In recent years, the demand for portable energy storage power supplies has continued to increase. According to relevant data statistics, from 2016 to 2021, the global portable energy storage market size rose from 60 million yuan to 11.13 billion yuan, an increase of more than 100 times. In 2016, the domestic portable energy storage industry output was only 50 million yuan, but by 2021, it had increased to 9.22 billion yuan, with a CAGR of 183.89%. The United States is the largest portable energy storage market in the world, accounting for approximately 47.3% of sales, due to their love for outdoor activities. Japan's market share is approximately 29.6%, and it is mainly used for emergencies. Although China started late in the portable energy storage field, after many years of development, it has become the world's largest producer and exporter of portable energy storage, with over 90% of emergency energy storage products worldwide coming from China, and over 20,000 related companies. In the future, the application scenarios for portable energy storage products will be even more extensive, and demand will continue to increase.

"2016-2022 Portable Energy Storage Growth Trend Chart (Unit: RMB 100 million)"

一、What is the future of portable energy storage?

The current demand for portable energy storage mainly comes from three aspects. Firstly, the global outdoor activities population continues to increase with approximately 150 million households participating in outdoor activities in 2021. Secondly, various countries have introduced power rationing measures due to the increasingly severe electricity crisis, particularly in South Africa since 2022, as well as in the United States, Japan, and various regions in China. Thirdly, the frequency of natural disasters such as earthquakes remains unchanged, which often results in power outages, power shortages, and other emergencies, leading to demand for rescue and relief efforts. These factors have driven the rapid development of the portable energy storage industry, and future global shipments of portable energy storage will increase with the growth in demand. According to relevant data statistics, it is estimated that the shipment volume will reach 31.1 million units in 2026 (15.5 million units for outdoor activities, 11.55 million units for emergencies, and 6 million units for other purposes). The industry scale is expected to reach 88.2 billion yuan, which is 6.4 times the shipment volume and 9.6 times the industry scale in 2021. The outlook for the portable energy storage market is expected to far exceed your imagination!

Global Shipments Forecast for Portable Energy storage segment, 2021-2026

二、What are the application scenarios of portable energy storage?

Apart from being used for short-distance outdoor tourism and power outage emergencies, portable energy storage may also be used in emergency disaster relief scenarios to address the problems of power shortage, power failure, and emergency rescue. Due to its flexibility in usage location and equipped with AC, DC, car charging ports, Type-C, USB and other interfaces, portable energy storage can not only charge electronic devices such as laptops, tablets, and smartphones, but also provide 220V AC output for outdoor camping/live streaming/photography, respirator, and electric drill. When combined with solar panels, it can store power for power outages. In addition, portable energy storage may also be used for off-grid power supply after disasters to ensure basic electricity needs, paving the way for a broad market for high-capacity energy storage devices in the future.

Outdoor scenarios include camping, picnicking, hiking, fishing, outdoor travel, live streaming, photography, surveying, and outdoor work.

Emergency fields include emergency power outages, emergency rescue, and firefighting.

Applicable devices include rice cookers, kettles, baking pans, car emergency charging, outdoor camping lights, electric fans, drones, and electronic devices such as laptops, tablets, and smartphones.

三、Lithium iron phosphate battery and ternary lithium battery how to choose?

According to a GGII report from the High-Tech Research Institute of Lithium Electricity, lithium batteries account for 50% to 70% of the cost of portable energy storage and occupy a very important position in the industry. Currently, except for brands such as Dian Xiao Er, Zheng Hao, Anker, and JOWAY which use lithium iron phosphate batteries, most energy storage products use ternary lithium 18650 battery cells. However, lithium iron phosphate batteries offer better value and safety, and are expected to occupy a certain market share in special occasions such as outdoor rescue and work. Portable energy storage devices that use lithium iron phosphate batteries are therefore more reliable and secure. In addition, the progress of domestic substitution for portable energy storage battery cells is expected to accelerate even further over the next 2 years.

Lithium iron phosphate batteries have many advantages, including high working voltage, high energy density, long cycle life, and good safety performance. Their positive electrode material exhibits stable electrochemical properties, and even under special conditions such as short circuit, overcharging, compression, and puncture, they will not burn or explode. Because of these qualities, lithium iron phosphate batteries have been chosen as the preferred battery for car brands like Tesla, BYD, and Mercedes-Benz.

四、How to choose the right portable energy storage equipment?

For the choice of portable energy storage, we must consider it according to our own needs, budget and other comprehensive considerations. Battery capacity determines which scenarios can be used. Generally, the larger the capacity, the higher the volume and price. Equipped with charging interface and compatibility to determine what equipment can be charged, with AC, DC, car charging port, Type-c, USB and other multi-interface compatibility will be more widely, and the most important thing is to ask what is the use of battery, it is recommended to choose lithium iron phosphate battery, finally must go to the regular channel to choose regular brand.

As a leading brand in the field of consumer electronics, JOWAY has mature technology in battery, among which 300Wh outdoor energy storage Wisdom zi mini can be used for camping, picnics, hiking, outdoor live broadcasting, outdoor construction, power outage emergency and other scenes, and can cook, boil water, projection, charge notebook and other devices. Both in terms of safety performance and use experience, it greatly meets the use needs of consumers. The price is more humane than that of the peer brands. In the future, JOWAY will also launch energy storage products with larger capacity to meet the diversified use needs!

300Wh Energy storage Wisdom zi mini is coming to market, interested can pay attention to the official release dynamics!