Portable energy storage power supply market research analysis and real case studies
From 2017 to 2023, the global shipments and market size of portable energy storage power supplies have increased year by year. Despite starting late and having a short development time, they have shown remarkable performance due to their wide application and rapid development. It is estimated that by 2026, the market size of this industry will expand to $26 billion. With the rise of outdoor activities, this directly promotes the growth of the market, and portable energy storage power supplies also play an important role in post-disaster emergency power supply.
【More Environmentally Friendly, Safer, More Convenient】 Portable energy storage power supplies refer to small-scale storage devices equipped with lithium-ion batteries. Such power sources have the characteristics of large capacity, strong power, environmental protection, safety, and portability. They are not only widely used in outdoor occasions but also effectively meet the demand for energy substitution, energy conservation, emission reduction, and green environmental protection. Portable energy storage power supplies usually have a capacity of 0.2-2kWh and a larger output power of 100-2200W, equipped with various interfaces such as AC, DC, Type-C, USB, PD, etc., which can be compatible with mainstream electronic devices on the market. When combined with solar panels, rapid charging can be achieved. Therefore, they are widely used in outdoor travel and emergency disaster relief scenarios. The popularization of outdoor sports and emergency markets is the core driving force behind the rapid development of portable energy storage, with outdoor scenes accounting for 43.6% of shipments, emergency scenes accounting for 41.5%, and other scenes accounting for 14.9%.
Against the backdrop of the outdoor sports boom and the demand for emergency disaster preparedness brought about by the pandemic, the global market for portable energy storage power supplies grew rapidly from $380 million in 2019 to $5.9 billion in 2022.
【Continued Growth in the Global Market】 Looking ahead to 2024, with the expected rate cuts by the Federal Reserve, stabilization of lithium battery raw material prices, and gradual depletion of inventory in the European region, global shipments of portable energy storage power supplies are expected to continue expanding. In the future, fueled by the sustained demand release from the outdoor sports and emergency backup power application scenarios, it is projected that the global market will maintain a growth trend, with the growth rate stabilizing, and the market size expected to exceed $25 billion by 2026.
In the trend of low-carbon development, portable energy storage power supplies are expected to rapidly replace traditional diesel generators. With advantages such as lightweight and low maintenance costs, environmentally friendly lithium battery portable energy storage products are poised to become mainstream. In addition, regions represented by California in the United States, driven by low-carbon clean goals, have stipulated that from January 1, 2024, the sale of fuel-driven equipment, including lawn equipment, generators, and pressure washers, will be banned.
This policy is expected to drive the replacement of portable energy storage power supplies for diesel generators. According to the China Chemical and Physical Power Industry Association's forecast, the replacement ratio is expected to rise to 18.6% by 2026.
In 2022, in the global market for portable energy storage power supplies, North America accounted for the largest revenue share by region, with a proportion of 42%. Following that is Europe, with a share of 29%, while Asia held a 21% share. Meanwhile, the market size for portable energy storage power supplies in the United States reached $1.23 billion. It is projected to increase to $1.78 billion by 2032, with a compound annual growth rate expected to be 3.80% from 2023 to 2032.
Portable energy storage power supplies have been widely reported by the media due to their relevance to various fields:
1. Emergency Power During Natural Disasters: News articles often emphasize the importance of portable energy storage power supplies during natural disasters such as hurricanes, earthquakes, and floods. These devices can provide crucial power for communication devices, medical equipment, and lighting when traditional power sources are disrupted.
2. Innovations in Renewable Energy: Media reports frequently cover advancements in portable energy storage technology, especially in conjunction with renewable energy sources like solar and wind. These innovations aim to make renewable energy more accessible and reliable, contributing to the transition towards clean energy solutions.
3. Applications in Remote Areas: In remote areas where access to the electricity grid is limited or nonexistent, portable energy storage power supplies are crucial. News reports may introduce initiatives or projects utilizing these devices to provide power to off-grid communities, improving living standards and economic opportunities.
4. Portable Power for Outdoor Activities: Media reports often discuss how portable energy storage power supplies enhance outdoor recreational activities such as camping, hiking, and RV travel. Users rely on these devices to charge smartphones, cameras, portable refrigerators, and other electronic gadgets while off the grid.
5. Business and Industrial Applications: Media coverage may highlight the use of portable energy storage power supplies in various industries, including construction, telecommunications, and events management. These devices serve as backup power solutions for temporary sites, remote operations, and emergency situations.