Report : Europe Portable Power Station Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Direct Power and Solar Power), Capacity (Below 500 Wh, 500-1500 Wh, and Above 1500 Wh), Application (Emergency Power, Off-grid Power, and Others), and Battery Type (Sealed Lead Acid Battery and Lithium-Ion Battery)
Direct Power segment to dominate the Europe Portable Power Station Market during 2020–2028
According to a new market research study on “Europe Portable Power Station Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Capacity, Application, and Battery Type” is expected to reach US$ 80.64 million by 2028 from US$ 56.12 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the Europe portable power station market along with the drivers and restraints pertaining to the market growth. Burgeoning use of portable power stations during power outages, fostering use of smart electronic devices, increasing use of smart grid services and energy in remote areas, and aging electricity grid infrastructure are the major factor driving the growth of the Europe portable power station market. However, meagre operational capabilities of portable power stations compared to portable fossil fuel generators hinders the growth of Europe portable power station market.
The Europe portable power station market is segmented on the basis of type, capacity, application, battery type, and country. Based on type, the market is segmented into direct power and solar power. In 2020, direct power segment held the largest share in the market, and solar power is expected to be the fastest growing segment during the forecast period. Based on capacity, the market is segmented into below 500 Wh, 500-1500 Wh, and above 1500 Wh. In 2020, 500-1500 Wh segment held the largest share in the market, and below 500 Wh is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into emergency power, off-grid power, others. In 2020, emergency power segment held the largest share in the market, and off-grid power is expected to be the fastest growing segment during the forecast period. Based on battery type, the market is segmented into sealed lead acid and lithium-ion. In 2020, lithium-ion segment held the largest share in the market, and it is also expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into the Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, Germany held the largest share in the market, and Italy is expected to be the fastest growing country during the forecast period.
EcoFlow; Drow Enterprise Co., Ltd.; Duracell Inc.; SHENZHEN CHAFON TECHNOLOGY CO., LTD; Lion Energy, LLC; Hyundai Power Products; Goal Zero; and Jackery Inc. are among the leading companies in the Europe portable power station market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com