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Global Portable Power Station Market

Global Portable Power Station Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2018-2028, Segmented 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)

  • Published Date: January 2022
  • Report ID: BWC22009
  • Available Format: PDF
  • Page: 186

Report Overview

The global portable power station market is anticipated to grow with the growing military expenditure across the developed and developing countries, rising number of tourist arrivals to recreational and adventure-driven countries, and growing demand for electric vehicles across the world.

Global Portable Power Station Market - Industry Trends & Forecast Report 2028

Global portable power station market was worth USD 359.4 million in 2021 and is further expected to reach USD 554.4 million by 2028 at a CAGR of 6.4% during the forecast period (2022-2028). Increasing demand for smarter electronics and the rising number of outdoor and recreational activities are driving the growth of the global portable power station market. Additionally, the increasing consumption of electric vehicles worldwide is also driving the market growth.

Portable Power Station Market

Global Portable Power Station Overview

A portable power station is a device used for storing electrical power in an internal battery and transferring that power to various devices when the battery is depleted. Among the devices could be smartphones, flashlights, tablets, walkie-talkies, and other devices that may be needed in remote locations. Portable power supplies enable people traveling to remote areas to have enough battery capacity to charge their battery devices and stay connected. Portable power stations can be charged in a variety of ways, including using a solar panel, an electrical outlet available at a nearby motel, or even using a gas-powered inverter generator.

Global Portable Power Station Market Trend

Growth Drivers

Growing military expenditure in developed and developing nations

The military bases of every other country are all located in remote areas with little or no network or electricity. Due to this, they rely on military walkie talkies and similar products for communicating pivotal information across the border. Military electronic devices for transferring data files, transmitting voice or audio, transferring radio signals, using portable GPS for location, laser rangefinders for detecting radiation and gas sensors all require electricity to operate. As a result, there are no options for military personnel other than to opt for alternatives to communicate their messages to headquarters due to the limited access of the military stations. For this reason, portable power stations are used in such remote locations. As of the latest World Bank Estimates 2020, Saudi Arabia (8.4%), Algeria (6.7%), the UAE (5.6%) along with some developing African nations have topped the list in terms of military expenditures as a percent of GDP. As a result of geopolitical tensions in the Middle East & North Africa, there has been an inclining trend in the demand for walkie-talkies, which has been driving the demand for portable power stations.

Growing inclination toward outdoor recreational activities

Some countries have been beginning to record some astonishing figures when it comes to camping and other outdoor activities, which have seen an upsurge despite the pandemic. The Lewis and Clark Recreation Area executives made a statement that has been making headlines lately. They reported their busiest camping season in nearly two decades. The RV Industry Association statistics also indicate a growing demand for RV ownership in the United States, with RV sales jumping by 62% over the past 20 years to a total of 11.2 million units. A staggering number of people are choosing recreational activities that require them to go to remote locations and remain away from the hustle and bustle of the city. Nevertheless, they have to face the downside of reduced electricity supply, which is addressed by portable power stations due to their high battery backup and the seamless experience they provide, thus contributing to the growth of the global portable power station market.

Restraints

Higher costs making it an expensive affair for some nations

A portable power station would be extremely useful in areas with little or no electricity, but with plenty of renewable energy sources, such as solar energy, that could solve the electricity supply problem. Despite this, the rising semiconductor shortages have contributed to the increasing price for portable power stations, which have made its purchase increasingly costly for some developing nations like Burundi, Sudan, Kenya, Libya, and Jordan, which not only have some of the lowest income levels, but also some of the highest military expenditures. With certain developing countries, such as Nepal and Pakistan, experiencing increasing electricity shortages, they are unable to buy portable power stations that might cost up to USD 1197.42, which is more than their annual GDP per capita of USD 1155 and USD 1188, respectively.

Impact of COVID-19 on the Global Portable Power Station Market

As soon as the COVID-19-pandemic broke out, the governments of different countries shut down some businesses to prevent the spread of the virus and reduce the severity associated with the mutations caused by the virus. The move also brought some supply-side risks, including the suspension of raw materials needed for manufacturing portable power stations. However, even if the government permitted production at some locations, the efficiency of production suffered due to the reduced workforce and increased workload at the time, which limited the overall growth of the market. In addition, demand side factors were equally effective in disrupting the global portable power stations market. Pandemic restrictions caused people to be cooped up inside their homes for months, resulting in a sudden decline in tourism, which is one of the biggest contributors to the growth of the portable power station market worldwide.

Global Portable Power Station Market: By Power Type

Based on power types, the global portable power station market is grouped into direct and hybrid. The hybrid segment accounted for the largest market share in 2021 and is anticipated to grow at a robust CAGR during the forecast period. Since such power stations happen to generate electricity using both plug-on as well as the other renewable energy means, they have a much lower carbon footprint than direct portable power stations. The growing investments in solar energy projects and subsidies across the world have benefited the sales of such hybrid portable power stations. In March 2021, the Department of Energy, United States announced a sanction of USD 128 million to reduce the costs associated with solar energy and advance the adoption of solar power in the country. This is expected to lead to a sharp fall in the cost of hybrid portable power stations, thus creating a demand for such devices in the coming years.

