Global Portable Power Station Market, By Power Type (Direct, Hybrid); By Capacity (Below or equal to 250 Wh, 500 – 1000 Wh, 1000 – 1500 Wh, Above or equal to 1500 Wh); By Application (Emergency Power Supply, Off-Grid Power Supply, Automotive Charging, Def
Description
Global Portable Power Station Market, By Power Type (Direct, Hybrid); By Capacity (Below or equal to 250 Wh, 500 – 1000 Wh, 1000 – 1500 Wh, Above or equal to 1500 Wh); By Application (Emergency Power Supply, Off-Grid Power Supply, Automotive Charging, Defense, Others); By Sales Channel (Online, Offline); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Portable Power Station Market Growing Steadily: Projected to reach USD 554.4 Million by 2028
Growing recreational activities, rising tourism to countries with camping facilities, growing military expenditures, and growing demand for walkie-talkies are driving the growth of portable power station market. Furthermore, the booming EV industry is generating another potential income stream for the portable power station market, which is expected to spur the demand for portable power devices for charging EVs in remote areas with little to no direct access to electricity.
A study, recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global portable power station market reached USD 359.4 million in 2021. The market is further expected to reach USD 554.4 million by 2028 and is projected to grow at a CAGR of 6.4% during 2022-2028 (forecast period). The growing number of tourists visiting camping and recreational destinations, coupled with increasing military expenditures worldwide due to geopolitical tensions, and growing demand for electric vehicles in the world are contributing to the growth of the global portable power station market. Additionally, the staggering number of camping activities across developed nations and rising vaccination rates is driving the global portable power station market
Rising number of electric vehicles driving the demand for portable power stations
Over the past few years, electric vehicles have become increasingly popular worldwide. As outlined in the Global EV Outlook Report of 2021, EV sales grew by 43% in 2020, reaching 10 million as against 2019, despite the COVID-19 pandemic. China happens to be the biggest country in the EVs sector in terms of sales, with an estimated 4.5 million electric cars running on the roads in 2020. As against this, Europe registered the highest annual increase by registering 3.2 million in sales in just a year. Since electric vehicles are powered by electricity, they may run out of power in the middle of nowhere, which offers great opportunities to the global portable power station market. However, the number of EV charging stations is stagnant, leaving consumers with no choice but to look for alternatives, such as portable power stations of higher capacities, which has become a driving factor for the growth of the global portable power station market.
Online segment occupied the largest market share in the sales channel category
There are two main sales channels for the global portable power station market—online and offline. The online portable power station sales channel has garnered the maximum share in the global portable power station market in 2021. The pandemic has played a major role in boosting the demand for such electronic devices via online channels, which further augmented the segment’s growth. According to UNCTAD (United Nations Conference on Trade & Development), United States recorded a jump of 3% in online retail sales for 2018-2020, whereas South Korea registered a growth of 5.1% for the same period, indicating the rapid growth in online sales channel, thus demonstrating a growing potential for the segment in the coming years.
Global Portable Power Station Market: Regional Insights
The global portable power station market is segmented into five regions— North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these regions, North America held the largest share in the global portable power station market in 2021. In contrast to this, Europe is anticipated to register the fastest CAGR in the coming years. The U.S. houses a large number of manufacturers and consumers due to the widespread use of direct power stations, which enable portable power stations to be charged even in remote areas. However, with the increasing number of adventure sports and tourists flocking to Romania, which saw an increase from 11,7 million to 12,8 million in 2018-2019, Europe is also gaining ground as the fastest-growing market, thus driving the global portable power station market.
COVID Impact Analysis - Global Portable Power Station Market
The COVID-19 pandemic has negatively impacted the global portable power station market. As people were not able to leave their homes due to the nationwide lockdowns imposed by different countries, the investments directed toward recreational activities declined sharply. In addition to this, it led to a reduced demand for online sales of portable power stations as people didn’t require to charge their devices as they were spending the majority of the time at home. Furthermore, the production of raw materials used for manufacturing portable power stations has been negatively impacted as factories were forced to shut down as a result of government orders. However, in 2021, the consumption of such devices grew significantly in tandem with some relaxations for the production facilities, as well as fully vaccinated people, which allowed people to begin hiking and other recreational activities with their families, while leading to the growth of the global portable power station market.
