Portable Power Station Market Size, Share Growth by 2028
The portable power station market is expected to grow from US$ 211.03 million in 2021 to US$ 295.91 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021–2028.
Portable power stations are small-size battery-powered generators. The stations comprise different ports, jacks, and outlets to charge electronic devices, such as power tools, smartphones, tablets, and computer systems. These are also useful backup power sources during a power outage to keep the phones charged and other essential appliances running. The best portable power station for particular needs depends on many factors. However, it comes down to two cardinal factors—power delivery performance and power station price.
The power delivery performance and product price are where portable power station plays a significant role. The portable power stations are known as battery-powered inverter generators. The safe operations and easy installation of portable power stations for residential applications have boosted its adoption worldwide. Moreover, the rising awareness for the adoption of portable power stations during power outrages across rural and urban locations worldwide drives the market growth.
The portable power stations have no fumes and operate with less noise during usage. These systems require hours of charging (typically overnight) to provide complete battery and maximum runtime. Moreover, several factors such as the increasing number of power outages, rising purchasing power of customers across emerging countries, growing adoption of portable charging modules, and the burgeoning adoption of consumer electronics worldwide support the growth of the global portable power station market
The portable power station market is segmented based on type, capacity, application, battery type, and geography. Based on type, the market is bifurcated into direct power and solar power. By capacity, the market is segmented into below 500 Wh, 500–1500 Wh, and above 1500 Wh. Based on application, the portable power station market is segmented into emergency power, off-grid power, and others. By battery type, the market is bifurcated into sealed lead acid battery and lithium-ion battery. Based on geography, the portable power station market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.
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; and Hyundai Power Products are among the key players profiled during this market study. In addition, several other significant players are analyzed and studied during this market research study to get a holistic view of the global portable power station market and its ecosystem.
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Portable Power Station Market: Strategic Insights
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
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Portable Power Station Market: Strategic Insights
| 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 |
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Impact of COVID-19 Pandemic on Portable Power Station Market
The COVID-19 pandemic has created enormous disruption across various industries, such as electronics and semiconductors. Every phase of the business model, including the research and development, manufacturing units, capital expenditures, production decisions, demand, supply chain, and mergers and acquisitions (M&A), has been experiencing drastic change. In the past several months, the COVID-19 outbreak had severely challenged the electronics and manufacturers in strategy making for production. The disruption among the raw material suppliers, limited funding, temporary closure of manufacturing units, and weak demand from the clients have showcased adverse impacts on the electronics and semiconductor manufacturers.
According to Electronic Components Industry Association (ECIA), the emergence of the COVID-19 outbreak has led to a delay in product releases, disruption in supply chain events, and other industry activities. Various manufacturers halted the manufacturing units temporarily due to lesser demand for the portable power stations due to lockdown measures and limited manufacturing resources. The manufacturers of numerous electronic and semiconductor products, such as portable power stations, have been witnessing considerable delays in lead times, which has weakened the supply chain. All this harmed the portable power station market.
Portable Power Station Market Insights
Increasing Use of Portable Power Stations During Power Outages Drives Market Growth
Power outages have severe economic and social consequences on communities worldwide, particularly in developing countries. The modern lifestyle of people and the rising usage of consumer devices are the critical reasons for the growing dependence on power. The reliance on electricity limits the societal tolerances for power outages, highlighting the need to improve power grid resilience against natural disasters. Although outages are low-probability events, even one extreme event can be disastrous for infrastructure systems. Storms and intense weather conditions such as high gusts, searing heat, or freezing rain are the most common causes of power outages. Further, some outages, such as rolling blackouts and brownouts, also occur when there isn't enough power to run the electrical system. Power outages are likely to occur in locations that lack the necessary utility infrastructure to serve a densely populated area. The US reported 1.33 billion hours of power outages in 2020, up by 73% from that experienced in 2019. Although the number of people affected by outages varies every year, it increases steadily. In 2020, despite the longer blackout hours, total outages accounted for less than 1% of total customer hours. Thus, to avoid the losses due to power outages, the demand for portable power stations increases with time.
Type-Based Market Insights
Based on type, the portable power station market is bifurcated into direct power and solar power. In 2020, the direct power segment accounted for a larger market share.
