North America Power Banks (Exceeding 20,000 Mah) Market Expected to Reach Us$ 2,596.9 Mn in 2022

According to a new market report published by Transparency Market Research entitled “Power Banks Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022,” the power banks market 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.

Browse the full Report : 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...