Us Portable Power Device Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Portable Power Device Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 20.2 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
The US Portable Power Device Market has been witnessing a rapid growth in recent years, driven by the increasing demand for energy-efficient solutions and the rise of mobile devices. As individuals and businesses alike seek uninterrupted power for their gadgets, the need for portable power devices, such as power banks, solar chargers, and portable generators, has surged. According to market analysts, the portable power device market in the United States is projected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2028. The market's expansion is fueled by the ever-increasing use of smartphones, tablets, laptops, and other mobile devices, which require reliable power sources when on the go.
One of the key trends driving this market is the growing awareness of the environmental impact of energy consumption. Consumers are increasingly opting for eco-friendly solutions like solar-powered chargers and energy-efficient power banks that align with their sustainability goals. The widespread adoption of electric vehicles (EVs) is another factor propelling the demand for portable power devices. As EVs gain popularity, users require portable charging solutions for their vehicles, particularly in remote areas where traditional charging infrastructure may not be available.
Manufacturers are constantly innovating to meet the evolving demands of consumers. Power banks, which were once bulky and inefficient, are now compact, lightweight, and equipped with high-capacity batteries. Many of these devices come with fast-charging capabilities and multiple ports to charge several devices simultaneously. Moreover, the integration of smart technology in portable power devices has made them more user-friendly, with features like smartphone apps for monitoring power usage and battery life.
On the other hand, the market faces certain challenges, including the rising competition among manufacturers and the fluctuating prices of raw materials used in the production of batteries and solar panels. Despite these hurdles, the outlook for the US portable power device market remains optimistic, with increasing demand across various industries, including travel, outdoor activities, and business sectors.
As the demand for portable power devices continues to rise, the market is expected to experience significant growth, contributing to the development of innovative solutions for consumers in the years to come. The market is not only becoming more diverse in terms of product offerings but also in terms of the ways in which people utilize these devices. Whether it's for daily convenience or emergency backup power, portable power devices are becoming indispensable in modern life, ensuring that users are never without power when they need it the most.
With this growing trend, the US portable power device market presents a dynamic opportunity for investors and companies looking to capitalize on the increasing reliance on mobile technology. By understanding consumer needs and providing sustainable, efficient products, businesses can remain competitive in this rapidly expanding market. The continuous advancements in technology, coupled with changing consumer preferences, will likely shape the future of portable power devices, making them an essential part of everyday life.
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Johnson Matthey
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Portable Power Device Market
Under 10,000 mAh
10,000 mAh – 20,000 mAh
20,000 mAh – 30,000 mAh
Above 30,000 mAh
Fast Charging
Standard Charging
Wireless Charging
Up to 30W
31W – 60W
61W – 100W
Above 100W
Consumer Electronics
Outdoor and Travel
Emergency Backup
Industrial Use
Compact and Lightweight
Medium-Sized
Heavy Duty
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Portable Power Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Portable Power Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Portable Power Device Market, By Type
6. Global Portable Power Device Market, By Application
7. Global Portable Power Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Portable Power Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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