Global Portable Lithium Power Station Market by Type (Direct Power, Solar Power) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global portable lithium power station market was valued at USD108.2 millions in 2020. It is expected to grow at a compound annual rate (CAGR of 13.2%) between 2021 and 2028. This market's growth can be attributed to smart electronic devices' increasing penetration. The portable lithium power station is a reliable power source that can supply both AC inputs and output via USB ports. Users rely on portable lithium power stations because they are easy to transport and can be accessed even in remote locations. This is expected to increase the demand for portable lithium power stations in residential homes.

Lithium-ion, a highly advanced technology, is used in portable lithium power stations. Rechargeable lithium ions play a key role in the electrochemistry of portable lithium power stations. The highest energy density and the ability to deliver large amounts of current for high-power applications is provided by lithium-ion technology. Furthermore, lithium is lighter than lead-acid in terms of weight while still delivering the same power.

Increasing concerns about the global emissions of CO2 (CO2) have prompted large investments in renewable energy solutions. For storing and supplying renewable energy, portable lithium power stations are common. The majority of portable lithium power stations on the market can be recharged with solar power. The market will be driven by technological advances and a greater focus on renewable electricity generation over the forecast period.

Emerging economies must provide reliable power access in remote areas. Traditional grids cannot provide basic power supply in an affordable manner to remote areas. The potential for a portable lithium power station to provide power around the globe is a boon that will likely boost demand in emerging markets. Portable lithium power stations can also be used as an energy source with both AC and USB inputs. These power stations can be easily transported to remote areas and are widely used. A rising number of people are willing to purchase portable lithium power station for personal use. This will in turn increase the demand for portable lithium stations in the future.

However, the market is being held back by the high cost of portable lithium-ion power stations. The market's overall growth is also hindered by the short charging times of portable lithium-ion power stations. The market growth is being slowed by the simultaneous decrease in sales of electric cars during the COVID-19 environment. Despite the increasing sales and adoptions of lithium technology on the market, prices are expected to fall in the future. The solar-powered rechargeable capabilities of portable lithium power station attract new customers. This is because the limited charging time can now be eliminated.

Type Insights

With a market share of more than 60.0%, the direct power segment was the dominant player in 2020. Direct power is a unidirectional flow electric current that can be connected to the grid. An automotive battery can charge a portable lithium power station by connecting it to a 12V outlet in the vehicle that supplies a DC supply. Wall charging is a great option for charging portable lithium power stations. It provides AC power to allow for rapid charging. Direct power has one of the main advantages: there is no loss in supply. Direct power is expected to grow at an impressive rate due to its lower dependence on power supply than solar-powered products.

Solar panels can harness the sun's energy to generate power for portable lithium-ion power stations. Renewable solar energy is becoming more popular, which in turn shifts the consumer preference away from products powered by fossil fuels to renewable ones. You can use solar power in remote areas or off-grid where power access is difficult. The future growth in portable solar-powered lithium power stations can be attributed to the increasing demand for low-cost ways of powering multiple electronic devices.

Capacity Insights

With a market share of more than 55.0%, the segment with less than 500 watts dominated in 2020. These power stations can be used to charge small and medium-sized devices such as laptops and smartphones. They are also suitable for charging devices for shorter periods of time. This portable, 500Wh lithium power station is also responsible for the growth of this segment. It is lightweight and compact. The segment will continue to grow due to the increasing use of advanced electronic gadgets and the necessity to power them even during downtimes.

Portable lithium power stations range from 1,000 Wh to 1,499Wh and can charge large-sized equipment and multiple smaller devices such as smartphones, laptops and POV cameras. This charging equipment can provide extra hours of operation and charge various devices, such as 32-inch LCD TVs, POV cameras, or light-a-life. The portable lithium power station's charging capacity is 1,000 Wh to 1,499Wh, which is nearly twice the capacity of 500 Wh or 999 Wh. These power stations are used primarily for outdoor activities like camping, fishing, hunting, and so on. You can charge it with both solar and direct power. It can also be used for extended periods of time.

Sales Channel Insights

E-commerce dominated the market in 2020 with a market share of more than 58.0%. The segment will grow due to the increasing use of the internet and the growth in online sales. The internet penetration rate in North America was 95% in 2019, and this figure is expected to rise over the next few years. These factors will likely increase the demand for portable lithium-powered e-commerce power stations during the forecast period.

The growth of the ecommerce channel segment is expected to be driven by the presence of over 300 online retailers, increasing use of digital platforms for transactions and increasing smartphone usage. Due to the presence major retailers such as Amazon.com, Walmart Inc., and Best Buy Co. Inc., online sales of portable lithium-ion power stations will increase over the next few years. This will also contribute to an increase in portable lithium power station sales via ecommerce platforms during the forecast period.

