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Markets and Markets, an international market research institution, recently released a research report that the compound annual growth rate of the global portable power station market from 2020 to 2025 is about 7.
5%, and its market size is expected to increase from $330 million in 2020 to $474 million
in 2025.
Increasing use of smart electronic devices, growing demand for uninterrupted and reliable power supplies, and stringent emission regulations in regions such as Asia Pacific, North and South America, Europe, and the Middle East and Africa are the major factors
contributing to the steady growth of this market.
By type of operation, the market is segmented into direct current and solar
power.
In 2019, DC power sources accounted for a larger
share of the portable power station market.
In regions such as North America, Europe, and Asia, increasing emphasis on reducing charging time and cost reduction is driving the DC power supply market
.
Moreover, DC power-based portable power stations do not cause power interruptions or self-discharge, and they also do not require any other accessories, which is also expected to dominate the market
during the forecast period.
Based on technology type, the market is segmented into lithium-ion and sealed lead-acid, and lithium-ion is expected to have a higher growth rate
in the portable power station market.
The growing demand for high durability, high energy density, and faster charging, offering lithium-ion type products at affordable prices, is driving the growth
of this segment.
By region, North America is expected to dominate the global portable power station market
.
This is mainly due to power outages, increased use of smart electronic devices, and increased number of camping and outdoor recreation activities in countries such as the United States, Canada
, and Mexico.
Portable power stations are increasingly being adopted to efficiently power smart electronic devices during such events, allowing people to stay connected
.
Markets and Markets, an international market research institution, recently released a research report that the compound annual growth rate of the global portable power station market from 2020 to 2025 is about 7.
5%, and its market size is expected to increase from $330 million in 2020 to $474 million
in 2025.
Increasing use of smart electronic devices, growing demand for uninterrupted and reliable power supplies, and stringent emission regulations in regions such as Asia Pacific, North and South America, Europe, and the Middle East and Africa are the major factors
contributing to the steady growth of this market.
By type of operation, the market is segmented into direct current and solar
power.
In 2019, DC power sources accounted for a larger
share of the portable power station market.
In regions such as North America, Europe, and Asia, increasing emphasis on reducing charging time and cost reduction is driving the DC power supply market
.
Moreover, DC power-based portable power stations do not cause power interruptions or self-discharge, and they also do not require any other accessories, which is also expected to dominate the market
during the forecast period.
Based on technology type, the market is segmented into lithium-ion and sealed lead-acid, and lithium-ion is expected to have a higher growth rate
in the portable power station market.
The growing demand for high durability, high energy density, and faster charging, offering lithium-ion type products at affordable prices, is driving the growth
of this segment.
By region, North America is expected to dominate the global portable power station market
.
This is mainly due to power outages, increased use of smart electronic devices, and increased number of camping and outdoor recreation activities in countries such as the United States, Canada
, and Mexico.
Portable power stations are increasingly being adopted to efficiently power smart electronic devices during such events, allowing people to stay connected
.
