Report ID: SQMIG55E2048
Report ID:
SQMIG55E2048 |
Region:
Global |
Published Date: December, 2024
Pages:
195
|
Tables:
113 |
Figures:
72
Portable Power Station Market size was valued at USD 545.04 Million in 2023 and is poised to grow from USD 590.71 Million in 2024 to USD 1124.53 Million by 2032, growing at a CAGR of 8.38% during the forecast period (2025-2032).
The portable power station market growth is driven by the increasing demand for cleaner and reenergized sources of energy. Portable power plants have become much more in demand by customers as a result of increased awareness of environmental issues. These gadgets support the global trend toward sustainability in living. Besides that, electricity or power is anticipated to be a prime contributing factor for the requirement during natural catastrophes. The market will expand with the increase of outdoor leisure activities and also due to the increasing requirement for reliable power sources at remote locations. For outdoor enthusiasts, campers, and adventurers, portable, lightweight, and efficient power solutions are required to charge their electrical gadgets when not connected to the grid. Portable power plants fulfill all these requirements completely, providing a steady and viable power source that maximizes fun outdoors. The continued growth of the electric vehicle industry will significantly benefit the market for portable power stations. Within the next few years, there will probably be more demand for portable power solutions that could extend the range of a vehicle and also offer emergency charging in locations without infrastructure as usage of EV increases. Under these circumstances, companies therefore have more opportunities to develop and integrate their power plants with the EV ecosystem.
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Report ID: SQMIG55E2048