Portable Power Station Market Projected To Raise At USD 1.74 Billion By 2030

San Francisco, 29 Oct 2024: The Report Portable Power Station Market Size, Share & Trends Analysis Report By Technology (Lithium Ion, Sealed lead acid), By Application (Emergency Power, Off-Grid Power), By Region, And Segment Forecasts, 2024 - 2030

The global portable power station market size to reach USD 1.74 billion in 2030 and is estimated to grow at a CAGR of 16.7% from 2024 to 2030. Increasing demand growing for clean, renewable sources of energy is expected to benefit the market growth. As consumers become increasingly environmentally conscious, the appeal of portable power stations that utilize solar or other renewable energies has significantly risen. These devices offer an eco-friendly alternative to traditional gasoline or diesel generators, aligning with the global shift towards sustainable living. Additionally, energy or power requirement during natural calamities is likely to act as a key contributing factor.

Access Research Report of Portable Power Station Market @ https://www.grandviewresearch.com/industry-analysis/portable-power-station-market-report

Drivers, Opportunities & Restraints

Expansion of outdoor recreational activities and the rising demand for reliable power sources in remote locations are anticipated to fuel the market's growth. Adventurers, campers, and outdoor enthusiasts require portable, lightweight, and efficient power solutions to keep their electronic devices charged while off the grid. Portable power stations meet these needs perfectly, offering a convenient and reliable energy source, enhancing the outdoor experience.

The ongoing expansion of the electric vehicle (EV) market presents a significant opportunity for the portable power station market. As EV adoption increases, the demand for portable power solutions capable of extending vehicle range and providing emergency charging in areas lacking infrastructure is expected to rise over the coming years. This scenario opens new opportunities for companies to innovate and integrate their power stations with EV ecosystems.

One major challenge facing the portable power station market is the high cost of advanced technology and storage capacities required to make these systems more efficient and competitive with traditional power sources. The development and integration of high-capacity batteries that are lightweight yet powerful enough to meet consumer demands involve substantial investment in research and materials. This cost is often passed down to consumers, making these devices less accessible to a broader audience.

Recent Developments

  • In August 2024, JLR announced partnership with Allye Energy to develop a new battery energy storage system (BESS) to provide zero emissions. This BESS can store 270 kWh of energy at full capacity, which can power average UK household for month.
  • In November 2023, BLUETTI launched three new portable power station models in Australia. These advanced models are designed to make solar power easily accessible.

Key Portable Power Station Company Insights

Some of key players operating in market include Jackery, Lion Energy, and iForway

  • Jackery is one of the leading player in the portable power industry. It specializes in providing outdoor green power solutions for explorers and adventurers. The company was founded in 2012 and has expanded its expertise in high-quality portable power stations, solar panels, and outdoor energy solutions.
  • Goal Zero is one of the leading players of portable energy industry, renowned for its commitment to providing sustainable and reliable power solutions for outdoor enthusiasts, adventurers, and emergency preparedness.

Key Portable Power Station Companies:

The following are the leading companies in the portable power station market. These companies collectively hold the largest market share and dictate industry trends.

  • Anker Innovations
  • ChargeTech
  • Duracell Inc.
  • EcoFlow
  • Goal Zero
  • iForway
  • Jackery
  • Lion Energy
  • LIPOWER
  • MIDLAND RADIO

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

 

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