The global portable lithium power station market size is estimated to arrive at USD 282.0 million by 2028. It is projected to develop by a 13.2% CAGR from 2021 to 2028.
By way of the enhancement in battery technology, in addition to the growing demand for transportable power sets from the consumer electronics division, used for providing power to tablets, notebooks, mobiles plus additional smart apparatuses, the demand for portable lithium power stations is expected to increase during the forecast period.
The increasing requirement for portable lithium power stations in a range of functional areas, comprising emergency power, automotive, and off-grid power, is likely to generate major openings for the companies working in the market for portable lithium power station, during the forecast period.
The growing infiltration of smart electronic apparatuses, strict global regulations regarding release of greenhouse gases and increasing demand for the dependable as well as continuous power are the important factors, steering the portable lithium power station market.
A combination of the companies is operating in the market. The presence of international companies, having bigger capability, supply to the customers in various regions. The national and indigenous companies provide services to limited customers and hold a sturdy grip in the native markets.
The important policies taken on by the companies consist of collaborations, joint ventures, investments, development as well as presentation of new products, in addition to enlargement of the market.
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Further key findings from the report suggest:
• As a result of the increasing necessity for the uninterrupted power, in addition to the availability of industrial class portable lithium power station, the industrial end-use section is likely to develop by a major speed, during the forecast period
• The e-commerce sales channel section is expected to observe considerable enlargement during the forecast period, because of the growing number of smart phone customers, in addition to increasing infiltration of the digital platforms, used for the business
• The solar power section is expected to observe the major expansion, during near future, on the basis of type, due to the growing stress on the usage of renewable energy
• Due to the rising global outside camping as well as recreational actions, that is projected to generate strong demand for the portable lithium power stations to meet the power necessities at distant places, the off-gird application section is likely to record the maximum CAGR, during the forecast period
• The 1,000 WH to 1,499 WH capacity section is expected to observe superior expansion because 1,000 WH to 1,499 WH capacity power stations are, gradually more, utilized for the power supply to the large-sized apparatuses, in conjunction with numerous minor devices for example laptops, smart phones and tablets
Million Insights segmented the global portable lithium power station market based on End Use, Application, Sales Channel, Capacity, Type, and Region.
Portable Lithium Power Station Type Outlook (Revenue, USD Million, 2016 - 2028)
• Direct Power
• Solar Power
Portable Lithium Power Station 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
Portable Lithium Power Station Sales Channel Outlook (Revenue, USD Million, 2016 - 2028)
• Brick and Mortar
Portable Lithium Power Station Application Outlook (Revenue, USD Million, 2016 - 2028)
• Emergency Power
Portable Lithium Power Station End-use Outlook (Revenue, USD Million, 2016 - 2028)
Portable Lithium Power Station Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• Asia Pacific
• Latin America
Various companies for portable lithium power station market are:
• Midland Radio Corporation
• Li Power (Shenzhen) Technology Co., Ltd.
• Greenway Power Co. Ltd.
• EGO POWER+
• ALL Powers Industrial International Co., Ltd.
• Westinghouse Electric Corporation
• Nexpow LLC
• Lion Energy
• Jackery Inc.
• Goal Zero
• Eco Flow
• Black fire, Inc.