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Portable Power Station For Power Tool
COVID-19 Impact:
The COVID-19 pandemic has hit the global portable power station market badly. Closure of public spaces and recreational activities can lead to a slump in sales. Restrictions on travel plans and closure of tourist destinations can negatively impact the market. But areas with frequent blackouts are commanding a huge demand for portable power stations to survive the pandemic.
Industry Trends:
The need for reliable survival gear in treks and areas with low power can drive the demand for portable power stations. Manufacturers in the market are increasing the capacity of these generators by providing extra outlets for charging more devices. Rise of recreational activities and surge in outdoor events has led to sale of power stations. New generation trekkers are opting for camping and caravanning with backup charging equipment being on top of the priority list. Crowdfunding campaigns for driving development of larger capacity power generators will fare well for the market.
Segmentation:
By operation type, the global portable power station market is divided into direct power and solar power. The solar power segment is expected to grow at the fastest rate in the portable power station market. This is attributed to the low dependence on fossil fuels for energy generation and storage. Renewable schemes and subsidies designed to create public awareness and interest can drive the segment demand.
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Shenzhen Zhifu New Energy Co., Ltd. , https://www.sunbeambattery.com