Evolve Business Intelligence has published a research report on the Global AC-DC Power Supply Adapter Market, 2023–2033. The global AC-DC Power Supply Adapter market is projected to exhibit a CAGR of around 9.54% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global AC-DC Power Supply Adapter Market: 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.
Market Highlights
The AC-DC Power Supply Adapter market is projected to be valued at USD 24.32 Billion by 2033, recording a CAGR of around 9.54% during the forecast period. An AC-DC power supply adapter is an electronic device that converts alternating current (AC) power from a mains power source into direct current (DC) power suitable for powering various electronic devices. It is commonly used to provide the correct voltage and current required by devices such as laptops, smartphones, gaming consoles, routers, and other small appliances. The primary function of an AC-DC power supply adapter is to convert the high-voltage AC power from a wall outlet into the low-voltage DC power required by electronic devices. This conversion is achieved through a series of electronic components and circuitry within the adapter.
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The COVID-19 pandemic significantly impacted the AC-DC Power Supply Adapter market. With the implementation of lockdowns, travel restrictions, and the shift to remote work and online learning, there was a surge in demand for electronic devices such as laptops, desktop computers, and other peripherals that require power supply adapters. This increased demand for AC-DC power supply adapters as people sought to set up home offices and equip themselves for remote work and education. Additionally, the disruption in global supply chains due to factory closures and transportation restrictions resulted in supply chain challenges and component shortages, leading to delays in the production and distribution of AC-DC power supply adapters. The pandemic highlighted the importance of reliable power supply solutions and prompted companies to reassess their supply chain strategies to mitigate future disruptions.
Segmental Analysis
The global AC-DC Power Supply Adapter market has been segmented based on Type, Application, Vertical, and region.
Based on the Type, the AC-DC Power Supply Adapter market is segmented based on AC-DC Wall Power Adapters, and AC-DC External Plug-in Power Adapters. AC-DC External Plug-in Power Adapters are expected to have the largest market share throughout the forecast period, while AC-DC Wall Power Adapters are expected to grow at the fastest rate.
Based on the Application, the global AC-DC Power Supply Adapter market has been divided into Home Appliances, computers and Laptops, Mobile Phones and Wearables, Electronics, Automotive, and Others. The Electronics segments are anticipated to dominate the market.
Based on the Vertical, the global AC-DC Power Supply Adapter market has been divided into Consumer Electronics, Telecommunications, Food and Beverages, Medical and Healthcare, Military and Aerospace, and Industrial. The Consumer Electronics segments are anticipated to dominate the market.
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Regional Analysis
The AC-DC Power Supply Adapter market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North American region includes the U.S. and Canada, which are significant contributors to the AC-DC Power Supply Adapter market. The presence of a technologically advanced consumer electronics industry and the increasing adoption of electronic devices drive the demand for power supply adapters. European countries, including the U.K, Germany, France, and Italy, have a well-established consumer electronics market. The region’s focus on renewable energy and energy-efficient solutions also drives the demand for AC-DC power supply adapters. The Asia-Pacific region, including countries such as China, Japan, South Korea, and India, is a major hub for electronic manufacturing. The growing population, rapid industrialization, and increasing consumer disposable income contribute to the high demand for AC-DC power supply adapters in this region. Countries in Latin America, such as Brazil, Mexico, and Argentina, are experiencing an increasing adoption of electronic devices, leading to a growing demand for power supply adapters. The region’s expanding telecommunications and IT sectors further drive the market. The Middle East region, including countries such as Saudi Arabia, UAE, and Qatar, has a developing consumer electronics market. The rising urbanization, technological advancements, and increasing investments in infrastructure projects contribute to the growth of the AC-DC Power Supply Adapter market in this region. Africa is an emerging market for consumer electronics, with countries like South Africa, Nigeria, and Kenya witnessing significant growth. The increasing access to technology, growing middle class, and rising adoption of electronic devices drive the demand for AC-DC power supply adapters.