The leading players in the global portable power station market are Jackery Inc., ChargeTech, EcoFlow Inc., Duracell Inc., Genius Media Group Inc., Li power Shenzhen technology Co. Ltd., LionEnergy LLC, Goal Zero LLC, Scott Electric Corp., Midland Radio Corp., Anker Innovations Technology, Bluetti Power Inc., VTOMAN Technology, Milwaukee Electric Tool Corporation, and other prominent players. The global portable power station market is moderately fragmented in nature with numerous players specialized in the production of such electronic devices. In addition, the presence of multiple industry players has led to a growing competition in the global portable power station market.
In October 2021, VTOMAN Technology, which happens to be an R&D provider for portable power solutions, announced the launch of Jump 1500, the world's first ever portable power station equipped with extra battery backup and 12V jump starter. The device is anticipated to augment the battery capacity to an astronomical 3096 Wh by connecting it to a secondary battery.
Global Portable Power Station Market Growing Steadily: Projected to reach USD 554.4 Million by 2028
Growing recreational activities, rising tourism to countries with camping facilities, growing military expenditures, and growing demand for walkie-talkies are driving the growth of portable power station market. Furthermore, the booming EV industry is generating another potential income stream for the portable power station market, which is expected to spur the demand for portable power devices for charging EVs in remote areas with little to no direct access to electricity.
A study, recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global portable power station market reached USD 359.4 million in 2021. The market is further expected to reach USD 554.4 million by 2028 and is projected to grow at a CAGR of 6.4% during 2022-2028 (forecast period). The growing number of tourists visiting camping and recreational destinations, coupled with increasing military expenditures worldwide due to geopolitical tensions, and growing demand for electric vehicles in the world are contributing to the growth of the global portable power station market. Additionally, the staggering number of camping activities across developed nations and rising vaccination rates is driving the global portable power station market
Rising number of electric vehicles driving the demand for portable power stations
Over the past few years, electric vehicles have become increasingly popular worldwide. As outlined in the Global EV Outlook Report of 2021, EV sales grew by 43% in 2020, reaching 10 million as against 2019, despite the COVID-19 pandemic. China happens to be the biggest country in the EVs sector in terms of sales, with an estimated 4.5 million electric cars running on the roads in 2020. As against this, Europe registered the highest annual increase by registering 3.2 million in sales in just a year. Since electric vehicles are powered by electricity, they may run out of power in the middle of nowhere, which offers great opportunities to the global portable power station market. However, the number of EV charging stations is stagnant, leaving consumers with no choice but to look for alternatives, such as portable power stations of higher capacities, which has become a driving factor for the growth of the global portable power station market.
Online segment occupied the largest market share in the sales channel category
There are two main sales channels for the global portable power station market—online and offline. The online portable power station sales channel has garnered the maximum share in the global portable power station market in 2021. The pandemic has played a major role in boosting the demand for such electronic devices via online channels, which further augmented the segment’s growth. According to UNCTAD (United Nations Conference on Trade & Development), United States recorded a jump of 3% in online retail sales for 2018-2020, whereas South Korea registered a growth of 5.1% for the same period, indicating the rapid growth in online sales channel, thus demonstrating a growing potential for the segment in the coming years.
Global Portable Power Station Market: Regional Insights
The global portable power station market is segmented into five regions— North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these regions, North America held the largest share in the global portable power station market in 2021. In contrast to this, Europe is anticipated to register the fastest CAGR in the coming years. The U.S. houses a large number of manufacturers and consumers due to the widespread use of direct power stations, which enable portable power stations to be charged even in remote areas. However, with the increasing number of adventure sports and tourists flocking to Romania, which saw an increase from 11,7 million to 12,8 million in 2018-2019, Europe is also gaining ground as the fastest-growing market, thus driving the global portable power station market.
COVID Impact Analysis - Global Portable Power Station Market
The COVID-19 pandemic has negatively impacted the global portable power station market. As people were not able to leave their homes due to the nationwide lockdowns imposed by different countries, the investments directed toward recreational activities declined sharply. In addition to this, it led to a reduced demand for online sales of portable power stations as people didn’t require to charge their devices as they were spending the majority of the time at home. Furthermore, the production of raw materials used for manufacturing portable power stations has been negatively impacted as factories were forced to shut down as a result of government orders. However, in 2021, the consumption of such devices grew significantly in tandem with some relaxations for the production facilities, as well as fully vaccinated people, which allowed people to begin hiking and other recreational activities with their families, while leading to the growth of the global portable power station market.
