The AC-DC power supply adapter market is anticipated to expand significantly during the forecast period owing to surge in demand for efficient and low-voltage high-current processors, increase in advancements in consumer electronics, medical, and automotive sectors, and technologically advanced AC-DC power supply as an alternative to a conventional electric load. In addition, during the forecast period, the AC-DC Power supply adapter market is anticipated to benefit from the advent of digital transformation and automation for AC-DC power supply adapters. On the contrary, the surge in mandatory safety standards and compliance with regulations is the prime restraint for AC-DC power supply adapter market growth during the forecast period.
The AC-DC power supply adapter market is segmented on the basis of type, application, industry vertical, sales channel, and region. On the basis of type, the market is bifurcated into AC-DC wall power adapter and AC-DC external plug-in power adapter. In 2022, the AC-DC wall power adapter segment dominated the market, in terms of revenue, and it is expected to acquire a major market share till 2032. On the basis of application, the market is segregated into home appliances, computer and laptop, mobile phones and wearable, electronics, automotive, lighting solutions, and others.
The mobile phones and wearable segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2022 to 2032. On the basis of industry vertical, the market is divided into consumer electronics, telecommunications, food & beverages, medical & healthcare, military & aerospace, and industrial. The consumer electronics segment acquired the largest share in 2022 and food & beverages segment is expected to grow at a significant CAGR from 2022 to 2032. On the basis of sales channel, the market is classified into direct sales and indirect sales. The direct sales segment acquired the largest share in 2022 and is expected to grow 2022 to 2032.
Region-wise, the AC-DC Power supply adapter market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and rest of Asia-Pacific), and LAMEA (Brazil, rest of Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global AC-DC power supply adapter market players that have been provided in the report include Ametek Inc., B&K Precision Corporation, Delta Electronics, Inc., ETA-USA, Huawei Technologies Co., Ltd., ITECH ELECTRONIC CO., LTD., Keysight Technologies, KIKUSUI ELECTRONICS CORP, Rohde & Schwarz, and TEKTRONIX, INC. The key strategies adopted by the major players of the AC-DC power supply adapter market are product launch, business expansion, acquisition, and product development.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ac-dc power supply adapter market analysis from 2022 to 2032 to identify the prevailing ac-dc power supply adapter market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ac-dc power supply adapter market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ac-dc power supply adapter market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- AC-DC Wall Power Adapter
- AC-DC Wall Power Adapter
- Adapter
- Wire
- AC-DC External Plug-in Power Adapter
- AC-DC External Plug-in Power Adapter
- Adapter
- Wire
By Application
- Home Appliances
- Computer and Laptops
- Mobile Phones and Wearable
- Electronics
- Automotive
- Lighting Solutions
- Others
By Industry Vertical
- Consumer Electronics
- Consumer Electronics
- Computer and Mobilephone
- Home Appliance
- Others
- Telecommunications
- Telecommunications
- Telecom
- Cloud Infrastructure
- Data Center
- Food and Beverages
- Food and Beverages
- Appliances
- Payment Devices
- Others
- Medical and Healthcare
- Medical and Healthcare
- Hospital and Clinic
- Medical Equipment
- Military and Aerospace
- Military and Aerospace
- Equipment
- Vehicle
- Industrial
- Industrial
- Manufacturing Unit
- Supply and Transportation
By Sales Channel
- Direct Sales
- Indirect Sales
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Rest of Latin America
- Middle East
- Africa
Key Market Players
- Ametek Inc.
- B&K Precision Corporation
- Chroma ATE Inc.
- Delta Electronics, Inc.
- ETA-USA
- Good Will Instrument Co., Ltd.
- Huawei Technologies Co., Ltd.
- ITECH Electronic Co., Ltd.
- Keysight Technologies
- KIKUSUI ELECTRONICS CORP
- Rohde & Schwarz
- TEKTRONIX, INC.
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Table of Contents
Executive Summary
According to this report, the ac-dc power supply adapter market was valued at $10.9 billion in 2021, and is estimated to reach $23.4 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.The AC-DC Power Supply Adapter Market is likely to experience a significant growth rate of 8.1% from 2022-2031 owing to increasing market demand from consumer electronics sectorThe AC-DC power supply adapter is an electronic device designed to convert alternating current (AC) to direct current (DC). Typically, an electrical outlet serves as the AC power source, which is subsequently converted to DC via the converter. Then, electrical devices like computers, cellphones, and other devices are powered by the DC output. A rectifier circuit, an inductor or transformer, and a regulator circuit are common components of AC-DC adapters. A smooth DC voltage is created by filtering the pulsed DC waveform created by the rectifier circuit using an inductor or transformer. The output voltage and current in power adapters are controlled by the regulator circuit, ensuring a steady and reliable power supply for the powered device.
