Portable power station market size to grow by USD 179.21 million between 2022 and 2027; Growth driven by increasing demand for uninterrupted and reliable power - Technavio

NEW YORK, April 6, 2023 /PRNewswire/ -- The portable power station market is estimated to grow by USD 179.21 million between 2022 and 2027. The growth momentum will be progressing at a CAGR of 8.59% during the forecast period. The market is segmented by application (off-grid power, emergency power, and automotive), technology (lithium-ion and sealed lead-acid), and geography (APAC, North America, Europe, Middle East and Africa, and South America). To understand more about the portable power station market, Request a Sample Report

The market growth in the off-grid power segment will be significant during the forecast period. The decline in the cost of solar panels and advances in energy storage has increased the penetration of clean energy microgrids in places where conventional grids are feasible. In addition, the growing demand for electricity from remote villages is increasing the demand for off-grid power systems. These factors are driving the growth of the segment.

The market is driven by the growing demand for uninterrupted and reliable power. Global warming has increased the number of unpredictable natural disasters. Events or natural disasters such as hurricanes Michael and Florence in the US, super typhoons Yutu and Mangkhut in the Pacific region, a tsunami in Indonesia, and floods have caused significant damages in various countries. Such occurrences have increased the demand for uninterrupted and reliable power systems to ensure continuous power supply. To cater to the growing demand, vendors are offering power accessories such as fuel tanks, load banks, cables, and transformers in a bundled package as a complete power solution. All these factors are driving the growth of the market in focus.

Portable Power Station Market Insights -

• Vendors: 15+, including AIMTOM Co. Ltd., Allpowers Industrial International, Anker Technology UK Ltd., Bluetti Power Inc., ChargeTech Inc., Drow Enterprise Co. Ltd., EcoFlow Inc., Energizer Holdings Inc., Fanttik Inc., Goal Zero LLC, GoSun, Jackery Inc., Klein Tools Inc., Li power Shenzhen technology Co. Ltd., Lion Energy, Midland Radio Corp., Milwaukee Electric Tool, ROCKSOLAR, The Duracell Co., TogoPower, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Application (Off-grid power, Emergency power, and Automotive), Technology (Lithium-ion and Sealed lead-acid), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Global Portable Power Station Market - Vendor Insights

The global portable power station market is fragmented. The market is characterized by the presence of many global, regional, and local vendors. Key vendors in the market have well-established brand names and offer a wide range of portable power stations. They have a strong distribution network, which is making it difficult for the regional players to compete with such players. In addition, new product launches and product differentiation are some of the other major strategies adopted by vendors. Some of the key vendors covered in the report include:

• Allpowers Industrial International - The company offers portable power stations such as S2000 PRO Portable power station and S1500 Portable power station.
• Anker Technology UK Ltd. - The company offers portable power stations such as Anker 757 PowerHouse, Anker 521 PowerHouse, and Anker 535 PowerHouse.
• Bluetti Power Inc. - The company offers portable power stations namely BLUETTI PowerOak EB55 Portable power station.
• ChargeTech Inc. - The company offers portable power stations such as the Premium 20K PD Battery Pack and Premium 27K PD Battery Pack.
• Drow Enterprise Co. Ltd.
• EcoFlow Inc.
• Energizer Holdings Inc.
• Fanttik Inc.
• Goal Zero LLC
• GoSun
• Jackery Inc.
• Klein Tools Inc.
• Li Power (Shenzhen) Technology Co. Ltd.
• Lion Energy
• Midland Radio Corp.
• Milwaukee Electric Tool Corporation
• ROCKSOLAR
• The Duracell Co.
• TogoPower

Global Portable Power Station Market – Market Dynamics

Major Trends – 

• Growing outdoor and camping activities
• Growing preference for renewable energy system
• New product launches

The growing number of outdoor and camping activities is identified as the major trend in the market. The increased participation by people in outdoor recreation activities has encouraged governments to build more campsites. This has increased the demand for camping lights and lanterns, which is creating the need for portable power stations to charge these lights. In addition, the rising awareness of outdoor recreational activities has increased the demand for lumen camping lights and lanterns. These lights consume less energy than other types. Thus, the increasing number of outdoor and camping activities is expected to have a positive impact on the growth of the market during the forecast period.

Key challenges – 

• Longer charging times of solar-powered portable power stations
• Stringent government regulation for battery waste
• Presence of alternatives

Portable power stations have longer charging periods. Most portable power stations require hours of charging and still lack in providing power compared to portable power generators. They also cost high compared to portable generators, which results in the increased adoption of the latter. Besides, extreme weather conditions such as heavy rainfall and storms could negatively affect the growth of the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

The portable power station market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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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
• Detailed information on factors that will drive the growth of the portable power station market between 2023 and 2027
• Precise estimation of the size of the portable power station market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the portable power station market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of portable power station market vendors

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Related Reports:

• The portable power station market in Europe is projected to grow by USD 26.42 million with a CAGR of 5.24% during the forecast period 2021 to 2026. The market is segmented by source (hybrid and direct) and technology (lithium-ion and sealed lead-acid).
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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global portable power station market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global portable power station market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Technology Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Off-grid power - Market size and forecast 2022-2027
• Exhibit 34: Chart on Off-grid power - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Off-grid power - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Off-grid power - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Off-grid power - Year-over-year growth 2022-2027 (%)