The leading players in the global portable power station market are Jackery Inc., ChargeTech, EcoFlow Inc., Duracell Inc., Genius Media Group Inc., Li power Shenzhen technology Co. Ltd., LionEnergy LLC, Goal Zero LLC, Scott Electric Corp., Midland Radio Corp., Anker Innovations Technology, Bluetti Power Inc., VTOMAN Technology, Milwaukee Electric Tool Corporation, and other prominent players. The global portable power station market is moderately fragmented in nature with numerous players specialized in the production of such electronic devices. In addition, the presence of multiple industry players has led to a growing competition in the global portable power station market.
In October 2021, VTOMAN Technology, which happens to be an R&D provider for portable power solutions, announced the launch of Jump 1500, the world's first ever portable power station equipped with extra battery backup and 12V jump starter. The device is anticipated to augment the battery capacity to an astronomical 3096 Wh by connecting it to a secondary battery.
Table of Contents
186 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Key Market Segments
- 1.3.1. Market Estimate and Forecast, By Power Type
- 1.3.2. Market Estimate and Forecast, By Capacity
- 1.3.3. Market Estimate and Forecast, By Application
- 1.3.4. Market Estimate and Forecast, By Sales Channel
- 1.3.5. Market Estimate and Forecast, By Region
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Regional Split of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Portable Power Station Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Recent Development
- 4.4. Technological Landscape
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Application of Suppliers
- 4.5.2. Bargaining Application of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Portable Power Station Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Power Type
- 5.2.1.1. Direct
- 5.2.1.2. Hybrid
- 5.2.2. By Capacity
- 5.2.2.1. Below or equal to 250 Wh
- 5.2.2.2. 500 – 1000 Wh
- 5.2.2.3. 1000 – 1500 Wh
- 5.2.2.4. Above or equal to 1500 Wh
- 5.2.3. By Application
- 5.2.3.1. Emergency Power Supply
- 5.2.3.2. Off-Grid Power Supply
- 5.2.3.3. Automotive Charging
- 5.2.3.4. Others
- 5.2.4. By Sales Channel
- 5.2.4.1. Online
- 5.2.4.2. Offline
- 5.2.5. By Region
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia Pacific
- 5.2.5.4. Latin America
- 5.2.5.5. Middle East and Africa
- 6. North America Portable Power Station Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Power Type
- 6.2.2. By Capacity
- 6.2.3. By Application
- 6.2.4. By Sales Channel
- 6.2.5. By Country
- 6.2.5.1. United States
- 6.2.5.2. Canada
- 7. Europe Portable Power Station Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Power Type
- 7.2.2. By Capacity
- 7.2.3. By Application
- 7.2.4. By Sales Channel
- 7.2.5. By Country
- 7.2.5.1. Germany
- 7.2.5.2. United Kingdom
- 7.2.5.3. Italy
- 7.2.5.4. France
- 7.2.5.5. Spain
- 7.2.5.6. Rest of Europe
- 8. Asia Pacific Portable Power Station Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Power Type
- 8.2.2. By Capacity
- 8.2.3. By Application
- 8.2.4. By Sales Channel
- 8.2.5. By Country
- 8.2.5.1. China
- 8.2.5.2. India
- 8.2.5.3. Japan
- 8.2.5.4. South Korea
- 8.2.5.5. Rest of Asia Pacific
- 9. Latin America Portable Power Station Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Power Type
- 9.2.2. By Capacity
- 9.2.3. By Application
- 9.2.4. By Sales Channel
- 9.2.5. By Country
- 9.2.5.1. Brazil
- 9.2.5.2. Mexico
- 9.2.5.3. Argentina
- 9.2.5.4. Rest of Latin America
- 10. Middle East & Africa Portable Power Station Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Power Type
- 10.2.2. By Capacity
- 10.2.3. By Application
- 10.2.4. By Sales Channel
- 10.2.5. By Country
- 10.2.5.1. Saudi Arabia
- 10.2.5.2. UAE
- 10.2.5.3. South Africa
- 10.2.5.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2020
- 11.3. Competitive Benchmarking, By Operating Parameters
- 12. Impact of Covid-19 on Portable Power Station Market Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Jackery Inc.
