North America Power Bank Market Forecast to 2028 - Regional Analysis - by Capacity (1000-5000 mAh, 5001-10000 mAh, 10001-15000 mAh, 15001-20000 mAh, and Above 20001 mAh), Battery Type (Lithium-Ion Battery and Lithium-Polymer Battery), Indicator (LED Lighting and Digital Display), and Application (Smartphone, Tablet, Laptop, Wearable Device, Digital Camera, and Others)
The North America power bank market is expected to grow from US$ 3,054.52 million in 2023 to US$ 6,870.18 million by 2030. It is estimated to grow at a CAGR of 12.3% from 2023 to 2030.
Increasing Penetration of Smartphones and Other Electronic Devices and Rising Power Outrage Problems Fuel North America Power Bank Market
People are highly dependent on electricity for powering consumer electronics. Therefore, there is a need for constant and uninterrupted power supply. However, there is a surge in power outages worldwide due to changing weather conditions, storms, and aging power infrastructure. For instance,
• There is a rise in power outage cases in the US due to extreme weather conditions, storms, and snow in 2021. According to the Climate Central report in September 2022, 83% of power outages in the US between 2000 and 2021 were due to weather conditions such as wildfires and snowstorms.
Individuals and businesses seek alternative power sources to keep their smartphones, laptops, tablets, and other electronic devices functioning during blackouts. People want to ensure they have reliable power sources in case of unexpected power failures or during natural disasters. Therefore, the rising power outage issues are fueling the demand for power banks.
North America Power Bank Market Overview
The North America power bank market is segmented into the US, Canada, and Mexico. According to GSM Association, in 2021, it was estimated that the smartphone penetration rate in North America was around 81%. The association further stated that ~329 million people have subscribed to mobile services. Mobile continues to contribute to the economy, with mobile services and technologies generating 4.2% of GDP in North America in 2021. This high penetration rate can be attributed to various factors, including advanced telecommunications infrastructure, widespread internet access, and a high standard of living.
Smartphones have become an integral part of daily life for many people, serving not only as communication devices but also as tools for entertainment, productivity, and accessing various online services. With the increasing popularity of mobile applications and services, the demand for smartphones continues to grow. People spend more time on their phones, leading to higher battery consumption. Power banks offer a solution to extend the battery life and ensure uninterrupted smartphone usage. Therefore, with the increasing demand for smartphones, the production of power banks in North America is also increasing.
Various companies in North America are launching new power banks with different features. In October 2021, Omarco launched the world's smallest power bank (AirBank), a revolutionary, compact wireless power bank designed to adhere to the back of the smartphone through the power of suction cup technology. Omarco initially launched this power bank in North America and expanded the launch to Taiwan, Japan, and South Korea. Therefore, with the increasing penetration of smartphones, the demand for power banks across North America is anticipated to increase substantially.
North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
North America Power Bank Market Segmentation
The North America power bank market is segmented into capacity, battery, indicator, application, and country.
Based on capacity, the North America power bank market is segmented into 10001-15000 mAh, 15001-20000 mAh, above 20001 mAh, 5001-10000 mAh, and 1000-5000 mAh. 10001-15000 mAh segment held the largest share of the North America power bank market in 2023.
Based on battery type, the North America power bank market is segmented into lithium-ion battery and lithium-polymer battery. The lithium-ion battery segment held a larger share of the North America power bank market in 2023.
Based on indicator, the North America power bank market is segmented into LED Lighting and digital display. The LED lighting segment held a larger share of the North America power bank market in 2023.
Based on application, the North America power bank market is segmented into smartphone, wearable devices, laptop, tablet, digital camera, and others. The smartphone segment held the largest share of the North America power bank market in 2023.
Based on country, the North America power bank market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America power bank market in 2023.
ADATA Technology Co., Ltd, Anker Innovations Technology Co Ltd, Lenovo Group Ltd, Sunvalleytek International Inc, Vinci Brands LLC, Zagg Inc., and Xiaomi Corp are some of the leading companies operating in the North America power bank market.
