AC-DC Power Supply Adapter Market to Reach USD 31.2 BN by 2032
Research Reports
Aug 22, 2023
AC-DC Power Supply Adapter Market Insights
The AC-DC power supply adapter market is growing rapidly. The growing digitization and demand for energy-efficient power sources for consumer electronics would drive market growth. Market Research Future (MRFR) states that the global AC-DC power supply adapter market will grow from USD 14.5 BN in 2022 to USD 31.2 BN by 2032, registering an 8.90% CAGR during the assessment period (2023-2032).
AC-DC power supply adapters provide accurate and stabilized voltage supply for electronic systems in industrial units. Additionally, they are used to test digital interfaces, onboard chargers, charging stations, and fuel cells & batteries for automobiles. The growing use of electronic devices and gadgets, such as smartphones, laptops, home appliances, and more, defines the rise in AC-DC power supply adapter industry demand.
Besides, growing industrial automation and the increasing use of wireless communication systems in telecommunications and aerospace & defense sectors contribute to the market expansion. In industrial automation, IoT devices are used to connect electrical gadgets. The emergence of programmable AC-DC power supply adapters and IT infrastructure advances fuel market growth.
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Major Players:
Leading AC-DC power supply adapter market players are
- Rohde & Schwarz,
- B&K Precision Corporation,
- Keysight Technologies,
- Good Will Instrument Co., Ltd.,
- Chroma ATE Inc.,
- Delta Electronics, Inc.,
- Itech Electronic Co., Ltd.,
- Ametek Inc.,
- Tektronix, Inc.,
- ETA-USA,
- KIKUSUI Electronics Corp., and
- Huawei Technologies Co., Ltd., among others.
Global AC-DC Power Supply Adapter Market – Segmentation
The report is segmented into product types, applications, industry verticals, and regions. The product type segment is sub-segmented into AC-DC wall power adapters and AC-DC external plug-in power adapters. Of these, the AC-DC external plug-in power adapter segment accounts for the largest market share. Due to its numerous advantages, such as lightweight & compact design and reduction in heat, electrical noise, and safety issues, external plug-in power adapters are more commonly used.
The application segment is sub-segmented into home appliances, computers & laptops, mobile phones & wearables, electronics, automotive, and others. Of these, the home appliance segment dominates the market due to the rising use of AC-DC power supply adapters for residential appliances.
The industry vertical segment is sub-segmented into consumer electronics, telecommunications, food & beverages, medical & healthcare, military & aerospace, and industrial. Among these, consumer electronics is the largest segment due to the importance of AC-DC power supply adapters in charging electronic devices. By regions, the AC-DC power supply adapter industry is sub-segmented into North America, Europe, APAC, and the rest of the world.
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AC-DC Power Supply Adapter Market – Geographical Analysis
North America dominates the global AC-DC power supply adapter industry. The rapidly growing semiconductor sector and the adoption of smart home appliances in the US and Canada drive market growth. Besides, increasing smart homes and IoT device applications substantiate the region’s AC-DC power supply adapter industry shares. The growing use of modular UPS in insurance & financial services, healthcare, manufacturing, and telecommunication sectors boosts the AC-DC power supply adapter market sales.
Europe is another significant market for AC-DC power supply adapters. Rapid digitalization and the ongoing growth in the educational system, online retail, and social networking drive the AC-DC power supply adapter industry demand. The European AC-DC power supply adapter market will likely grow significantly from 2023 to 2032.
The APAC AC-DC power supply adapter industry is anticipated to demonstrate rapid revenue growth. The growing need for AC-DC power adapters and the strong presence of leading industry players & a huge consumer base push the region’s market shares. Additionally, increasing sales and investments in deploying UPSs drive market growth. China is the largest, while India is the fastest-growing AC-DC power supply adapters industry.
AC-DC Power Supply Adapter Market – Competitive Analysis
Highly competitive, the AC-DC power supply adapter market appears fragmented due to several well-established players. Major players adopt strategic approaches such as mergers & acquisitions, collaborations, and product/technology development to gain a larger competitive share. Substantial investments are transpired to develop products and expand global footprints.
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Industry/ Innovation/ Related News
Jan. 05, 2023 — Transphorm, Inc., a leading global supplier of high-reliability, high-performance GaN semiconductors power conversion products, announced the availability of its new compact power adapter, TDAIO-TPH-ON-240W-RD. The reference design, TDAIO-TPH-ON-240W-RD, can simplify and accelerate the power supply for applications such as fast chargers, high-power density AC-to-DC power supplies, IoT devices, medical power supplies & power tools, and laptops.
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