Portable Power Station Market Outlook – 2030
The global portable power station market size was valued at $3.9 billion in 2020, and is projected to reach $5.8 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Portable power stations are used for long-term energy supply through capture, storage, and electricity supply in immediate manner while achieving sustainability as compared to conventional power stations in locations around the globe. Portable power stations enable a modular, smarter, and more resilient power generation infrastructure through peak demand management. Increased integration of renewable energy is possible in portable power stations. Portable power stations provide electricity in a plug-and-play manner and generate power in a couple of moments. Furthermore, they aid in the reduction of carbon dioxide (CO2) emissions. During peak shifting, portable power stations can provide additional electricity. They also support grid networks at a short notice, for any period of time or seasonally, if required. Traditionally, portable power stations are suitable for power outages and long-term energy supply whenever there’s an immediate or emergency need of electricity.
COVID-19 pandemic outbreak across the globe has resulted in halting of industrial manufacturing activities amid government imposed lock down measures. Due to this the demand for portable power station is expected to decline which is likely to hamper the growth of the market during the forecast period.
Increased use of smart grid services, ageing electricity grid infrastructure, and increased use of power in remote places are all key drivers of the global market. In remote places, developing countries must provide reliable access to power. Traditional centralized networks are incapable of providing cost-effective basic electricity to neglected areas in a timely manner. The potential for remote and dispersed power systems to supply electricity around the world is expected to increase the portable power station market in developing countries around the world during the forecast period.
Concerns about CO2 and greenhouse gas emissions have motivated significant investments in renewable energy generation around the world. Portable power stations are commonly used to store renewable energy and provide power when it is needed. Therefore, it is expected that during the forecast period, the technological shift towards renewable energy generation will promote the development of the global market for portable power station. The portable power station provides a reliable power source through the AC inlet and the USB socket. Furthermore, power station is widely used because they can be easily transported to remote areas. Therefore, more and more consumers are willing to invest in portable power station for personal use, which is expected to promote the development of the global portable power station market during the forecast period. The lack of awareness of the usefulness of portable power station in reducing energy costs and carbon dioxide emissions in developing countries is a major limiting factor in the global market.
The portable power station market analysis has been done into capacity, application, and region. By capacity, it is fragmented into less than 500 Wh, 501-1,000 Wh, 1,001-1,500 Wh, and 1,500 Wh or more. By application, it is classified into emergency power, off-grid power and automotive. Region wise, the market is studied throughout North America, Europe, Asia-Pacific, and LAMEA.
Portable power station market, by capacity
By raw material, the 501-1,000 Wh segment dominated the market and accounted for 37.6% of portable power station market share, owing to its usage in various applications, including off-grid power.
Portable power station market, by application
By application, the off-gird power segment is projected to grow at the highest rate during the portable power station market forecast period. The demand to power modern electronic equipment such as laptops, smartphones, etc., is driving the market for the off-grid segment.
Emergency Power is projected as the most lucrative segment.
Portable power station market, by region
By region, North America is the largest market in the world, predominantly due to the U.S., and the trend is expected to be the same during the forecast period. 2030
- North America
North America holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Enovolt Navigator 1500W portable power station shipment
We delivered the 1200 Units Navigator 1500W portable power station on Jan.5th 2023.
Navigator 1500W Technical data
Ac charge power
MPPT charge power
Cigarette Lighter Output
1500W - 110V / 220V