Application-Based Market Insights
Based on application, the portable power station market is segmented into emergency power, off-grid power, and others. In 2020, the emergency power segment accounted for the largest share in the market.
Portable Power Station Market Report Scope
The players operating in the portable power station market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In November 2021, with the EcoFlow DELTA Pro portable home battery named in the prestigious media’s 100 Best Inventions of 2021, EcoFlow has been recognized by TIME for its pioneering product development
- In January 2022, EcoFlow, a portable power and renewable energy solutions company, launched the DELTA Pro portable home battery in Europe. Being a Kickstarter campaign, the DELTA Pro smashed various records to become one of the most-funded tech projects.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Capacity, Application and Battery Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ital, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America is one of the technologically advanced regions, with the presence of major economies such as the US, Canada, and Mexico. Thus, a surge in camping activities in North America, including trekking, fishing, and climbing, is boosting the adoption of portable power stations. Furthermore, the cost of rechargeable lithium-ion batteries is expected to drop in the coming years, thereby encouraging the adoption of these products.
Smart electronic devices use wireless protocols such as Bluetooth, Zigbee, NFC, Wi-Fi, LiFi, and 5G to communicate with other devices or networks. Smart home gadgets are interconnected and can be operated from a single central device, such as a smartphone, tablet, desktop computer, or gaming console. The expansion of the smart home business is ascribed to an increase in the number of internet users, higher acceptance for smart gadgets, rising disposable incomes in developed economies, and growing concerns about saving energy and reducing carbon emissions.
A portable power station is a significant power system that is necessary for the charging of crucial devices such as radios, medical equipment, smartphones, and appliances during emergencies and power outages. Such portable power stations are also useful for van life. Most of the portable power stations are available in both standard, USB ports and AC outlets for powering many types of devices at the same time.
The direct type segment refers to the direct charging of portable power stations. Electric power stations that are also known as battery portable power stations, function as large battery. The user can just 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.
Power outages have serious economic and social consequences on communities worldwide, particularly in developing countries. The modern lifestyle of people and the rising usage of consumer devices are the key reasons for the growing dependence on power. The reliance on electricity limits society's tolerance for power outages, highlighting the need to improve power grid resilience against natural disasters.
Changing lifestyles and attitudes, demographics, rising recreational spending, and physical and emotional benefits encourage consumers to participate in outdoor recreational activities. Outdoor recreational activities can also aid in the maintenance of a healthy work-life balance. A surge in people’s participation in outdoor recreational activities, particularly in Europe, North America, and Australia and New Zealand, is offering significant potential for the growth of the portable power station market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Portable Power Station Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Portable Power Station Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Portable Power Stations During Power Outages
5.1.2 Elevating Use of Smart Grid Services and Energy in Remote Areas, and Aging Electricity Grid Infrastructure
5.2 Market Restraints
5.2.1 Limited Operational Capabilities of Portable Power Stations Compared to Portable Fossil Fuel Generators
5.3 Market Opportunities
5.3.1 Growing Popularity of Outdoor and Camping Activities
5.4 Future Trends
5.4.1 Rising Use of Smart Electronic Devices
5.5 Impact Analysis of Drivers and Restraints
6. Portable Power Station– Global Market Analysis
6.1 Overview
6.2 Global Portable Power Station Market Forecast And Analysis
6.3 Market Positioning Of Key Players
7. Portable Power Station Market Analysis by Type
7.1 Overview
7.2 Portable Power Station Market Breakdown, by Type, 2020 and 2028
7.3 Direct
7.3.1 Overview
7.3.2 Direct: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
7.4 Solar Power
7.4.1 Overview
7.4.2 Solar Power: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
8. Portable Power Station Market Analysis by Capacity
8.1 Overview
8.2 Portable Power Station Market, by Capacity (2020 and 2028)
8.3 Below 500 Wh
8.3.1 Overview
8.3.2 Below 500 Wh: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
8.4-1500 Wh
8.4.1 Overview
8.4.2-1500 Wh: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Above 1500 Wh
8.5.1 Overview
8.5.2 Above 1500 Wh: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
9. Portable Power Station Market Analysis by Application
9.1 Overview
9.2 Portable Power Station Market, by Application (2020 and 2028)
9.3 Emergency Power
9.3.1 Overview
9.3.2 Emergency Power: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Off-Grid Power
9.4.1 Overview
9.4.2 Off-Grid Power: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
