MRRSE has announced the addition of the “Power Banks (Exceeding 20,000 mAh, Portable Power Banks and Solar Power Banks) Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022” report to their offering.

1. Power Banks Market - Detailed Analysis of Current Industry
Figures with Forecasts Growth By 2022
Report Description
A power bank/pack is a compact, portable source of
charging/powering for a rechargeable battery. With the
growing demand to ensure reliable and continual power

2. supply, especially in industrial/B2B applications, the
manufacturers have started producing power banks with high-
capacity batteries. The market for high-capacity power bank
(exceeding 20,000 mAh) in North America is nascent and has
huge growth potential. With the economy now recovering
from recession and regaining growth levels, the market is
poised to gain momentum and expand in its application base
in the industrial/B2B market.
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america-power-banks-market
Increasing occurrences of blackouts and frequent power
outages in North America, coupled with the escalating

3. 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.
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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

4. 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

5. with demand from outdoor and recreational activities
including hunting, fishing, camping, and backpacking.
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Industrial/B2B applications acquired the majority of market’s
revenue in 2014, accounting for 64.3%. Over the forecast
period from 2015 to 2022, this segment is expected to remain
the most attractive and dominant one, owing to increased
demand from sub-verticals such as disaster preparedness, law
enforcement, fire rescue, healthcare, and resource extraction
for power banks. Among consumer electronics applications,
the use of high-capacity power banks for personal use, such

6. as to charge multiple electronic gadgets and to power homes
in times of power outages due to natural disasters or
emergencies, is expected to remain the highest throughout
the forecast period. 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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