Pune, India, Aug. 17, 2021 (GLOBE NEWSWIRE) -- As cited by expert analysts, global portable lithium power station market size was valued at USD 102 million in 2020 and is reckoned to register 12% CAGR over 2021-2027 to accumulate USD 225 million by the end of the forecast period.
The research document splits the marketplace into various segments based on product type, capacity, sales channel, application ambit, end-user scope, and regional landscape to discern the lucrative investment opportunities available across each segment during the analysis timeframe. Furthermore, it provides a holistic view of the competitive arena by explicating business profiles, financials, strategies, and recent developments pertaining to prominent players in this business sphere.
Mounting demand for smart electronic devices including home intercommunication systems, smart watches, televisions, alarm systems, wearables, and laptops, in consort with the mercurial growth observed in electric car industry are propelling worldwide portable lithium power station market growth.
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Notably, EV sales in the U.S. and Europe increased by 361,000 and 385,000 respectively during 2017-18. Meanwhile, China sold approximately 1.1 million electric vehicles and recorded a noteworthy statistic of 2.3 million active EVs in 2018, making it the largest market in the world. This drastic shift towards electric cars in automotive sector will strongly catalyze the demand for portable lithium power station.
Furthermore, preference for uninterrupted power source in electronic devices is also creating new opportunities for businesses operating in this domain.
For those unversed, portable lithium power stations are small battery-operated generators used for charging electronic devices such as power banks, cell phones, portable fans, and battery-operated toys.
Elucidating on the negatives, high initial investment as well as huge operation costs are likely to impede overall market development in the forthcoming years.
Market segmentation overview:
Based on product type, global portable lithium power station market is fragmented into direct power, and solar power. By capacity, the industry segmentation consists of < 500 WH, 500-999 WH, 1000-1499 WH, and 1500 WH & above.
Moving on to sales channel, the market is categorized into brick-and-mortar, and online, while application-based fragmentation is comprised of off-grid, emergency power, and automotive. Lastly, elucidating on the end-user spectrum, the business vertical is split into industrial, residential, and commercial segments.
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Regional scope:
Analysts cite that North America currently holds a substantial industry share owing to mounting demand for EVs as well as increasing per capita income of populace. Meanwhile, Asia-Pacific portable lithium power station industry is slated to witness stellar growth during the assessment period 2021-2027, driven by rapidly expanding electronics sector, in consort with escalating discretionary income levels.
Global Portable Lithium Power Station Market, by Product Type (Revenue, USD Billion, 2018-2027)
- Direct Power
- Solar Power
Global Portable Lithium Power Station Market, by Capacity (Revenue, USD Billion, 2018-2027)
- < 500 WH
- 500-999 WH
- 1000-1499 WH
- > 1500 WH
Global Portable Lithium Power Station Market, by Sales Channel (Revenue, USD Billion, 2018-2027)
- Brick-and-Mortar
- Online
Global Portable Lithium Power Station Market, by Application Ambit (Revenue, USD Billion, 2018-2027)
- Off-Grid
- Emergency Power
- Automotive
Global Portable Lithium Power Station Market, by End-User Spectrum (Revenue, USD Billion, 2018-2027)
- Industrial
- Residential
- Commercial
Global Portable Lithium Power Station Market, by Regional Scope (Revenue, USD Billion, 2018-2027)
North America
- United States
- Canada
Europe
- United Kingdom
- France
- Germany
- Italy
- Spain
- ROE
Asia Pacific
- India
- Japan
- China
- Australia
- South Korea
- RoAPAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Portable Lithium Power Station Market, by Competitive Landscape (Revenue, USD Billion, 2018-2027)
- Jackery Inc.
- Goal Zero LLC
- Ego Power+
- EcoFlow Technology Ltd.
- Bluetti Inc.
- Portable Power Technology Ltd.
- Shenzhen Enyuda Technology Co. Ltd. (Aeiusny)
- AllPowers Industrial International Co. Ltd.
- Westinghouse Electric Corp.
