Portable Lithium Power Station Market Analysis Report By Type, By Capacity, By Sales Channel, By Application, By End Use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global portable lithium power station market was prized by USD 108.2 million in 2020. It is estimated to witness 13.2% CAGR from 2021 to 2028.

Drivers

The rising infiltration of smart electronic apparatuses can be credited to the enlargement of the market for portable lithium power station. These power stations offer a reliable power supply which is having USB ports for output and AC input.

Since, they can be effortlessly moved and access in distant sites, customers broadly makes use of portable lithium power stations. Therefore, a larger number of housing clients are ready to spend in portable lithium power stations. This is expected to impel the market, during the forecast period.

A majority of the portable lithium power stations available in the market can be recharged by means of solar power. Consequently, technical progression, together with a rising concentration on the generation of renewable electricity, is expected to steer the market, during the forecast period.

Restraints

In contrast, the greater price of portable lithium power stations is the most important issue, hampering retailing in the international market. Additionally, the restricted charging period of portable lithium power stations is one more feature, hindering the general expansion of the market. At the same time, a fall in the trade of electric vehicles, throughout the Covid-19 condition, is moreover an additional factor limiting the expansion of the market.

Application Insight

The emergency power section held more than 58.0% share and led the portable lithium power station market, in 2020. The section consists of emergency charging of the gadgets like laptops, smart phones, and tablets, for the duration of power outages and network shutdown.

The augmented out-of-doors camping, in addition to entertaining actions are largely driving the off-grid application section. The off-grid application section deals with the power necessities of entertaining vehicles and base camp equipment for example electrical cooking utensils, refrigerators, and microwave ovens.

Sales Channel Insight

The e-commerce section held more than 58.0% share and led the portable lithium power station market, in 2020. The rising infiltration of the internet plus augmentation in online transactions is expected to increase the enlargement of the section.

In North America, the infiltration of internet was registered at roughly 95.0%, in 2019. This is expected to increase during the near future. These issues are expected to speed up the demand for portable lithium power stations on e-commerce stage, during the forecast period.

Capacity Insight

In 2020, the less than 500 WH section held above 55.0% share and led the market. Mostly, these power stations are utilized for charging medium as well as small sized gadgets, for example laptops, smart phones and are appropriate for charging apparatuses merely for small periods.

The portable lithium power stations with capacity 1,000 WH to 1,499 WH are utilized for charging of big sized gadgets as well as equipments together with numerous minor gadgets for example POV cameras, smart phones, and laptops. This category of chargers offers additional hours of function and charges a variety of apparatuses for example POV cameras, 32” LCD TV, and others.

Type Insight

The direct power section held more than 60.0% share and led the portable lithium power station market, in 2020. Direct power carries out the unidirectional stream of an electric current and is usually grid-connected power. Due to the lesser dependence on power supply form, as contrast to solar-powered products, the direct power section is expected to develop by a considerable speed.

The natural energy getting from sun can be utilized by means of the solar panels. It can be use for power creation, which can be utilized to charge portable lithium power stations. Simply, the solar power can be used on remote or off-grid places where admittance to direct power is difficult. The potential development of solar-powered portable lithium power stations is credited to the rising demand for reasonably priced methods of providing power to a number of electronic gadgets.

End Use Insight

In 2020, the commercial section held more than 30.0% share and led the market. The residential section held the subsequent major share, in 2020. A portable lithium power station discovers an extensive variety of functions in residential end uses.

The industrialized applications of the portable lithium power station are dissimilar from commercial as well as residential uses. Industrial portable lithium power station wants to be extra strong, robust, and competent of working in severe surroundings.

Regional Insight

In 2020, North America held more than 44.0% share and led the global portable lithium power station market. It is projected to retain its domination, during the forecast period. Mainly, this can be credited to the attendance of market leaders, within the region. In this manner, support the accessibility of superior technology. Therefore, the region contains a technical advantage above other states.

Besides, the greater acceptance of smart electronic gadgets in addition to apparatuses is, moreover, the input factor pushing the demand for portable lithium power stations, within the region. Likewise, increasing occurrences of power outages in the nations like Canada and the U.S. are assisting the enlargement of the local market.

Asia Pacific is projected to record the maximum expansion speed, during the forecast period. This can be credited to the increasing progressions along with funds in the renewable energy division of the region.

Moreover, in Asia Pacific, portable lithium power stations, which can be recharged by means of solar energy, are in greater demand. This is, furthermore, anticipated to add to the expansion of the local market, during the forecast period.

Companies

The global market is distinguished by the existence of a big amount of companies. Some of them are entrenched global companies whereas a few of them are local, supplying to a restricted number of clients.

The existence of several companies has given a rise to greater competitiveness along with a disjointed market. Rising contest has forced major contestants to take on a variety of planned programs for example, development and presentation of new products to enhance their present position in the market.

Some of the companies for portable lithium power station market are:

    • Suaoki
    • Midland Radio Corporation
    • Li Power (Shenzhen) Technology Co., Ltd.
    • Greenway Power Co. Ltd.
    • EGO POWER+
    • Bluetti
    • ALL Powers Industrial International Co., Ltd.
    • Westinghouse Electric Corporation
    • Nexpow LLC
    • Lion Energy
    • Jackery Inc.
    • Goal Zero
    • Eco Flow
    • Black fire, Inc.

Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global portable lithium power station market report based on type, capacity, sales channel, application, end use, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2028)
    • Direct Power
    • Solar Power

• Capacity Outlook (Revenue, USD Million, 2016 - 2028)
    • Less Than 500 WH
    • 500 WH to 999 WH
    • 1,000 WH to 1,499 WH
    • 1,500 WH and Above

• Sales Channel Outlook (Revenue, USD Million, 2016 - 2028)
    • E-commerce
    • Brick and Mortar

• Application Outlook (Revenue, USD Million, 2016 - 2028)
    • Emergency Power
    • Off-grid
    • Automotive

• End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • Residential
    • Commercial
    • Industrial

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • MEA