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However, renewables generate intermittent power, making portable energy storage systems essential for energy management and grid stability. Top three players, including Chint Global Bluetti Power, and Jackery Technology GmbH account for nearly 43.5% of the portable energy storage system industry.
The portable energy storage system industry was valued at USD 2.8 billion, USD 3.5 billion and USD 4.4 billion in 2022, 2023 and 2024 respectively. The industry is segmented in lithium-ion, lead-acid and others based on technology.
According to the IEA, renewables are expected to hold for almost half of global electricity generation by 2030, with wind and solar PV's share projected to double to 30%, driving up the demand for portable storage systems to harmonize supply and need. Growing outdoor recreation industry drives the demand for off-grid power solutions.
Eminent players operating in the portable energy storage system market are: In November 2024, in Australia, BLUETTI plans to introduce the AC70, AC2A, and AC200L portable power stations. With a 204Wh capacity, 300W AC output, and 600W surge, the AC2A is ideal for hikers and campers, weighing only 3.6kg.
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