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North America Power Bank Market Segmented into Type, Application, Capacity & Region - Industry Analysis on Size, Share, Trends, Growth & Forecast Report | 2022 to 2027

Published: March, 2023
ID: 9380
Pages: 110
Formats: report pdf report excel report power bi report ppt

North America Power Bank Market Analysis Report (2021 - 2026)

The size and share of the North America Power Bank Market is anticipated to grow in a significant way during the forecast period. It is estimated that the target market is going to get valued around USD 8,698.20 Million by 2026, recording a CAGR of about 22% from 2021 to 2026. 

A power bank is a portable charger that was developed to recharge an electronic gadget when a consumer is on the move. The range in sizes of these power banks varies from slim, pocket-sized devices up to larger, higher-capacity power banks. These power banks are majorly be 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 the consumers that use smartphones and increasing incidences of power cuts.

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.

Drivers & Restraints of North America Power Bank Market

The significant factors that were driving the growth of the Power Bank Market in North America are a large number of smartphone consumers, and the rising incidences of power cut drive the market growth. Also, the increasing adoption of the other electronic devices, growing consumption of power by electronic devices because of the developments in the 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 counterfeit of these power banks is the challenges that are expected to hinder the growth of the North America Power Bank Market.

Market Segmentation of North America Power Bank Market

  • By Application: Smart Phone, Tablet, Laptop, Portable Media Device, Wearable Device, Digital Camera, and Others.

  • By Capacity: Portable Mobile Power Bank, Ultra-Portable Mobile Power Bank, Big Charge Power Bank, And 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.

  • By Indicator: LED Lighting and Digital Display.The North America Power Bank Market is segmented into 1 USB Port, 2 USB Ports and More than 2 USB Ports on the basis of the number of USB Ports.

  • By Type: Lithium-Ion (Li-Ion) Battery and Lithium Polymer (Li-Polymer) Battery.

  • By Region: US, Canada & rest of NA. In the regional analysis of the North America Power Bank Market, 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.

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.

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