10. Portable Power Station Market Analysis by Battery Type
10.1 Overview
10.2 Portable Power Station Market Breakdown, by Battery Type, 2020 and 2028
10.3 Sealed Lead Acid battery
10.3.1 Overview
10.3.2 Sealed Lead Acid battery: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
10.4 Lithium Ion Battery
10.4.1 Overview
10.4.2 Lithium Ion Battery: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
11. Portable Power Station Market – Geographic Analysis
11.1 Overview
11.2 North America: Portable Power Station Market
11.2.1 North America: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Portable Power Station Market, by Type
11.2.3 North America: Portable Power Station Market, by Capacity
11.2.4 North America: Portable Power Station Market, by Application
11.2.5 North America: Portable Power Station Market, by Battery Type
11.2.6 North America: Portable Power Station Market, by Key Country
11.2.6.1 US: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Portable Power Station Market, by Type
11.2.6.1.2 US: Portable Power Station Market, by Capacity
11.2.6.1.3 US: Portable Power Station Market, by Application
11.2.6.1.4 US: Portable Power Station Market, by Battery Type
11.2.6.2 Canada: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Portable Power Station Market, by Type
11.2.6.2.2 Canada: Portable Power Station Market, by Capacity
11.2.6.2.3 Canada: Portable Power Station Market, by Application
11.2.6.2.4 Canada: Portable Power Station Market, by Battery Type
11.2.6.3 Mexico: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Portable Power Station Market, by Type
11.2.6.3.2 Mexico: Portable Power Station Market, by Capacity
11.2.6.3.3 Mexico: Portable Power Station Market, by Application
11.2.6.3.4 Mexico: Portable Power Station Market, by Battery Type
11.3 Europe: Portable Power Station Market
11.3.1 Europe: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Portable Power Station Market, By Type
11.3.3 Europe: Portable Power Station Market, By Capacity
11.3.4 Europe: Portable Power Station Market, By Application
11.3.5 Europe: Portable Power Station Market, By Battery Type
11.3.6 Europe: Portable Power Station Market, By Country
11.3.6.1 Germany: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Germany: Portable Power Station Market, by Type
11.3.6.1.2 Germany: Portable Power Station Market, by Capacity
11.3.6.1.3 Germany: Portable Power Station Market, by Application
11.3.6.1.4 Germany: Portable Power Station Market, by Battery Type
11.3.6.2 France: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 France: Portable Power Station Market, by Type
11.3.6.2.2 France: Portable Power Station Market, by Capacity
11.3.6.2.3 France: Portable Power Station Market, by Application
11.3.6.2.4 France: Portable Power Station Market, by Battery Type
11.3.6.3 Italy: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Portable Power Station Market, by Type
11.3.6.3.2 Italy: Portable Power Station Market, by Capacity
11.3.6.3.3 Italy: Portable Power Station Market, by Application
11.3.6.3.4 Italy: Portable Power Station Market, by Battery Type
11.3.6.4 Russia: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 Russia: Portable Power Station Market, by Type
11.3.6.4.2 Russia: Portable Power Station Market, by Capacity
11.3.6.4.3 Russia: Portable Power Station Market, by Application
11.3.6.4.4 Russia: Portable Power Station Market, by Battery Type
11.3.6.5 UK: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 UK: Portable Power Station Market, by Type
11.3.6.5.2 UK: Portable Power Station Market, by Capacity
11.3.6.5.3 UK: Portable Power Station Market, by Application
11.3.6.5.4 UK: Portable Power Station Market, by Battery Type
11.3.6.6 Rest of Europe: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Portable Power Station Market, by Type
11.3.6.6.2 Rest of Europe: Portable Power Station Market, by Capacity
11.3.6.6.3 Rest of Europe: Portable Power Station Market, by Application
11.3.6.6.4 Rest of Europe: Portable Power Station Market, by Battery Type
11.4 APAC: Portable Power Station Market
11.4.1 APAC: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Portable Power Station Market, By Type
11.4.3 APAC: Portable Power Station Market, By Capacity
11.4.4 APAC: Portable Power Station Market, By Application
11.4.5 APAC: Portable Power Station Market, By Battery Type
11.4.6 APAC: Portable Power Station Market, By Country
11.4.6.1 Australia: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Portable Power Station Market, by Type
11.4.6.1.2 Australia: Portable Power Station Market, by Capacity
11.4.6.1.3 Australia: Portable Power Station Market, by Application
11.4.6.1.4 Australia: Portable Power Station Market, by Battery Type
11.4.6.2 China: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Portable Power Station Market, by Type
11.4.6.2.2 China: Portable Power Station Market, by Capacity
11.4.6.2.3 China: Portable Power Station Market, by Application
11.4.6.2.4 China: Portable Power Station Market, by Battery Type
11.4.6.3 India: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Portable Power Station Market, by Type
11.4.6.3.2 India: Portable Power Station Market, by Capacity
11.4.6.3.3 India: Portable Power Station Market, by Application
11.4.6.3.4 India: Portable Power Station Market, by Battery Type
11.4.6.4 Japan: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Portable Power Station Market, by Type
11.4.6.4.2 Japan: Portable Power Station Market, by Capacity
11.4.6.4.3 Japan: Portable Power Station Market, by Application
11.4.6.4.4 Japan: Portable Power Station Market, by Battery Type
