Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Portable Power Station Market size was valued at USD 569.14 million in 2024 and is expected to reach USD 1.32 billion by 2037, registering around 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of portable power station is assessed at USD 601.55 million.
The growth of the market can be attributed to increasing users of smart electronic devices around the world, aging electricity grid infrastructure and rising usage of power in remote areas. The number grew up to 3.5 billion in the following year, i.e., 2020. Along with these, growing need for uninterrupted power across applications and escalating consumer investments in portable power stations are also expected to boost market growth in the coming years. Moreover, rise in the number of recreational activities such as camping and fishing is assessed to offer lucrative opportunities to the market in the near future.
Portable Power Station Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Number of Smart Devices Users Globally
- Growing Use of Power in Remote Areas
Challenges
- Strict Emission Regulations Associated with Battery Powered Power Stations
Portable Power Station Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.7% |
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Base Year Market Size (2024) |
USD 569.14 million |
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Forecast Year Market Size (2037) |
USD 1.32 billion |
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Regional Scope |
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Portable Power Station Segmentation
The market is segmented by battery type into lithium ion, and sealed lead acid, out of which, the segment for lithium-ion battery is anticipated to witness significant growth in the portable power station market on account of the high affordability and abundant availability of lithium ions. Furthermore, on the basis of capacity, the 500-1500 Wh segment is projected to grab the largest market share over the forecast period ascribing to the increasing demand for additional power for charging electronic appliances with high capacity. Additionally, on the basis of application, the off-grid segment is evaluated to be the most futuristic market segment in the upcoming years owing to the intensifying global demand to fulfill the power requirements of portable devices such as laptops, tablets and smartphones. According to the World Bank, by 2020, the off-grid power sector expanded to a $1.75 billion market that has served 420 million users in the past decade.
Our in-depth analysis of the global market includes the following segments
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By Battery Type |
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By Capacity |
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By Power Source
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By Application
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Customize this ReportPortable Power Station Industry - Regional Synopsis
North America Market Analysis
On the basis of geographical analysis, the portable power station market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is set to hold largest revenue share by 2037, on the back of high electricity consumption, notable user base of smart device users and growing emphasis on outdoor activities. According to U.S. Energy Information Administration, the total energy consumption in 2019 was 100.17 quadrillion Btu. Among all the sectors, electric power held the largest share, accounting to 37% of the total energy consumed. In addition to these, stringent rules and protocols related to the emissions of greenhouse gases is also predicted to drive growth to this region’s market in the future. Moreover, Asia Pacific is expected to witness the highest CAGR in the market during the forecast period owing to increasing investments in the renewable energy sector and rising technological advancements in IT industry in the region.
Companies Dominating the Portable Power Station Landscape
- Jackery Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Goal Zero LLC
- EcoFlow
- Duracell Inc.
- Genpower Ltd
- Li power (Shenzhen) technology co., Ltd.
- LionEnergy, LLC
- Drow Enterprise Co., Ltd.
- Milwaukee Electric Tool Corporationx`
- Midland Radio Corporation
In the News
· July, 2020: Duracell launched PowerSource gasless generator that has a battery capacity of 660 Amp hours.
· January, 2020: Goal Zero rolled out its new portable battery Yeti 6000X, which is considered to be the most powerful Yeti till date.
Author Credits: Dhruv Bhatia
- Report ID: 3103
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
