The portable integrated photovoltaic market size is projected to reach US$ 3,402.21 million by 2031 from US$ 1,267.82 million in 2024. The market is expected to register a CAGR of 15.3% during 2025–2031. The advancements in portable solar technology are likely to bring new trends in the market in the coming years.
Portable integrated photovoltaic devices cater to consumers seeking eco-friendly, off-grid power sources, particularly in outdoor recreation, disaster recovery, and remote areas. Key factors driving the portable integrated photovoltaic market growth include increasing disposable incomes, providing and improving safety in outdoor environments, increasing popularity of outdoor recreational activities, and surging adoption of portable electronic devices. An increase in consumer awareness and environmental consciousness and government support and incentives are anticipated to create opportunities for the key players operating in the market in the future. Further, advancements in portable solar technology are projected to be the key trend in the portable integrated photovoltaic market in the coming years.
Portable integrated photovoltaics (PIPV) refer to advanced solar energy solutions that are designed to be lightweight, flexible, and easily integrated into various products and systems. These innovative solar panels harness sunlight to generate electricity, offering mobility and versatility across a wide range of applications, including outdoor gear, emergency backup power, and off-grid solutions. Portable integrated photovoltaics typically utilize cutting-edge materials such as perovskite solar cells and ultra-thin films, which significantly improve energy conversion efficiency while reducing weight and production costs. The portability and integration capabilities of portable integrated photovoltaic systems make them ideal for consumer-facing products, including solar-powered backpacks, tents, clothing, and even vehicles. Additionally, portable integrated photovoltaic solutions are increasingly being incorporated into building materials, such as windows and walls, transforming everyday surfaces into clean energy sources.
As per Trading Economics, disposable personal income in the US increased from US$ 21,798.30 billion in August 2024 to US$ 21,855.80 billion in September 2024. The higher disposable income, particularly among middle and high-income consumers, allows them to afford the initial cost of recreational and traveling activities and cover the associated maintenance, registration, insurance, product purchase, and other ownership expenses. This surge in disposable income is fueling the adoption of portable integrated photovoltaic equipment for leisure & recreational activities and emergency power backup applications as more individuals seek to invest in high-quality portable solar-powered products that offer superior performance, portability, and efficiency. The rising disposable income allows consumers to invest in the majorly required emergency products such as lighting, chargers, battery backups and others to use in remote areas, thereby driving the portable integrated photovoltaic market growth.
Tax credits, subsidies, and grants for solar technology can reduce the financial barrier to entry for consumers, propelling the demand for portable photovoltaics. Businesses can collaborate with governments and organizations to provide solar-powered solutions for remote communities, disaster preparedness, or military applications. The Investment Tax Credit (ITC), referred to as the Federal Solar Tax Credit by the US government, offers a dollar-for-dollar reduction in federal income taxes owed, potentially resulting in a tax refund. This incentive is expected to cover 30% of the total cost of a solar system, including labor and materials, by 2032. The ITC has played a pivotal role in stimulating growth within the solar industry. For instance, a solar system valued at US$ 15,000 could qualify for a US$ 4,500 tax credit, effectively lowering the system's total cost to US$ 10,500. To be eligible, the taxpayer must own the system, and grid-tied as well as off-grid systems with batteries are qualified for this incentive.
New York State provides a 25% income tax credit for residential solar systems installed on primary residences, with a maximum credit of US$ 5,000. To qualify, homeowners must either purchase or lease the solar equipment or enter into a Power Purchase Agreement (PPA) with a minimum term of ten years. By offering tax credits, subsidies, and grants and collaborating on initiatives for remote communities, disaster relief, and military applications, governments are making renewable energy solutions more accessible and financially viable.
Key segments that contributed to the derivation of the portable integrated photovoltaic market analysis are application and geography.
The geographic scope of the portable integrated photovoltaic market report offers a detailed global, regional, and country analysis, which covers regions such as North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America and Europe are major regions witnessing significant growth in the portable integrated photovoltaic market. The US Bureau of Economic Analysis released statistics on the outdoor recreation industry for the country, all 50 states, and the District of Columbia. According to these statistics, the value added to the outdoor recreation industry contributed 2.3% (US$ 639.5 billion) to the US current-dollar GDP in 2023. At the state level, value added for outdoor recreation as a fraction of state GDP varied from 6.3% in Hawaii to 1.6% in Delaware, Connecticut, and New York. Also, the District of Columbia had a share of 0.8%. Thus, the soaring recreational activities in the region are fueling the growth of the North America portable integrated photovoltaic market.
In Asia Pacific, portable integrated photovoltaics find applications in remote applications for emergency power backup and recreational & leisure activities. In urban or remote areas, photovoltaics can power autonomous compact devices, tools, and meters. It can meet the electricity needs of parking meters, temporary traffic signals, emergency telephones, radio transmitters, irrigation pumps, flow meters, lighting applications, and refrigeration needs. These devices are increasingly used in military applications for charging electronic equipment in the field or at remote locations. As the economies of the region, particularly those of China and India, are growing, interest in recreational and leisure activities is increasing, driving demand for portable power stations, solar chargers, and other compact products. Further, rapid economic development and continued consumer spending on outdoor activities drive market growth in APAC.
As per the insights from the Australian Trade and Investment Commission, between 2014 and 2023, demand for nature activities among Australians grew by 47% overall. Some activities grew by more than 80%, and nearly 50% of people are enjoying Australia's stunning natural spaces. The soaring interest from young consumers in cycling, fishing, and hiking is fueling the demand for portable power stations, solar chargers, RV fridges, solar backpacks, and other portable solar power devices. In addition, the rise of nature-based tourism in Australia fuels the demand for solar-powered products in outdoor applications. As per the insights from the Australian Trade and Investment Commission, participation in outdoor activities such as visiting national parks, hiking, rainforest walks, and cycling increased by an average of more than 40% from 2014 to 2023.
The regional trends and factors influencing the Portable Integrated Photovoltaic Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Portable Integrated Photovoltaic Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 1,267.82 Million |
| Market Size by 2031 | US$ 3,402.21 Million |
| Global CAGR (2025 - 2031) | 15.3% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Portable Integrated Photovoltaic Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Portable Integrated Photovoltaic Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The portable integrated photovoltaic market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the portable integrated photovoltaic market are listed below:
The "Portable Integrated Photovoltaic Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The List of Companies - Portable Integrated Photovoltaic Market
Increasing popularity of outdoor recreational activities, providing and improving safety in outdoor environments, increasing disposable income, and growing adoption of portable electronic devices are some of the major drivers of the market.
The global portable integrated photovoltaic market was valued at US$ 1,267.82 million in 2024; it is expected to register a CAGR of 15.3% during 2025–2031.
The key players operating in the global portable integrated photovoltaic market include EcoFlow EU; Jackery Inc; Renogy International; Bluetti Power; and AllPowers US.
Advancements in portable solar technology are some of the major future trends of the market.
The global portable integrated photovoltaic market is expected to reach US$ 3,402.21 million by 2031.