Portable Power Station Market – Latest Report on the Current Trends and Future Opportunities to 2030

Portable power station market is projected to be worth USD 735.88 Million by 2030, registering a CAGR of 8.14% during the forecast period (2022 – 2030), The market was valued at USD 410 million in 2021.

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The market growth is attributed to rising use of smart electronic devices and huge requirement for uninterrupted power supply. Areas frequented by power outages caused by natural disasters are expected to be a lucrative market for portable power stations. Residents are shelling out for these generators for charging smartphones capable of calling emergency responders.  Moreover, discounts and deals for portable power stations on ecommerce portals can drive the market volume significantly. The large opportunity for consumer electronic products owing to restrictions on movement during the pandemic can be leveraged by market players.

The long charging times and high costs of these generators can restrain market growth.

Prominent Players

Goal Zero (US)
Jackery (US)
Lion Energy (US)
Ecoflow (US)
Li Power (Shenzhen) Technology (China)
ChargeTech (US)
Midland (US)
Duracell (US)
Drow Enterprise (China)
Scott Electric (US)
Suaoki (Japan)
and Milwaukee Electric Tool (US).

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Industry News

EcoFlow has launched the R600 portable power station for its customers whose capacity can be extended with the help of an external battery. It can lower the required power of electric appliances by running them efficiently at a lower wattage.

Global Portable Power Station Market Growth to Surge in Unprecedented Incidents of Power Outage

The global portable power station market is poised to command huge demand owing to power outages and need for charging stations of smart devices. The reliance on smart devices for daily tasks is likely to drive the market demand significantly. Use of various devices for consumption of content and need for uninterrupted power supply may push for its usage till 2026.

COVID-19 Impact:

The COVID-19 pandemic has hit the global portable power station market badly. Closure of public spaces and recreational activities can lead to a slump in sales. Restrictions on travel plans and closure of tourist destinations can negatively impact the market. But areas with frequent blackouts are commanding a huge demand for portable power stations to survive the pandemic.

Intended Audience:

  • Government and Research Organization
  • Consulting Companies in the Portable Power Station Market
  • Raw Material Suppliers
  • Research Consultants
  • Investors and Shareholders

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Regional Segmentation:

The portable power station market covers regions of North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa (MEA).

North America is set to dominate the global market owing to presence of power station manufacturers and prolific use of smart devices. Awareness of energy storage and charging devices can drive the market demand significantly. Major unnatural events that cause blackouts have led to customers procuring portable power stations. Concerns of carbon emissions and huge need for storage units of renewable energy can navigate the regional market to great heights.

On the other hand, APAC is expected to exhibit the highest growth rate over the assessment period. The large population and inclination towards smart devices by customers can drive regional market demand of portable power stations. The transition to renewable energy is likely to spur the demand for these units. Replacement of legacy grid infrastructure and need for developing countries to supply power in remote regions can drive the demand for portable power stations. Development of lithium-ion and phosphate batteries for powering these units can spur the market.

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Key Market Opportunities:

Longer charging times and the high cost of battery-powered portable power stations

Key Market Drivers:

Growing demand is increasing in the use of smart devices

The requirement for uninterrupted power across applications

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Tags: Energy, Power Station, Portable Power Station Market, Portable Power Station, Power

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Contact Information:

Wantstats Research and Media Private Limited
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America