WILMINGTON, DE / ACCESSWIRE / March 30, 2023 / Transparency Market Research Inc. - As per market research conducted by TMR, the global AC-DC power supply adapter market was valued at US$ 16.1 Bn in 2022 and is estimated to reach US$ 31.5 Bn by end of 2031. The insights provided by the expert team of TMR educate the CXOs and stakeholders regarding the current market scenario which helps them in understanding the market growth trajectory.
The key areas of research are based on aspects such as competitive landscape, regional insights, emerging trends, and company profiles. Market players exploit these opportunities to upscale marketing strategies, which can further contribute to market growth.
AC-DC power supply adapters are prominently used as external power sources, which can be converted into a voltage, current, and different frequencies. These adapters safeguard humans from DC, which can prove to be hazardous.
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AC-DC power supply adapters play a crucial role in cooling electronic devices. These devices can be connected to smartphones, tablets, laptops, wearable devices, and television sets. The increase in usage of AC-DC power supply adapters in consumer electronics has opened new avenues for market development.
AC-DC Power Supply Adapter Market: Growth Drivers
- Expanding Electronic Products Demand: The COVID-19 pandemic has led to increasing sales of electronic items. Robust growth in sales of computers, laptops, and tablets is fueling the global market. Factors such as penetration of the Internet, work-from-home culture, and rise in disposable income could be attributed to business growth.
- Government Initiatives to Develop IT infrastructure: Government bodies of developing countries across the globe are focusing on upgrading existing businesses and strengthening the IT infrastructure. The application of power modules is expanding in the automotive, transportation, and industrial sectors, which is likely to drive market progress.
Increase in Applications in Healthcare Sector: Surge in demand for AC-DC power supply adapters in healthcare offers lucrative opportunities to market players. The development of miniature medical devices has increased the demand for these adapters. Healthcare professionals are focusing on power supply development and strive to provide AC and DC outputs that can prove to be efficient in running medical equipment efficiently.
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Key Findings of AC-DC Power Supply Adapter Market
Freestanding External Power Adapter Segment to Witness Exponential Growth: The freestanding external power adapter segment is likely to witness robust growth owing to extensive applications in electronic products such as television, tablets, smartphones tablets, and others. Rise in applications of these adapters in industrial process control systems, defense applications, measurement equipment, and medical devices is expected to bolster the segment.
25W-100W Output Power Segment to Account for Major Market Share: The 25W-100W output power segment is anticipated to account for a significant market share during the forecast period. This is ascribed to the high penetration of electronic devices such as tablets, laptops, and smartphones. These devices require quick charging in less time due to their extensive use for work and domestic purposes.
AC-DC Power Supply Adapter Market: Regional Dynamics
Asia Pacific is home to electronic component manufacturers. The consumer electronics industry in the region is growing rapidly. Rise in demand for these products across the world has opened new growth avenues in Asia Pacific. Consumer preference for advanced electronic products and the rise in usage of digital media is expected to augment the market in the region in the next few years. Furthermore, the increase in sales of electronic items has created immense growth opportunities in the global market. Hence, Asia Pacific is likely to dominate the global industry. The market in North America is expected to experience robust growth during the forecast period due to an increase in the adoption of smart household devices. The region is a hub for research and development activities. This has increased North America's market size.
AC-DC Power Supply Adapter: Competitive Landscape
Key players operating in the global market are concentrating on rigorous R&D to simplify the processes and accelerate the development of novel applications with innovative features to attract consumer attention. Novel product launches, such as wireless charging stands and fast charging devices, are likely to augment the global AC-DC power supply adapter market.
Key Points from TOC:
1.1. Market Introduction
1.2. Market and Segments Definition
1.3. Market Taxonomy
1.4. Research Methodology
1.5. Assumption and Acronyms
2. Executive Summary
2.1. Global AC-DC Power Supply Adapter Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.5. Key Trends
3.6. Regulatory Scenario
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview - Global Power Supply Industry Overview
4.2. Supply Chain Analysis
4.3. Pricing Analysis
4.4. Technology Evolution Roadmap
4.5. Industry SWOT Analysis
4.6. Porter's Five Forces Analysis
4.7. COVID-19 Impact and Recovery Analysis
5. Global AC-DC Power Supply Adapter Market Analysis, by Type
5.1. AC-DC Power Supply Adapter Market Size (US$ Bn) and Volume (Billion Units) Analysis & Forecast, by Type, 2017-2031
5.1.1. Freestanding External Power Adapter
5.1.2. Wall Mount Power Adapter
5.2. Market Attractiveness Analysis, by Type
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Leading players operating in the market are
- Jeckson Electric Company
- Motorola Solutions, Inc.
- XP Power
- MEAN WELL Enterprises Co, Ltd.
- Schneider Electric TDK Corporation
- Artesyn Technologies
- Advantech Co.
AC-DC Power Supply Adapter: Segmentation
- Freestanding External Power Adapter
- Wall Mount Power Adapter
By Output Power
- Above 100 W
- Smartphones & Tablets
- Computers & Laptops
- Wearable Devices
- Home Appliances
- Audi/Video Devices
- Medical Devices
- Industrial Equipment
- Telecommunication Devices
- Others (personal care, devices, power tools, and others)
By End-Use Industry
- Consumer Electronics,
- Healthcare Telecommunication
- Others (automotive, defense, avionics, etc.)
- North America
- Latin America
- Asia Pacific
- Middle East& Africa
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