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Portable Power Station Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR70962
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The portable power station market share is expected to increase by USD 4.03 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 41.54%.

This portable power station market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers portable power station market segmentation by application (off-grid power, emergency power, and automotive) and geography (APAC, North America, Europe, MEA, and South America). The portable power station market report also offers information on several market vendors, including ChargeTech, Duracell Inc., EcoFlow Inc., Genius Media Group Inc., Goal Zero LLC, Jackery Inc., Li power Shenzhen technology Co. Ltd., LionEnergy LLC, Midland Radio Corp., and Scott Electric Corp. among others.

What will the Portable Power Station Market Size be During the Forecast Period?

Portable Power Station Market Size

Download the Free Report Sample to Unlock the Portable Power Station Market Size for the Forecast Period and Other Important Statistics

 

Portable Power Station Market: Key Drivers, Trends, and Challenges

The growing demand for uninterrupted and reliable power during power outages is notably driving the portable power station market growth, although factors such as longer charging times of solar-powered portable power stations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the portable power station industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Portable Power Station Market Driver

One of the key factors driving growth in the portable power station market is the growing demand for uninterrupted and reliable power during power outages. The severe effects of global warming have led to a dramatic increase in unpredictable natural disasters and weather events. Such disasters lead to grid failure that results in power outages in the affected region. Natural disasters demonstrate the fragility and vulnerability of centralized grid architecture and emphasize alternative backup solutions for continuous electric supply. Portable power systems are crucial in these situations as they provide emergency power to hospitals and safe resort centers. Natural disasters increase the demand for power accessories such as fuel tanks, load banks, cables, transformers, which are generally offered by vendors in bundled packages as complete power solutions.

Key Portable Power Station Market Trend

The growing outdoor and camping activities is another factor supporting the portable power station market share growth. Due to the increased participation in outdoor recreational activities, government support for building more campsites is significantly rising. Moreover, the advancement in technology is fueling the demand for camping lights and lanterns, which is accelerating the need for portable power stations for charging these lights. The growing outdoor and camping activities also enhanced the demand for flashlights and lighting systems, which, in turn, drive the demand for portable power systems. The rising awareness about outdoor recreational activities among the population enhances the demand for camping and outdoor activities. This also leads to the rising use of lumen camping lights and lanterns, as they are the most preferred lighting system that consumes less energy than the other types. Such factors will drive the growth of the global portable power system market during the forecast period.

Key Portable Power Station Market Challenge

The major challenge that is hampering the use of portable power stations is their long charging period. Most portable power station models require hours of charging and lack in providing power compared to portable power generators. Moreover, portable power stations also incur high costs compared to portable generators, which results in the increasing adoption of portable generators compared to portable power stations. A solar-powered portable power station requires solar energy to charge the batteries. However, extreme weather conditions such as heavy rainfall or storms can negatively impact the charging of portable power stations and may increase the charging time. Such factors will hinder the growth of the global portable power station market during the forecast period.

This portable power station market analysis report 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global portable power station market as a part of the global 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 during the forecast period.

Who are the Major Portable Power Station Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ChargeTech
  • Duracell Inc.
  • EcoFlow Inc.
  • Genius Media Group Inc.
  • Goal Zero LLC
  • Jackery Inc.
  • Li power Shenzhen technology Co. Ltd.
  • LionEnergy LLC
  • Midland Radio Corp.
  • Scott Electric Corp.

 

This statistical study of the portable power station market encompasses successful business strategies deployed by the key vendors. The portable power station market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ChargeTech-The company offers an antimicrobial portable power supply that has a 54K AM Dual AC battery pack.
  • Duracell Inc.-The company offers a PowerSource 1440W portable power station which is clean, safe, quiet power for emergencies or outdoor adventures.
  • EcoFlow Inc.-The company offers portable power banks under the brand name of Delta.
  • Genius Media Group Inc.-The company offers a portable power station that can use for emergency and outdoor usages could be both DC and AC power sources and built-in LED light and jump starter functions.
  • Goal Zero LLC-The company offers a portable power station under the brand name of Yeti.

To make the most of the opportunities and recover from 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 portable power station market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Portable Power Station Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the portable power station market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the portable power station market includes the following core components:

  • Inputs
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Aftermarket and service

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Portable Power Station Market?

Portable Power Station Market Market segmentation by region

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36% of the market's growth will originate from APAC during the forecast period. China and Australia are the key markets for portable power stations in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The poor power infrastructure in Asian countries will facilitate the portable power station market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Portable Power Station Market?

Portable Power Station Market Segmentation

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The portable power station market share growth by the off-grid power segment will be significant during the forecast period. It is expected that the majority of the growing power demand from remote villages will be met by off-grid power systems, as there is a significant increase in demand for electricity compared to the expansion rate of conventional electricity grids. The growing demand for electrical power is the main reason for the increased deployment of off-grid power systems.

This report provides an accurate prediction of the contribution of all the segments to the growth of the portable power station market size and actionable market insights on post COVID-19 impact on each segment.

 

Portable Power Station Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 41.54%

Market growth 2021-2025

$ 4.03 billion

Market structure

Fragmented

YoY growth (%)

26.10

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, Russian Federation, Australia, and Saudi Arabia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ChargeTech, Duracell Inc., EcoFlow Inc., Genius Media Group Inc., Goal Zero LLC, Jackery Inc., Li power Shenzhen technology Co. Ltd., LionEnergy LLC, Midland Radio Corp., and Scott Electric Corp.

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, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Portable Power Station Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive portable power station market growth during the next five years
  • Precise estimation of the portable power station market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the portable power station industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of portable power station market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Off-grid power - Market size and forecast 2020-2025
    • Emergency power - Market size and forecast 2020-2025
    • Automotive - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ChargeTech
      • Duracell Inc.
      • EcoFlow Inc.
      • Genius Media Group Inc.
      • Goal Zero LLC
      • Jackery Inc.
      • Li power Shenzhen technology Co. Ltd.
      • LionEnergy LLC
      • Midland Radio Corp.
      • Scott Electric Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your sample now!
      Portable Power Station market growth will increase by $159.00 million during 2020-2025.
      The portable power station market is expected to grow at a CAGR of 8.82% during 2020-2025.
      Technavio has segmented the portable power station market by application (Off-grid power, Emergency power, Automotive, Off-grid power, Emergency power, Automotive, MEA, and South America) and geographic (APAC, North America, Europe, MEA, and South America).
      ChargeTech, Duracell Inc., EcoFlow Inc., Genius Media Group Inc., Goal Zero LLC, Jackery Inc., Li power Shenzhen technology Co. Ltd., LionEnergy LLC, Midland Radio Corp., Scott Electric Corp. are a few of the key vendors in the portable power station market.
      APAC will register the highest growth rate of 37.96% among the other regions. Therefore, the portable power station market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Russian Federation
      • Australia
      • Saudi Arabia
      The key factors driving the portable power station market growth are:
      • Growing demand for uninterrupted and reliable power during power outages
      The portable power station market vendors should focus on grabbing business opportunities from the off-grid power segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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