Published Date : Jan 13, 2016
The North America power banks market is projected to witness a significant growth in the coming few years. One of the key reasons driving the North America power banks market is the rising demand for energy-efficient technologies. Around the world, consumers have become aware regarding the energy issues impacting the planet. Hence, the demand for energy efficient electronics is rising in both developed and developing regions.
In the North America power banks market, consumers are demanding power banks that offer energy efficiency for two reasons. The first is that energy efficient power banks help to save energy, which is environment friendly. The other reason is that energy efficient technologies help to cut down on energy bill in the long run. Furthermore, the green trend is also supporting the adoption of energy efficient power banks. A growing number of companies from different sectors are also demanding for energy saving power banks.
The North America power banks market is also driven by the rising instances of blackouts experienced in this region. Furthermore, the growing number of power outages are also supporting the adoption of power banks. Power banks are a reliable source of power during outages. In addition to this, the preference towards portable power banks is rising. This trend will drive the share of portable power banks in the North America power banks market. Another trend that will propel the North America power banks market is the increasing demand for multiport charging devices. Due to this trend, companies in the market are focusing on releasing power banks that offer multiport charging.
Nevertheless, the North America power banks market will be suppressed by the availability of established substitutes. One such substitute is spare battery that is inhibiting the North America power banks market. Moreover, the lack of product differentiation will also challenge the North America power banks market to an extent.
Small and large players in the North America power banks market by focusing on the B2B market can benefit greatly. Some of the key players operating in the North America power banks market are Limefuel, Sony Corporation, Anker, Goal Zero Corporation, Gridless Power Corporation, and IEC Technology.