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Portable Power Station Market Size Worth $295.91 Mn, Globally, by 2028 at 4.9% CAGR – Exclusive Report by The Insight Partners

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The Insight Partners published latest research study on “Portable Power Station Market Forecast to 2028 – COVID-19 Impact and Global 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)”. The portable power station market growth is driven by the rising awareness for the adoption of portable power stations during power outrages across rural and urban locations worldwide and growing popularity of outdoor and camping activities.

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Report Coverage

Details

Market Size Value in

US$ 211.03 million in 2021

Market Size Value by

US$ 295.91 million by 2028

Growth rate

CAGR of 4.9% from 2021 to 2028.

Forecast Period

2021- 2028

Base Year

2021

No. of Pages

168

No. Tables

110

No. of Charts & Figures

89

Historical data available

Yes

Segments covered

Type, Capacity, Application and Battery Type

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Portable Power Station Market: Competitive Landscape and Key Developments

Midland Radio Corporation; ALLPOWERS Industrial International Co., Ltd.; ChargeTech; EcoFlow; Drow Enterprise Co., Ltd.; Duracell Inc.; Goal Zero; Jackery Inc.; SHENZHEN CHAFON TECHNOLOGY CO., LTD; Lion Energy LLC; and Hyundai Power Products are among the key players profiled during this market study. In addition, several other essential portable power station market players were studied and analyzed to get a holistic view of the market and its ecosystem.

In 2021, EcoFlow was recognized by TIME for its pioneering product development with the EcoFlow DELTA Pro portable home battery named in the prestigious media’s 100 Best Inventions of 2021.

In 2021, The Chargetech PLUG Pro is a kind of portable power supply that can power any small gadget or appliance. The product features 2x International AC Outlets, 2x Fast Charge USB Ports, and 1x USB Type-C Port.

The global portable power station market is segmented into five regions—North America, Asia PacificEurope, the Middle East and Africa, and South America. The market growth is driven by the rising usage of smart grid services, ageing infrastructure of electricity grid, and the increasing use of power in remote locations. Developing countries ensure that power is available in remote areas. Traditional centralized networks are unable to provide basic electricity to underserved areas in a timely and cost-effective manner. During the forecast period, the portable power station market in developing nations is predicted to grow due to the possibility for remote and scattered power systems to supply electricity around the world.

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Due to high electricity consumption, stringent federal policy directives and regulations concerning greenhouse gas emissions, rising energy costs, and increasing awareness about the benefits of portable power stations in the region, North America is expected to hold a significant share of the global portable power station market from 2020 to 2030. Recreational and camping activities, such as fishing and hiking, are becoming popular, particularly in North America. There is a demand for various technological equipment, such as laptops, cellphones, rechargeable trekking head lights, camping lamps, fridges, and cooler backpacks, as the urge to be connected grows and millennials choose for camping. All of these technologies require power to function, which expands the potential for portable power stations. Due to the rising number of consumer electronics manufacturers and the rising demand for alternate backup power solutions in Europe, the portable power station market is likely to grow rapidly during the forecast period in the European Market.

Asia Pacific is predicted to dominate the global portable power station market between 2020 and 2030 due to increased investments and improvements in the renewable energy sector in the region, particularly in China and India. According to a UN Environment Program report on overall renewable energy investments in 2020, China leads the world in renewable energy investment (US$ 91.2 billion). Investments in the country are expected to rise during the forecast period, with a greater number of planned renewable energy projects.

In 2020, Asia Pacific had a wide range of experiences in the power sector, particularly in light of the COVID-19 pandemic’s impact. The effects of cost-cutting on power demand were first noticed in China, where electricity demand fell sharply in the first three months of 2020. Other countries, such as IndiaJapan, and Australia, saw significant declines in electricity demand in April and May when the demand in China had already begun resurging. Coal dominates the power generation processes across Asia Pacific. However, renewables are gaining importance as governments of ChinaJapan, and Korea focus on pursuing their clean energy goals and adopting ambitious net-zero carbon targets for 2050–60. Compared to 2019, gas-fired generation also decreased, while renewables maintained or grew their proportion. The region’s strong focus on renewable energy will aid in the expansion of the portable power station market.

