Portable Power Station Market Demand & Growth Forecast by Leading Players to 2030

Global portable power station market size was valued at $3.9 billion in 2020, and is projected to reach $5.8 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Increase in use of smart electronic devices and rise in concerns regarding CO2 emission drive the growth of the global portable power station market. However, high cost of battery-powered portable stations hinders the market growth. On the contrary, rise in outdoor and camping activities would unlock new opportunities for the market players in the future.

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The main factors driving the growth of the global market are the increasing demand for smart devices (including smartphones and smart watches), as well as the demand for uninterruptible power supplies for applications such as emergency power supplies, automobiles and off-grid power supplies. However, the longer charging time and high cost of portable power stations are factors that are restraining the global portable power station market growth.

The portable power station market analysis has been done into capacity, application and region.

By capacity, the 501-1,000Wh segment held the largest share in 2020, accounting for nearly two-fifths of the global portable power station market, due to increase in demand for additional power capacity and charging electronic appliances with high power requirements across North America, Europe, and Asia-Pacific regions. However, the 1,500Wh or more segment is expected to manifest the highest CAGR of 4.6% during the forecast period, due to its usage in various applications, including off-grid power.

By application, the off-grid segment is projected to register the highest CAGR of 4.3% during the forecast period, due to rise in demand for smart electronic devices such as laptops and smartphones. However, the emergency use segment held the largest share in 2020, contributing to nearly three-fourths of the global portable power station market, as manufacturers have been lowering prices of batteries and equipment.

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By region, the market across North America held the largest share in 2020, accounting for nearly two-fifths of the market, as the U.S. is the largest portable power station market in the world. However, the global portable power station market across Asia-Pacific is anticipated to showcase the highest CAGR of 5.0% during the forecast period, owing to rise in use of smart electronics and the increased number of incidences of power outages in countries such as China, India, and Japan.

The major companies profiled in this report include Anker Technology, Bluetti, Duracell, EcoFlow, Goal Zero, Jackery, Lion Energy, Milwaukee Tool, Scott Electric, and Suaoki. The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.

Key findings of the study
• By region, North America is projected to grow at the highest CAGR of nearly 4.1%, in terms of revenue, during the portable power station market forecast period.
• By application, the emergency power segment accounted for the largest portable power station market share in 2020.
• By capacity, the 501-1,000 Wh segment garnered the largest market share in 2020

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