North America Power Bank Market Forecast to 2028

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)

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Description

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.

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At 12.3% CAGR, the North America Power Bank Market is speculated to be worth US$ 6,870.18 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America power bank market was valued at US$ 3,054.52 million in 2023 and is expected to reach US$ 6,870.18 million by 2030, registering a CAGR of 12.3% from 2023 to 2030. Increasing penetration of smartphones and other electronic devices and rising power outrage problems are the critical factors attributed to the North America power bank market.

Mobile devices have become an integral part of today’s life. Portable devices such as tablets, laptops, and smartphones and wearable technologies, including smartwatches, offer many communication features, such as voice/video calls and texts. In addition, smartphone applications are now common on mobile devices, supporting various activities such as tracking health and fitness-related information, obtaining directions, shopping, and banking. However, with all this use comes one major problem: battery life. To keep these devices charged on the go, consumers need a reliable and convenient charging solution, i.e., power banks. The demand for power banks is increasing due to the rise in the adoption of smartphones globally.

Nowadays, Android smartphones have much bigger batteries than devices from six or seven years ago, with 5,000 mAh batteries. Bigger batteries do not necessarily mean that power banks and portable chargers are not important anymore. Power banks are portable charging devices that can charge smartphones or other devices with a USB port. Power banks can also charge Bluetooth speakers, headphones, etc. In today’s world, power banks are becoming necessary with the increasing penetration of smartphones and other electronics. The main reason for increased power bank sales is the fast and rapid charging it provides. A power bank is a must for everyone who needs to travel constantly and to a normal household where you may not get a free plug point every time to charge smartphones or other electronics. With the increasing penetration of smartphones and other electronics, various companies are launching power banks with different capacities. For instance, in August 2021, the mobile accessories brand “Ambrane” expanded its power bank lineup by launching three devices: Stylo 10K, Stylo 20K, and Stylo Pro. These power banks come with a USB Type-C port and come equipped with quick charge 3.0. Therefore, the increasing penetration of smartphones and other electronic devices such as tablets, laptops, and wearables are driving the North America power bank market.

On the contrary, rising installation of charging infrastructures in public places hampers the North America power bank market.

Based on capacity, the North America power bank market is segmented into 10001-15000 mAh, 15001-20000 mAh, above 20001 mAh, 5001-1000 mAh, and 1000-5000 mAh. The 10001-15000 mAh segment held 47.8% share of North America power bank market in 2023, amassing US$ 1,461.44 million. It is projected to garner US$ 3,464.07 million by 2030 to expand at 13.1% CAGR during 2023-2030.

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 86.8% share of North America power bank market in 2023, amassing US$ 2,651.38 million. It is projected to garner US$ 5,921.23 million by 2030 to expand at 12.2% CAGR during 2023-2030.

Based on indicator, the North America power bank market is segmented into LED lighting and digital display. The LED lighting segment held 69.6% share of North America power bank market in 2023, amassing US$ 2,126.67 million. It is projected to garner US$ 4,678.62 million by 2030 to expand at 11.9% CAGR during 2023-2030.

Based on application, the North America power bank market is segmented into smartphone, wearable devices, laptop, tablets, digital camera, and others. The smartphone segment held 51.2% share of North America power bank market in 2023, amassing US$ 1,563.23 million. It is projected to garner US$ 3,758.99 million by 2030 to expand at 13.4% CAGR during 2023-2030.

Based on country, the North America power bank market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.1% share of North America power bank market in 2023. It was assessed at US$ 2,477.03 million in 2023 and is likely to hit US$ 5,650.14 million by 2030, exhibiting a CAGR of 12.5% during 2023-2030.

Key players operating in the North America power bank market are ADATA Technology Co., Ltd, Anker Innovations Technology Co Ltd, Vinci Brands LLC, Zagg Inc., Lenovo Groups Ltd, Sunvalleytek International Inc, and Xiaomi Corp, among others.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 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
14.2 Word Index

LIST OF TABLES

Table 1. North America Power Bank Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. US North America Power Bank Market, Revenue and Forecast to 2030 – By Capacity (US$ Million)
Table 3. US North America Power Bank Market, Revenue and Forecast to 2030 – By Battery Type (US$ Million)
Table 4. US North America Power Bank Market, Revenue and Forecast to 2030 – By Indicator (US$ Million)
Table 5. US North America Power Bank Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 6. Canada North America Power Bank Market, Revenue and Forecast to 2030 – By Capacity (US$ Million)
Table 7. Canada North America Power Bank Market, Revenue and Forecast to 2030 – By Battery Type (US$ Million)
Table 8. Canada North America Power Bank Market, Revenue and Forecast to 2030 – By Indicator (US$ Million)
Table 9. Canada North America Power Bank Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 10. Mexico North America Power Bank Market, Revenue and Forecast to 2030 – By Capacity (US$ Million)
Table 11. Mexico North America Power Bank Market, Revenue and Forecast to 2030 – By Battery Type (US$ Million)
Table 12. Mexico North America Power Bank Market, Revenue and Forecast to 2030 – By Indicator (US$ Million)
Table 13. Mexico North America Power Bank Market, Revenue and Forecast to 2030 – By Application (US$ Million)
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Power Bank Market Segmentation
Figure 2. North America Power Bank Market Segmentation – By Country
Figure 3. North America Power Bank Market Overview
Figure 4.01-15000 mAh Segment held the Largest Share of North America Power Bank Market
Figure 5. North America to Show Great Traction During Forecast Period
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Power Bank Market Impact Analysis of Drivers and Restraints
Figure 9. North America Power Bank Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. North America Power Bank Market Revenue Share, By Capacity (2022 and 2030)
Figure 11.01-15000 mAh: North America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 12.01- 20000 mAh: North America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 13. Above 20001 mAh: North America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 14.1-10000 mAh: North America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 15.0-5000 mAh: North America Power Bank Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 16. North America Power Bank Market Revenue Share, By Battery Type (2022 and 2030)
Figure 17. Lithium-Ion Battery: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 18. Lithium-Polymer Battery: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America Power Bank Market Revenue Share, By Indicator (2022 and 2030)
Figure 20. LED Lighting: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 21. Digital Display: North America Power Bank Market- Revenue and Forecast to 2030 (US$ Million)
Figure 22. North America Power Bank Market Breakdown, By Application (2022 and 2030)
Figure 23. Smartphone: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. Wearable Devices: Powder Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. Laptop: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 26. Tablet: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 27. Digital Camera: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 28. Others: North America Power Bank Market Revenue and Forecast to 2030 (US$ Million)
Figure 29. North America Power Bank Market, by Key Country – Revenue (2022) (US$ Mn)
Figure 30. North America Power Bank Market Breakdown, by Key Country (2022 & 2030) (%)
Figure 31. US North America Power Bank Market, Revenue and Forecast to 2030 (US$ Million)
Figure 32. Canada North America Power Bank Market, Revenue and Forecast to 2030 (US$ Million)
Figure 33. Mexico North America Power Bank Market, Revenue and Forecast to 2030 (US$ Million)

The List of Companies – North America Power Bank Market

– Some Leading Companies are:
– ADATA Technology Co., Ltd
– Anker Innovations Technology Co Ltd
– Lenovo Group Ltd
– Sunvalleytek International Inc
– Vinci Brands LLC
– Xiaomi Corp
– Zagg Inc.

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