AC-DC Power Supply Adapter Market Overview
AC-DC Power Supply Adapter Market Size is expected to reach USD 24.32 Billion by 2033. The AC-DC Power Supply Adapter industry size accounted for USD 13.24 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.54% from 2023 to 2033. An AC-DC power supply adapter, in professional language, refers to an electronic device that converts alternating current (AC) electrical power from a mains power source into direct current (DC) power, typically at a lower voltage, to power or charge electronic devices or systems. It serves as an intermediary between the AC power grid and the target device, providing the necessary DC voltage and current levels required for proper operation. AC-DC power supply adapters are commonly used in various industries, including consumer electronics, telecommunications, computer hardware, and industrial automation, to facilitate safe and reliable power distribution and conversion.
Global AC-DC Power Supply Adapter Market Synopsis
COVID-19 Impact Analysis
The COVID-19 pandemic significantly impacted the AC-DC Power Supply Adapter market, causing a negative effect on its growth and performance. The pandemic resulted in disruptions across global supply chains, manufacturing facilities, and logistics, leading to a shortage of raw materials, components, and workforce. Lockdown measures and restrictions imposed by various governments hindered production and distribution activities, causing delays in product launches, reduced manufacturing capacities, and increased lead times. Additionally, the economic uncertainties and reduced consumer spending during the pandemic resulted in a decline in demand for electronic devices and systems, indirectly affecting the AC-DC Power Supply Adapter market. Overall, the pandemic created a challenging business environment, causing a setback in the growth and profitability of the AC-DC Power Supply Adapter industry.
Global AC-DC Power Supply Adapter Market Dynamics
The major factors that have impacted the growth of AC-DC Power Supply Adapter are as follows:
The increasing demand for electronic devices across various industries
The proliferation of smartphones, tablets, laptops, IoT devices, and other consumer electronics has fueled the need for efficient and reliable power supply solutions. Additionally, the growing adoption of renewable energy sources and the increasing trend of electrification in sectors like automotive and transportation also drive the demand for AC-DC power supply adapters.
- The rising competition and price pressures
The market is highly competitive, with numerous players offering similar products, leading to price wars and reduced profit margins. Moreover, the presence of counterfeit products in the market poses a challenge, as it not only affects the revenue of genuine manufacturers but also raises concerns regarding product quality and safety.
⮚ The rapid growth of emerging technologies
The rapid growth of emerging technologies like 5G, the Internet of Things (IoT), and electric vehicles. These technologies require efficient power supply solutions to operate optimally. As the adoption of these technologies expands, there will be an increased demand for AC-DC power supply adapters that can provide the required voltage and current levels. Furthermore, the development of advanced power management technologies, such as GaN (gallium nitride) and SiC (silicon carbide), presents opportunities for the market to offer higher efficiency and compact power supply solutions.
AC-DC Power Supply Adapter Market Segment Overview
Based on the Type, the market is segmented based on AC-DC Wall Power Adapters, and AC-DC External Plug-in Power adapters. The DC External Plug-in Power Adapter segment was expected to hold a substantial market share in the AC-DC Power Supply Adapter market. DC external plug-in power adapters are widely used in various applications, including consumer electronics, telecommunications, and industrial sectors. These adapters provide a convenient and portable power solution by converting AC power from a wall socket into DC power suitable for powering electronic devices. The popularity of devices such as smartphones, tablets, routers, and set-top boxes has contributed to the increased demand for DC external plug-in power adapters.
Based on the Application, the market has been divided into Home Appliances, computers and Laptops, Mobile Phones and Wearables, Electronics, Automotive, and Others. The Electronics segment is expected to hold the largest market share in the Market. Yes, the Electronics segment is indeed anticipated to hold the largest market share in the AC-DC Power Supply Adapter market. The demand for AC-DC power supply adapters in the electronics industry is driven by the growing use of electronic devices in various applications such as consumer electronics, telecommunications, computing, and industrial automation. The rapid advancement of technology and the increasing complexity of electronic devices require efficient and reliable power supply solutions. AC-DC power supply adapters play a crucial role in providing the necessary DC power to ensure the proper functioning and performance of these electronic devices.
Based on Vertical, the market has been divided into Consumer Electronics, Telecommunications, Food and Beverages, Medical and Healthcare, Military and Aerospace, and Industrial. The Consumer Electronics segment is projected to experience significant growth in the AC-DC Power Supply Adapter market. The consumer electronics industry is constantly evolving, with new and innovative devices being introduced to the market regularly. This includes smartphones, tablets, laptops, gaming consoles, smart TVs, wearables, and other portable electronic devices. As the demand for these consumer electronics products continues to rise, so does the need for efficient and reliable power supply solutions.
Global AC-DC Power Supply Adapter Market Regional Analysis
Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of AC-DC Power Supply Adapter, followed by those in Asia-Pacific and Europe.
North America Market
North America has held the largest market share in the AC-DC Power Supply Adapter market. This can be attributed to several factors, including the presence of major electronics manufacturers, a robust consumer electronics market, and strong technological advancements in the region. North America is home to several leading companies involved in the production of consumer electronics, telecommunications equipment, and industrial automation systems. These industries require AC-DC power supply adapters for their devices and systems, driving the demand for such products in the region. Additionally, North America has a well-established consumer electronics market with a high adoption rate of advanced electronic devices such as smartphones, tablets, laptops, and gaming consoles. This contributes to the increased demand for AC-DC power supply adapters.
