products have become their solutions to these problems. Therefore, the portable power station can widen. It is used not only in homes but also in the office, enterprise, crew, photography, travel, firefighting, medical, emergency rescue, and telecommunications base stations. Many other places may become potential consumer groups and fields for such products in the future.
Rising energy demand
Energy is an essential component for human survival and social development, as well as a necessary cornerstone of the national economy, national security, and sustainable development. With the development of human society, human demand for energy is increasing. Still, the ecological environment is continually deteriorating, and primarily greenhouse
gas emissions have led to increasingly severe global climate change. Therefore, it is urgent to adjust the energy structure and must develop new energy to meet the demand and must effectively and reasonably use the available power.
Rising government restrictions
The demand for portable power generation is emerging as the increasing greenhouse emission gases, global warming, long power cuts are propelling the government to take stringent actions to save the environment. Thus, various environmental protection bodies and governments are making guidelines strict the use of diesel generators as they pollute the environment.
By Operation Type Segmental Analysis
Based on the operation type, the global portable power station market segmented into Direct Power, Solar Power. The direct power segment estimated to dominate the maximum share of the global portable power station market in the forecast period. It is mainly due to the use of uninterrupted power operation in the power station. It helps in reducing charging time and cost, which has promoted the development of the DC power
supply market. Also, portable power stations based on DC power supplies do not cause power interruption or self-discharge, and they do not require any other accessories.
By Technology Type Segmental Analysis
Based on the technology type, the global portable power station market bifurcated into Lithium-ion, Sealed Lead Acid. The lithium-ion segment dominates the market share for the global portable power station market. The demand for high durability, high energy density, and faster charging is increasing. The supply of lithium-ion type products at an affordable price has driven the growth of this market segment. Besides, lithium-ion battery energy storage is currently the most feasible technical route in the development of energy storage products. Lithium-ion batteries
have the advantages of less self-discharge, no memory effect, extensive operating temperature range, rapid charge and discharge, prolonged service life, and no environmental pollution.
By Capacity Type Segmental Analysis
Based on the capacity type, the global portable power station market segmented into Less than 500 Wh, 500 Wh to 999 Wh, 1000 Wh to 1499 Wh, 1500 Wh and above. Less than 500 Wh capacity is capturing the highest share in the forecast period. It is mainly due to the rising construction-related activities with a high usage portable power station that have less than 500 Wh as in case of a power cut, and it helps to keep backup power source.
By Application Segmental Analysis
Based on the application, the global portable power station market categorized into Emergency Power, Off-grid Power, Automotive. The off-grid segment will have the highest share in the forecast period. It is mainly owing to the advantage of installing off-grid requires a small investment and have a fast effect. Also, the area requires for installing off-grid power is small, coupled with natural installation function is increasing its adoption. Moreover, the emerging demand for technologically advanced electronic equipment is driving the market share for the portable power station market.
By Region Segmental Analysis
Based on geography, the global portable power station market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is the world’s fastest-growing global portable power station market, accounting for the largest share. It is mainly due to the increasing outdoor activities; rising adoption of electronic devices is influencing the use of power connectivity, leading to the dominance of the region.
Companies such as Goal Zero, Jackery, Duracell, Milwaukee Tool, Anker Technology, Indiegogo, EcoFlow, Lion Energy, and others are players for the global portable power station market.
- Market research and consulting firms
- Industry associations
- Global portable power station manufacturing companies
- Research organizations and consulting companies’ portable power station
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling By Operation Type By Technology Type
By Capacity Type
- Sealed Lead Acid
- Less than 500 Wh
- 500 Wh to 999 Wh
- 1,000 Wh to 1,499 Wh
- 1,500 Wh and above
- Emergency Power
- Off-grid Power
- North America
- Asia Pacific
- South America
- Middle East & Africa