11.4.6.5 South Korea: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Portable Power Station Market, by Type
11.4.6.5.2 South Korea: Portable Power Station Market, by Capacity
11.4.6.5.3 South Korea: Portable Power Station Market, by Application
11.4.6.5.4 South Korea: Portable Power Station Market, by Battery Type
11.4.6.6 Rest of APAC: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Portable Power Station Market, by Type
11.4.6.6.2 Rest of APAC: Portable Power Station Market, by Capacity
11.4.6.6.3 Rest of APAC: Portable Power Station Market, by Application
11.4.6.6.4 Rest of APAC: Portable Power Station Market, by Battery Type
11.5 MEA: Portable Power Station Market
11.5.1 MEA: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Portable Power Station Market, by Type
11.5.3 MEA: Portable Power Station Market, by Capacity
11.5.4 MEA: Portable Power Station Market, by Application
11.5.5 MEA: Portable Power Station Market, by Battery Type
11.5.6 MEA: Portable Power Station Market, by Key Country
11.5.6.1 South Africa: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Portable Power Station Market, by Type
11.5.6.1.2 South Africa: Portable Power Station Market, by Capacity
11.5.6.1.3 South Africa: Portable Power Station Market, by Application
11.5.6.1.4 South Africa: Portable Power Station Market, by Battery Type
11.5.6.2 Saudi Arabia: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Portable Power Station Market, by Type
11.5.6.2.2 Saudi Arabia: Portable Power Station Market, by Capacity
11.5.6.2.3 Saudi Arabia: Portable Power Station Market, by Application
11.5.6.2.4 Saudi Arabia: Portable Power Station Market, by Battery Type
11.5.6.3 UAE: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Portable Power Station Market, by Type
11.5.6.3.2 UAE: Portable Power Station Market, by Capacity
11.5.6.3.3 UAE: Portable Power Station Market, by Application
11.5.6.3.4 UAE: Portable Power Station Market, by Battery Type
11.5.6.4 Rest of MEA: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Portable Power Station Market, by Type
11.5.6.4.2 Rest of MEA: Portable Power Station Market, by Capacity
11.5.6.4.3 Rest of MEA: Portable Power Station Market, by Application
11.5.6.4.4 Rest of MEA: Portable Power Station Market, by Battery Type
11.6 SAM: Portable Power Station Market
11.6.1 SAM: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Portable Power Station Market, by Type
11.6.3 SAM: Portable Power Station Market, by Capacity
11.6.4 SAM: Portable Power Station Market, by Application
11.6.5 SAM: Portable Power Station Market, by Battery Type
11.6.6 SAM: Portable Power Station Market, by Key Country
11.6.6.1 Brazil: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Portable Power Station Market, by Type
11.6.6.1.2 Brazil: Portable Power Station Market, by Capacity
11.6.6.1.3 Brazil: Portable Power Station Market, by Application
11.6.6.1.4 Brazil: Portable Power Station Market, by Battery Type
11.6.6.2 Argentina: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Portable Power Station Market, by Type
11.6.6.2.2 Argentina: Portable Power Station Market, by Capacity
11.6.6.2.3 Argentina: Portable Power Station Market, by Application
11.6.6.2.4 Argentina: Portable Power Station Market, by Battery Type
11.6.6.3 Rest of SAM: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Portable Power Station Market, by Type
11.6.6.3.2 Rest of SAM: Portable Power Station Market, by Capacity
11.6.6.3.3 Rest of SAM: Portable Power Station Market, by Application
11.6.6.3.4 Rest of SAM: Portable Power Station Market, by Battery Type
12. Portable Power Station Market – COVID-19 Impact Analysis
12.1 Impact of COVID-19 Pandemic on Portable Power Station Market: Regional Analysis
12.1.1 North America: Impact Assessment of COVID-19 Pandemic
12.1.2 Europe: Impact Assessment of COVID-19 Pandemic
12.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.1.5 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 New Development
14. Company Profiles
14.1 Midland Radio Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 ALLPOWERS Industrial International Co., Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 ChargeTech
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 EcoFlow
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Drow Enterprise Co., Ltd.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Duracell Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Goal Zero
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Jackery Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 SHENZHEN CHAFON TECHNOLOGY CO., LTD
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Lion Energy, LLC
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Hyundai Power Products
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Global Portable Power Station Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Portable Power Station Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Portable Power Station Market, by Capacity –Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Portable Power Station Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Portable Power Station Market, by Battery Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe Portable Power Station Market, By Capacity– Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe Portable Power Station Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. France Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. France Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 