What is the future of sharing power bank charging station?

Studies show that nearly a million businesses in China close down every year. Affected by COVID-19,the global economy has suffered a huge impact in 2020 than before. As a result, many say the market for Sharing power bank charging station is broken. Portable power bank will be doomed. Is this really ?

According to data from up-to-date 2020 iiMedia Research,consumers spend nearly 6 hours on their mobile phones a day. By the end of 2019, the total number of mobile phone users reached 1.60 billion. And the number of users in the Sharing power bank charging station market reached about 250 million. Leasing business accounted for 97.2 percent of the total transaction size. The number of users will increase to 408 million in 2020. With the further development of 5G technology. It has put forward higher requirements for the endurance of the terminal.

Just when you were wondering about the future of shared charge banks. The industry in China is already in a frenzy of competition. All four leading brands are profitable and are preparing to go public. Government departments in Japan, entertainment stars and anchors in South Korea. Local enterprises in the United States and overseas Chinese in Europe have all seen this cake and started to engage in the industry one after another.

Hardware and software

After three years of exploration. Sharing power bank charging station has suffered brutal restructuring and bankruptcy. Operators and manufacturers are starting to upgrade their R&D, technology and business models.

First of all. The hardware is constantly improved, creative patterns and text are customized, the battery capacity is increased.

Secondly. Deposit is free and coupons are added.

Thirdly. The diversification of operating models.

The initial operation mode is charging charging. But now, in addition to the traditional operation mode, many businesses start to operate advertising media. And combine the shared charger with vending machines, sharing WiFi, and sharing electric vehicles to form a sharing economic group. In addition, government departments have also started to get involved. Public security bureaus, hospitals and banks have started to cooperate with businesses to build safe, smart and green cities.

Online merchants have begun to take advantage of the huge user base of Sharing power bank charging station to promote their products. So sharing power bank industry are booming.

According to a recent survey, more than 50% of users charge their mobile phones 2-3 times per day. consumers experience a “low battery anxiety” when their battery level drops below 50%. Sharing power bank revolutionized the way consumers charge their devices. So, this is definitely a popular product with a ready market and will certainly be the most promising product for the next few years.