Key factors driving the growth of the AC-DC power supply adapter market include the advancements in consumer electronics, medical, and automotive sectors paired with technologically advanced AC-DC power supply as an alternative to conventional electric. The surge in technological advancement in smart infrastructure solutions across the retail, healthcare, manufacturing, and automotive sector, coupled with the emergence of the development of 5G network technology is set to propel the adoption of power adapter-based advanced electronics devices. Further, the rise in disposable income paired with the high adoption of in-home entertainment solutions such as digital TV, mini printing machine, Mini scanner, music systems, home theaters, CCTV camera systems, and others is significantly contributing towards the growth of advanced power adapter solutions in consumer electronics. Further, technologically advanced AC/DC power supplies may be used as an alternative to conventional electric loads in certain applications. These power supplies are typically more efficient and reliable than traditional power supplies, and they may be able to operate at lower voltages while still delivering high levels of performance. This can make them well-suited for use in a variety of applications, such as portable electronic devices, industrial equipment, and medical devices.
The market also offers growth opportunities to the key players in the market. The advent of digital transformation and automation has had an impact on the AC-DC power supply adapter industry. One of the main ways in which digital transformation and automation have impacted AC/DC power supply adapters is by increasing the demand for energy-efficient and reliable power supplies. As more devices and systems are connected to the Internet and automated, there is a need for power supplies that are able to deliver high levels of performance while also being energy efficient. In addition, the rise of digital transformation and automation has led to the development of new technologies and innovations in the AC/DC power supply adapter industry.
The AC-DC Power Adapter Supply market is segmented on the basis of type, application, industry vertical, and region. By type the AC-DC power adapter supply market is classified into AC-DC wall power adopter and AC-DC external plug-in power adopter. By application, the market is categorized into home appliances, computer & laptops, mobile phones & wearable, electronics, automotive, and others. By industry vertical, the market is divided into consumer electronics, telecommunication, food & beverages, medical healthcare, military aerospace, and industrial. Region-wise, the AC-DC Power Adapter Supply market trends are analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study include Delta Electronics Inc., Huawei Technologies Co., Ltd., Ametek Inc., Keysight Technologies, and Tektronix, Inc. The players in the market have been actively engaged in the adoption various strategies such as product launch, partnership, collaboration, acquisition, product upgrade, and product development to remain competitive and gain advantage over the competitors in the market. For instance, in October 2022, Tektronix, Inc. announced a product category that revolutionizes PCI Express testing, transforming time to market, cost, and accessibility. The TMT4 Margin Tester breaks conventions of PCIe testing, delivering fast test times. In addition, in August 2022, EVgo Inc. announced that it has entered into a new supply agreement with Delta Electronics, a global provider of power and energy management solutions and leader in EV charging solutions. Under the agreement, Delta supplied EVgo with 1,000 fast chargers with up to 350kW power output, which supports EVgo’s announced project with General Motors (GM) and Pilot Company, as well as other EVgo eXtend and fleet projects.
Key Market Insights
By type, the AC-DC wall power adapter segment was the highest revenue contributor to the market, and is estimated to reach $16.1 billion by 2031, with a CAGR of 7.7%. However, the AC-DC external plug-in power adopter segment is estimated to be the fastest growing segment with the CAGR of 8.9% during the forecast period.By application, the mobile phones & wearable segment dominated the global market, and is estimated to reach $8.98 billion by 2031, with a CAGR of 8.5% and is expected to be the fastest growing segment during the AC-DC wall power adapter Market forecast.
By Industry vertical, the consumer electronics segment accounted the dominated the market in 2021 and is expected to follow the same trend during the forecast period.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for $3.94 billion in 2021, and is estimated to reach $9.48 million by 2031, with a CAGR of 9.2%.
Companies Mentioned
- Ametek Inc.
- B&K Precision Corporation
- Chroma ATE Inc.
- Delta Electronics, Inc.
- ETA-USA
- Good Will Instrument Co., Ltd.
- Huawei Technologies Co., Ltd.
- ITECH Electronic Co., Ltd.
- Keysight Technologies
- KIKUSUI ELECTRONICS CORP
- Rohde & Schwarz
- TEKTRONIX, INC.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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