U.S. High Capacity Power Banks Market – Forecast, 2020-2027

1. Report Title U.S. High Capacity Power Banks Market – Opportunities & Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

2. The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape. Drivers of the U.S. High Capacity Power Banks Market: Rapid economic developments, followed by the rising consumer purchasing power, are the key drivers surging the growth of the electronic market, thus boosting the demand of high capacity power bank market in the U.S. in addition to this, the increasing utilization of rechargeable devices across numerous sectors, including security, healthcare, robotics, construction, general business, consumer electronics, and entertainment, followed by the growing demand of better battery backup among consumers is further fuelling the market growth. Increased adoption of mobile phones, tablets, phablets, and other portable consumer electronics gadgets is surging the demand for high capacity power bank markets. Power banks allow battery-powered items to be charged on the go, along with offer a very convenient and easy method of charging several devices such as laptops, smartphones, and other devices. This factor is expected to propel the growth of the market in U.S. in the forecast period. Furthermore, various advantages of high capacity power banks that include operating for several hours while useful during a power interruption, supplying power, charging multiple devices at once, easily rechargeable, portability, are some other factors supporting the growth of the market. The presence of major electronics companies including Intel Corporation, The Hewlett- Packard Company, IBM Corporation, Zenith Electronics, LLC, Emerson Electric Co., Apple, Inc., Dell Technologies Inc., Cisco Systems, Inc. is bolstering the market growth in U.S. Additionally, industry players are rapidly inclined towards investing heavily in R&D activities for the development of advanced, light-weight, cost-efficient, and wireless high capacity power bank products. The development of power banks that run 2

3. on renewable sources of energy and the increasing adoption of green energy and rising demand for high power efficiency in industrial applications are expected to provide huge growth opportunities to the market. On the other hand, high output voltages, which can damage the battery of electronic devices and delay in the shipment, coupled with the manufacturing of power banks due to the emergence of COVID-19, hinder market growth the U.S. Segmentation of the U.S. High Capacity Power Banks Market: By Application: •Consumer Electronics oPersonal Use oEmergency oMarine oBackpacking, Hiking, & Camping oOthers •Industrial oHealthcare oRobotics oLaw Enforcement oSecurity oConstruction oOthers About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and 3

4. markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 4