China and India are the most prominent manufacturing hubs in the region and have an enhanced focus on industrialization. Despite the ill effects of the social restrictions enacted during the COVID-19 pandemic, the industrial sector recovered in the second half of 2020 by enhancing the production capabilities. The demand for advanced electronics such as smartwatches, smart wearables, and healthcare machines has risen significantly during 2020–2021. Further, raw material shipments and manufacturing activities resumed in 2021, with relaxations in lockdown restrictions and acceleration of vaccination process in various countries in Asia Pacific. These conditions will boost the growth of the portable power stations market in the region in the coming years.

Portable Power Station Market: Type Overview

Based on type, the portable power station market is bifurcated into direct power and solar power. The direct power segment is estimated to dominate the market during the forecast period. However, the market for the solar power segment is expected to grow at a faster rate in the coming years due to the growing awareness regarding renewable energy.

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The direct power segment refers to the direct charging of portable power stations. Electric power stations, also known as battery portable power stations, function as large battery. The user can plug the portable power station into the respective wall outlet and get it charged quickly. Some portable power stations can also get charged in a car power outlet, provided that the correct adapter is used, but such charging usually takes longer time than it takes for charging through a standard outlet. The user should not plug a portable power station directly into the residential electrical system without installing a transfer switch from the technician. These power stations can also supply power to home appliances, TVs, electronic gadgets, and radios. The portable power stations with direct charging capability are not preferred for off-grid or remote locations, mountain trekking, forest trips, and naval operations across maritime borders. The portable power stations charging with direct power offer more constant reliable power than the portable power stations charging with solar power.

Artificial Intelligence

EZVIZ unveils its groundbreaking H9c Dual-lens Smart Pan-and-tilt Camera series: a new paradigm for automated, all-round outdoor protection

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By combining a pan-and-tilt panoramic lens and a fixed 180-degree wide-angle lens, one H9c Dual smartly secures large areas with performance better than that of two ordinary ones.
HOOFDDORP, Netherlands, May 6, 2024 /PRNewswire/ — EZVIZ, a leading global player in innovative smart home security, proudly introduces the H9c Dual series, its latest dual-lens outdoor pan-and-tilt cameras that redefine smart protection for homes and small businesses. With options in 2K and 3K resolutions, their groundbreaking design combines a sharp bullet camera and a flexible PT camera, addressing complex security needs effectively. The interlinked dual lenses work collaboratively to safeguard wide property areas, detect and track activities, and offer auto-patrol options for hands-free security.

“The H9c Dual challenges traditional outdoor cameras with unrivaled vision, unmatched automation, and high versatility for basically any scenario,” said Candice Tu, the lead product manager, “EZVIZ leads the way in the development and application of advanced dual-lens technology. This underlines our dedication to bringing cutting-edge technology within reach for practical, everyday situations.”
At the core of the H9c Dual is its groundbreaking dual-lens technology, highlighted by EZVIZ’s distinctive co-action function. The two lenses can work independently at two static viewing angles or act together as a team. When the fixed lens detects motions, the pan-and-tilt lens automatically rotates to track the same activity. This co-action function can also be manually controlled through the EZVIZ App.
The series addresses unnoticed blind spots by offering a 180-degree comprehensive view in a single frame, supplemented by the bottom PT lens for intricate close-ups. Both lenses, with high resolutions of 2K/3K, use built-in AI chips to detect people and vehicles in customizable zones, ensuring users are informed of crucial activities. Users can set up to four patrol spots for the PT lens to complete automatic rotations on a schedule.
Equipped with powerful LEDs, the H9c Dual provides color night vision up to 40 meters and warns potential trespassers with a loud siren and dazzling flashlight upon detection. Offering superior protection compared to a traditional two-camera system, the H9c is a breeze to set up thanks to its adaptable mounting design. Users can manage and control their H9c through the user-friendly EZVIZ App, and enjoy seamless integration with prevailing voice assistants and the larger EZVIZ ecosystem.
Learn more at www.ezviz.com.
Photo – https://mma.prnewswire.com/media/2404810/EZVIZ_H9c_Dual_Lens_Pan_Tilt_Wi_Fi_Camera.jpg

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Red light therapy for repairing spinal cord injury passes milestone

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BIRMINGHAM, England, May 6, 2024 /PRNewswire/ — Patients with spinal cord injury (SCI) could benefit from future treatment to repair nerve connections using red and near-infrared light.

