Hong Kong’s Power Bank Market and its Growth, Trends, Progress, Challenges, Opportunity and Upcoming Projects
Market Entry - Power Bank Market in Hong Kong: Analysis of Growth, Trends and Progress (2016 - 2021)

PUBLISHED

DEC 2017

Market Entry - Power Bank Market in Hong Kong: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

The power bank market has been segmented based on the capacity range, number of USB port, source of energy, technology, application, and region. The market size of power banks with a capacity range between 500mAh and above 15000mAh has been estimated and included in the report. Power banks with a lower capacity are the least preferred by consumers as they do not meet higher battery requirement. Power banks with a capacity range between 9500mAh and 12499mAh hold a high market share and are expected to dominate the market over the forecast period. Some of the drivers for the power bank market include the increase in demand for smartphones, decline in the prices of power banks, and mounting power consumption due to large-scale digitization. Factors which are restraining the market include improvements in terms of batteries, poor quality of power banks, and implementation of wireless charging in smartphones. Introduction of solar and hydrogen cell based power banks is expected to create a huge growth opportunity for the market. The presence of a large number of players and the lack of proper disposal infrastructure are major challenges to the market. The developing nations dominate the market for power banks and are expected to maintain their position over the forecast period, as the majority of power bank and battery manufacturers are located in here. Companies involved in the development of power banks include Advantage Computers (I) Pvt. Ltd., Anker., Microsoft Corporation, Mophie Inc., OnePlus, Panasonic Corporation, Sony Corporation, uNu Electronics INC., and Xiaomi Technology Co. Ltd. Companies involved in the development of batteries used in power banks include China BAK Battery Inc., LG Chem Ltd., and Samsung SDI Co. Ltd.

About the Geography                  

Hong Kong is a special administrative region of the People's Republic of China. It is the world’s freest and eighth largest economy. Hong Kong has no tariffs on imported goods and levies excise duty only on hydrocarbon oil, hard alcohol, tobacco, and methyl alcohol. It is the second largest recipient as well as supplier of FDI in the world. The country was ranked fifth easiest country to do business, by Doing Business.

Hong Kong acts as a bridgehead to China’s production, has an efficient banking system, favorable tax measures, excellent infrastructure, strong government, light legislations, well-educated skilled workers, and freedom of information. In 2003, Hong Kong SAR government launched CIES facilitated entry for foreign investors through investment into permissible assets, without the need to establish or join a business. Foreign companies can be set up freely, register their brands and the director of the company need not be a citizen or resident of Hong Kong. The only drawbacks are the high cost of living, elevated salaries, dependence on the financial sector, and exposure to global market risks.

With the presence of all major firms in the small region of Hong Kong, conducting business becomes very easy. Hong Kong is deemed to be the safest place to invest in the South-East Asia region.

Component Name

Unit

GDP (USD billion)

310

GDP Annual Growth Rate

1.7

GDP Per Capita

36117

Unemployment Rate

3.4

Wages

1940.53

                                                Inflation Rate

4.3

Consumer Price Index (CPI)

103

Interest Rate

0.75

Loans to Private Sector (USD billion)

996.86

Balance of Trade (USD billion)

4.137

Business Confidence

-6

Manufacturing PMI (Index Points)

49.3 Index Points

Ease of Doing Business

5

Competitiveness Rank

9

Corruption Rank

18

Consumer Confidence

87

Consumer Spending (USD billion)

51.799

Bank Lending Rate (Consumers)

5

Corporate Tax Rate

16.5

                                                                                                                                  

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Power bank market (USD millions)

                4.1 By Capacity range

                4.2 By Number of USB port

                4.3 by Energy source

                4.4 by Technology

                4.5 by Application

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company  (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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