Research Nester published a report titled “Portable Power Station Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global portable power station market in terms of market segmentation by battery type, capacity, power source, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global portable power station market is expected to garner a large revenue by growing at a noteworthy CAGR throughout the forecast period, i.e., 2021 – 2030, owing to the growing smart device users in the world, increasing power use in remote areas and aging electricity grid infrastructure. Furthermore, rising focus on recreational activities is also estimated to fuel the expansion of market in the coming years.
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The market is segmented by battery type, capacity, power source and application. On the basis of battery type, the lithium-ion segment is anticipated to grow at a significant rate during the forecast period in view of the high availability and affordability of lithium ions. Additionally, based on application, the off-grid segment is expected to grow at the fastest rate ascribing to the escalating demand for fulfilling power requirements of portable devices such as laptops and smartphones.
Regionally, the global portable power station market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is expected to see the highest growth in the market during the forecast period, which can be attributed to the growing investments in renewable energy sector and advancements in the IT industry. Moreover, North America is evaluated to occupy the largest market share owing to the high electricity consumption and strong user base of smart devices in the region.
Growing Number of Smart Devices Worldwide to Drive Market Growth
In the recent years, there has been a growing emphasis on consumer products such as home intercommunication systems, personal computers, smartphones and video game systems. These appliances need to stay connected to power supply regardless of the platform. This is expected to be the major factor resulting in an increasing demand for portable power stations in the upcoming years.
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However, strict emission regulations regarding battery powered power stations is expected to operate as key restraint to the growth of the portable power station market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global portable power station market which includes company profiling of Jackery Inc., Goal Zero LLC, EcoFlow, Duracell Inc., Genpower Ltd, Li power (Shenzhen) technology co., Ltd., LionEnergy, LLC, Drow Enterprise Co., Ltd., Milwaukee Electric Tool Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the portable power station market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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