Portable Power Station Market By Size, Share and Forecast 2028

Summary

Report Description

Global Portable Power Station Market is expected to grow at a robust pace in the forecast period 2024-2028 due to the growing demand for smart devices such as smartphones and smartwatches, as well as the necessity for uninterrupted power in emergency situations, automotive applications, and off-grid applications. The global market for portable power stations is influenced by several significant factors. These factors include the rising usage of intelligent grid services, aging grid infrastructure, and increased energy consumption in remote areas. An integrated energy inverter within the portable power station enables the conversion of power from an internal battery into long-range electricity. With ample capacity and watt-hours, it can charge multiple external devices concurrently or one at a time. In comparison to other power generation methods, particularly those reliant on fuel, these devices offer enhanced safety and environmental cleanliness. They provide a secure and reliable source of energy that poses no risk to your home or loved ones. Additionally, electrically operated generators produce less noise compared to their petrol or diesel counterparts due to their absence of moving parts that require fuel combustion.

Cost reductions for lithium-ion batteries is accelerating the growth of Global Portable Power Station Market

To mitigate greenhouse gas emissions, the world is transitioning towards a low-carbon energy system. Thanks to significant cost reductions, renewable energy sources such as solar and wind are increasingly competitive in terms of price compared to fossil fuels. However, to achieve a balanced energy mix and modernize our transportation system, affordable energy storage solutions are imperative. Among various options, lithium-ion batteries have gained widespread popularity as the primary power source for portable energy storage devices. The lithium market, historically driven by battery demand, particularly from consumer electronics, has experienced a notable price decline in recent years. According to studies conducted by the Massachusetts Institute of Technology in March 2021, the cost of these batteries has decreased by 97%, making energy storage commercially viable for the first time. Notably, the cell component represents the highest cost within a lithium-ion battery. Considering these factors, it is anticipated that the Global Portable Power Stations Market will witness significant growth.

Increasing sales of smart electronic devices driving the growth of Global Portable Power Station Market

The worldwide electronics sector comprises companies engaged in the assembly, production, development, and research of electronic parts and apparatus. Electronics is widely recognized as one of the most innovative and rapidly evolving sectors. Intense competition drives businesses to strive for the first-mover advantage in bringing innovative technology to market. The industry for manufacturing electronics can be categorized into four primary divisions: consumer goods, industrial goods, governmental goods, and electronic components.

In recent times, considerable attention has been focused on various electronic devices such as alarm systems, home communication systems, electronic ovens, computers, video game systems, radios, smartphones, refrigerators, and televisions. These gadgets now boast advanced connectivity capabilities and user-friendly interfaces, aimed at enhancing user convenience. Despite the integration of energy-efficient technologies, the power consumption of these devices has experienced significant growth. Furthermore, the use of these applications necessitates a connection to smart devices, regardless of the user's location. This factor is anticipated to be a key driver in the expansion of the Global Portable Power Station market during the forecast period.

An increase in the demand for cutting-edge portable power stations is thriving the growth of Global Portable Power Station Market

The market is witnessing expansion due to the increasing demand for lightweight, portable power units that cater to both indoor and outdoor applications. The growing number of gadgets owned by individuals has led to a surge in the need for portable power stations with multiple output ports. Additionally, the rising demand for energy-intensive devices necessitates portable power stations with large battery capacities, thereby driving industry growth.

The adoption of lithium-ion technology is also on the rise, driven by the growing requirement for battery-operated portable power stations that deliver optimal energy to electronic devices. The environmental friendliness of lithium-ion batteries, as they do not emit carbon monoxide and are gas leak-proof, has contributed to their increasing popularity. Furthermore, their suitability as a power source in enclosed and hazardous environments makes them highly convenient. The market for global portable power stations is expected to witness further acceleration with the development of solar-powered portable power stations incorporating lithium-ion technology.

Maintenance for portable power units and low operational efficiency is causing hindrance to the growth of Global Portable Power Station Market

Due to several issues, periodic battery replacement and maintenance pose as market constraints for portable power stations. The overall affordability and accessibility of these power stations are affected by the need for battery replacements, resulting in increased user expenses. Potential buyers may be deterred by the cost of battery replacements or maintenance, particularly in price-sensitive regions. Additionally, users experience inconvenience due to the requirement for repairs. They must allocate time and resources to ensure proper battery maintenance, including monitoring its operation, cleaning, and potentially hiring experts for repairs. The longevity and sustainability of portable power stations are also influenced by their short battery life.

Fossil fuel-based generators are suitable for high-demand applications or situations that require a reliable power supply, given their higher power output and ability to operate continuously for extended periods. In comparison, portable power units often have lower power capacity and shorter operational lifespans before requiring recharging or refueling. This can pose challenges when powering energy-consuming equipment or in situations that demand continuous power usage. Furthermore, the convenience of fast refueling for fossil fuel generators may make them the preferred choice in certain circumstances.