The method, invented by University of Birmingham scientists and patented by University of Birmingham Enterprise, delivers light directly to the site of the injury. 
Their latest research, published in Bioengineering and Translational Medicine, determined an optimal ‘dose’ for this novel approach, and showed it can deliver therapeutic improvements including significant restoration of sensation and movement, and regeneration of damaged nerve cells. 
Researchers led by Professor Zubair Ahmed used cell models of SCI to determine the frequency and duration of light required to achieve maximum restoration of function and stimulate nerve cell regrowth. 
They found delivery at a wavelength of 660nm for one minute a day increased cell viability (the number of live cells) by 45% over five days’ treatment. 
Professor Ahmed said: “The effect of 660nm light was both neuroprotective, meaning it improved survival of nerve cells, and neuroregenerative, meaning it stimulated nerve cell growth.” 
The researchers also investigated the effect of light therapy in preclinical models of SCI, using an implantable device and transcutaneous delivery with the light source placed against the skin. They showed comparable results for both methods, with a one-minute dose of 660nm light, delivered daily for seven days resulting in reduced tissue scarring, increased levels of proteins associated with nerve cell regeneration, improvements in the connections between cells and significant functional recovery. 
This is the first time transcutaneous and direct light delivery have been compared in SCI. Professor Ahmed said: “To make light therapy viable for treating SCI in humans an implantable device will be required, to provide line of sight to damaged tissue and the opportunity for greater accuracy and standardise dosing without impedance due to the thickness of the skin and other tissues surrounding the spinal cord.”
The researchers are planning to develop an implantable device for use in humans with traumatic SCI. They have already received further funding and are seeking commercial partners or investors to develop a prototype device to take into first-in-man clinical trials.
Full release here. 
University of Birmingham Enterprise helps researchers turn ideas into products and services that meet real-world needs. Follow us on LinkedIn and X.
Photo: https://mma.prnewswire.com/media/2404909/University_of_Birmingham_Enterprise.jpg
Media enquiries: Ruth Ashton
Commercial enquiries: Veemal Bhowruth

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TerraPay Continues to Attract Top Industry Talent, Names Hassan Chatila as Vice President and Global Head of Network

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LONDON, May 6, 2024 /PRNewswire/ — TerraPay, a leading global money movement company, is excited to announce the appointment of Hassan Chatila as Vice President – Global Head of Network.

This key addition to TerraPay’s global network leadership also marks a critical step in the company’s ongoing strategy to simplify and streamline global money movement for businesses and individuals alike, underscoring its commitment to enhancing its network capabilities.
With over 20 years of experience in the cross-border payments, Hassan brings with him a rich legacy of leadership and innovation. Before joining TerraPay, he served as the Global Head of Western Union’s Account Payout Network, where he played a pivotal role in expanding and optimizing the network to support seamless global transactions. His impressive career portfolio also includes key leadership roles at Earthport and Temenos, where he led significant payments transformation initiatives and drove substantial growth.
In this new role at TerraPay, Hassan will lead the expansion and optimization of TerraPay’s global payout network. He will work closely with internal and external stakeholders to enhance the network’s capabilities, ensuring that TerraPay continues to offer its partners transparent and efficient payment solutions.
Welcoming Hassan to the team, TerraPay Founder and CEO, Ambar Sur, said, “It gives me great pleasure to welcome Hassan on board. As an industry expert, he comes with a highly reputable cross-border payment expertise and deep leadership experience. On TerraPay’s journey of growth, Hassan’s appointment is a critical step in furthering our network expansion goals. I look forward to working together and further deepen TerraPay’s position as a global money movement leader.”
Hassan Chatila, VP – Global Head of Network, TerraPay, commented on his new role, saying, “I am thrilled to join TerraPay at this pivotal time. Over the years, TerraPay has built an expansive global money movement network driven by the mission to build a borderless world of payments. I look forward to leveraging my experience to further develop our network capabilities, create new opportunities across markets and help TerraPay achieve its ambitious goals.”
For media inquiries, please contact [email protected]
About TerraPay
TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg
 

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