Energy Pods Market Size, Share, Growth, and Industry Analysis by Type (Sleeping Beds and Single Chair) By Application (Capsule Hotel, Airport, Corporate Offices, Schools and Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 April 2024

Energy Pods Market Report Overview

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The global energy pods market size is expected to be USD 49 million in 2022 and is projected to touch USD 83.61 million by 2031, exhibiting a CAGR of 6.1% during the forecast period.

Electricity may be stored in energy pods, which are a sort of portable energy storage device. Typically, they are made up of two or more separate energy storage units that may be joined to form a bigger unit. In settings like hospitals and corporate offices, where huge amounts of electrical power need to be held for brief periods, energy pods are frequently employed.

An energy pod, also referred to as a sleep pod, a napping pod, or a nap capsule, is a special type of chair or structure that is frequently used in corporate and workplace settings, hospitals, and universities to allow people to take naps. With the aid of ambient features and technology, users use the pods to take private naps. There are now nap pods in workplaces, medical facilities, educational institutions, airports, and other public locations. They are said to be effective because of studies that show 20-minute naps can boost energy levels, reduce signs of fatigue, improve focus and productivity, improve mood and learning, reduce stress, and lower the risk of heart disease.

COVID-19 Impact: Strict Protocols Led to Market’s Decline.

The global COVID-19 pandemic has been unprecedented and staggering, with energy pods experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Covid badly affected the energy pods market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.

LATEST TRENDS

"Corporate Segment and Hospitals Segment to Push the Market"

With more than 30% of the market's total revenue coming from this sector, the corporate office segment led the worldwide energy pods market. This application segment's expansion is anticipated to benefit from the rising need for single-use energy solutions to cut down on power expenses. The demand for products in this application sector is also anticipated to increase during the projected period due to growing awareness of how employing small and portable power units may save electricity expenditures. The hospitals sub-segment held a sizeable market share in 2019 as a result of rising investments made by governments from different nations to upgrade healthcare infrastructure and equipment through technological advancements as well as an increase in consumer disposable income levels globally. As a result of these factors, product demand from hospitals is anticipated to increase over the forecast period. These factors provide affordable solutions that help reduce unnecessary electrical use while maintaining the necessary lighting conditions at medical facilities without compromising performance or quality standards.

Energy Pods Market Segmentation

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• By Type Analysis

By type, market is segmented into sleeping beds and single chair. The sleeping beds segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into capsule hotel, airport, corporate offices, schools and others. The capsule hotel segment will lead the global share through 2028.

DRIVING FACTORS

"Rise in Use by Travelers in Airports to Boost the Market"

A sizeable portion of the industry is made up by the airport segment. This can be attributed to the growing popularity of energy pods as the pay-as-you-go sleeping areas for travelers to use in airports while waiting for flights. A growing understanding of the advantages of power naps and their ability to increase productivity is expected to have a significant impact on the corporate office segment's growth over the course of the forecast period. Further, it is anticipated that increased demand for nap pods from a variety of industries will be brought on by the increased focus on human welfare.

"Growing Public Awareness to Propel the Market"

The primary factor promoting the growth of the industry is the growing public awareness of the advantages of energy pods. Industry expansion is being aided by MNCs' increasing attention to employee talent retention and health. In order to boost a person's productivity and alertness, nap pods are being adopted at work more frequently as a result. Also contributing to the industry's growth is the aviation sector's transition from a public utility to a commercial business model. During the forecast period, it is also anticipated that other sectors, including the health and academic sectors, will significantly increase demand for the product. The rise of the industry is also being fueled by factors like rising living standards and an increased emphasis on health and wellness.

The industry growth is anticipated to be further fueled by manufacturers' increasing expenditures in the development of new products with cutting-edge features including timers, speakers, light effects, and others throughout the course of the forecast period.

RESTRAINING FACTORS

"Expensive Pricing and Small Number of Producers to Hinder the Market"

The market for energy pods is being held back by a few issues. The market for energy pods may be hindered by a small number of producers, expensive pricing, a lack of knowledge about the energy pods and their advantages, high maintenance costs, and adherence to strict laws surrounding the use of electrical devices.

Energy Pods Market Regional Insights

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"Asia- Pacific to Grow Rapidly within the Forecast Period"

Over the forecast period, it is anticipated that the Asia Pacific region's market will expand at the fastest rate. This can be attributed to rising investments in nations like China, Japan, and India, among others, that are anticipated to experience rapid urbanization and rising population levels. These nations will also experience high growth rates. Europe came in second after the Asia Pacific region, accounting for about 27% of global revenue share in 2021 as a result of rising demand from nations like Germany and the U.K.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Metro naps (U.S.)
• Go Sleep (Finland)
• Nap Cabs (Germany)
• Sleep box (U.S.)
• Pod time (UK.)
• Nap York (U.S.)
• HOHM (U.S.)
• KOTOBUKI SEATING (Japan)
• Rest Space (U.S.)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.