Canada's shared power bank market is in its early stages of rapid growth, primarily targeting high-traffic locations in core cities such as Toronto, Vancouver, and Montreal. Industry data shows that shared charging stations have gradually appeared in shopping malls, university campuses, airports, and subway stations in these cities, but overall market penetration remains below 20%, leaving significant room for growth.

I. Analysis of Canada's Shared Power Bank Market

Globally, the shared power bank industry reached $45 billion in 2022 and is projected to exceed $60 billion by 2025, with a compound annual growth rate of 10.6%. Canada's market growth is expected to exceed the global average, primarily due to the following key factors:

Globally, the shared power bank industry reached $45 billion in 2022 and is projected to exceed $60 billion by 2025, with a compound annual growth rate of approximately 10.6%. As a highly digitized country in North America, Canada's shared power bank market is expected to grow faster than the global average.

1. Digital lifestyles drive demand growth

Canada has one of the highest rates of cashless payment adoption in the world, and smartphones have become an integral part of daily life. Demand for instant charging in public places like transportation hubs and shopping malls has surged, creating a robust demand for shared power banks.

2. Policy Support for Infrastructure Development

The Canadian government is vigorously promoting green energy and smart infrastructure development, including facilities like electric vehicle charging stations as a key investment area. In this policy context, shared power banks, as small and flexible charging tools, have gained wider acceptance and support in public spaces. Some local governments are even offering tax breaks and subsidies to encourage infrastructure investment.

3. Huge Potential in Lower-tier Markets

Beyond core first-tier cities, Canada's smaller and more remote cities and areas, such as Hamilton, Regina, and Ottawa, are also gradually demonstrating strong demand for shared power banks. Although the density of power banks in these areas is less than one-fifth of that in first-tier cities, the widespread penetration of smart mobile devices presents a significant market gap, making them a key area for future development.

In Canada, the typical rental price for a shared power bank is CAD$2 per hour, significantly higher than in Asia and other regions. This not only translates to higher profits per use, but also significantly shortens the payback period.

2. How to Develop Shared Power Banks in Canada?

Leveraging China's leading manufacturing capabilities and global export experience, China Power's core shared power bank suppliers offer integrated hardware and software solutions for the Canadian market, including:

• Customized hardware design (multiple specifications and interfaces)
• Localized management system and payment interface
• Remote operation and maintenance platform and data backend
• Marketing support and strategic recommendations

The Canadian shared power bank market is in its nascent stage, benefiting from strong digital consumer demand, a favorable regulatory environment, and vast market potential in lower-tier cities. For shared power bank brands or technology providers interested in expanding their business overseas, Canada is undoubtedly a strategic market worth focusing on and cultivating.