Europe portable power station market generated a revenue of US$ 72.2 million in 2022 and is estimated to reach a valuation of US$ 120.3 million by 2030, at a CAGR of 6.6% over the forecast period 2023–2030.
Portable power stations are commonly used in outdoor activities such as hiking and biking, as well as for domestic tasks such as keeping lights on during a power outage. They are also becoming increasingly common among businesses and institutions, particularly those that need to maintain high levels of connectivity but don't have access to an outlet or want to reduce their environmental impact.
Growing demand for portable power station market is a worldwide trend that is expected to continue in the coming years. Portable power stations are becoming more and more popular as people look for an easier, more convenient way to get electricity when they're out. They're also becoming popular as a backup source of power in case of an emergency.
Portable power stations come in a variety of shapes and sizes and can be powered by gasoline, diesel, or renewable energy sources like solar or wind. They are easy to transport and can be set up quickly anywhere there is an outlet, making them ideal for short-term needs such as powering laptops or cell phones.
There are a number of products available in the Europe portable power station market today, ranging in price from around $100 to upwards of $1,000. Some models are designed for use with specific devices, such as drones or camping gear, while others are more general-purpose units that can be used with any device that accepts an AC adapter.
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Market Dynamics
Drivers
Growing Usage of Electronic Devices
Europe produces more IoT devices per year than there are people on the planet. Europe’s electronics devices industry has expanded to become one of most lucrative market in the region with the increasing supply and demand. With a EUR 705 billion revenue in 2017, the European electronics manufacturing industry employed over 2.5 million workers across 86,200 businesses.
Europe has long been a center of innovation in electronics and other technological fields, thanks in part to its large population and diversity in portable power station market. This enthusiasm for new technology is translating into high demand for electronic devices and IoT devices. In response to this demand, electronic manufacturers are designing more powerful and portable electronics, including power banks, smartphones with larger battery capacities, and solar chargers. These products are ideal for use on the go or when an outlet isn't available. Portable power stations can also provide backup power in case of an outage. As a result of these growing demands, the market for portable power stations is expanding rapidly across Europe.
Electronics are widely used in European homes, from domestic equipment like vacuum cleaners, washing machines, and refrigerators to gadgets like mobile phones, computers, and televisions. In 2017, electrical and electronic products accounted for an average of 5% of household spending in the Europe portable power station market.
In Europe, the educational sector now represents the largest market for laptops as an electronic device. Sales of educational laptops through distribution climbed 38% year over year in Western Europe as a whole, showing that demand from educational customers has remained strong.
Increase in Outdoor and Camping Activities
Interest in outdoor and camping activities is on the rise in Europe's portable power station market, with a record number of people traveling and camping during the first six months of the year. This trend is being driven by factors such as climate change and dwindling natural resources, as well as increased safety concerns.
The European Commission's report "Observing Socio-Economic Dynamics - Trends 2020" found that there was a 296% increase in international tourism to 15 EU countries between 2015 and 2020, with an equivalent increase at the national level of about 134%. The report also noted that 65% of Europeans had visited at least one park or forest area outside their home country between 2015-2020. This rising interest has been seen in both luxury travel destinations such as France's Chateau de Versailles to popular budget destinations like Spain's Picos de Europa National Park.
In order to accommodate these increases, many parks and other recreational areas in the Europe portable power station market are implementing new programs and services aimed at encouraging outdoor recreation. These can include more facilities for biking, hiking, climbing, and bird watching; improvements to trails; more lakes for fishing; better signage; creation of quiet zones for relaxation; cultural events; team building activities; and unique attractions such as zip lines or tree house campsites.
Overall, these trends illustrate how outdoor activities are becoming increasingly important not just for individuals but also for communities across Europe. With a growing population looking for ways to reduce stress while enjoying nature, these programs provide valuable opportunities for everyone to get out
Since domestic tourists are now spending more nights in European campgrounds than they were during the COVID, there has been a rise in camping throughout Europe portable power station market. On Contrary to the overall trend, between April and September 2020 in 10 European Union member states, more nights were spent than during the same time in 2019. The largest rise was seen in Slovenia (+76%), followed by Austria (+32%) and Belgium (+25%).
Market Trends
Increasing Adoption of Renewable Energy
Renewable energy has been gaining ground in recent years as it has become more affordable and accessible. One of the most popular renewable energy sources is a portable power station in Europe that run on solar energy. Due to their small size, these units are easy to transport and set up, making them ideal for use in remote areas or for businesses that need quick and reliable power.
Since most solar panels are located in the sunniest areas, portable power stations that run on solar energy have had to make some compromises. For example, they tend to be less powerful than traditional grid-powered units. But as technology improves, these units in the global portable power station market are becoming more powerful and efficient, allowing them to compete with traditional power sources.
Restraints
Heavy Items and Charging Period
Most portable power stations weigh more than 80 pounds and are roughly the size of a typical microwave oven.
That suggests that most consumers in the Europe portable power station market often need help transporting them. Some of the models have wheels, but not all the wheels are huge, which makes it challenging to move them across a lawn.
The EcoFlow Delta Pro and Bluetti AC200P weigh too much to be considered among the greatest portable power stations of 2022; they have respective weights of 45 kg and 27.5 kg.
