North America Power Bank Market

Historic Data: 2021-2022   |   Base Year: 2023   |    Forecast Period: 2024-2030

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)


No. of Pages: 116  |  Report Code: BMIRE00028926  |  Category: Electronics and Semiconductor

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North America Power Bank Market

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)

Market Revenue and Forecast Overview
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North America Power Bank Strategic Insights

Strategic insights for the North America Power Bank provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Market Revenue and Forecast Overview
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North America Power Bank Report Scope

Report Attribute Details
Market size in 2023 US$ 3,054.52 Million
Market Size by 2030 US$ 6,870.18 Million
Global CAGR (2023 - 2030) 12.3%
Historical Data 2021-2022
Forecast period 2024-2030
Segments Covered By Capacity
  • 1000-5000 mAh
  • 5001-10000 mAh
  • 10001-15000 mAh
  • 15001-20000 mAh
  • Above 20001 mAh
By Battery Type
  • Lithium-Ion Battery
  • Lithium-Polymer Battery
By Indicator
  • LED Lighting
  • Digital Display
By Application
  • Smartphone
  • Tablet
  • Laptop
  • Wearable Device
  • Digital Camera
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 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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North America Power Bank Regional Insights

The geographic scope of the North America Power Bank refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Revenue and Forecast Overview
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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.

The List of Companies - North America Power Bank Market

  1. Some Leading Companies are:
  2. ADATA Technology Co., Ltd                             
  3. Anker Innovations Technology Co Ltd   
  4. Lenovo Group Ltd                                            
  5. Sunvalleytek International Inc                        
  6. Vinci Brands LLC                                                
  7. Xiaomi Corp            
  8. Zagg Inc.                                         
Frequently Asked Questions
How big is the North America Power Bank Market?

The North America Power Bank Market is valued at US$ 3,054.52 Million in 2023, it is projected to reach US$ 6,870.18 Million by 2030.

What is the CAGR for North America Power Bank Market by (2023 - 2030)?

As per our report North America Power Bank Market, the market size is valued at US$ 3,054.52 Million in 2023, projecting it to reach US$ 6,870.18 Million by 2030. This translates to a CAGR of approximately 12.3% during the forecast period.

What segments are covered in this report?

The North America Power Bank Market report typically cover these key segments-

  • Capacity (1000-5000 mAh, 5001-10000 mAh, 10001-15000 mAh, 15001-20000 mAh, Above 20001 mAh)
  • Battery Type (Lithium-Ion Battery, Lithium-Polymer Battery)
  • Indicator (LED Lighting, Digital Display)
  • What is the historic period, base year, and forecast period taken for North America Power Bank Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Power Bank Market report:

  • Historic Period : 2021-2022
  • Base Year : 2023
  • Forecast Period : 2024-2030
  • Who are the major players in North America Power Bank Market?

    The North America Power Bank Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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.
  • Who should buy this report?

    The North America Power Bank Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Power Bank Market value chain can benefit from the information contained in a comprehensive market report.