Westford, USA, Nov. 27, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global portable power station market size will reach a value of USD 1037.58 Million by 2031, with a CAGR of 8.38% during the forecast period (2024-2031). It is likely that the market will grow as outdoor recreation activities are on the increase and as demand increases for reliable power sources in a remote place. Therefore, adventurers, campers, and outdoor enthusiasts will need portable, lightweight, and effective power options for complementary charging for their off-grid electrical devices. Basically, a portable power station will provide this customer need: a reliable and convenient energy supply while improving outdoor activity. For the portable power stations market, the continuing expansion in the electrical vehicle (EV) market definitely provides a significant avenue of opportunity.
Browse in-depth TOC on the ” Portable Power Station Market”
Pages – 195
Tables – 95
Figures – 76
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Portable Power Station Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 545.04 Million |
| Estimated Value by 2031 | USD 1037.58 Million |
| Growth Rate | Poised to grow at a CAGR of 8.38% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Capacity, Battery Type, Power Source, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Improved Sensitivity Toward Multifunctionality |
| Key Market Opportunities | Increased Outdoor Recreation |
| Key Market Drivers | Increasing demand for sustainable energy sources |
Lithium-Ion to Hold Significant Growth due to Enabling Compact and Lightweight Designs
Lithium-ion batteries dominate the global portable power station market due to their high energy density, enabling compact and lightweight designs. Customer expectations from reliable, high-efficiency power sources are fulfilled by long cycle life and fast charge characteristics. Besides, decreased production cost and increasing installed renewable energy systems drive the global portable power station market growth through making them competitive and sustainable.
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500 Wh to 1,499 Wh to Lead Market due to Balance Between Capacity and Portability
The 500 Wh to 1,499 Wh segment dominates the global portable power station market due to its balance between capacity and portability. The versatility range caters for numerous applications, from outdoor fun to emergency backup – and hence it is engineered to meet consumer preferences for versatility. According to the global portable power station market analysis, advances in battery technology and the growing demand for dependable off-grid power solutions push it further into acceptance.
North America to Dominate Market due to High Consumer Adoption of Off-Grid Solutions for Outdoor Activities
North America dominates the global portable power station market due to high consumer adoption of off-grid solutions for outdoor activities and emergency preparedness. The region’s leadership in the global portable power station market outlook is also bolstered by increasingly high demand for backup power sources also results from natural disasters. It further complements adoption of eco-friendly power schemes from extensive integration of renewable energy sources. In addition, with fast technological developments and a robust distribution network, the region is able to maintain its leadership in the market.
Portable Power Station Market Insight
Drivers:
- Growing Demand for Portable Power Solutions
- Rising Frequency of Natural Disasters
- Growth of Renewable Energy Adoption
Restraints:
- Initial Purchase Price of Portable Power Stations
- Weight Concerns for Larger Models
- Limited Availability of Charging Infrastructure
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Prominent Players in Portable Power Station Market
- Anker Innovations
- ChargeTech
- Duracell Inc.
- EcoFlow
- Goal Zero
- iForway
- Jackery
- Lion Energy
- LIPOWER
- MIDLAND RADIO
- BLUETTI Power Inc
- Shenzhen Sungzu Technology Co., Ltd.
- Anker Technology (U.K.) Ltd.
- Klein Tools
- Shenzhen Lipower Energy Co., Ltd
Key Questions Answered in Global Portable Power Station Market Report
- What is the projected market size of the portable power station by 2031?
- Which battery type is expected to hold significant growth in the global portable power station industry, and why?
- Which region is expected to dominate the market?
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This report provides the following insights:
Analysis of key drivers (Subsidies & policies promoting clean energy, rising EV adoption, growing awareness of the backup power solutions), restraints (Dependency on weather for solar charging, lack sufficient infrastructure for quick recharging) opportunities (Powering remote locations, partnerships with outdoor and recreational brands) influencing the growth of portable power station market.
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the portable power station market.
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the portable power station market.
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia-Pacific.
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Source: GlobeNewswire – Press Releases