28. France Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. France Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Italy Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Italy Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Russia Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 36. Russia Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Russia Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 40. UK Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. UK Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Rest of Europe Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Rest of Europe Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. APAC: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. APAC: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. Australia: Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Australia: Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 52. Australia: Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. China: Portable Power Station Market, By Types – Revenue and Forecast to 2028 (US$ Million)
Table 55. China: Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 56. China: Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 58. India: Portable Power Station Market, By Types – Revenue and Forecast to 2028 (US$ Million)
Table 59. India: Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 60. India: Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 62. Japan: Portable Power Station Market, By Types – Revenue and Forecast to 2028 (US$ Million)
Table 63. Japan: Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 64. Japan: Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. South Korea: Portable Power Station Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 67. South Korea: Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 68. South Korea: Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of APAC: Portable Power Station Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of APAC: Portable Power Station Market, By Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of APAC: Portable Power Station Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Portable Power Station Market, By Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 74. MEA: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. MEA: Portable Power Station Market Revenue Share, by Capacity (2020 and 2028)
Table 76. MEA: Portable Power Station Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Portable Power Station Market, by Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 78. South Africa: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 79. South Africa: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 80. South Africa: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 81. South Africa: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 82. Saudi Arabia: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 83. Saudi Arabia: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 84. Saudi Arabia: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 85. Saudi Arabia: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 86. UAE: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 87. UAE: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 88. UAE: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 89. UAE: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 90. Rest of MEA: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 91. Rest of MEA: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 92. Rest of MEA: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 93. Rest of MEA: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 94. SAM: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 95. SAM: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 96. SAM: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 97. SAM: Portable Power Station Market, by Battery Type– Revenue and Forecast to 2028 (US$ Million)
Table 98. Brazil: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 99. Brazil: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 100. Brazil: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 101. Brazil: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 102. Argentina: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 103. Argentina: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 104. Argentina: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 105. Argentina: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 106. Rest of SAM: Portable Power Station Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 107. Rest of SAM: Portable Power Station Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 108. Rest of SAM: Portable Power Station Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 109. Rest of SAM: Portable Power Station Market, by Battery Type – Revenue and Forecast to 2028 (US$ Million)
Table 110. List of Abbreviation
LIST OF FIGURES
Figure 1. Portable Power Station Market Segmentation
Figure 2. Portable Power Station Market Segmentation – By Geography
Figure 3. Global Portable Power Station Market Overview
Figure 4. Direct Power Held the Largest Market Share in 2020
Figure 5.-1500 Wh Segment Held the Largest Market Share in 2020
Figure 6. Emergency Power Segment Held the Largest Market Share in 2020
Figure 7. Lithium-Ion Power Segment Held the Largest Market Share in 2020
Figure 8. North America was the Largest Contributor in 2020
Figure 9. North America – PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. Asia-Pacific – PEST Analysis
Figure 12. Middle East and Africa – PEST Analysis
Figure 13. South America – PEST Analysis
Figure 14. Expert Opinions
Figure 15. Portable Power Station Market: Impact Analysis of Drivers and Restraints
