Enjoy complimentary customisation on priority with our Enterprise License!
The Europe portable power station market is projected to grow by USD 26.42 million with a CAGR of 5.24% during the forecast period 2021 to 2026.
This Europe portable power station market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the portable power station market in Europe segmentation by source (hybrid and direct) and technology (lithium-ion and sealed lead-acid). The portable power station market in Europe report also offers information on several market vendors, including Allpowers Industrial International Co. Ltd., Anker Technology UK Ltd., BigBlue, Doosan Portable Power Co., EcoFlow Inc., Genius Media Group Inc., Goal Zero LLC, Hyundai Power Products, Jackery Inc., Klein Tools Inc., LionEnergy LLC, OUKITEL, Portable Electric, Shenzhen Poweroak Technology Co. Ltd., Spaceflight Power Supply Co. Ltd., Telco Accessories B.V., The Duracell Co., and Zendure USA Inc. among others.
Download Report Sample to Unlock the Portable Power Station Market in Europe Size for the Forecast Period and Other Important Statistics
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges in the portable power station market in Europe.
Key Portable Power Station Market in Europe Driver
The growth in adventure tourism is a key factor driving the European portable power station market growth. With the growing preference for staying healthy and dealing with busy and hectic lifestyles, the popularity of adventure activities is increasing. Participation in some adventure activities such as hiking, rock, or mountain climbing is increasing, which is directly increasing the demand for portable power stations. Camping organizations are establishing more camping sites in Europe, leading to further growth in the adventure tourism segment. The rate of urbanization in Europe is also increasing, and it was approximately 75% in 2020. The number of tourists in Europe is also increasing. This is one of the key factors responsible for the increase in camping in the region, which, in turn, is driving the demand for portable power stations from travelers to power their various electronic devices. Thus, the high prevalence of adventure tourism is expected to increase the demand for portable power stations from travelers, which, in turn, will drive the Europe Portable Power Station Market during the forecast period.
Key Portable Power Station Market in Europe Trend
The growing preference for renewable energy systems will fuel the European portable power station market growth. Energy storage is becoming an integral part of the power system architecture. It enables the use of a higher proportion of self-generated renewable power by consumers and reduces the need to feed excess electricity back into the grid. Renewable energy is considered clean and fuel-efficient and plays a vital role in sustainable energy. Moreover, batteries are an important part of the renewable energy sector. Such factors will propel the demand for and sales of batteries in the region during the forecast. Vendors operating in equipment such as portable power stations in the region have been launching new portable power stations to replace generators. These portable power stations can provide up to 500W of continuous power and 1,000W of surge power to electrical tools and electronics. They are lightweight and easy-to-transport devices. Thus, due to the increasing preference for renewable energy systems, it is anticipated that the Europe Portable Power Station Market will grow during the forecast period.
Key Portable Power Station Market in Europe Challenge
Stringent government regulations for the disposal of battery waste are the major challenge to the European portable power station market growth. The waste generated by batteries has been emerging as an important matter of concern in Europe. For instance, more than 2.09 million tons of waste batteries are generated every year in Europe. The collection and recycling rates, the profitability of recycling, and the environmental and health impacts depend on the battery technology or type. Thus, owing to the negative health and environmental impact of battery waste, the EU has been proposing stringent regulations for the disposal of battery waste. On December 10, 2020, a proposal for a regulation on batteries and waste batteries was adopted, which is geared toward modernizing the EU legislation on batteries to ensure the sustainability and competitiveness of battery value chains in the EU. The proposal is part of the European Green Deal and related initiatives. Therefore, users must adhere to the regulations proposed by the government, which, in turn, will negatively impact the growth of the Europe Portable Power Station Market during the forecast period.
This portable power station market in Europe report analysis also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the portable power station market in Europe as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the portable power station market in Europe during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the Portable Power Station Market in Europe encompasses successful business strategies deployed by the key vendors. The portable power station market in Europe is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
To gain further insights on the market contribution of various segments Request a PDF Sample
The portable power station market share growth in Europe in the hybrid segment will be significant during the forecast period. Hybrid portable power station solutions efficiently combine renewables with thermal generation and battery storage. Thus, hybrid power solutions combine multiple power generation sources with storage.
This report provides an accurate prediction of the contribution of all the segments to the growth of the portable power station market in Europe's size and actionable market insights on the post-COVID-19 impact on each segment.
Portable Power Station Market in Europe Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
Market growth 2022-2026 |
$26.42 million |
Market structure |
Fragmented |
YoY growth (%) |
4.72 |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Allpowers Industrial International Co. Ltd., Anker Technology UK Ltd., BigBlue, Doosan Portable Power Co., EcoFlow Inc., Genius Media Group Inc., Goal Zero LLC, Hyundai Power Products, Jackery Inc., Klein Tools Inc., LionEnergy LLC, OUKITEL, Portable Electric, Shenzhen Poweroak Technology Co. Ltd., Spaceflight Power Supply Co. Ltd., Telco Accessories B.V., The Duracell Co., and Zendure USA Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.