Global AC-DC Power Supply Adapter Market Size To Exceed USD 21.79 Billion By 2032 | CAGR of 7.94%
Category: Semiconductors & ElectronicsGlobal AC-DC Power Supply Adapter Market Size To Exceed USD 21.79 Billion By 2032
According to a research report published by Spherical Insights & Consulting, the Global AC-DC Power Supply Adapter Market Size is to Grow from USD 10.15 Billion in 2022 to USD 21.79 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.94% during the projected period.
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Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global AC-DC Power Supply Adapter Market Size, Share, and COVID-19 Impact Analysis, By Type (AC-DC External Plug-in Power Adapter, AC-DC Wall Power Adapter), By Application (Home Appliances, Computer and Laptops, Mobile Phones, Electronics, Automotive, Others), By Industry Vertical (Consumer Electronics, Medical and Healthcare, Military and Aerospace, Industrial, Food and Beverages, Telecommunications, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here : https://www.sphericalinsights.com/reports/ac-dc-power-supply-adapter-market
Electrical devices need power from an external source to operate, and AC-DC power supply adapters are electronic devices that change the frequency, current, and voltage of that power to meet the specification. AC-DC power adapters also serve as a human safety barrier, as DC current is hazardous to the human body. Chargers, which are AC-DC power supply adapters, can be used as an external adapter. Furthermore, by housing the device's power components in an external AC adapter, manufacturers can make it smaller. Because these components are essential in the charging infrastructure of consumer electronic devices, the consumer electronics industry is a major consumer of AC-DC adapters for power. As therefore, these adapters are commonly used with devices such as smartphones, computers, and a wide range of other electronic devices. Adoption of electronic devices has increased dramatically in recent years. Additionally, rising disposable income, which drives affordability, and increased awareness of digital technologies are all driving this growth. Furthermore, the increasing popularity of home and building automation systems is driving up demand for AC-DC power supply adapters. One of the major factors driving market growth is the improved performance of portable consumer electronics and computing devices.
COVID 19 Impact
The pandemic has presented both challenges and opportunities. The pandemic underscored the significance of resilient power infrastructure in supporting essential services and remote working. To ensure uninterrupted power supply, prime vendors recognised the need to invest in dependable electrical systems, including high voltage and current integrated circuits (ICs). This increased emphasis on resilient infrastructure creates opportunities for the market for AC-DC power supply adapters.
The AC-DC external plug-in power adapter segment dominates the market with the largest revenue share over the forecast period
Based on the type, the global AC-DC power supply adapter market is segmented into AC-DC external plug-in power adapter and AC-DC wall power adapter. Among these, the AC-DC external plug-in power adapter segment is dominating the market with the largest revenue share over the forecast period. Because of their numerous advantages, external plug-in power adapters are more popular than wall power adapters. All weight and size concerns, as well as heat and electrical noise reduction, are addressed. Electronic products that require an external power source are useful for use in the field or on public roads because they can be powered by a variety of power sources (such as 120 VAC, 240 VAC, 12 VDC, or an external battery pack).
The home appliances segment is expected to hold the largest share of the global AC-DC power supply adapter market during the forecast period.
Based on application, the global AC-DC power supply adapter market is classified into home appliances, computer and laptops, mobile phones, electronics, automotive and others. Among these, the home appliances segment is expected to hold the largest share of the AC-DC power supply adapter market during the forecast period. To improve device power supply system stability, home appliances require higher power density and control loop response speed. DC power supply is a critical component in ensuring the normal operation of white goods and is critical in ensuring the consistent and secure operation of internet-enabled home appliances.
The consumer electronics segment is witnessing significant CAGR growth over the forecast period.
On the basis of vertical industry, the global AC-DC power supply adapter market is segmented into consumer electronics, medical and healthcare, military and aerospace, industrial, food and beverages, telecommunications and others. Among these, the consumer electronics segment is witnessing significant growth over the forecast period. Because AC-DC power adapters are required for charging consumer electronics devices, the consumer electronics industry is a large consumer of these devices. As a result, these adapters are widely used with electronic devices such as cell phones, computers, and a wide range of other devices. The adoption of electronic devices has increased significantly in recent years.
North America dominates the market with the largest market share over the forecast period.
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North America dominates the market with the largest market share over the forecast period. The United States and Canada make up the majority of North America. In terms of overall sales, the US semiconductor industry has maintained its market share leadership for several decades. Smart home device adoption has increased significantly in North America in recent years, ranging from lighting to doorbells and refrigerators. The increased use of smart homes and IoT devices in the region has also increased demand for AC-DC power adapters. Rising energy costs are expected to fuel demand for smart home markets, resulting in widespread adoption of energy-efficient and cost-saving solutions for heating and cooling systems, lighting, and smart outlets. Such an increase in demand for smart home and smart power management devices is expected to drive demand for analogue integrated circuits in the future.
Europe is expected to grow the fastest during the forecast period. This is due to technological breakthroughs in the AC adapter market, which will increase the use of AC adapters. Furthermore, Germany dominated the AC-DC Power Supply Adapter market, while the UK AC-DC Power Supply Adapter market was the fastest growing in the European region.
Major vendors in the global AC-DC power supply adapter market are Rohde & Schwarz, B&K Precision Corporation, Itech Electronic Co., Ltd., Kikusui Electronics Corp, Good Will Instrument Co., Ltd., Chroma ATE Inc., Delta Electronics, Inc, Huawei Technologies Co., Ltd., Keysight Technologies, Ametek Inc., TEKTRONIX, INC., ETA-USA And Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2023, Transphorm, Inc.a pioneer and global supplier of high reliability, high performance gallium nitride (GaN) power conversion products, and Weltrend Semiconductor Inc. (TWSE: 2436), the global leader in adapter USB Power Delivery (PD) Controller Integrated Circuits (ICs), announced the release of their first GaN System-in-Package (SiP).
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global AC-DC power supply adapter market based on the below-mentioned segments:
AC-DC power supply adapter Market, Type Analysis
- AC-DC External Plug-in Power Adapter
- AC-DC Wall Power Adapter
AC-DC power supply adapter Market, Application Analysis
- Home Appliances
- Computer and Laptops
- Mobile Phones
- Electronics
- Automotive
- Others
AC-DC power supply adapter Market, Industry Vertical Analysis
- Consumer Electronics
- Medical and Healthcare
- Military and Aerospace
- Industrial
- Food and Beverages
- Telecommunications
- Others
AC-DC power supply adapter Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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