Asia Pacific Market
The Asia-Pacific region has been experiencing a growing compound annual growth rate (CAGR) in the AC-DC Power Supply Adapter industry. the Asia-Pacific region is the booming consumer electronics industry. Countries such as China, Japan, South Korea, and India have witnessed a surge in consumer electronics manufacturing and consumption. The rising disposable incomes, expanding middle-class population, and increasing penetration of electronic devices in these countries have fueled the demand for AC-DC power supply adapters. Moreover, the Asia-Pacific region is known for its strong presence in electronics manufacturing. Many global electronics companies have set up manufacturing facilities in countries such as China and Taiwan, which has resulted in high demand for power supply adapters for their production processes. This manufacturing ecosystem has created a favorable environment for the growth of the AC-DC Power Supply Adapter market in the region.
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Ametek Inc, Delta Electronics Inc, B&K Precision Corporation, ETA-USA, and ITECH ELECTRONIC CO LTD are some of the leading players in the global AC-DC Power Supply Adapter Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
Key Market Players:
- Keysight Technologies
- KIKUSUI ELECTRONICS CORP
- Good Will Instrument Co Ltd
- Rohde & Schwarz
- Ametek Inc
- Delta Electronics Inc
- B&K Precision Corporation
- ITECH ELECTRONIC CO LTD
- Huawei Technologies Co Ltd
- TEKTRONIX INC
- Chroma ATE Inc
December 2022 – Infinix announced the introduction of the Infinix Zero Ultra. The smartphone boasts support for 180W wired charging, enabling its 8C cell 4,500 mAh battery to go from empty to full charge in just 12 minutes with the included GaN charger. Such trends in smartphone charging technology drive advancements in the AC-DC power adapter industry, necessitating adapters with upgraded hardware features and improved efficiency.
September 2022 – Lotte Group, revealed its plans to invest approximately USD 900 million in Vietnam to establish a smart city. This initiative aims to accelerate Lotte Group’s global business by actively expanding its presence in Southeast Asia. This strategic investment highlights the growing focus on smart city development and infrastructure in the region, which can create opportunities for various industries, including the AC-DC power adapter market.
Scope of the Report
Global AC-DC Power Supply Adapter Market, by Type
- AC-DC Wall Power Adapter
- AC-DC External Plug-in Power Adapter
Global AC-DC Power Supply Adapter Market, by Application
- Home Appliances
- Computer and Laptops
- Mobile Phones and Wearable
Global AC-DC Power Supply Adapter Market, by Vertical
- Consumer Electronics
- Food and Beverages
- Medical and Healthcare
- Military and Aerospace
Global AC-DC Power Supply Adapter Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
|Market Size||2033: $24.32 Billion|
|CAGR||9.54% CAGR (2023-2033)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Key Segmentations||Product, End Use|
|Geographies Covered||North America, Europe, Asia-Pacific, Latin America, Middle East, Africa|
|Key Vendors||Keysight Technologies, KIKUSUI ELECTRONICS CORP, Good Will Instrument Co Ltd, Rohde & Schwarz, Ametek Inc, Delta Electronics, Inc, B&K Precision Corporation, ETA-USA, ITECH ELECTRONIC CO LTD, Huawei Technologies Co Ltd, TEKTRONIX, INC, Chroma ATE Inc|
|Key Market Opportunities||• The rapid growth of emerging technologies
• Development of high-efficiency and compact power supply solutions
|Key Market Drivers||• Increasing demand for electronic devices across various industries
• Growing adoption of renewable energy sources
• Advancement of technologies like 5G, IoT, and electric vehicles
• Development of advanced power management technologies (GaN, SiC)
REPORT CONTENT BRIEF:
- High-level analysis of the current and future AC-DC Power Supply Adapter Industry trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
- Historical market size for the year 2021, and forecast from 2023 to 2033
- AC-DC Power Supply Adapter market share analysis for each segment
- Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
- To identify and understand the various factors involved in the global AC-DC Power Supply Adapter market affected by the pandemic
- To provide year-on-year growth from 2022 to 2033
- To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
- Provide Total Addressable Market (TAM) for the Global AC-DC Power Supply Adapter Market.
1. What is the study period of this market?
- The study period of the global AC-DC Power Supply Adapter market is 2022- 2033
2. What are the 10 Years CAGR (2023 to 2033) of the global AC-DC Power Supply Adapter market?
- The global AC-DC Power Supply Adapter market is growing at a CAGR of ~54% over the next 10 years
3. Which region has the highest growth rate in the market of AC-DC Power Supply Adapter?
- Asia Pacific is expected to register the highest CAGR during 2023-2033
4. Which region accounted for the largest share of the market of AC-DC Power Supply Adapter?
- North America holds the largest share in 2022
5. Major Key Players in the Market of Stem Cell Manufacturers?
- Keysight Technologies, KIKUSUI ELECTRONICS CORP, Good Will Instrument Co Ltd, Rohde & Schwarz, Ametek Inc, Delta Electronics, Inc, B&K Precision Corporation, ETA-USA, ITECH ELECTRONIC CO LTD, Huawei Technologies Co Ltd, TEKTRONIX, INC, Chroma ATE Inc are the major companies operating in the AC-DC Power Supply Adapter
6. Do you offer Post Sale Support?
- Yes, we offer 16 hours of analyst support to solve the queries
7. Do you deliver sections of a report?
Yes, we do provide regional as well as country-level reports. Other than this we also provide a sectional report. Please get in contact with our sales representatives.