Wilmington, Delaware, Nov. 06, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s recent industry analysis, the Global Portable Power Station Market value is estimated at US$ 497.8 million in 2023 and is expected to rise at a strong CAGR of over 6.6% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
A portable power station, also known as a portable power generator or a portable solar generator, is a small device that stores electrical energy and supplies power to various electronic gadgets and appliances while on the road. These stations normally include a rechargeable battery, inverters, outlets (AC, DC, USB), and occasionally solar panels for charging.
Lithium-ion battery advancements have resulted in the development of lightweight, high-capacity batteries. These technological developments have increased the energy density, efficiency, and overall performance of portable power stations, making them more appealing to consumers.
- According to a deep-dive market assessment by RationalStat, the global Portable Power Station market has been analyzed on the basis of market segments, including type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Portable Power Station market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Portable Power Station market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Portable Power Station Market: Segmental and Market Share Analysis
- Based on type, 501-1000 Wh segment held the largest share of the portable power station market in 2022 and is anticipated to grow with the highest CAGR during the forecast period.
- On the basis of application, off-grid power segment dominated the market owing to increased outdoor recreational and camping activities worldwide.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 497.8 million |
| Market Size Forecast | US$ 778.7 million |
| Growth Rate | 6.6% |
| Dominant Segment | 501-1000 Wh |
| Dominant Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These companies offer a wide range of portable power stations, with different capacities, features, and price points. The market is also seeing the development of new technologies, such as solar-powered portable power stations and portable power stations with battery management systems.
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global portable power station market include,
- In April 2023, BLUETTI presented a new model with numerous upgrades over previous portable stations such as the EB150 and EB240, AC180. Furthermore, its design package makes it a deserving portable power station for emergency backup, power outages, excursions, and other uses.
Some of the prominent players and suppliers operating and contributing significantly to the global portable power station market growth include GES Group Limited Company, Bluetti, Suaoki, Mitsubishi Corporation, NRG Energy, Inc., Duracell, Chilwee Group Co.Ltd, Anker Technology, Jackery Inc, Milwaukee Electric Tool Corporation, and Membrane Solutions LLC, among others.
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RationalStat has segmented the global portable power station market based on type, application, and region
- Global Portable Power Station Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Less than 500 Wh
- 501-1000 Wh
- 1001-1500 Wh
- More than 1500 Wh
- Global Portable Power Station Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Emergency Power
- Off-Grid Power
- Automotive
- Global Portable Power Station Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Portable Power Station Market
- US
- Canada
- Latin America Portable Power Station Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Portable Power Station Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Portable Power Station Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Portable Power Station Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Portable Power Station Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Portable Power Station Market
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Key Questions Answered in the Portable Power Station Report:
- What will be the market value of the global Portable Power Station market by 2030?
- What is the market size of the global Portable Power Station market?
- What are the market drivers of the global Portable Power Station market?
- What are the key trends in the global Portable Power Station market?
- Which is the leading region in the global Portable Power Station market?
- What are the major companies operating in the global Portable Power Station market?
- What are the market shares by key segments in the global Portable Power Station market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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