China’s Power Management Integrated Circuits (PMIC) market has maintained vigorous growth from 2015 to 2019, thanks to the expansion of home appliance and 3C products markets, as well as the widening adoption of PMIC in new fields. Askci Corporation predicts that by the end of 2020, China’s PMIC market will reach 78.1 billion yuan.
Home Appliance & Smart Phone Demand Set to Drive PMIC Market
Home appliances and smart phones will continue to be the two major forces to drive China’s PMIC demand. Data show that in 2019, China’s home appliances industry reeled in 1602.74 billion yuan in revenue, up by 4.3%, with net profit totaling 133.87 billion yuan, an increase of 10.9%. Global smart phones shipments in 2019 were 1.371 billion units, and the top five brands by market share, which were Samsung, Huawei, Apple, Xiaomi, and OPPO, produced most of their phones in China.
Four Development Trends of PMIC
Ø High power conversion efficiency and low energy consumption;
China is undeniably one of the most dynamic market right now. If you want to know more about China’s power supply and PMIC industry, Power China 2020 is the place to be!