Global Portable Power Station Market is projected to be valued at USD 482 Million by 2026, with 7.60% CAGR during the forecast period, 2020–2026. Portable power stations are rechargeable battery-powered generators that are equipped with USB charging ports that can help to charge all the devices, including smartphones, tablets, laptops, electric blankets, and others.
Global Portable Power Station Market, 2020–2026
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In 2019, North America dominated the portable power station market in terms of share: MRFR
The global portable power station market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. North America is expected to hold the largest share of the market during the forecast period. This is primarily due to the increasing focus of key players in the US on developing new battery power stations for various applications due to the increasing use of smart devices. In Asia-Pacific, China held the largest share of the regional market in 2018 due to the extensive use of portable power stations in the automotive sector and for smartphones. In Europe, Germany held the largest market share in 2018 and is expected to grow at the fastest rate during the forecast period, primarily due to the increase in the demand for solar installations. In the Middle East & Africa, the UAE is expected to be one of the leading markets for portable power stations. In South America, Brazil is expected to be leading the market due to the use of portable power stations majorly for emergency power supply and off-grid power applications.
The global portable power station market has been segmented based on operation type, capacity type, application, and technology type. Based on operation type, the global market is divided into direct power and solar power. The direct power segment is expected to hold a larger share of the market due to less charging time as compared to the solar power operation type. Based on application, the global market is segmented into emergency power, off-grid power, and automotive. The off-grid segment is estimated to register the fastest growth rate during the forecast period due to the increasing demand for smart electronic devices such as laptops and smartphones. Countries such as Indonesia, Nigeria, South Africa, the US, and India are entering into agreements to use portable power stations for camping trips and power outages. Based on technology type, the global portable power station market has been divided into lithium-ion and sealed lead-acid. The lithium-ion segment is expected to hold a larger share within the global portable power station market. The capacity type segment is divided into less than 500 WH, 500 to 999 WH, 1000 WH to 1499 WH, and 1500 WH and above. 500 to 999 WH segment is expected to hold the largest share during the forecast period due to its application in various applications, including off-grid power.
Global Portable Power Station Market is expected to grow at 7.60% CAGR during the forecast period.
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Scope of the Report
This report provides an in-depth analysis of the global portable power station market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global portable power station market by operation type, capacity type, technology type, application, and region.
The key players operating in the global portable power station market are Lion Energy (US), Goal Zero (US), Suaoki (Japan), Jackery (US), Ecoflow (US), Duracell (US), Li Power (Shenzhen) Technology (China), ChargeTech (US), Midland (US), Drow Enterprise (China), Scott Electric (US), and Milwaukee Electric Tool (US).
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