According to our latest market study on “Portable Power Station Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Capacity, Application, and Battery Type,” the market was valued at US$ 211.03 million in 2021 and is projected to reach US$ 295.91 million by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.    

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In 2016, more than 40.5 million Americans engaged in camping, which is a growingly popular recreational activity in the country. This figure includes campers who use RVs, autos, tents, and private backyards. A mini-fridge can be powered by a portable power source, which can also be used to light the camping site and preserve fresh meat and seafood. The number of camper families in the US has increased by 7 million year since 2014, and the percentage of people who favour outdoor activities has increased by 72%, according to the 2019 North American Camping Report. Along with an increase in existing campers, 38% of Gen Xers and 32% of millennials have started going on regular camping trips.

Impact of COVID-19 Pandemic on Portable Power Station Market

As per the 2021 annual Economic Trends Report conducted by the World Travel and Tourism Council (WTTC), the travel & tourism sector in Europe suffered drastic losses since March 2020. This negatively impacted the demand for portable power stations required in outing and during the expeditions. Additionally, the UK, France, Germany, and Italy experienced the second wave of COVID-19 outbreak, which has again compelled the manufacturers to restrict their production unit workforce, resulting in deceleration in portable power station demand.

Some of the companies competing in The Sterile Compounding Pharmacies Market are 

1. ChargeTech
2. Drow Enterprise Co., Ltd.
3. Duracell
4. EcoFlow
5. Goal Zero
6. Jackery, Inc.
7. Lion Energy
8. Midland Radio Corporation
9. Shenzhen Lipower Technology Co., Ltd
10. SUAOKI

In remote locations of developing countries, traditional centralized networks are incapable of addressing the basic, cost-effective electricity needs in time. The potential of remote and dispersed power systems to supply electricity across the world is supporting the portable power station market growth in developing countries. Concerns about CO2 and greenhouse gas emissions have attracted considerable global investments in renewable energy generation. Portable power stations are frequently utilized to store renewable energy and deliver electricity when needed. Thus, the global portable power stations market is predicted to grow during the forecast period as a result of the technological transformations in renewable energy generation.


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