China Power Banks Market Forecast and Opportunities, 2020
Also known as external batteries, power banks are increasingly becoming a necessity for almost every smartphone, tablet, laptop and MP3/MP4 player user in China, as the amount of time spent using these devices is increasing day by day. Battery backup of these electronic devices drains up in a short period of time, thereby creating requirement for power banks. During 2015-20, China power banks market is anticipated to grow at a substantial pace on account of growing influx of technologically upgraded power banks coupled with increasing number of mobile users, surging internet penetration and rising disposable income of the consumers. Moreover, introduction of multifunctional power banks, which include various features, such as projectors, laser lights, emergency car jump starter function, WIFI/3G router, etc., is further anticipated to boost the China power banks market in the coming years.
According to TechSci Research report, “China Power Banks Market Forecast & Opportunities, 2020”, power banks market in China is projected to exhibit a CAGR of over 26% during 2015 - 2020. On the basis of capacity, the market has been segmented into four broad categories, namely, below 8,000mAh, 8,000-10,000mAh, 10,000-15,000mAh and above 15,000mAh. Though volume sales of power banks below 8,000mAh capacity have been highest over the last few years, power banks above 15,000mAh capacity exhibit better growth prospects over the next five years. East China dominated the sales of power banks in 2014 and the region is forecast to continue its domination through 2020. Few of the leading companies operating in power banks market in China include Romoss Technology Co., Ltd., Xiaomi Inc., Milutinovic Technology Co., Ltd., Guangdong Pisen Electronics Co. Ltd., and Huaqi Information Digital Technology Co., Ltd., among others. “China Power Banks Market Forecast & Opportunities, 2020” elaborates the following aspects of power banks market in China:
List of Companies
1. ROMOSS Technology Co., Ltd.
2. Xiaomi Inc.
3. Milutinovic Technology Co., Ltd.
4. Guangdong Pisen Electronics Co. Ltd
5. Beijing Huaqi Information Digital Technology Co., Ltd.
6. Zhongshan Pineng Battery Co. Ltd
7. Newsmy Technology Co. Ltd.
8. Szbroad Technology Co., Ltd.
9. Samsung (China) Investment Co., Ltd.
10. Shenzhen DBK Electronics Co. Ltd