Power banks with capacities from 20,000 mAh to 80,000 mAh were the largest contributors to the high-capacity power banks market in North America, accounting for 73.3% of the market revenue share in 2014.
Albany, NY -- (SBWIRE) -- 12/31/2015 -- 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.
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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.
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.
Increasing occurrences of blackouts and frequent power outages in North America, coupled with the escalating demand for multi-port charging, is expected to drive growth of the market throughout the forecast period. In addition, the industrial demand for efficient and green energy solutions is expected to have a positive impact on the market throughout the forecast period. However, the lack of product differentiation and availability of established substitutes is a major challenge inhibiting market growth.
Power banks with capacities from 20,000 mAh to 80,000 mAh were the largest contributors to the high-capacity power banks market in North America, accounting for 73.3% of the market revenue share in 2014. Over the forecast period from 2015 to 2022, power banks with capacities from 20,000 mAh to 80,000 mAh are expected to witness comparatively higher growth than higher-capacity power banks (above 80,000 mAh) on account of low-cost and collective demand from industrial/B2B and consumer applications. Portable power banks was the largest product segment in 2014, accounting for 59.7% of the revenue of high-capacity power banks market in North America. Although portable power banks are expected to remain the largest product segment over the forecast period, their solar equivalents are expected to exhibit the fastest growth, expanding at a CAGR of 19.3%. The swift adoption of solar power banks can be credited to the growing preference for green energy in industrial applications, coupled with demand from outdoor and recreational activities including hunting, fishing, camping, and backpacking.
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Major industry participants include Gridless Power Corporation; Goal Zero Corporation; Anker; Limefuel, LLC; Sony Corporation; and IEC Technology, LLC. among others.
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