Latest developments fueling the market growth

The RIVER small, a portable power source by EcoFlow, was introduced in October 2021 with a capacity of 210Wh. The RIVER tiny is the company's most compact and portable power plant. It can be fully charged in three hours using a home outlet and can also be charged using solar panels or EV charging stations.
In August 2021, the Yeti X line, as part of the net-zero initiative, was introduced as the fifth generation of Yeti power. REI was the exclusive retailer for the Yeti 200X at launch, which is the smallest and lightest in the line. The complete Yeti X line includes the Yeti 500X, 1000X, 1500X, 3000X, and the powerful 6000X. The inverters in the three largest models can power any device that can be plugged into an outlet.
For outdoor emergencies, iForway introduced the PS105N portable solar power station in November 2020. It offers excellent functionality for outdoor campers, photographers, business travelers, and CPAP ventilator users. Weighing 1.5 kg with a capacity of 154 Wh, it can easily fit in a briefcase and be transported by plane. The product can be used in temperature ranges from 0 to 40 degrees Celsius.
Anker Technology (U.K.) Ltd introduced the Anker 757 Powerhouse in April 2020, which is the world's most innovative and robust portable battery generator. The Anker 757 Powerhouse is powered by a lithium iron phosphate (LiFePO4) battery, known for its long lifespan and superior discharge and charge efficiency compared to other lithium-ion batteries.

Market Segmentation

The Global Portable Power Station Market is segmented based on technology type, capacity, power source, application, region, and competitive landscape. Based on technology type, the market is bifurcated into lithium-ion, and sealed lead-acid. Based on capacity, the market is segmented into less than 500 Wh, 500 Wh to 1,499 Wh, and 1,500 Wh and above. Based on power source, the market is bifurcated into hybrid power, direct power. Based on application, the market is segmented into off-grid power, automotive, emergency power. Based on region, the market is further divided into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Market players

The main market players in the Global Portable Power Station Market are Goal Zero LLC, Jackery, Inc., Duracell Inc., Milwaukee Electric Tool Corporation, Anker Innovations Technology Co., Ltd, Indiegogo, Inc., EcoFlow Technology Ltd., Lion Energy Ltd. LLC, Chargetech Enterprises, LLC, Major Oak Power, LLC.

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Attribute	Details
Base Year	2022
Historic Data	2018– 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments Covered	Technology Type Capacity Power Source Application Region
Regional scope	North America, Asia-Pacific, Europe, South America, Middle East & Africa
Country scope	United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE
Key companies profiled	Goal Zero LLC, Jackery, Inc., Duracell Inc., Milwaukee Electric Tool Corporation, Anker Innovations Technology Co., Ltd, Indiegogo, Inc., EcoFlow Technology Ltd., Lion Energy Ltd. LLC, Chargetech Enterprises, LLC, Major Oak Power, LLC
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Portable Power Station Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Portable Power Station Market, By Technology Type:

o Lithium-Ion

o Sealed Lead-Acid

Portable Power Station Market, By Capacity:

o Less than 500 Wh

o 500 Wh to 1,499 Wh,

o 1,500 Wh and Above

Portable Power Station Market, By Power Source:

o Hybrid Power

o Direct Power

Portable Power Station Market, By Application:

o Off-Grid Power

o Automotive

o Emergency Power

Portable Power Station Market, By Region

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ India

§ Japan

§ South Korea

§ Australia

§ China

o Europe

§ Germany

§ United Kingdom

§ France

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Saudi Arabia

§ South Africa

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Portable Power Station Market.

Available Customizations:

Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to ten).

The Global Portable Power Station Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Portable Power Station Market

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Technology Type (Lithium-Ion, Sealed Lead-Acid)

5.2.2. By Capacity (Less than 500 Wh, 500 Wh to 1,499 Wh, and 1,500 Wh and Above)

5.2.3. By Power Source (Hybrid Power, Direct Power)

5.2.4. By Application (Off-Grid Power, Automotive, Emergency Power)

5.2.5. By Region

5.3. By Company (2022)

5.4. Market Map

6. North America Portable Power Station Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Technology Type

6.2.2. By Capacity

6.2.3. By Power Source

6.2.4. By Application

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Portable Power Station Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Technology Type

6.3.1.2.2. By Capacity

6.3.1.2.3. By Power Source

6.3.1.2.4. By Application

6.3.2. Canada Portable Power Station Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Technology Type

6.3.2.2.2. By Capacity

6.3.2.2.3. By Power Source

6.3.2.2.4. By Application

6.3.3. Mexico Portable Power Station Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Technology Type

6.3.3.2.2. By Capacity

6.3.3.2.3. By Power Source

6.3.3.2.4. By Application

7. Asia-Pacific Portable Power Station Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Technology Type

7.2.2. By Capacity

7.2.3. By Power Source

7.2.4. By Application

7.2.5. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Portable Power Station Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Technology Type

