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Mar 10, 2023

How big is the fast charging market?

First of all, let's take a look at the most popular market of mobile phones.

The annual shipment of billions of mobile phones has provoked a huge single market, which is indispensable to the popularity of fast charging. Remember the slogan of OPPO: charge for five minutes and talk for two hours. This has been deeply rooted in the hearts of the people. It can be seen that the anxiety about the battery life of mobile phones is the pain point that almost everyone will face.

Charging mobile phones is an eternal necessity. Since the BB era, it has gone through cell phones, functional phones, smart phones, etc., from AAA disposable dry batteries to recyclable polymer cells, from 1W slow charging to 120W fast charging. Over the past 20 years, we have witnessed the rapid change of charging technology and the significant increase of charging power, which has doomed the inextricable bond between the mobile terminal market and fast charging.

Secondly, there are tablet and notebook computer markets.

Laptop computers, which are the main contributor to the popularity of high-power and fast charging, have brought practical use needs. Especially the power of 65W and 90W has promoted the popularity of multi-port fast charging and high-power PD mobile power supply.

With the in-depth analysis of the charging head network, the annual sales of mobile phones, tablets and laptops reached 1.685 billion, each of which was equipped with a standard charger, and the device and charger needed a fast-charging chip respectively. The annual demand for fast-charging chips in this market was 3.37 billion. For semiconductor companies, a slice of this huge cake can occupy a place.

Third, look at the new energy vehicle market.

According to the market data, the sales volume of new energy vehicles in 2020 has exceeded 3.2 million, and the newly launched electric vehicles use the USB-C port as the standard configuration, which may also be the largest "power bank" on the market. Compared with fuel vehicles, which need to purchase on-board chargers to realize the fast charging function, new energy vehicles are equipped with this technology as standard, which is really convenient.

At present, many old automobile companies around the world have put forward the announcement of stopping the research and development of fuel engines. In the near future, the annual shipment of new energy vehicles will reach the threshold of ten million vehicles. Cars will also become the high-frequency use scenario of our fast charging, and will be integrated with home and office.

Fourth, we have to say the electric tool market.

Electric tools with built-in lithium batteries have a high prevalence in daily life. Assembling tables and chairs or disassembling electrical appliances provide many conveniences. Many people will purchase them for backup at home. There are many electric tool manufacturers in China, but popular products use linear charging, which takes a long time to charge, and also affects the use experience.

If linear charging can be upgraded to switch fast charging, or the battery pack that needs a special charger to be charged can be added with a boost charging circuit, so that it can use fast charging. The first benefit is that it can improve the user experience and significantly shorten the time required for battery charging. In addition, there is no need to attach a special charger, but directly use the fast charging of mobile phones to charge, reduce product costs, and allow manufacturers and consumers to enjoy the dividends brought by the popularity of fast charging.

Fifthly, the IoT equipment market of the thick product book.

The Internet of Things has also made many traditional home appliances become a member of smart home devices. In addition, various devices for personal use have also entered the category of smart home. It has to be said that there are many kinds of IoT devices, covering all aspects of our life.

The IoT device market embraces fast charging, starting from the unification of interfaces. The USB-C interface has become the first choice of new smart home devices, and smart home devices with built-in large capacity batteries are naturally the best application partners for fast charging.

Well, based on the analysis of the above markets, there will be nearly 3.2 billion devices in the world on the way to universal fast charging every year. A large number of devices support fast charging, bringing convenience to consumers.

Finally, let's meet KuaiChong in the most beautiful time.

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