Figure 16. Global Portable Power Station Market
Figure 17. Global Portable Power Station Market Forecast and Analysis, (US$ Mn)
Figure 18. Portable Power Station Market Revenue Share, by Type (2020 and 2028)
Figure 19. Direct: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Solar Power: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Portable Power Station Market Revenue Share, by Capacity (2020 and 2028)
Figure 22. Below 500 Wh: Portable Power Station Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23.-1500 Wh: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Above 1500 Wh: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Portable Power Station Market Revenue Share, by Application (2020 and 2028)
Figure 26. Emergency Power: Portable Power Station Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Off-Grid Power: Portable Power Station Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. Others: Portable Power Station Market– Revenue and Forecast to 2028 (US$ Million)
Figure 29. Portable Power Station Market Revenue Share, by Battery Type (2020 and 2028)
Figure 30. Sealed Lead Acid battery: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Lithium Ion Battery: Portable Power Station Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Portable Power Station Market Revenue Share, By Region (2020 and 2028)
Figure 33. North America: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: Portable Power Station Market Revenue Share, by Type (2020 and 2028)
Figure 35. North America: Portable Power Station Market Revenue Share, by Capacity (2020 and 2028)
Figure 36. North America: Portable Power Station Market Revenue Share, by Application (2020 and 2028)
Figure 37. North America: Portable Power Station Market Revenue Share, by Battery Type (2020 and 2028)
Figure 38. North America: Portable Power Station Market Revenue Share, by Key Country (2020 and 2028)
Figure 39. US: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Portable Power Station Market Revenue Share, By Type (2020 and 2028)
Figure 44. Europe: Portable Power Station Market Revenue Share, By Capacity (2020 and 2028)
Figure 45. Europe: Portable Power Station Market Revenue Share, By Application (2020 and 2028)
Figure 46. Europe: Portable Power Station Market Revenue Share, By Battery Type (2020 and 2028)
Figure 47. Europe: Portable Power Station Market Revenue Share, By Country (2020 and 2028)
Figure 48. Germany: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. France: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Russia: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Europe: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. APAC: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Portable Power Station Market Revenue Share, By Type (2020 and 2028)
Figure 56. APAC: Portable Power Station Market Revenue Share, By Capacity (2020 and 2028)
Figure 57. APAC: Portable Power Station Market Revenue Share, By Application (2020 and 2028)
Figure 58. APAC: Portable Power Station Market Revenue Share, By Battery Type (2020 and 2028)
Figure 59. APAC: Portable Power Station Market Revenue Share, By Country (2020 and 2028)
Figure 60. Australia: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. China: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. India: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Japan: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South Korea: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of APAC: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Portable Power Station Market Revenue Share, by Type (2020 and 2028)
Figure 68. MEA: Portable Power Station Market Revenue Share, by Capacity (2020 and 2028)
Figure 69. MEA: Portable Power Station Market Revenue Share, by Application (2020 and 2028)
Figure 70. MEA: Portable Power Station Market Revenue Share, by Battery Type (2020 and 2028)
Figure 71. MEA: Portable Power Station Market Revenue Share, by Key Country (2020 and 2028)
Figure 72. South Africa: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Saudi Arabia: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. UAE: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of MEA: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. SAM: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. SAM: Portable Power Station Market Revenue Share, by Type (2020 and 2028)
Figure 78. SAM: Portable Power Station Market Revenue Share, by Capacity (2020 and 2028)
Figure 79. SAM: Portable Power Station Market Revenue Share, by Application (2020 and 2028)
Figure 80. SAM: Portable Power Station Market Revenue Share, by Battery Type (2020 and 2028)
Figure 81. SAM: Portable Power Station Market Revenue Share, by Key Country (2020 and 2028)
Figure 82. Brazil: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Argentina: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. Rest of SAM: Portable Power Station Market – Revenue and Forecast to 2028 (US$ Million)
Figure 85. Impact of COVID-19 Pandemic in North American Country Markets
Figure 86. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 87. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 88. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 89. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies
1. ChargeTech
2. Drow Enterprise Co., Ltd.
3. Duracell
4. EcoFlow
5. Goal Zero
6. Jackery, Inc.
7. Lion Energy
8. Midland Radio Corporation
9. Shenzhen Lipower Technology Co., Ltd
10. SUAOKI
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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