Increasing Penetration of Smartphones and Other Electronic Devices and Rising Power Outrage Problems Fuel North America Power Bank Market
People are highly dependent on electricity for powering consumer electronics. Therefore, there is a need for constant and uninterrupted power supply. However, there is a surge in power outages worldwide due to changing weather conditions, storms, and aging power infrastructure. For instance,
• There is a rise in power outage cases in the US due to extreme weather conditions, storms, and snow in 2021. According to the Climate Central report in September 2022, 83% of power outages in the US between 2000 and 2021 were due to weather conditions such as wildfires and snowstorms.
Individuals and businesses seek alternative power sources to keep their smartphones, laptops, tablets, and other electronic devices functioning during blackouts. People want to ensure they have reliable power sources in case of unexpected power failures or during natural disasters. Therefore, the rising power outage issues are fueling the demand for power banks.
North America Power Bank Market Overview
The North America power bank market is segmented into the US, Canada, and Mexico. According to GSM Association, in 2021, it was estimated that the smartphone penetration rate in North America was around 81%. The association further stated that ~329 million people have subscribed to mobile services. Mobile continues to contribute to the economy, with mobile services and technologies generating 4.2% of GDP in North America in 2021. This high penetration rate can be attributed to various factors, including advanced telecommunications infrastructure, widespread internet access, and a high standard of living.
Smartphones have become an integral part of daily life for many people, serving not only as communication devices but also as tools for entertainment, productivity, and accessing various online services. With the increasing popularity of mobile applications and services, the demand for smartphones continues to grow. People spend more time on their phones, leading to higher battery consumption. Power banks offer a solution to extend the battery life and ensure uninterrupted smartphone usage. Therefore, with the increasing demand for smartphones, the production of power banks in North America is also increasing.
Various companies in North America are launching new power banks with different features. In October 2021, Omarco launched the world's smallest power bank (AirBank), a revolutionary, compact wireless power bank designed to adhere to the back of the smartphone through the power of suction cup technology. Omarco initially launched this power bank in North America and expanded the launch to Taiwan, Japan, and South Korea. Therefore, with the increasing penetration of smartphones, the demand for power banks across North America is anticipated to increase substantially.
North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
North America Power Bank Market Segmentation
The North America power bank market is segmented into capacity, battery, indicator, application, and country.
Based on capacity, the North America power bank market is segmented into 10001-15000 mAh, 15001-20000 mAh, above 20001 mAh, 5001-10000 mAh, and 1000-5000 mAh. 10001-15000 mAh segment held the largest share of the North America power bank market in 2023.
Based on battery type, the North America power bank market is segmented into lithium-ion battery and lithium-polymer battery. The lithium-ion battery segment held a larger share of the North America power bank market in 2023.
Based on indicator, the North America power bank market is segmented into LED Lighting and digital display. The LED lighting segment held a larger share of the North America power bank market in 2023.
Based on application, the North America power bank market is segmented into smartphone, wearable devices, laptop, tablet, digital camera, and others. The smartphone segment held the largest share of the North America power bank market in 2023.
Based on country, the North America power bank market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America power bank market in 2023.
ADATA Technology Co., Ltd, Anker Innovations Technology Co Ltd, Lenovo Group Ltd, Sunvalleytek International Inc, Vinci Brands LLC, Zagg Inc., and Xiaomi Corp are some of the leading companies operating in the North America power bank market.
