Views: 200 Author: Ubest Publish Time: 2023-08-14 Origin: Site
With a compound annual growth rate of 6.7%, it is anticipated that the global market for portable power stations will increase from USD 358 million in 2021 to USD 494 million in 2026. This growth is attributed to the rise in smart electronic device usage as well as the demand for uninterruptible power sources for things like emergency power sources, off-grid power sources, and also automobiles.
Organizations involved in the assembly, production, design, and development of electronic components and devices make up the global electronic devices sector. One of the creative and quickly expanding markets is the electronics sector. Since there is fierce competition, the company constantly strives to be the first to market with cutting-edge technology. Customer products, industrial products, government items, and digital parts are the four main segments of the electronic device manufacturing market.
However, consumer products like alarms, home communication systems, electronic stoves, desktop computers, game consoles, radios, smart devices, DVD players, mobile phones, and TVs have recently come into focus. Consumer electronics products have significant growth potential due to increased investment in applications like smart homes, smart cars, and smart cities. These applications require users to maintain a connection to any kind of platform, and they depend on the most cutting-edge smart devices to keep them connected. This is anticipated to increase demand for mobile power units. Related product:1000W 1280Wh Portable Power Station.
High-efficiency photovoltaic panels, pulse-width modulation (PWM) cost controllers, inverters, lithium-ion NMC (nickel, manganese, and cobalt), as well as sealed lead acid, which contains silicon dioxide, are components of portable power stations. The size of batteries and solar panels has also increased due to the increase in capacity requirements, raising the cost of portable power stations. As an illustration, major companies like Goal Zero and Jackery sell solar panels as various accessories, which further raises the price of battery-powered portable power plants.
Or, the price of gas or nonrenewable fuel source generators is comparatively lower due to the wide range of fuels, including diesel, gas, and gas, in addition to lower gas prices. Fuel prices have decreased as a result of falling international oil and gas prices. Additionally, some mobile generators that run on non-renewable fuel sources can mix different gases to use more than one. Because they are accessible and simple to use, natural gas, diesel generators that run on fossil fuels, or small engines are typically more popular than battery-operated portable power plants. Mobile generators are more affordable because they have a less complex structure and more mature technology than battery-powered mobile power stations.
Recreational and camping activities (like walking and fishing) are generally on the rise in the United States and Canada. The number of campers has increased by 72% since 2014, and the 2019 North American Camping Record estimates that there are 7 million brand-new camping households in the USA. Campers from Generation X (38%) and millennials (32%) have begun to identify as campers and frequently go camping. The Australian Tourist Research Centre estimates that the entire tourism sector, which includes both domestic and international travel, reached US$ 152 billion in 2019. In Australia, 24% of travelers prefer hotels, motels, and resorts, while 14% prefer RVs and camping. According to Eurostat, the United Kingdom, France, Germany, Italy, and the Netherlands account for two-thirds of all camping sites in Europe. At campsites in the EU, campers spent 397 million evenings in total in 2017.
Millennials choose to camp and as a result need a variety of digital devices like laptops, smartphones, rechargeable trekking flashlights, camping lights, fridges, and cooled knapsacks as the demand to stay connected continues to grow. All of these gadgets require electricity to continue functioning, which expands the possibilities for using portable power plants.
Like portable diesel generators, mobile power plants do not have a wide range of running capacities. Campgrounds and mobile homes (Motor homes), whether they are campers, pop-up campers, Motor homes, or campers, can be powered by mobile generators. Electrical devices like water heaters, satellite TVs, Internet routers, refrigerators, phones, and notebook computers require reliable power supplies. Microwave ovens, electrical pots, fans, and toaster ovens can all be powered by portable generators, whereas mobile power plants cannot be used in the same situation. Additionally, they provide tents and outdoor camping sites with electricity.
All of these tools can be safely powered by the portable power generation equipment found in recreational vehicles. While mobile power stations can only power tiny digital devices, diesel- and gasoline-powered mobile generators can run heavy equipment like heaters and ac systems. While portable power stations need to be set up ahead of time, whether using wall surface charging (a/c power) or solar power, many generators use gas, which is conveniently available at gas pumps. People might think about using portable generators rather than mobile power plants when outdoor camping because there might not be any electrical outlets during outdoor activities and solar charging will take a lot of time.
The off-grid component is anticipated to experience the fastest rate of market expansion in the portable power plant market throughout the forecast period, by application.
The market for portable power stations is segmented into three categories based on application: emergency power supplies, off-grid power sources, and also automobiles. The off-grid power sector is anticipated to expand at the fastest rate during the projection period. The off-grid mobile power station market is being driven by the need to power modern electronic devices like laptops and mobile phones. The growth of outdoor recreational activities like camping and using smart digital devices in North America, Europe, and the Asia-Pacific region are other factors driving this market's expansion.
The United States and Canada are expected to occupy the largest market dimension during the projection period.
The market is divided geographically into North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The largest market for mobile power plants is in North America, primarily the USA, and this trend is anticipated to continue throughout the forecast period. The market in this area is being driven by the rising popularity of outdoor recreation activities like camping and also the use of smart electronic devices, as well as the ensuing connectivity needs that result in the need for electricity.