North America Portable Power Station Market is expected to reach US$ 119.16 Million by 2028

Published Date: 05 Apr 2022

500-1500 Wh segment to dominate the North America Portable Power Station Market during 2020–2028

According to The Insight Partners market research study on “North America Portable Power Station Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Capacity, Application, and Battery Type” is expected to reach US$ 119.16 million by 2028 from US$ 87.31 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the North America portable power station market along with the drivers and restraints pertaining to the market growth. Increasing popularity of outdoor and camping activities, surging use of smart electronic devices, raising use of portable power stations during power outages are the major factor driving the growth of the North America portable power station market. However, restricted operational capabilities of portable power stations compared to portable fossil fuel generators hinders the growth of North America portable power station market.

The North America portable power station market is segmented on the basis of type, capacity, application, battery type, and country. Based on type, the market is segmented into direct power and solar power. In 2020, direct power segment held the largest share in the market, and solar power is expected to be the fastest growing segment during the forecast period. Based on capacity, the market is segmented into below 500 Wh, 500-1500 Wh, and above 1500 Wh. In 2020, 500-1500 Wh segment held the largest share in the market, and below 500 Wh is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into emergency power, off-grid power, others. In 2020, emergency power segment held the largest share in the market, and off-grid power is expected to be the fastest growing segment during the forecast period. Based on battery type, the market is segmented into sealed lead acid and lithium-ion. In 2020, lithium-ion segment held the largest share in the market, and it is also expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into US, Canada, and Mexico. In 2020, US held the largest share in the market, and it is expected to be the fastest growing country during the forecast period.

EcoFlow; Drow Enterprise Co., Ltd.; Duracell Inc.; SHENZHEN CHAFON TECHNOLOGY CO., LTD; Lion Energy, LLC; Hyundai Power Products; Goal Zero; Jackery Inc.; ChargeTech; and Midland Radio Corporation are among the leading companies in the North America portable power station market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, With the EcoFlow DELTA Pro portable home battery named in the prestigious media’s 100 Best Inventions of 2021, EcoFlow has been recognized by TIME for its pioneering product development.

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