Albany, NY -- (SBWIRE) -- 01/19/2018 -- North America is witnessing a high demand for power sources that can help maintain an uninterrupted supply in the event of power outages or blackouts. The power sector of the region is currently under high stress due to a rapidly increasing demand and the losses incurred due to catastrophic weather conditions. The improvements in power grids are being undertaken at a fast pace, but they are still unable to completely meet the growing power demand across North America. This forms the key driver for the sales of high capacity power banks.

Additional factors promoting the use of high capacity power banks include the strengthening regulations for the use of green energy as well as for increasing power efficiency. Solar powered power banks can fall perfectly into this requirement, especially after the implementation of the Recovery Act of 2009. The demand for high capacity power banks is also augmented by the growing number of consumer electronic devices owned by individuals. As the number of devices per person increase, so do their power requirements. This is a massive opportunity for the manufacturers of multi-port high capacity power banks in North America.

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The research study titled "Power Banks Market – North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022" provides a strategic analysis of the North America power banks (exceeding 20,000 mAh) market along with the market growth (size in US$ Mn) forecast for the period from 2015 to 2022. The report includes competitive analysis of various market segments based on power rating, types, and applications for the power banks market in North America. In order to aid in strategic decision-making, the report also includes competitive profiling of the leading power bank manufacturers in the industry, their market positioning, recent developments, and the winning strategies adopted by them. Other in-depth analysis covered in the report includes insights into industry competition, market dynamics, and the most profitable segments of the power banks market in North America. Furthermore, the report analyzes the current and future market potential for power banks (exceeding 20,000 mAh) in North America.

On the basis of product type, the market is segmented into: portable power banks and solar power banks. The market revenue and forecast for these product segments have been included in the report in terms of US$ Mn, along with the CAGR for the forecast period from 2015 to 2022. Furthermore, the report also segments the power banks market on the basis of applications into consumer and industrial/B2B applications. The market revenue and forecast for different application and sub application segments have also been included in the report for the period from 2012 to 2022 in terms of US$ Mn, along with the CAGR for the forecast period from 2015 to 2022.

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On the basis of application, the industrial/B2B sector is dominant with the segment expected to reach a valuation of US$1.68 bn by the end of 2022. The chief factor responsible for the growth of this segment is that industries are increasingly recognizing the need for power backup to minimize machine downtime, most of which is because of weather related outages.

The report also provides the breakdown and review of the various factors affecting the growth of the power banks market, appropriately described as market drivers, restraints, and opportunities. These factors emphasize upon the existing trends and their impact on the market growth. In addition, the report provides a separate section focusing on the key trends and future outlook of the power banks market. Overall, the report includes a holistic analysis of the power banks market in North America and provides growth estimates for the period from 2015 to 2022, keeping in mind the various factors affecting the market.

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North America Power Banks Market, By Product Type

Portable Power Banks
Solar Power Banks

North America Power Banks Market, By Power Rating:

20,000 mAh – 80,000 mAh
Above 80,000 mAh

North America Power Banks Market, By Application:

Industrial/B2B
Disaster Preparedness/Emergency/Backup
Fire Fighting/Rescue
Law Enforcement
Resource Extraction
Construction
Healthcare
Foreign Aid
Security
Robotics
Events
Photography
Others (Telecom, etc.)
Consumer Electronics
Personal Use
Backpacking/Camping/Fishing/Hunting/Marine

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