- 13.2. ChargeTech
- 13.3. EcoFlow Inc.
- 13.4. Duracell Inc.
- 13.5. Genius Media Group Inc.
- 13.6. Li power Shenzhen technology Co. Ltd.
- 13.7. LionEnergy LLC
- 13.8. Goal Zero LLC
- 13.9. Scott Electric Corp.
- 13.10. Midland Radio Corp.
- 13.11. Anker Innovations Technology
- 13.12. Bluetti Power Inc.
- 13.13. Milwaukee Electric Tool Corporation
- 13.14. Others
- *Financial details of unlisted companies will be available as per data availability in final deliverable
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Fig 1: Global Portable Power Station Segmentation
- Fig 2: Global Portable Power Station Market Value Chain Analysis
- Fig 3: Company Market Share Analysis, 2020
- Fig 4: Global Portable Power Station Market Size, By Value (USD Million), 2018-2028
- Fig 5: Global Portable Power Station Market Share, By Power Type, By Value, 2018-2028
- Fig 6: Global Portable Power Station Market Share, By Capacity, By Value, 2018-2028
- Fig 7: Global Portable Power Station Market Share, By Application, By Value, 2018-2028
- Fig 8: Global Portable Power Station Market Share, By Sales Channel, By Value, 2018-2028
- Fig 9: Global Portable Power Station Market Share, By Region, By Value, 2018-2028
- Fig 10: North America Portable Power Station Market Size, By Value (USD Million), 2018-2028
- Fig 11: North America Portable Power Station Market Share, By Power Type, By Value, 2018-2028
- Fig 12: North America Portable Power Station Market Share, By Capacity, By Value, 2018-2028
- Fig 13: North America Portable Power Station Market Share, By Application, By Value, 2018-2028
- Fig 14: North America Portable Power Station Market Share, By Sales Channel, By Value, 2018-2028
- Fig 15: North America Portable Power Station Market Share, By Country, By Value, 2018-2028
- Fig 16: Europe Portable Power Station Market Size, By Value (USD Million), 2018-2028
- Fig 17: Europe Portable Power Station Market Share, By Power Type, By Value, 2018-2028
- Fig 18: Europe Portable Power Station Market Share, By Capacity, By Value, 2018-2028
- Fig 19: Europe Portable Power Station Market Share, By Application, By Value, 2018-2028
- Fig 20: Europe Portable Power Station Market Share, By Sales Channel, By Value, 2018-2028
- Fig 21: Europe Portable Power Station Market Share, By Country, By Value, 2018-2028
- Fig 22: Asia-Pacific Portable Power Station Market Size, By Value (USD Million), 2018-2028
- Fig 23: Asia-Pacific Portable Power Station Market Share, By Power Type, By Value, 2018-2028
- Fig 24: Asia-Pacific Portable Power Station Market Share, By Capacity, By Value, 2018-2028
- Fig 25: Asia-Pacific Portable Power Station Market Share, By Application, By Value, 2018-2028
- Fig 26: Asia-Pacific Portable Power Station Market Share, By Sales Channel, By Value, 2018-2028
- Fig 27: Asia-Pacific Portable Power Station Market Share, By Country, By Value, 2018-2028
- Fig 28: Latin America Portable Power Station Market Size, By Value (USD Million), 2018-2028
- Fig 29: Latin America Portable Power Station Market Share, By Power Type, By Value, 2018-2028
- Fig 30: Latin America Portable Power Station Market Share, By Capacity, By Value, 2018-2028
- Fig 31: Latin America Portable Power Station Market Share, By Application, By Value, 2018-2028
- Fig 32: Latin America Portable Power Station Market Share, By Sales Channel, By Value, 2018-2028
- Fig 33: Latin America Portable Power Station Market Share, By Country, By Value, 2018-2028
- Fig 34: Middle East & Africa Portable Power Station Market Size, By Value (USD Million), 2018-2028
- Fig 35: Middle East & Africa Portable Power Station Market Share, By Power Type, By Value, 2018-2028
- Fig 36: Middle East & Africa Portable Power Station Market Share, By Capacity, By Value, 2018-2028
- Fig 37: Middle East & Africa Portable Power Station Market Share, By Application, By Value, 2018-2028
