The Japan portable power station market and is projected to reach $225.5 million by 2030 from valued at $137.9 million in 2020, growing at a CAGR of 5.1% from 2021 to 2030. Portable power stations are used for long-term energy supply through capture, storage, and electricity supply in an immediate manner while achieving sustainability as compared to conventional power stations in locations around the globe. A portable power station is a battery-powered generator that can be used to charge various devices, such as fans, mobile phones, computers, and other electronic devices. Charging capacity, minimal maintenance, safety, and portability are the advantages of these portable power stations.
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Furthermore, they aid in the reduction of carbon dioxide (CO2) emissions. During peak shifts, portable power stations can provide additional electricity. They also support grid networks at short notice, for any period, or seasonally, if required. Traditionally, portable power stations are suitable for power outages and long-term energy supply whenever there’s an immediate or emergency need for electricity.
The main factors driving the growth of the Japan portable power station market include increase in demand for smart devices (including smartphones and smart watches), as well as the demand for uninterruptible power supplies for applications such as emergency power supplies, automobiles and off-grid power supplies. However, the longer charging time and high cost of portable power stations restrain the Japan portable power station market growth.
Increased use of smart grid services, aging electricity grid infrastructure, and increased use of power in remote places are all key drivers of the global market. In remote places, developing countries must provide reliable access to power. Traditional centralized networks are incapable of providing cost-effective basic electricity to neglected areas in a timely manner. The potential for remote and dispersed power systems to supply electricity around the world is expected to increase the portable power station market in developing countries around the world during the forecast period.
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The global electronics industry consists of organizations involved in the assembly, manufacturing, design, and development of electronic components and equipment. The electronics industry is one of the innovative and fast-evolving industries. The competition is fierce, and companies are always looking to bring the latest technologies to the market first.
The world is moving toward the adoption of lithium-ion technology for batteries due to the availability of lithium at an attainable and affordable price. Major manufacturers of portable power station technology see the future of batteries in lithium as the cost of lithium-ion has decreased every year and is closing the gap in price per watt compared to lead-acid. According to the IEA, research is being carried out on solid-state batteries and lithium-ion technologies, such as lithium-air and lithium-sulfur batteries, for better operational capabilities and downsizing of batteries. These solid-state lithium-ion batteries use solid electrolytes, which will accommodate better durability, high energy density, and faster charging. All these advantages of lithium-ion compel manufacturers to choose this technology for portable power stations
The Japan portable power station market is segmented into capacity, application and sales channel. By capacity, the 501-1,000 Wh segment is expected to hold the largest market share during the forecast period. By application, the portable power station market is divided into emergency power, off-grid power and automotive. By sales channel, the portable power station market is divided into online and offline. The off-grid power segment is estimated to grow at the fastest rate during the forecast period due to the increase in use of smartphones and surge in camping and other recreational activities.
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The major companies profiled in this portable power station industry in Japan report include Anker Technology, Bluetti, Ecoflow, Jackery Inc., Lion Energy, Suaoki, Chilwee Group Co., Ltd., Ges Group Limited Company, Mitsubishi corporation and Alpha ESS Co., Ltd.. The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.
Key findings of the study
- By application, the emergency power segment accounted for the largest market share in 2020.
- By capacity, the 501-1,000 Wh segment garnered the largest market share in 2020.
- By sales channel, the offline segment garnered the largest market share in 2020.