ALBANY, New York, October 19, 2015 /PRNewswire/ --
According to a new market report published by Transparency Market Research entitled "Power Banks (Portable Power Banks and Solar Power Banks) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022," the market for power banks exceeding 20,000 mAh in North America was valued at US$ 675.5 Mn in 2014, and is expected to reach US$ 2,596.9 Mn by 2022, expanding at a CAGR of 18.6% from 2015 to 2022.
Growing ownership of multiple consumer electronic products such as laptops, smartphones, and digital cameras in North America has provided the necessary thrust to high-capacity power banks. Furthermore, an increase in the numbers of power outage incidences, owing to rise in both weather-related and non-weather-related disasters, has triggered the demand for high-capacity power backup solutions. The growing preference for green energy adoption and high power efficiency in industrial applications is expected to offer sound opportunities for the growth of high-capacity solar banks over the forecast period. A potential challenge faced by the high-capacity power banks market in North America is the lack of product differentiation, which is expected to force manufacturers in the region to compete on price, thereby eroding profit margins. Thus, a potential opportunity for manufactures in the region lies in product enhancement to meet multi-application needs.
Full Research Report on North America Power Banks Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/north-america-power-banks-market.html
Industrial/B2B was the largest end-use segment, accounting for 64.3% of the overall revenue of the power banks market in North America in 2014. The segment is expected to remain the dominant application segment in terms of revenue throughout the forecast period, witnessing strong growth especially in the first half of the forecast period. Over the forecast period from 2015 to 2022, industrial applications including healthcare, resource extraction, and foreign aid is expected to record higher growth rates, each expected to expand at a CAGR of approximately 19.3% over the forecast period. Power banks with capacities ranging from 20,000 mAh to 80,000 mAh accounted for the majority of the market revenue in 2014, and are expected to exhibit comparatively robust growth over the forecast period owing to collective demand from industrial and consumer spaces. In terms of product type, the power banks market in North America was dominated by the portable power banks segment in 2014. However, over the forecast period, their solar equivalents are expected to witness the highest growth, acquiring 42.1% of market revenue by 2022. The high-capacity power banks segment in North America is nascent. Major industry participants include Gridless Power Corporation, Goal Zero Corporation, Anker, Limefuel, LLC, Sony Corporation, and IEC Technology, LLC.
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The report analyzes the power banks market in North America, and provides estimates in terms of revenue (US$ Mn) from 2012 to 2022. Market estimates on the basis of application, power rating, and product type have also been provided for the region. The market has been segmented as follows:
North America Power Banks Market, By Product Type
- Portable Power Banks
- Solar Power Banks
Browse the Press Release of this report, here: http://www.transparencymarketresearch.com/pressrelease/north-america-power-banks-market.htm
North America Power Banks Market, By Power Rating:
- 20,000 mAh to 80,000 mAh
- Above 80,000 mAh
North America Power Banks Market, By Application:
- Disaster Preparedness/Emergency/Backup
- Fire Fighting/Rescue
- Law Enforcement
- Resource Extraction
- Foreign Aid
- Others (Telecom, etc.)
- Consumer Electronics
- Personal Use
Other Research Reports by Transparency Market Research:
- Relays Market: http://www.transparencymarketresearch.com/relays-market.html
- Smart Surfaces Market: http://www.transparencymarketresearch.com/smart-surfaces-market.html
- Structured Cabling Market: http://www.transparencymarketresearch.com/structured-cabling-market.html
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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