AC-DC Power Supply Adapter Global Market Report 2024

The ac-dc power supply adapter market has grown strongly in recent years. It will grow from $14.01 billion in 2023 to $15.36 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The expansion observed in the historical period can be credited to several factors, including the boom in consumer electronics, globalization and increased trade activities, the trend towards miniaturization and portability, as well as the growth in industrial automation and the revolution in mobile computing.

The ac-dc power supply adapter market is expected to see strong growth in the next few years. It will grow to $21.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be ascribed to regulatory changes, the rise of e-commerce and online retail, the growth of smart home and Internet of Things (IoT) technologies, the expansion of electric vehicles (EVs), and the ongoing transition to renewable energy sources. Major trends expected in the forecast period encompass continued miniaturization and portability, adherence to energy efficiency standards, an increase in IoT devices, integration of renewable energy sources, and the widespread adoption of USB-C and fast charging technologies.

The surge in demand for electronic appliances and gadgets is anticipated to drive the growth of the AC-DC power supply adapter market in the coming years. Electronic appliances and gadgets, designed for specific purposes such as voice recording, music playback, video display, or photo viewing, rely on electric power for their operation. AC-DC power supply adapters serve as a crucial power source for electronic devices such as smartphones, laptops, and home appliances by converting AC voltage from a wall outlet to the DC voltage required for electronic device operation. For instance, a Pew Research Center report in April 2021 revealed that desktop and laptop computer usage remains widespread, with 53% of adults in the US owning a desktop or laptop computer. Additionally, according to the Cisco Annual Internet Report (2018-2023), the projected increase in the number of connected devices per person in the US - from an average of 6.58 in 2018 to 13.6 by 2023 - is indicative of the rising demand for electronic appliances and gadgets. Thus, the increasing demand for these devices is a driving force behind the growth of the AC-DC power supply adapter market.

The expansion of the automotive industry is also expected to contribute significantly to the growth of the AC-DC power supply adapter market. The automotive sector encompasses various organizations involved in the design, development, manufacturing, marketing, sale, and maintenance of motor vehicles. AC/DC power supply adapters play a vital role in automobiles by enabling the operation of diverse electronic devices, appliances, and tools, thereby enhancing comfort, convenience, and overall functionality within vehicles. As indicated by a report from the European Automobile Manufacturers' Association (ACEA) in May 2023, the global production of motor vehicles reached 85.4 million units in 2022, reflecting a 5.7% increase from the previous year. This growth in the automotive industry is a key driver for the AC-DC power supply adapter market.

Technological innovations are emerging as a prominent trend in the AC-DC power supply adapter market, with major companies directing their efforts toward the development of products featuring cutting-edge technologies such as gallium nitride (GaN). This strategic focus on innovation is aimed at solidifying their positions in the market. For instance, in October 2021, Apple Inc., a prominent US-based technology company, unveiled a 140W USB-C power adapter based on gallium nitride (GaN) technology. This power adapter supports USB Power Delivery (USB-PD) 3.1 and is specifically designed for use with Apple's MacBook Pro models featuring a USB-C port, enabling users to charge their laptops more rapidly.

Leading companies in the AC-DC power supply adapter market are also emphasizing the development of innovative adapters, such as the Delta AC-DC Medical Adapter MEA Series, to enhance their market standing. In December 2021, Delta Electronics, a China-based company, expanded its Delta AC-DC Medical Adapter MEA Series by introducing a new compact 90W Output Model. This medical-grade adapter offers four output voltages (12V, 15V, 19V, and 24V) and is 20% smaller than its predecessor. The MEA-090A complies with Efficiency DoE Level VI and ErP Lot 7, achieving efficiency of up to 89%. It is designed for various medical applications, including CPAP, patient monitors, portable ultrasound devices, and medical displays, meeting safety standards such as 2 x MOPP (Means of Patient Protection).

In November 2021, Schneider Electric, a France-based company specializing in the digital transformation of energy management and automation, acquired DC Systems B.V. The acquisition focuses on streamlining Schneider Electric's portfolio and enhancing ease of use and reliability in applications such as building microgrids in unstable public grid environments and long-distance public lighting. DC Systems B.V., based in the Netherlands, specializes in active AC/DC microgrids, DC power conversion, and energy storage systems.

Major companies operating in the ac-dc power supply adapter market report are Delta Electronics Inc., ETA-USA Inc., B&K Precision Corporation, MEAN WELL Enterprises Co. Ltd., TDK Corporation, Keysight Technologies, Kikusui Electronics Corp., Ametek Inc., Chroma ATE Inc., Motorola Solutions Inc., Tektronix Inc., Good Will Instrument Co. Ltd., Huawei Technologies Co. Ltd., Itech Electronic Co. Ltd., Rohde & Schwarz GmbH & Co. KG, AcBel Polytech Inc., Hon Hai Precision Industry Co. Ltd., Lite-On Technology Corporation, Advantech Co. Ltd., Artesyn Technologies, Cincon Electronics Co. Ltd., CUI Inc., Schneider Electric SE, Jeckson Electric Co. Ltd., Zhejiang Petroleum and Chemical Co. Ltd., Astrodyne TDI Corporation, Power Integrations Inc., Phihong Corporation, SL Power Electronics Corp., Wall Industries Inc., GlobTek Inc., Murata Power Solutions Inc., RECOM Power Inc., Vicor Corporation.

North America was the largest region in the AC-DC power supply adapter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global AC-DC power supply adapter market during the forecast period. The regions covered in the ac-dc power supply adapter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ac-dc power supply adapter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

There are two main types of AC-DC power supply adapters, AC-DC wall power adapters and AC-DC external plug-in power adapters. The AC-DC wall power adapter is an external power supply designed specifically to convert alternating current (AC) power from a wall outlet into direct current (DC) power. Output power ranges typically include 5w to 12w, 13w to 24w, 25w to 100w, and above 100w. These adapters find applications in diverse electronic devices such as smartphones and tablets, computers and laptops, wearable devices, home appliances, audio and video devices, medical devices, industrial equipment, telecommunication devices, among others.

The AC-DC power supply adapters market research report provides AC-DC power supply adapters market statistics, including the AC-DC power supply adapters industry global market size, regional shares, competitors with an AC-DC power supply adapters market share, detailed AC-DC power supply adapters market segments, market trends, and opportunities, and any further data you may need to thrive in the AC-DC power supply adapters industry. This AC-DC power supply adapters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The AC-DC power supply adapter market consists of sales of AC-DC open-frame power supply adapters, AC-DC enclosed power supply adapters, and AC-DC DIN rail power supply adapters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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