7.3.1.2.2. By Capacity

7.3.1.2.3. By Power Source

7.3.1.2.4. By Application

7.3.2. India Portable Power Station Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Technology Type

7.3.2.2.2. By Capacity

7.3.2.2.3. By Power Source

7.3.2.2.4. By Application

7.3.3. Japan Portable Power Station Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Technology Type

7.3.3.2.2. By Capacity

7.3.3.2.3. By Power Source

7.3.3.2.4. By Application

7.3.4. South Korea Portable Power Station Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Technology Type

7.3.4.2.2. By Capacity

7.3.4.2.3. By Power Source

7.3.4.2.4. By Application

7.3.5. Australia Portable Power Station Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Technology Type

7.3.5.2.2. By Capacity

7.3.5.2.3. By Power Source

7.3.5.2.4. By Application

8. Europe Portable Power Station Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Technology Type

8.2.2. By Capacity

8.2.3. By Power Source

8.2.4. By Application

8.2.5. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Portable Power Station Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Technology Type

8.3.1.2.2. By Capacity

8.3.1.2.3. By Power Source

8.3.1.2.4. By Application

8.3.2. United Kingdom Portable Power Station Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Technology Type

8.3.2.2.2. By Capacity

8.3.2.2.3. By Power Source

8.3.2.2.4. By Application

8.3.3. France Portable Power Station Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Technology Type

8.3.3.2.2. By Capacity

8.3.3.2.3. By Power Source

8.3.3.2.4. By Application

8.3.4. Spain Portable Power Station Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Technology Type

8.3.4.2.2. By Capacity

8.3.4.2.3. By Power Source

8.3.4.2.4. By Application

8.3.5. Italy Portable Power Station Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Technology Type

8.3.5.2.2. By Capacity

8.3.5.2.3. By Power Source

8.3.5.2.4. By Application

9. South America Portable Power Station Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Technology Type

9.2.2. By Capacity

9.2.3. By Power Source

9.2.4. By Application

9.2.5. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Portable Power Station Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Technology Type

9.3.1.2.2. By Capacity

9.3.1.2.3. By Power Source

9.3.1.2.4. By Application

9.3.2. Argentina Portable Power Station Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Technology Type

9.3.2.2.2. By Capacity

9.3.2.2.3. By Power Source

9.3.2.2.4. By Application

9.3.3. Colombia Portable Power Station Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Technology Type

9.3.3.2.2. By Capacity

9.3.3.2.3. By Power Source

9.3.3.2.4. By Application

10. Middle East & Africa Portable Power Station Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Technology Type

10.2.2. By Capacity

10.2.3. By Power Source

10.2.4. By Application

10.2.5. By Country

10.3. Middle East & Africa: Country Analysis

10.

10.1.

10.2.

10.3.

10.3.1. Saudi Arabia Portable Power Station Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Technology Type

10.3.1.2.2. By Capacity

10.3.1.2.3. By Power Source

10.3.1.2.4. By Application

10.3.2. South Africa Portable Power Station Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Technology Type

10.3.2.2.2. By Capacity

10.3.2.2.3. By Power Source

10.3.2.2.4. By Application

10.3.3. UAE Portable Power Station Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Technology Type

10.3.3.2.2. By Capacity

10.3.3.2.3. By Power Source

10.3.3.2.4. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1. Goal Zero LLC

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services Offered

13.2. Jackery, Inc.

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services Offered

13.3. Duracell Inc.

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services Offered

13.4. Milwaukee Electric Tool Corporation

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services Offered

13.5. Anker Innovations Technology Co. Ltd

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services Offered

13.6. Indiegogo, Inc.

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services Offered

13.7. EcoFlow Technology Ltd.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services Offered

13.8. Lion Energy Ltd. LLC

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services Offered

13.9. Chargetech Enterprises, LLC

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services Offered

13.10. Major Oak Power, LLC

13.10.1. Business Overview

13.10.2. Key Revenue and Financials

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What is a portable power station?

A portable power station is a device equipped with an integrated energy inverter that can efficiently convert stored battery power into usable electricity. With adequate capacity and watt-hours, it can charge multiple external devices simultaneously or individual.

What are the challenges faced by Global Portable Power Station Market?

The challenges faced by the Global Portable Power Station Market include the more time-consuming and costly process of deploying battery-based portable power stations.

ho are the major market players in the Global Portable Power Station Market?

Major players in the Global Portable Power Station Market are Goal Zero LLC, Jackery, Inc., Duracell Inc., Milwaukee Electric Tool Corporation, Anker Innovations Technology Co., Ltd, Indiegogo, Inc., EcoFlow Technology Ltd., Lion Energy Ltd. LLC, Chargetech Enterprises, LLC, Major Oak Power, LLC.

Which is expected to be the dominating region in the Global Portable Power Station Market?

North America is poised to dominate the market, driven by the increasing popularity of outdoor activities like camping and the utilization of smart electronic devices. The demand for energy storage and charging technologies is expected to witness a significant surge as awareness among consumers grows. In light of recent natural disasters causing blackouts, there has been a notable uptick in the purchase of portable power stations. Furthermore, the local market is projected to reach new heights fueled by mounting concerns regarding carbon emissions and the substantial demand for renewable energy storage solutions.

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Account Manager BD

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Press Release

Portable Power Station Market is Expected to Register Robust CAGR in the Forecast Period

Oct, 2023

Global Portable Power Station Market is projected to experience growth in the forecast period due to the provision of uninterruptible power supplies for a wide range of electronic devices.

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