• 6.4 Emergency power - Market size and forecast 2022-2027
• Exhibit 38: Chart on Emergency power - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Emergency power - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Emergency power - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Emergency power - Year-over-year growth 2022-2027 (%)

• 6.5 Automotive - Market size and forecast 2022-2027
• Exhibit 42: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments 
• Exhibit 47: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 49: Chart on Comparison by Technology
• Exhibit 50: Data Table on Comparison by Technology

• 7.3 Lithium-ion - Market size and forecast 2022-2027
• Exhibit 51: Chart on Lithium-ion - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Lithium-ion - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Lithium-ion - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Lithium-ion - Year-over-year growth 2022-2027 (%)

• 7.4 Sealed lead-acid - Market size and forecast 2022-2027
• Exhibit 55: Chart on Sealed lead-acid - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Sealed lead-acid - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Sealed lead-acid - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Sealed lead-acid - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Technology 
• Exhibit 59: Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Australia - Market size and forecast 2022-2027
• Exhibit 97: Chart on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Australia - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Australia - Year-over-year growth 2022-2027 (%)

• 9.12 Saudi Arabia - Market size and forecast 2022-2027
• Exhibit 101: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 AIMTOM Co. Ltd. 
• Exhibit 112: AIMTOM Co. Ltd. - Overview
• Exhibit 113: AIMTOM Co. Ltd. - Product / Service
• Exhibit 114: AIMTOM Co. Ltd. - Key offerings

• 12.4 Allpowers Industrial International 
• Exhibit 115: Allpowers Industrial International - Overview
• Exhibit 116: Allpowers Industrial International - Product / Service
• Exhibit 117: Allpowers Industrial International - Key offerings

• 12.5 Anker Technology UK Ltd. 
• Exhibit 118: Anker Technology UK Ltd. - Overview
• Exhibit 119: Anker Technology UK Ltd. - Product / Service
• Exhibit 120: Anker Technology UK Ltd. - Key offerings

• 12.6 Bluetti Power Inc. 
• Exhibit 121: Bluetti Power Inc. - Overview
• Exhibit 122: Bluetti Power Inc. - Product / Service
• Exhibit 123: Bluetti Power Inc. - Key offerings

• 12.7 ChargeTech Inc. 
• Exhibit 124: ChargeTech Inc. - Overview
• Exhibit 125: ChargeTech Inc. - Product / Service
• Exhibit 126: ChargeTech Inc. - Key offerings

• 12.8 Drow Enterprise Co. Ltd. 
• Exhibit 127: Drow Enterprise Co. Ltd. - Overview
• Exhibit 128: Drow Enterprise Co. Ltd. - Product / Service
• Exhibit 129: Drow Enterprise Co. Ltd. - Key offerings

• 12.9 EcoFlow Inc. 
• Exhibit 130: EcoFlow Inc. - Overview
• Exhibit 131: EcoFlow Inc. - Product / Service
• Exhibit 132: EcoFlow Inc. - Key offerings

• 12.10 Goal Zero LLC 
• Exhibit 133: Goal Zero LLC - Overview
• Exhibit 134: Goal Zero LLC - Product / Service
• Exhibit 135: Goal Zero LLC - Key offerings

• 12.11 Jackery Inc. 
• Exhibit 136: Jackery Inc. - Overview
• Exhibit 137: Jackery Inc. - Product / Service
• Exhibit 138: Jackery Inc. - Key offerings

• 12.12 Klein Tools Inc. 
• Exhibit 139: Klein Tools Inc. - Overview
• Exhibit 140: Klein Tools Inc. - Product / Service
• Exhibit 141: Klein Tools Inc. - Key offerings

• 12.13 Li power Shenzhen technology Co. Ltd.
• Exhibit 142: Li power Shenzhen technology Co. Ltd. - Overview
• Exhibit 143: Li power Shenzhen technology Co. Ltd. - Product / Service
• Exhibit 144: Li power Shenzhen technology Co. Ltd. - Key offerings

• 12.14 Lion Energy 
• Exhibit 145: Lion Energy - Overview
• Exhibit 146: Lion Energy - Product / Service
• Exhibit 147: Lion Energy - Key offerings

• 12.15 Midland Radio Corp. 
• Exhibit 148: Midland Radio Corp. - Overview
• Exhibit 149: Midland Radio Corp. - Product / Service
• Exhibit 150: Midland Radio Corp. - Key offerings

• 12.16 Milwaukee Electric Tool 
• Exhibit 151: Milwaukee Electric Tool - Overview
• Exhibit 152: Milwaukee Electric Tool - Product / Service
• Exhibit 153: Milwaukee Electric Tool - Key offerings

• 12.17 The Duracell Co. 
• Exhibit 154: The Duracell Co. - Overview
• Exhibit 155: The Duracell Co. - Product / Service
• Exhibit 156: The Duracell Co. - Key news
• Exhibit 157: The Duracell Co. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations

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