DUBLIN, Jun 21, 2021--(BUSINESS WIRE)--The "Portable Power Station Market by Power Source (Direct, Hybrid), Technology (Lithium-ion, Sealed Lead-Acid), Capacity (0-100, 100-200, 200-400, 400-1000, 1000-1500, =1500Wh), Sales Channel (Online, Offline), Application, Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global portable power station market size is projected to reach USD 494 million by 2026 from an estimated USD 358 million in 2021, at a CAGR of 6.7% during the forecast period.
By technology type, lithium-ion is expected to dominate the portable power station market.
The lithium-ion segment is estimated to hold a larger share of the market during the forecast period. The anticipated growth of this segment is attributed to the availability of lithium-ion at affordable prices for portable power station operations in regions such as North America, Europe, and Asia Pacific. The demand for lithium-ion technology is driven further by reduced operational costs for customers.
By capacity, 400 Wh to 1,000 Wh segment is expected to dominate the global portable power station market.
The 400 Wh to 1,000 Wh segment is expected to be the largest, by capacity, during the forecast period. The growth of this segment is owing to the rising demand for additional power capacity and charging electronic appliances with high power requirements across North America, Europe, and Asia Pacific regions.
By sales channel, online sales segment is expected to dominate the global portable power station market.
The portable power station market in North America for the online sales segment holds the largest market share. The manufacturers need not have to stock more products while selling online, also due to the current COVID-19 pandemic, the demand for online sales channels has significantly increased. Also, the high profit margins by selling directly to customers is expected to increase demand for this segment.
By region, North America is expected to lead the portable power station market, in terms of value.
North America is the largest market for portable power stations globally, followed by Asia Pacific and Europe. The region is also projected to be the fastest-growing market during the forecast period owing to the increasing use of smart electronics and the rising number of incidences of power outages in countries such as the US, Canada, and Mexico.
Rising Use of Smart Electronic Devices is Likely to Increase Sale of Portable Power Stations
Growing Demand for Uninterrupted and Reliable Power During Power Outages is Estimated to Push Demand for Portable Power Stations
Stringent Emission Regulations for Battery-Powered Portable Power Stations
High Cost of Battery-Powered Portable Power Stations
Longer Charging Times of Solar-Powered Portable Power Stations
Advancing Lithium-Ion Technology is Likely to Make Portable Power Stations More Affordable
Growing Outdoor and Camping Activities are Likely to Increase Use of Portable Power Stations
Low Operational Capability of Portable Power Stations as Compared to Portable Fossil Fuel Generators
Impact of COVID-19 on Camping and Outdoor Industry Affecting Portable Power Station Sales
Allpowers Industrial International
LI Power (Shenzhen) Technology
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Laura Wood, Senior Press Manager
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