Portable Power Station Market Share

Global Portable Power Station Market: By Application

Based on applications, the global portable power station market is segmented into emergency power supply, off-grid power supply, automotive charging, defense, and others. The emergency power supply segment accumulated the largest share in the global portable power station market in 2021. In contrast to this, the off-grid portable power stations are projected to witness the fastest growth in the coming years. The growing demand for outdoor recreational activities over the past few months with rising vaccination rates have significantly contributed to the growth of the global portable power station market. In addition to this, recent tourist arrivals to Spain (13.7%) and Canada (3.69%), which are the most popular destinations for camping and adventure activities, have demonstrated a growing demand for such electronic devices, thus contributing to the growth of the global portable power station market.

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 garnered the largest share in the market in 2021.  The growth of the region can be attributed to the rising geopolitical tensions at the Mexican borders. As the Trump administration allocated more funds toward the military, the expenditure as a percentage of GDP registered an increase from 3.4% to 3.7% for 2019-2020, indicating an increasing need for military electronic equipment. Consequently, it has been driving demand for portable power stations for charging these devices, thereby contributing to the growth of the portable power station market in North America.

Regional Insights

Global Portable Power Station Market - Competitive Landscape

Some of the key 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., VTOMAN Technology, Midland Radio Corp., Anker Innovations Technology, Bluetti Power Inc., Milwaukee Electric Tool Corporation, and other prominent players. The market players have been developing and integrating more robust raw materials to improve battery efficiency, thereby providing more battery backup for the power plants. The market, however, is more attractive to larger players because of its high capital intensity.

Scope of the Report:

Attribute Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Power Type/Service Segmentation By power type, capacity, application, sales channel and region
Key Players Some of the key players 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., VTOMAN Technology, Anker Innovations Technology, Bluetti Power Inc., Milwaukee Electric Tool Corporation, and other prominent players

 

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

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
      1. Market Estimate and Forecast, By Power Type
      2. Market Estimate and Forecast, By Capacity
      3. Market Estimate and Forecast, By Application
      4. Market Estimate and Forecast, By Sales Channel
      5. Market Estimate and Forecast, By Region
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Regional Split of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Portable Power Station Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development
    4. Technological Landscape
    5. Porter’s Five Forces Analysis
      1. Bargaining Application of Suppliers
      2. Bargaining Application of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Portable Power Station Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Power Type
        1. Direct
        2. Hybrid
      2. By Capacity
        1. Below or equal to 250 Wh
        2. 500 – 1000 Wh
        3. 1000 – 1500 Wh
        4. Above or equal to 1500 Wh
      3. By Application
        1. Emergency Power Supply
        2. Off-Grid Power Supply
        3. Automotive Charging
        4. Others
      4. By Sales Channel
        1. Online
        2. Offline
      5. By Region
        1. North America
        2. Europe
        3. Asia Pacific
        4. Latin America
        5. Middle East and Africa
  6. North America Portable Power Station Market  
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Power Type
      2. By Capacity
      3. By Application
      4. By Sales Channel
      5. By Country
        1. United States
        2. Canada
  7. Europe Portable Power Station Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Power Type
      2. By Capacity
      3. By Application
      4. By Sales Channel
      5. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. Asia Pacific Portable Power Station Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Power Type
      2. By Capacity
      3. By Application
      4. By Sales Channel
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Portable Power Station Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Power Type
      2. By Capacity
      3. By Application
      4. By Sales Channel
      5. By Country
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  10. Middle East & Africa Portable Power Station Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Power Type
      2. By Capacity
      3. By Application
      4. By Sales Channel
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2020
    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) **
    1. Jackery Inc.
    2. ChargeTech
    3. EcoFlow Inc.
    4. Duracell Inc.
    5. Genius Media Group Inc.
    6. Li power Shenzhen technology Co. Ltd.
    7. LionEnergy LLC
    8. Goal Zero LLC
    9. Scott Electric Corp.
    10. Midland Radio Corp.
    11. Anker Innovations Technology
    12. Bluetti Power Inc.
    13. Milwaukee Electric Tool Corporation
    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

Market Segmentation

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

  • The Asia-Pacific
  • North America
  • Europe
  • The Middle East & Africa
  • Latin America
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Frequently Asked Questions (FAQs):

Ans: The global portable power station market reached USD 359.4 million in 2021.
Ans: The major factors driving the growth of the global portable power station market include the increasing military expenditure in both developed and developing nations, and a growing trend toward outdoor recreational activities.
Ans: The key 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.
Ans: The off-grid segment accounted for the fastest CAGR in the global portable power station market.
Ans: North America accounted for the largest share in the global portable power station market.