Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Portable Power Station Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Portable Power Station Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Portable
Power Station Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Portable Power Station Market is offered. In accordance with the report, the global
Portable Power Station Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
A
Portable Power Station is a regenerating battery-powered generator. It helps in
charging a variety of devices like mini fridge, mini coolers, laptops, tablets,
smartphones and many more. Portable power stations are inexpensive, requires
low maintenance cost, convenient, reliable, safe and noise-free. These products
are used for collecting, storing, and supplying electricity on a long-term
basis. These are sustainable sources of energy as compared to traditional power
stations. They are capable of geerating immediate electricity.
Market Drivers
The
changing lifestyle of the consumers especially in the developed countries like
North America are providing the initial impetus to the market. Their
inclination to live a memory-filled life is driving them to give-up on
nine-to-five jobs and start travelling. With the advancement of technology,
they can work and earn livelihood while they are in a vacation. The soaring activities of camping, hiking,
travelling with the use of RVs, Camper vans, mini buses and many more requires
constant electrical supply even in off-grid times. These factors are driving
the growth of the portable power station market.
The
advancement of technology in a lightening speed is compelling the electronics
industry to evolve in course of time. The use of “smart everything” like smart
phones, smart homes, smart homes on wheels, and smart city projects is
skyrocketing. The application of smart things requires an uninterrupted supply
of power regardless of the location and is empowering the growth of this
market.
The
developing economies require uninterrupted source of power supply especially in
the rural regions. The accessibility of electricity in remote areas are of
higher needs. The use of portable power stations in areas of no electricity is
likely to lay down paths for electrification and the consequent development of
portable power station market.
The
rising concern about environment and the favorable directives of the government
to reduce carbon footprint is empowering the use of portable power stations
because it has negligible carbon emission. The preference towards the use of
renewable sources of energy is also a determining factor in this market.
To
satisfy the personal needs, more and more consumers are inclining in the
direction of portable power station which is positively influencing the
portable power station market.
Market Restraints
However,
portable power stations have to be recharged for great length of time which is
severely straining the portable power station market.
Further,
the portable power stations especially the battery-powered type is immoderately
priced and this is swaying away consumers from the utilization of this product
and hindering the prospects of this market.
Finally,
lack of knowledge among the consumers with regard to the availability of such
products and also the product qualities like low carbon emissions especially in
the developing nations are hampering the growth of the portable power station
market.
Opportunities
The
changing mindset of the people to add value and not things to life is likely to
develop the people’s attitudes towards camping and others and the use of
campervans, RVs and many more. This attitude development is also likely to
spread from developed nations to developing nations due to the penetration of
internet and social media and create lucrative opportunities for this market.
The
various projects of smart cities in developed as well as developing economies
is likely to provide great scope for this market.
The
further advancement of technology and research and development to improve the
product portfolio will provide bankable opportunities in the near future.
Trends
The
Asia Pacific region is projected to showcase significant progress in the
forecast period owing to rising budget approval of the government to invest in
power sector, the development of smart grids, smart meters, and power stations,
the soaring environmental concern, positive outlook towards the adoption of
renewable sources of energy and changing demographics and mindset. The presence
of globally emerging economies like India and China in the Asia Pacific region
is a growth factor for this market. The Europe market is also expected to
expand because of the widening base of consumers for electric vehicles and hybrid
electric vehicles and the adoption of renewable sources of energy. North
American market will also show progress increasing consumption of electricity,
immoderate cost of energy generation, favorable government norms, and rising
awareness.
Segment Covered:
This market
intelligence report on the global Portable Power Station Market encompasses market segments based on product type,
technology type, power source, capacity range and country.
By
Product Type the global Portable Power Station Market has been divided into:
q Battery
Powered
q Gas
Powered
By Technology Type the global Portable
Power Station Market has been divided into:
q Sealed
Lead Acid
q Lithium-ion
q Others
By Power
Source the global Portable Power Station Market has been divided into:
q Off-Grid
Support
q Emergency
Power
By Capacity Range the global Portable Power Station Market has been
divided into:
q Less than 500 Wh
q 501-1,000 Wh
q 1,001-1500 Wh
q Above 1500 Wh
By country/region,
the global Portable Power Station Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Goal
Zero
q Jackery
q EcoFlow
q Duracell
q Hyundai
Power
q Lion
Energy
q Indiegogo,
Inc
q Anker
Technology Ltd
q MAXOAK
TECHNOLOGY
q Milwaukee
Tool
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Portable Power Station Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Goal Zero
In March 2020,
brand-new Yeti 500X, a portable power station was launched by Goal Zero. This
product has a storage capacity of 428-505 Wh. It is perfect for emergencies,
lengthy camp trips and backyard parties.
Jackery
In January 2020,
portable power stations, Explorer 300 and explorer 1000, was introduced by
Jackery. These series are a Lithium based rechargeable portable power station.
EcoFlow
In December
2018, EcoFlow merged with SunPower to introduce EcoFlow-SunPower Energy Bundle.
This product can be charged by solar energy for five to nine hours and helps in
charging small electronic devices.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Portable
Power Station Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Portable Power Station Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Portable Power Station caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Portable
Power Station Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Portable Power Station Market
v
Identification
of key factors driving investment opportunities in the Portable
Power Station Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants