North America Power Banks Market: Snapshot
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.
Owing to factors such as the ones above, the North America market revenue for high capacity power banks is expected to progress at a CAGR of 18.6% from 2015 to 2022. The revenue is expected to reach US$929.6 mn by the end of 2016 and is projected to touch US$2.59 bn by 2022.
Portable Power Banks to Retain High Preference in Coming Years
Power banks are commonly classified as either portable or solar powered. Consumer preference has so far consistently leaned towards portable power banks in North America, but is expected to steadily move towards solar powered power banks. By the end of 2022, portable power banks are expected to hold a share of 57.9% in market’s revenue. Although this is still a majority share, it is lower than its statistical counterpart from 2015.
Portable power banks are in high demand in North America due to their utility in areas where power grids are not available or are prone to interruptions. Additionally, the number of consumer electronics owned by individuals is also increasing in this region, further driving the need for high capacity power banks.
Solar power banks, on the other hand, are gaining in popularity due to technological advancements that have significantly improved their capacities and charging speeds over the past few years. They are also highly reliable in situations where a user needs to be away from a power source for long durations, such as during trekking. Solar powered power banks are also welcomed as an eco-friendly source of power that can help reduce the load on the North America power sector and maintain an uninterrupted and green supply of power.
Industrial/B2B Use of High Capacity Power Banks to Surge in Coming Years
The demand for power banks is divided along the generalized categories of consumer electronics and the industrial/B2B sector. The latter is expected to generate the greater demand for high-capacity power banks and achieve a revenue of US$1.68 bn by the end of 2022.
The chief factor responsible for this massive boost in industrial demand for power banks is to help companies cope with the loss of power created by natural disasters or emergency situations. Industries across North America are acknowledging the need for storing backup power as the events in which it is needed are on the rise, the most common of which are weather related power outages.
The key sectors that are expected to show a very high demand for high capacity power banks in the coming years are healthcare, resource extraction, mining, fire rescue, law enforcement, disaster management, robotics, foreign aid, and photography.
The key manufacturers of high capacity power banks in North America include Goal Zero Corporation, Gridless Power Corporation, Anker, Limefuel, LLC, and iEC Technology, LLC.
Escalating Use of Smartphones to Influence the Growth Prospects across the Power Banks Market
The high adoption of smartphones and other electronic devices will serve as game-changing factors for the growth of the global power banks market during the assessment period of 2015-2022. The constant use of smartphones by a large chunk of individuals around the world deepens the need for portable charging devices. Based on this factor, the power banks market will add extra stars of growth between 2015 and 2022.
The Power Bank Market is expected to grow at a compound annual growth rate of 18.6% from 2015 to 2022.
Prominent participants in the market include Goal Zero Corporation, Anker, Gridless Power Corporation, Limeful LLC, and iEC Technology LLC.
The high adoption of smartphones and other electronic devices will serve as game-changing factors for the growth of the global Power Bank Market.
The Power Bank Market is studied from 2015 - 2022.
The Power Bank Market size is estimated to worth US$2.59 Bn by 2022.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Sources
1.3.2 Secondary Research
1.3.3 Primary Research
Chapter 2 Executive Summary
2.1 Market Snapshot: North America Power Banks Market (2014 & 2022)
2.2 North America Power Banks Market, by Application, 2014 (US$ Mn)
2.3 North America Power Banks Market, by Product Type, 2014 (US$ Mn)
2.4 North America Power Banks Market, by Power Rating, 2013 (US$ Mn)
Chapter 3 North America Power Banks Market Analysis
3.1 Overview
3.1.1 North America Power Banks Market Revenue, 2012 – 2022, (US$ Mn) and Y-o-Y Growth (%)
3.2 Key Trends Analysis
3.2.1 Green Energy Adoption
3.2.2 Preference for Li-ion Polymer Batteries over Li-ion Batteries for Industrial Applications
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Increasing Instances of Blackouts and Power Outages Driving the Market for High Capacity Power Backup Solutions
3.3.1.2 Growing Industrial Demand for Green Energy and Power Efficiency
3.3.1.3 Growing Demand for Multiport Charging Devices
3.3.2 Restraints
3.3.2.1 Availability of Established Substitutes
3.3.2.2 Lack of Product Differentiation
3.3.3 Opportunities
3.3.3.1 Tapping Industrial/B2B Market
3.4 Distribution Channel Analysis
3.4.1 Distribution Channel Case 1
3.4.2 Distribution Channel Case 2
3.4.3 Price and Profitability Analysis for Players in the Market
3.5 Market Attractiveness Analysis: Global Power Banks Market, By Industrial/B2B End-use Applications
3.6 Competitive Landscape
3.6.1 Competitive Positioning and Strategy Adopted by Key Players, 2014
3.6.2 Recommendations
Chapter 4 North America Power Banks Market Analysis, By Product Type, 2012 - 2022
4.1 Overview
4.1.1 Comparative Analysis: North America Power Banks Market Analysis, By Type, 2014 & 2022 (Value %)
4.2 Portable Power Banks
4.2.1 North America Portable Power Banks/Generators Market Revenue, 2012 – 2022 (US$ Mn)
4.3 Solar Power Banks
4.3.1 North America Solar Power Banks/Generators Market Revenue, 2012 – 2022 (US$ Mn)
Chapter 5 North America Power Banks Market Analysis, By Power Rating, 2012 - 2022
5.1 Overview
5.1.1 Comparative Analysis: North America Power Banks Market Analysis, By Power Rating, 2014 & 2022 (Value %)
5.2 20,000 mAh – 80,000 mAh
5.2.1 North America 20,000 mAh – 80,000 mAh Power Banks Market Revenue, 2012 – 2022 (US$ Mn)
5.3 Above 80,000 mAh
5.3.1 North America Above 80,000 mAh Power Banks Market Revenue, 2012 – 2022 (US$ Mn)
Chapter 6 North America Power Banks Market Revenue Analysis, By Application, 2015 - 2022
6.1 Overview
6.2 Industrial/B2B
6.2.1 North America Power Banks Market Revenue for Industrial/B2B Applications, 2012 – 2022 (US$ Mn)
6.2.2 Disaster Preparedness/Emergency/Backup
6.2.2.1 North America Power Banks Market Revenue for Disaster Preparedness/Emergency/Backup Applications, 2012 – 2022 (US$ Mn)
6.2.3 Fire Fighting/Rescue
6.2.3.1 North America Power Banks Market Revenue for Fire Fighting/Rescue Applications, 2012 – 2022 (US$ Mn)
6.2.4 Law Enforcement
6.2.4.1 North America Power Banks Market Revenue for Law Enforcement Applications, 2012 – 2022 (US$ Mn)
6.2.5 Resource Extraction
6.2.5.1 North America Power Banks Market Revenue for Resource Extraction Applications, 2012 – 2022 (US$ Mn)
6.2.6 Construction
6.2.6.1 North America Power Banks Market Revenue for Construction Applications, 2012 – 2022 (US$ Mn)
6.2.7 Healthcare
6.2.7.1 North America Power Banks Market Revenue for Healthcare Applications, 2012 – 2022 (US$ Mn)
6.2.8 Foreign Aid
6.2.8.1 North America Power Banks Market Revenue for Foreign Aid Applications, 2012 – 2022 (US$ Mn)
6.2.9 Security
6.2.9.1 North America Power Banks Market Revenue for Security Applications, 2015 – 2022 (US$ Mn)
6.2.10 Robotics
6.2.10.1 North America Power Banks Market Revenue for Robotics Applications, 2012 – 2022 (US$ Mn)
6.2.11 Events
6.2.11.1 North America Power Banks Market Revenue for Applications in Events, 2012 – 2022 (US$ Mn)
6.2.12 Photography
6.2.12.1 North America Power Banks Market Revenue for Photography Applications, 2012 – 2022 (US$ Mn)
6.2.13 Others (Telecom, Military, Other B2B Applications etc.)
6.2.13.1 North America Power Banks Market Revenue for Photography Applications, 2012 – 2022 (US$ Mn)
6.3 Consumer Electronics
6.3.1.1 North America Power Banks Market Revenue for Consumer Electronics Applications, 2012 – 2022 (US$ Mn)
6.3.2 Camping/Hiking/Hunting/Fishing/Backpacking/Marine
6.3.2.1 North America Power Banks Market Revenue for Applications in Camping/ /Fishing/Backpacking, etc. 2012 – 2022 (US$ Mn)
6.3.3 Personal Use
6.3.3.1 North America Power Banks Market Revenue for Personal Use Applications, 2012 – 2022 (US$ Mn)
Chapter 7 Company Profiles
7.1 Gridless Power Corporation
7.2 Goal Zero Corporation
7.3 IEC Technology, LLC
7.4 Anker
7.5 Sony Corporation
7.6 Limefuel, LLC
List of Tables
TABLE 1 Market Snapshot: North America Power Banks Market, 2014 & 2022
TABLE 2 Impact Analysis Of Drivers
TABLE 3 Impact Analysis of Restraints
TABLE 4 Distribution Channel Case 1
TABLE 5 Distribution Channel Case 2
TABLE 6 Average Selling Price of Power Banks below 20,000 mAh Power Rating in North America, 2014
List of Figures
FIG. 1 Market Segmentation: North America Power Banks Market
FIG. 2 North America Power Banks Market, by Application, 2014 (US$ Mn)
FIG. 3 North America Power Banks Market, by Product Type, 2014 (US$ Mn)
FIG. 4 North America Power Banks Market, by Power Rating, 2014 (US$ Mn)
FIG. 5 North America Power Banks Market Revenue, 2012 – 2022, (US$ Mn) and Y-o-Y Growth (%)
FIG. 6 Average Power Grid Outages in the U.S., 2000 – 2014 (US$ Mn)
FIG. 7 New U.S. Electric Generating Capacity Additions, 2012 - 2014