Application Insights

With a market share of more than 58.0%, the emergency power segment was dominant in 2020. This segment includes emergency charging for devices such as smartphones, tablets and laptops during power outages and grid blackouts. The demand for portable lithium batteries for emergency power applications is increasing due to power outages caused by extreme conditions like earthquakes, storms and lightning. Other factors, such as the aging of power grid infrastructure, high-power demand during heatwaves that overburden transformers and electric cables, and other electrical distribution gear, are also helping to support the growth in the emergency power segment.

The main driver of the off-grid segment is increased outdoor recreation and camping. The off-grid segment addresses power requirements for recreational vehicles, campsite equipment, such as fridges, microwave ovens and campsites. The portable lithium power station provides power without causing noise, pollution, or fumes to devices and equipment. These power stations can be used in off-grid applications to power modern electronic devices like smartphones, laptops, LED lights, and other gadgets. These are driving the off-grid segment.

End-use Insights

In 2020, the commercial segment held over 30% of the market. In 2020, the residential segment held the second-largest market share. The portable lithium power station has many applications in residential use. This portable battery-powered generator can be used to charge smartphones, tablets, laptops, small appliances, fans, electric blankets, as well as mini-fridges for residential use. Market share in residential is driven by the increasing penetration of smart electronic devices and a growing focus on uninterrupted power supply across residential application such as off-grid or emergency power.

Industrial uses of the portable battery power station are quite different to residential or commercial. The industrial portable lithium power station must be stronger, more rugged, and capable to withstand harsh environments. Portable lithium power stations are a category of industrial power stations. They can be used in many applications that large power stations are not able to install. They can also supply power to industrial equipment, without creating noise pollution or fumes. They can also be used to power smaller power tools on construction sites.

Regional Insights

North America was the dominant market, with a market share of more than 44.0% in 2020. It is expected to continue its dominance through the forecast period. This is due to the presence in the region of market leaders, which facilitates the access of new and improved technology. The region is technologically superior to other regions. The key driver behind the increased adoption of smart electronics and equipment in the region is the portable lithium power station demand. The market is also supported by rising power outages in the United States and Canada.

Asia Pacific will experience the fastest growth rate during the forecast period. This is due to the increasing investments in and advances in the renewable energy sector. In the Asia Pacific, there is a high demand for portable lithium power stations that can recharge using solar energy. This will also contribute to regional market growth during the forecast period.

Market Share Insights & Key Companies

This industry is characterised by the presence of many market vendors. Some are established players with global operations while others are local/regional players that cater to a small number of customers. Increased competition has led to a more fragmented market. Key industry players have been forced to take strategic initiatives, such as product development and product launches, in order to improve their market position. Goal Zero, for instance, launched the Yeti X series next-generation lithium power station at the International CES 2020 in January 2020. The Yeti X series' full lineup includes Yeti 200X and Yeti 500X as well as Yeti 1000X and Yeti 1500X. Yeti 3000X is also available. Yeti 6000X is also available.

Jackery Inc. unveiled the Explorer 1000 portable powerstation at its first Jackery Explorer Day in March 2020. Explorer 1000, which has 1,000W of rated power and 1,002Wh of power, is Jackery Inc.'s largest portable power station. EcoFlow's latest portable power station, R600, was launched on Kickstarter in May 2020. This portable power station is the only one that can be chained and doubles its power output. Bluetti also launched the AC200, a solar-powered backup power source, in July 2020. Bluetti AC200, a portable 2000 W, 1400 Wh power station, can power most home appliances, power tools, and even electric vehicles like Tesla Model S.

• ALLPowers Industrial International Co. Ltd.

• Blackfire, Inc.

• Bluetti

• EcoFlow

• EGO POWER+

• Goal Zero

• Greenway Power Co. Ltd.

• Jackery Inc.

• Li Power (Shenzhen), Technology Co., Ltd.

• Lion Energy

• Midland Radio Corporation

• Nexpow LLC

• Suaoki

• Westinghouse Electric Corporation

Up Market Research published a new report titled “Portable Lithium Power Station Market research report which is segmented by Type (Direct Power, Solar Power), By Players/Companies Li Power (Shenzhen) Technology Co Ltd, Westinghouse Electric Corporation, Goal Zero, Bluetti, Jackery Inc, Midland Radio Corporation, Lion Energy, Blackfire Inc, EGO POWER+, EcoFlow, Greenway Power Co Ltd, Nexpow LLC, ALLPowers Industrial International Co Ltd, Suaoki”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Portable Lithium Power Station Market Report Segments:

The market is segmented by Type (Direct Power, Solar Power).

Portable Lithium Power Station Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Portable Lithium Power Station Market

Overview of the regional outlook of the Portable Lithium Power Station Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Portable Lithium Power Station Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Portable Lithium Power Station Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Direct Power

                2. Solar Power

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Portable Lithium Power Station Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Portable Lithium Power Station Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.