1. INTRODUCTION
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Power Bank Market - By Capacity
1.3.2 North America Power Bank Market - By Battery Type
1.3.3 North America Power Bank Market - By Indicator
1.3.4 North America Power Bank Market - By Application
1.3.5 North America Power Bank Market- By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. NORTH AMERICA POWER BANK MARKET LANDSCAPE
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. NORTH AMERICA POWER BANK MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Penetration of Smartphones and Other Electronic Devices
5.1.2 Rising Power Outrage Problems
5.2 Market Restraints
5.2.1 Rising Installation of Charging Infrastructures in Public Places
5.3 Market Opportunities
5.3.1 Increasing Inclination Toward Eco-Friendly Power Banks
5.4 Future Trends
5.4.1 Wireless Charging Power Banks
5.5 Impact Analysis of Drivers and Restraints
6. NORTH AMERICA POWER BANK MARKET - NORTH AMERICA ANALYSIS
6.1 North America Power Bank Market Overview
6.2 North America Power Bank Market - Revenue and Forecast to 2030 (US$ Million)
7. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY CAPACITY
7.1 Overview
7.2 North America Power Bank Market, By Capacity (2022 and 2030)
7.301-15000 mAh
7.3.1 Overview
7.3.201-15000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.401- 20000 mAh
7.4.1 Overview
7.4.201- 20000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.5 Above 20001 mAh
7.5.1 Overview
7.5.2 Above 20001 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.61-10000 mAh
7.6.1 Overview
7.6.21-10000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.70-5000 mAh
7.7.1 Overview
7.7.20-5000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
8. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY BATTERY TYPE
8.1 Overview
8.2 North America Power Bank Market, By Battery Type (2022 and 2030)
8.3 Lithium-Ion Battery
8.3.1 Overview
8.3.2 Lithium-Ion Battery: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
8.4 Lithium-Polymer Battery
8.4.1 Overview
8.4.2 Lithium-Polymer Battery: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
9. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY INDICATOR
9.1 Overview
9.2 North America Power Bank Market, By Indicator (2022 and 2030)
9.3 LED Lighting
9.3.1 Overview
9.3.2 LED Lighting: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
9.4 Digital Display
9.4.1 Overview
9.4.2 Digital Display: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
10. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY APPLICATION
10.1 Overview
10.2 North America Power Bank Market Breakdown, By Application, 2022 & 2030
10.3 Smartphone
10.3.1 Overview
10.3.2 Smartphone: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.4 Wearable Devices
10.4.1 Overview
10.4.2 Wearable Devices: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.5 Laptop
10.5.1 Overview
10.5.2 Laptop: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.6 Tablet
10.6.1 Overview
10.6.2 Tablet: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.7 Digital Camera
10.7.1 Overview
10.7.2 Digital Camera: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
11. NORTH AMERICA POWER BANK MARKET - COUNTRY ANALYSIS
11.1 Overview
11.1.1.1 US North America Power Bank Market, Revenue and Forecast to 2030
11.1.1.1.1 US North America Power Bank Market Breakdown, By Capacity
11.1.1.1.2 US North America Power Bank Market Breakdown, By Battery Type
11.1.1.1.3 US North America Power Bank Market Breakdown, By Indicator
11.1.1.1.4 US North America Power Bank Market Breakdown, By Application
11.1.1.2 Canada North America Power Bank Market, Revenue and Forecast to 2030
11.1.1.2.1 Canada North America Power Bank Market Breakdown, By Capacity
11.1.1.2.2 Canada North America Power Bank Market Breakdown, By Battery Type
11.1.1.2.3 Canada North America Power Bank Market Breakdown, By Indicator
11.1.1.2.4 Canada North America Power Bank Market Breakdown, By Application
11.1.1.3 Mexico North America Power Bank Market, Revenue and Forecast to 2030
11.1.1.3.1 Mexico North America Power Bank Market Breakdown, By Capacity
11.1.1.3.2 Mexico North America Power Bank Market Breakdown, By Battery Type
11.1.1.3.3 Mexico North America Power Bank Market Breakdown, By Indicator
11.1.1.3.4 Mexico North America Power Bank Market Breakdown, By Application
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 New Product Launches
13. COMPANY PROFILES
13.1 ADATA Technology Co., Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Anker Innovations Technology Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Vinci Brands LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Lenovo Group Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Sunvalleytek International Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Xiaomi Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ZAGG Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Power Bank Market - By Capacity
