North America Power Bank Market

North America Power Bank Market Size (2024-2029):

The North America Power Bank Market is estimated to be USD 4.74 billion in 2024 and is projected to reach USD 5.37 billion by 2029, at a CAGR of 2.54% from 2024 to 2029.

Market Scenario

A power bank is a portable charger developed to recharge an electronic gadget when a consumer is on the move. The size range of these power banks varies from slim, pocket-sized devices to larger, higher-capacity power banks. These power banks are used to charge cell phones, tablets, portable speakers, GoPros, cameras, and even laptops.

The growth of the target market is attributed to a broad base of consumers who use smartphones and the increasing incidence of power cuts.

Market Drivers and Restraints

The significant factors driving the growth of the Power Bank Market in North America are the large number of smartphone consumers and the rising incidences of power cuts driving the market growth. Also, the increasing adoption of other electronic devices, growing consumption of power by electronic devices because of the developments in mobile technologies, extension in the reach of online retail platforms for end-users, and the affordability of these power banks are estimated to boost the growth of the North America Power Bank Market.

However, the lack of quality and the counterfeiting of these power banks are the challenges that are expected to hinder the growth of the North American power Bank Market.

Market Segmentation

North America Power Bank Market Analysis By Application

• Smart Phone
• Tablet
• Laptop
• Portable Media Device
• Wearable Device
• Digital Camera
• Others

North America Power Bank Market Analysis By Capacity

• Portable Mobile Power Bank
• Ultra-Portable Mobile Power Bank
• Big Charge Power Bank
• High Charge Power Bank

Among all of these segments, the portable mobile power bank segment held the major share of the market revenue with a share of 49.8%, and the ultra-portable mobile power bank is anticipated to grow at a CAGR of 23.6%, which is the highest, over the forecast period.

North America Power Bank Market Analysis By Indicator

• LED Lighting
• Digital Display

The North America Power Bank Market is segmented into 1 USB Port, 2 USB Ports, and More than 2 USB Ports based on the number of USB Ports.

North America Power Bank Market Analysis By Type

• Lithium-Ion (Li-Ion) Battery
• Lithium Polymer (Li-Polymer) Battery

Geographical Analysis

• United States
• Canada
• Mexico

The US is the country that was witnessing a massive surge in the power bank market owing to the technological advancements in this region. Canada is another prominent nation in the North American that is foreseen to account for a noteworthy portion in the regional business in the next few years.

Market Key Players

The major key players of the North America Power Bank Market include Beijing Xiaomi Technology Co. Ltd., Lenovo Group Ltd., Microsoft Corporation, Panasonic Corporation, Sony Corporation, AsusTeK Computer Inc., Anker Technology Co., Intex Technologies, and Ambrane India Private Limited., and Others.

Market Recent Developments

• AsusTeK Computer Inc., a major player in the Power Bank Market, has launched its flagship power bank, which has a capacity of 10050 mAh, to the world wide consumers recently.
• Lenovo has announced that it is in a strategic partnership SentinelOne to integrate SentinelOne’s autonomous endpoint protection platform within its ThinkShield security portfolio.