Shared power bank refers to the provision of power bank rental equipment by enterprises. Users use mobile devices to scan the QR code on the device screen, and become registered users by paying a deposit or relying on personal credit to become free of charge. They can rent the power bank or connect to the charging point interface to obtain charging services. Mobile devices need to be returned to nearby cabinets or other online stores under the same brand operator after use, and after successful return, they will be charged based on their usage time. If there is a deposit, the deposit can be withdrawn and returned to the account at any time.
1.The popularization of 5G mobile phones drives industry development
The rise of power bank relies on the prosperity of terminal intelligent devices. 5G mobile phones, due to factors such as larger bandwidth and more tasks, have increased power consumption, which will drive the market demand for power banks sharing. One quarter of global smartphone shipments in 2023 will support 5G, therefore, the shared charger power bank industry will experience more optimistic growth in 2-3 years.
2. No major breakthroughs in battery technology
The biggest threat to power bank sharing rental is fast charging technology, which has developed rapidly in terms of commercial popularity and technological progress, but has not yet solved two core issues: firstly, the battery life of mobile phones has not increased; Secondly, the initial charging speed of most fast charging is still not fast enough, and flash charging technology adopts a battery series charging scheme, which makes it unable to use a normal charger and also affects the battery life. Therefore, there is still a long window left for power banks sharing rental.
3. Develop the market in sunken third and fourth tier cities
The penetration rate of smart phones has increased, the use time of users' mobile phones has been extended, the number of fragmentation scenarios has increased, and the huge potential users and power consumption anxiety are driven. It is predicted that the compound growth rate of the shared charger power bank market will be 36.2% from 2020 to 2028, and the market size is expected to be 106.3 billion yuan in 2028. The sinking market still faces significant market gaps, and third and fourth tier cities will also become important markets for platform service coverage expansion.
With the popularization of 5G technology and the increase in power consumption of mobile devices, there has been no breakthrough in terminal battery technology, and the battery life of mobile devices cannot be extended. Therefore, there will be a long-term demand for shared charger power banks in the market, and the overall development trend of the industry is improving.