1.3.2 North America Power Bank Market - By Battery Type
1.3.3 North America Power Bank Market - By Indicator
1.3.4 North America Power Bank Market - By Application
1.3.5 North America Power Bank Market- By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. NORTH AMERICA POWER BANK MARKET LANDSCAPE
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. NORTH AMERICA POWER BANK MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Penetration of Smartphones and Other Electronic Devices
5.1.2 Rising Power Outrage Problems
5.2 Market Restraints
5.2.1 Rising Installation of Charging Infrastructures in Public Places
5.3 Market Opportunities
5.3.1 Increasing Inclination Toward Eco-Friendly Power Banks
5.4 Future Trends
5.4.1 Wireless Charging Power Banks
5.5 Impact Analysis of Drivers and Restraints
6. NORTH AMERICA POWER BANK MARKET - NORTH AMERICA ANALYSIS
6.1 North America Power Bank Market Overview
6.2 North America Power Bank Market - Revenue and Forecast to 2030 (US$ Million)
7. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY CAPACITY
7.1 Overview
7.2 North America Power Bank Market, By Capacity (2022 and 2030)
7.301-15000 mAh
7.3.1 Overview
7.3.201-15000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.401- 20000 mAh
7.4.1 Overview
7.4.201- 20000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.5 Above 20001 mAh
7.5.1 Overview
7.5.2 Above 20001 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.61-10000 mAh
7.6.1 Overview
7.6.21-10000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
7.70-5000 mAh
7.7.1 Overview
7.7.20-5000 mAh: North America Power Bank Market - Revenue, and Forecast to 2030 (US$ Million)
8. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY BATTERY TYPE
8.1 Overview
8.2 North America Power Bank Market, By Battery Type (2022 and 2030)
8.3 Lithium-Ion Battery
8.3.1 Overview
8.3.2 Lithium-Ion Battery: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
8.4 Lithium-Polymer Battery
8.4.1 Overview
8.4.2 Lithium-Polymer Battery: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
9. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY INDICATOR
9.1 Overview
9.2 North America Power Bank Market, By Indicator (2022 and 2030)
9.3 LED Lighting
9.3.1 Overview
9.3.2 LED Lighting: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
9.4 Digital Display
9.4.1 Overview
9.4.2 Digital Display: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
10. NORTH AMERICA POWER BANK MARKET ANALYSIS - BY APPLICATION
10.1 Overview
10.2 North America Power Bank Market Breakdown, By Application, 2022 & 2030
10.3 Smartphone
10.3.1 Overview
10.3.2 Smartphone: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.4 Wearable Devices
10.4.1 Overview
10.4.2 Wearable Devices: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.5 Laptop
10.5.1 Overview
10.5.2 Laptop: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.6 Tablet
10.6.1 Overview
10.6.2 Tablet: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.7 Digital Camera
10.7.1 Overview
10.7.2 Digital Camera: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
11. NORTH AMERICA POWER BANK MARKET - COUNTRY ANALYSIS
11.1 Overview
11.1.1.1 US North America Power Bank Market, Revenue and Forecast to 2030
11.1.1.1.1 US North America Power Bank Market Breakdown, By Capacity
11.1.1.1.2 US North America Power Bank Market Breakdown, By Battery Type
11.1.1.1.3 US North America Power Bank Market Breakdown, By Indicator
11.1.1.1.4 US North America Power Bank Market Breakdown, By Application
11.1.1.2 Canada North America Power Bank Market, Revenue and Forecast to 2030
11.1.1.2.1 Canada North America Power Bank Market Breakdown, By Capacity
11.1.1.2.2 Canada North America Power Bank Market Breakdown, By Battery Type
11.1.1.2.3 Canada North America Power Bank Market Breakdown, By Indicator
11.1.1.2.4 Canada North America Power Bank Market Breakdown, By Application
11.1.1.3 Mexico North America Power Bank Market, Revenue and Forecast to 2030
11.1.1.3.1 Mexico North America Power Bank Market Breakdown, By Capacity
11.1.1.3.2 Mexico North America Power Bank Market Breakdown, By Battery Type
11.1.1.3.3 Mexico North America Power Bank Market Breakdown, By Indicator
11.1.1.3.4 Mexico North America Power Bank Market Breakdown, By Application
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 New Product Launches
13. COMPANY PROFILES
13.1 ADATA Technology Co., Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Anker Innovations Technology Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Vinci Brands LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Lenovo Group Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Sunvalleytek International Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Xiaomi Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ZAGG Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