- Aimtom Co. Ltd.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Portable Lithium Power Station Market, by Type, 2019-2027 (USD Billion)
1.2.2. Portable Lithium Power Station Market, by Capacity, 2019-2027 (USD Billion)
1.2.3. Portable Lithium Power Station Market, by Sales Channel, 2019-2027 (USD Billion)
1.2.4. Portable Lithium Power Station Market, by Application, 2019-2027 (USD Billion)
1.2.5. Portable Lithium Power Station Market, by End Use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Portable Lithium Power Station Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Portable Lithium Power Station Market Dynamics
3.1. Portable Lithium Power Station Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Rising demand from electronic industry
3.1.1.2. Growing electric automotive industry
3.1.2. Market Challenges
3.1.2.1. High cost of manufacturing and establishing lithium battery plant
3.1.3. Market Opportunities
3.1.3.1. Growing demand for constant electric supply
Chapter 4. Global Portable Lithium Power Station Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Portable Lithium Power Station Market, by Type
5.1. Market Snapshot
5.2. Global Portable Lithium Power Station Market by Type, Performance - Potential Analysis
5.3. Global Portable Lithium Power Station Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Portable Lithium Power Station Market, Sub Segment Analysis
5.4.1. Direct Power
5.4.2. Solar Power
Chapter 6. Global Portable Lithium Power Station Market, by Capacity
6.1. Market Snapshot
6.2. Global Portable Lithium Power Station Market by Capacity, Performance - Potential Analysis
6.3. Global Portable Lithium Power Station Market Estimates & Forecasts by Capacity 2018-2027 (USD Billion)
6.4. Portable Lithium Power Station Market, Sub Segment Analysis
6.4.1. Less Than 500 WH
6.4.2. 500 WH to 999 WH
6.4.3. 1,000 WH to 1,499 WH
6.4.4. 1,500 WH and Above
Chapter 7. Global Portable Lithium Power Station Market, by Sales Channel
7.1. Market Snapshot
7.2. Global Portable Lithium Power Station Market by Sales Channel, Performance - Potential Analysis
7.3. Global Portable Lithium Power Station Market Estimates & Forecasts by Sales Channel 2018-2027 (USD Billion)
7.4. Portable Lithium Power Station Market, Sub Segment Analysis
7.4.1. E-commerce
7.4.2. Brick and Mortar
Chapter 8. Global Portable Lithium Power Station Market, by Application
8.1. Market Snapshot
8.2. Global Portable Lithium Power Station Market by Application, Performance - Potential Analysis
8.3. Global Portable Lithium Power Station Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
8.4. Portable Lithium Power Station Market, Sub Segment Analysis
8.4.1. Emergency Power
8.4.2. Off-grid
8.4.3. Automotive
Chapter 9. Global Portable Lithium Power Station Market, by End Use
9.1. Market Snapshot
9.2. Global Portable Lithium Power Station Market by End Use, Performance - Potential Analysis
9.3. Global Portable Lithium Power Station Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
9.4. Portable Lithium Power Station Market, Sub Segment Analysis
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
Chapter 10. Global Portable Lithium Power Station Market, Regional Analysis
Related Report:
Lithium Ion Battery Market, Analysis Report, Regional Outlook, Competitive Market Analysis & Forecast, 2020 – 2026
The lithium ion battery market is projected to record a substantial growth rate over the coming years owing to the battery technologya??s growing adoption of consumer electronics, and electric vehicles. Additionally, the surge in demand for smart electronic devices is also likely to drive revenue growth.
A lithium ion battery is a technologically advanced battery technology that utilizes lithium ions as a main component of its electrochemistry. These batteries also utilize several different materials as electrodes. The most basic combination is that of lithium cobalt oxide and graphite, that is mostly found in portable electronic devices like laptops and cellphones.
The other cathode materials are namely lithium iron phosphate, and lithium manganese oxide, these are mainly used in electric automobiles and hybrid electric. Lithium ion batteries have several advantages as compared to other technologies. They are normally much lighter in comparison to other types of rechargeable batteries having the same size. The electrodes of a lithium ion battery are generally made up of lithium and carbon that are light in weight. Also, lithium is extremely reactive element, which means that energy can be stored in its atomic bonds, further converting into a high energy density for these lithium ion batteries. Additionally, self-discharge is less in comparison to nickel-cadmium, thus making lithium ion appropriate for current fuel gauge applications. These batteries are further capable of handling hundreds of discharge or charge cycles.
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