FIG. 8 Distribution Channel Analysis: North America Power Banks Market
FIG. 9 Distribution Channel Case 1
FIG. 10 Distribution Channel Case 2
FIG. 11 Market Attractiveness Analysis: Global Power Banks Market, by Industrial/B2B End-use Application
FIG. 12 Competitive Positioning of Key Players, 2014
FIG. 13 Comparative Analysis: North America Power Banks Market Analysis, By Type, 2014 & 2022 (Value %)
FIG. 14 North America Portable Power Banks/Generators Market Revenue, 2012 – 2022 (US$ Mn)
FIG. 15 North America Solar Power Banks/Generators Market Revenue, 2012 – 2022 (US$ Mn)
FIG. 16 Comparative Analysis: North America Power Banks Market Analysis, By Power Rating, 2014 & 2022 (Value %)
FIG. 17 North America 20,000 mAh – 80,000 mAh Power Banks Market Revenue, 2012 – 2022 (US$ Mn)
FIG. 18 North America Above 80,000 mAh Power Banks Market Revenue, 2012 – 2022 (US$ Mn)
FIG. 19 North America Power Banks Market Revenue for Industrial/B2B Applications, 2012 – 2022 (US$ Mn)
FIG. 20 Weather-Related Power Outages in the U.S., 2003 – 2012
FIG. 21 North America Power Banks Market Revenue for Emergency/Disaster Preparedness/Backup Applications, 2012 – 2022 (US$ Mn)
FIG. 22 North America Power Banks Market Revenue for Fire Fighting/ Rescue Applications, 2012 – 2022 (US$ Mn)
FIG. 23 North America Power Banks Market Revenue for Law Enforcement Applications, 2012 – 2022 (US$ Mn)
FIG. 24 North America Power Banks Market Revenue for Resource Extraction Applications, 2012 – 2022 (US$ Mn)
FIG. 25 North America Power Banks Market Revenue for Construction Applications, 2012 – 2022 (US$ Mn)
FIG. 26 North America Power Banks Market Revenue for Healthcare Applications, 2012 – 2022 (US$ Mn)
FIG. 27 North America Power Banks Market Revenue for Foreign Aid Applications, 2012 – 2022 (US$ Mn)
FIG. 28 North America Power Banks Market Revenue for Security Applications, 2012 – 2022 (US$ Mn)
FIG. 29 North America Power Banks Market Revenue for Robotics Applications, 2012 – 2022 (US$ Mn)
FIG. 30 North America Power Banks Market Revenue for Applications in Events, 2012 – 2022 (US$ Mn)
FIG. 31 North America Power Banks Market Revenue for Photography Applications, 2012 – 2022 (US$ Mn)
FIG. 32 North America Power Banks Market Revenue for Photography Applications, 2012 – 2022 (US$ Mn)
FIG. 33 North America Power Banks Market Revenue for Consumer Electronics Applications, 2012 – 2022 (US$ Mn)
FIG. 34 Annual Outings of Hispanic Participants, 2013
FIG. 35 North America Power Banks Market Revenue Applications in Camping/Fishing/Backpacking, etc., 2012 – 2022 (US$ Mn)
FIG. 36 North America Power Banks Market Revenue for Personal Use Applications, 2012 – 2022 (US$ Mn)
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Power Banks Market Outlook, Trends, Analysis
