America and Australia Portable Power Stations Market Size, Share, and COVID-19 Impact Analysis, By Type (Lithium-ion, Sealed Lead Acid), By Application (Emergency, Off-grid, Automotive), and America and Australia Portable Power Stations Market Insights Forecasts to 2033

Industry: Energy & Power

RELEASE DATE Jan 2024
REPORT ID SI3590
PAGES 200
REPORT FORMAT PathSoft

America and Australia Portable Power Stations Market Insights Forecasts to 2033

  • The America and Australia Portable Power Stations Market Size was valued at USD 209.78 Million in 2023.
  • The Market Size is Growing at a CAGR of 12.56% from 2023 to 2033.
  • The America and Australia Portable Power Stations Market Size is Expected to Reach USD 684.95 Million by 2033.

America and Australia Portable Power Stations Market

Get more details on this report -

Request Free Sample PDF

The America and Australia Portable Power Stations Market Size is expected to reach USD 684.95 Million by 2033, at a CAGR of 12.56% during the forecast period 2023 to 2033.

 

Market Overview

A portable power station is a rechargeable battery generator that can power small appliances including smartphones, tablets, laptops, fans, mini-refrigerators, electric blankets, and mini-refrigerators. The primary drivers propelling the growth of the portable power station market are the rising popularity of smart electronic devices and the need for uninterruptible power supplies, emergency power supplies, off-grid power supplies, and other applications. Furthermore, electronics consumer and smart devices have become increasingly popular over the forecast period. Due to this, producers have resorted to a "push" strategy, wherein a large volume of intelligent electronic devices are introduced into the market to facilitate consumer purchases. As smart and connected products become more popular and IoT devices become more widely used, manufacturers concentrate on producing connected devices. Tools that are intelligent and connected have been developed as a result of technological advancements and the advent of wireless networks. The manufacturing of battery-powered, intelligent, wirelessly networked devices is increasing steadily. Thus, this is expected to generate favourable opportunities for market expansion in America and Australia.

 

Report Coverage

This research report categorizes the market for America and Australia portable power stations market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the America and Australia portable power stations market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the America and Australia portable power stations market.

 

America and Australia Portable Power Stations Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 209.78 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:12.56%
2033 Value Projection:USD 684.95 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application
Companies Covered: EcoFlow, Jackery Inc., OAL ZERO, Bluetti Power, NRGVault Australia, Redarc Electronics, Renogy, Duracell Power, Klein Tools, Lion Energy, National Oilwell Varco, and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

Get more details on this report -

Request Free Sample PDF
 

Driving Factors

The electronics industry is known for being one of the most innovative and rapidly evolving sectors. Because of the intense competition, businesses in America and Australia always try to be the first to market with the newest technologies. The consumer products, industrial products, government products, and electronic components segments comprise the four main divisions of the electronics manufacturing industry. Electronics products such as alarm systems, home intercoms, electronic ovens, PCs, video game consoles, radios, cellphones, DVD players, cell phones, and televisions—have received a noticeable boost in recent years. Due to rising investments in applications such as smart cars, smart homes, and smart cities, the consumer electronics market presents significant growth opportunities. These applications require constant platform-to-platform consumer connectivity.

 

Restraining Factors

Maintenance is necessary, which causes inconvenience to users. To maintain the battery properly, they must set aside time and resources for cleaning, performance monitoring, and possibly seeking professional assistance for repairs. Furthermore, the short battery life has an impact on the sustainability and long-term dependability of portable power plants.

 

Market Segment

  • In 2023, the lithium-ion segment accounted for the largest revenue share over the forecast period.

Based on the type, the America and Australia portable power stations market is segmented into lithium-ion, and sealed lead acid. Among these, the lithium-ion segment has the largest revenue share over the forecast period. Lithium-ion portable power stations are becoming increasingly popular due to their adaptability, dependability, and environmental friendliness. These small gadgets are made to hold electrical energy and function as a portable power source for a range of uses. These are large rechargeable batteries that are perfect for emergency preparedness and outdoor enthusiasts because they have built-in inverters and multiple output ports.

 

  • In 2023, the off-grid segment accounted for the largest revenue share over the forecast period.

On the basis of application, the America and Australia portable power stations market is segmented into emergency, off-grid, and automotive. Among these, the off-grid segment has the largest revenue share over the forecast period. An off-grid power system transforms alternative energy sources, such as solar, into usable electricity. The off-grid system can function independently and is unaffected by blackouts because it is not connected to the local utility. For off-grid systems, solar power is a popular option, but we can also use fossil fuels or other renewable energy sources. The idea here is that we don't depend on the grid. In addition to solar power, a wide variety of generators are available. Off-grid systems function independently of our local utility company and are not connected to the utility grid. They function as massive batteries to store solar energy and need a power plant to convert the DC power that the sun captures into AC (household) electricity.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the America and Australia portable power stations market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • EcoFlow
  • Jackery Inc.
  • OAL ZERO
  • Bluetti Power
  • NRGVault Australia
  • Redarc Electronics
  • Renogy
  • Duracell Power
  • Klein Tools
  • Lion Energy
  • National Oilwell Varco

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the America and Australia Portable Power Stations Market based on the below-mentioned segments:

 

America and Australia Portable Power Stations Market, By Type

  • Lithium-ion
  • Sealed Lead Acid

 

America and Australia Portable Power Stations Market, By Application

  • Emergency
  • Off-grid, Automotive

Need help to buy this report?

Inquiry Before Buy
We'll use cookies to improve and customize your experience if you continue to browse. Is it OK if we also use cookies to show you personalized ads?
Learn more and manage your cookies
Yes, Accept Cookies