Portable Power Station Market is growing rapidly with huge scope and application opportunities by 2021-2030

Rising usage of smart electronic devices and rising concerns over CO2 emissions are driving the growth of the global market.

PORTLAND, OREGON, USA, July 18, 2022 /EINPresswire.com/ — Allied Market Research recently released a report titled “portable power station market By Capacity and Application: Global Opportunities Analysis and Industry Forecast, 2021-2030″. According to the report, the global portable power station industry was worth $3.9 billion in 2020 and is expected to reach $5.8 billion. dollars by 2030, growing at a CAGR of 4.1% from 2021 to 2030.

Rising usage of smart electronic devices and rising concerns over CO2 emissions are driving the growth of the global portable power station market. However, the high cost of portable battery-powered stations is hampering the growth of the market. On the contrary, increase in outdoor and camping activities would open up new opportunities for market players in the future.

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The portable power station market analysis has been done based on capacity, application, and region.
In capacity, the 501-1,000 Wh segment held the greater part in 2020, accounting for nearly two-fifths of the global portable power station market, driven by increasing demand for additional power capacity and charging of power-intensive electronic devices in the regions of North America, Europe and Asia-Pacific.

By application, the market is divided into backup energy, off-grid energy and automotive. The off-grid energy segment is estimated to witness the fastest growth during the forecast period owing to the growing use of smartphones and increase in camping and other recreational activities.

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By region, the North American market held the largest share in 2020, accounting for nearly two-fifths of the market, with the United States being the largest portable power station market in the world. However, the global portable power station market in Asia Pacific is expected to register the highest CAGR of 5.0% during the forecast period, owing to the increase in the use of smart electronics and the increased number of power outages in countries such as China, India and Japan.

The large companies featured in this report include Anker Technology, Bluetti, Duracell, EcoFlow, Goal Zero, Jackery, Lion Energy, Milwaukee Tool, Scott Electric and Suaoki. Market players have adopted several strategies such as product launch and business expansion to compete in the market.

Get a detailed analysis of the impact of COVID-19 on the Portable Power Station Market
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Impact of COVID-19 on the Global Portable Power Station Market
As people remain isolated at home, COVID19 continues to have a major impact on tourism and air travel around the world. Closed destinations and hotels, as well as travel restrictions, camping and outdoor recreation will affect travel and tourism. According to data from the World Tourism Organization (UNWTO), all tourist destinations worldwide have travel restrictions in place, 97 destinations (45%) have fully or partially closed their tourist borders, and 65 destinations (30 %) have been totally or partially suspended International flights, and 39 destinations (18%) are closing their borders, banning passengers from certain countries of origin. COVID19 has already affected the Asia-Pacific region, Europe, the Middle East and North America. Additionally, the impact of COVID-19 on camping and other industries in the Outdoor Portable Power Station Market is affecting the sales. The above restrictions have directly impacted the global portable power station market.

David Correa
Allied Analytics LLP
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