- Fig 38: Middle East & Africa Portable Power Station Market Share, By Sales Channel, By Value, 2018-2028
- Fig 39: Middle East & Africa Portable Power Station Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1: Global Portable Power Station Market Size, By Power Type, By Value, 2018-2028
- Table 2: Global Portable Power Station Market Size, By Capacity, By Value, 2018-2028
- Table 3: Global Portable Power Station Market Size, By Application, By Value, 2018-2028
- Table 4: Global Portable Power Station Market Size, By Sales Channel, By Value, 2018-2028
- Table 5: Global Portable Power Station Market Size, By Region, By Value, 2018-2028
- Table 6: North America Portable Power Station Market Size, By Power Type, By Value, 2018-2028
- Table 7: North America Portable Power Station Market Size, By Capacity, By Value, 2018-2028
- Table 8: North America Portable Power Station Market Size, By Country, By Value, 2018-2028
- Table 9: North America Portable Power Station Market Size, By Application, By Value, 2018-2028
- Table 10: North America Portable Power Station Market Size, By Sales Channel, By Value, 2018-2028
- Table 11: Europe Portable Power Station Market Size, By Power Type, By Value, 2018-2028
- Table 12: Europe Portable Power Station Market Size, By Capacity, By Value, 2018-2028
- Table 13: Europe Portable Power Station Market Size, By Application, By Value, 2018-2028
- Table 14: Europe Portable Power Station Market Size, By Sales Channel, By Value, 2018-2028
- Table 15: Europe Portable Power Station Market Size, By Country, By Value, 2018-2028+A97
- Table 16: Asia-Pacific Portable Power Station Market Size, By Power Type, By Value, 2018-2028
- Table 17: Asia-Pacific Portable Power Station Market Size, By Capacity, By Value, 2018-2028
- Table 18: Asia-Pacific Portable Power Station Market Size, By Application, By Value, 2018-2028
- Table 19: Asia-Pacific Portable Power Station Market Size, By Sales Channel, By Value, 2018-2028
- Table 20: Asia-Pacific Portable Power Station Market Size, By Country, By Value, 2018-2028
- Table 21: Latin America Portable Power Station Market Size, By Power Type, By Value, 2018-2028
- Table 22: Latin America Portable Power Station Market Size, By Capacity, By Value, 2018-2028
- Table 23: Latin America Portable Power Station Market Size, By Application, By Value, 2018-2028
- Table 24: Latin America Portable Power Station Market Size, By Sales Channel, By Value, 2018-2028
- Table 25: Latin America Portable Power Station Market Size, By Country, By Value, 2018-2028
- Table 26: Middle East & Africa Portable Power Station Market Size, By Power Type, By Value, 2018-2028
- Table 27: Middle East & Africa Portable Power Station Market Size, By Capacity, By Value, 2018-2028
- Table 28: Middle East & Africa Portable Power Station Market Size, By Application, By Value, 2018-2028
- Table 29: Middle East & Africa Portable Power Station Market Size, By Sales Channel, By Value, 2018-2028
- Table 30: Middle East & Africa Portable Power Station Market Size, By Country, By Value, 2018-2028
- Table 31: Jackery Inc. Financial Analysis
- Table 32: ChargeTech Financial Analysis
- Table 33: EcoFlow Inc. Financial Analysis
- Table 34: Duracell Inc. Financial Analysis
- Table 35: Genius Media Group Inc. Financial Analysis
- Table 36: Li power Shenzhen technology Co. Ltd. Financial Analysis
- Table 37: LionEnergy LLC Financial Analysis
- Table 38: Goal Zero LLC Financial Analysis
- Table 39: Scott Electric Corp. Financial Analysis
- Table 40: Midland Radio Corp. Financial Analysis
- Table 41: Anker Innovations Technology Financial Analysis
- Table 42: Bluetti Power Inc. Financial Analysis
- Table 43: Milwaukee Electric Tool Corporation Financial Analysis
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