Segmental Analysis
Power Source Analysis
Based on the power source, direct power held 75.9% of the Europe portable power station market. The growth can be attributed to various benefits it offers, such as it enables voltage change with less space, material, and weight, enabling efficient operation of massive machinery. Their architecture consists of three groups of main and secondary coils, each wound around an iron core.
Type Analysis
Based on type, the Lithium-ion segment held a 42.1% share of the Europe portable power station market. The availability and affordability of lithium-ion batteries in Europe is primarily responsible for the expansion of the lithium-ion market. Furthermore, lithium-ion batteries are long-lasting and low-maintenance, which reduces the overall cost of maintaining portable power stations and is likely to boost demand for them over the projection period.
Lead acid batteries are gaining momentum in the portable power station market due to their low cost, high reliability, and wide range of applications. These batteries are especially popular for devices that need a quick start-up time, such as electronic gadgets and medical equipment. Lead acid batteries also have a long-life expectancy, making them a good choice for devices that require regular usage.
One of the main drawbacks of lead acid batteries is their size. They are generally larger than other types of batteries, which can make them difficult to fit into small spaces. However, advancements in technology are slimming down lead acid battery designs so they can be more easily incorporated into portable power stations. Additionally, manufacturers in the global portable power station market are increasingly incorporating lead acid batteries into modular power stations that can be combined together to create larger units. This makes lead acid batteries a viable option for portable power stations that need a large amount of energy quickly.
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Capacity Analysis
Based on capacity, the 1000-1500 segment held a 29.1% share of the Europe portable power station market in 2022 and is further projected to observe growth during the forecast period followed by the 0-100 Wh, 100-200 Wh, 200-400 Wh, 400-1,000 Wh, 1,500 Wh and above segment.
Along with large-sized equipment, the 1,000–1,500 Wh portable power stations are used to charge a variety of smaller devices, including cell phones, laptops, and POV cameras. Light-a-life, POV cameras, and 32" LCD TVs are just a few of the products that can be charged and have their running times extended by this type of charging system.
Application Analysis
By application, emergency power generated revenue of around 78.6% of the portable power stations market in 2022. It is expected to be followed by automotive and ships segments in the years to come. Due to a growth in various leisure activities and a rise in smartphone usage, the emergency power segment is expected to enjoy a higher market share.
Sales Channel Analysis
With a CAGR 7.5%, the online sales segment dominated the Europe portable power station market in 2021, and it is expected to keep growing over the forecast period.
Country Analysis
Western European countries, such as the UK and Germany in particular, were responsible for generating over 83.7% of sales revenue in Europe portable power station market. This region is likely to keep its dominance in the coming years due to strict government measures to limit carbon emissions, increased awareness of the negative consequences of conventional power sources, and the rising use of electronic gadgets and EVs.
Competitive Landscape:
EcoFlow, BluettiPower, Duracell, Jackery, and Lion Energy are top 5 players in the global portable power station market, and they are collectively holding over 40% market share.
The portable power station market is booming as more and more people turn to these devices when they need a quick burst of electricity. Manufacturers are coming up with new models every day, and there are even portable power stations that can be used to charge phones and other small electronics.
But how do players in this market compete? With so many different products on the market, it can be hard for customers to know which one to buy. Some manufacturers focus on ground-breaking technology, while others try to offer the best price possible. And then there are those who go above and beyond by creating unique designs or incorporating innovative features into their portable power stations.
List of Key Companies Profiled:
Growth Strategies of key players:
Segmentation Overview
The Europe Portable Power Station market is sub-segmented into:
By Power Source
By Type
By Capacity
By Application
By Sales Channel
Europe
Report Attribute | Details |
---|---|
Market Size Value in 2022 | US$ 72.2 Million |
Expected Revenue in 2030 | US$ 120.3 Million |
Historic Data | 2017-2021 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Unit | Value (USD Mn) |
CAGR | 6.6% |
Segments covered | By Power Source, By Type, By Capacity, By Application, By Sales Channel |
Key Companies | BluettiPower, Jackery, Goal Zero, Duracell, EcoFlow, Lion Energy, Milwaukee Tool, Anker Technology, AllPowers Industrial International, Other Prominent Players |
Customization Scope | Get your customized report as per your preference. Ask for customization |
A portable power station, also known as temporary power, is an electrical system that offers electrical power distribution for a project that is only intended to endure for a short period of time, depending on the battery condition and size of the power station.
The combined market share of five key players is almost 40% in 2021.
The rising demand of Portable Power Stations is because of the usage of electronic devices is increasing day by day.
The Europe Portable Power Stations market is projected to grow at a CAGR of 6.6% during the forecast period 2022-2030 and is expected to reach US$ 120.3 Mn by 2030.
Increase in outdoor and camping activities and increase in usage of electronic devices are key factors driving the market growth.
The online segment holds the highest CAGR in the Europe Portable Power Stations market during the forecast period.
Western Europe is growing with the fastest CAGR during the forecast period.
Heavy items and long charging period is a restraining factor that inhibits the growth of the Portable Power Stations market during the forecast period.
UK holds the major share in terms of revenue in the Europe Portable Power Stations market.
Power Source, Type, Capacity, Application, Sales Channel, and country are the different segments in the Europe Portable Power Stations market.
BluettiPower, Jackery, Goal Zero, Duracell, EcoFlow, Lion Energy, Milwaukee Tool, Anker Technology, AllPowers Industrial International among others.
The Europe Portable Power Station Market had a negative impact in the COVID-19 pandemic.
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