Global Portable Power Stations Market Size 2024, Forecast To 2033
11 Mar, 2024
The portable power stations market has displayed robust growth, advancing from $4.16 billion in 2023 to $4.46 billion in 2024, registering a significant compound annual growth rate (CAGR) of 7.3%. The surge in the historic period is linked to the growth of emerging markets, an increase in outdoor and camping activities, and a reduction in the cost of lithium-ion batteries. Moving forward, the market is poised for strong growth, projecting a size of $5.9 billion in 2028, sustaining a CAGR of 7.2%. Factors influencing this growth in the forecast period involve the increasing sales of smart electronic devices, rising urbanization, and a growing demand for electric vehicles. Key trends encompass a focus on product innovations, the development of solar rechargeable portable power stations, collaborations, acquisitions, the creation of portable power stations with smart assistance, and those with 4G/5G internet connectivity.
Global Portable Power Stations Market Key Driver
The portable power stations market is poised for growth due to the increasing use of smart electronic devices, leading to a greater demand for continuous and portable power sources. Smart electronic devices, embedded with microcontrollers for continuous connectivity, have become integral in modern homes. Portable power stations play a crucial role in providing electric power during power supply cuts or outdoor activities where constant electricity is not readily available. The Plume IQ Smart Home Market Report in August 2022 revealed that the average home has 17 connected devices in 2022, a 10% increase from the previous year. This surge in smart electronic devices contributes to the rising demand for portable power stations, as indicated by the market size projections for 2023, 2024, and 2028.
Get A Free Sample Of The Global Portable Power Stations Market ReportGlobal Portable Power Stations Market Segments
The portable power stations market covered in this report is segmented –
1) By Power Source: Hybrid Power, Direct Power
2) By Technology Type: Lithium-ion, Sealed Lead-Acid
3) By Capacity: 0-100 Wh, 100-200 Wh, 200-400 Wh, 400-1,000 Wh, 1,000-1,500 Wh, 1,500 Wh And Above
4) By Sales Channel: Online Sales, Direct Sales
5) By Application: Emergency Power, Off-Grid Power, Automotive, Other Applications
By Geography:The regions covered in the portable power stations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the portable power stations market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the portable power stations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Portable Power Stations Industry Players
Anker Innovations Technology, Berkshire Hathaway Inc, EcoFlow, NRG Energy, Inc. (Goal Zero), Chilwee Group Co., Ltd,Milwaukee Tool, Jackery, Shenzhen Sungzu Technology Co., Ltd, AlphaESS, BLUETTI, Allpowers Industrial International, CTECHI, VIPTEK, Luminous Power Technologies, Su-Kam Power Systems, Goal Zero India, Enerdrive, Goal Zero Australia, Ezy Power, Anker Technology Ltd, ABF Energy, Lyon Energy, MAN Energy Solutions, Aksa, Fuergy, Midland Radio Corp, Scott Electric Inc, Enel X, EVBox, Blink Charging Co, Ultimate Power Solutions Fzc, Atlas Copco Saudi Arabia, Leap Technologies FZC, United Transformers Electric, Terraco, Kenstan Design Tech, Monbat Batteries Plc, Electrocomp pty Ltd
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Portable Power Stations Market Overview
A portable power station is a larger capacity portable device with higher output power and AC outlets that provide off-grid electricity through a rechargeable battery. These are ideal and transportable (emergency) power sources that are needed for usage inside and outside of the home or while participating in outdoor activities so that a user can always utilize their electrical appliances.
Portable Power Stations Global Market Report 2023 provides data on the global portable power stations market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The portable power stations market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.