AC-DC Power Supply Adapter Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The AC-DC Power Supply Adapter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s AC-DC Power Supply Adapter Global Market Report 2024, The ac-dc power supply adapter market size 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 growth in the historic period can be attributed to consumer electronics boom, globalization and trade, miniaturization and portability trends, industrial automation growth, mobile computing revolution..

The ac-dc power supply adapter market size 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 growth in the forecast period can be attributed to regulatory changes, e-commerce and online retail, smart home and iot growth, electric vehicle (ev) expansion, transition to renewable energy.. Major trends in the forecast period include miniaturization and portability, energy efficiency standards, rise in iot devices, renewable energy integration, usb-c and fast charging..

The increasing demand for electronic appliances and gadgets is expected to propel the growth of the AC-DC power supply adapter market going forward. Electronic appliances and gadgets refer to devices that are designed for a specific purpose such as voice recording, music playback, video display, or photo viewing, and require electric power to function. AC-DC power supply adapters are used as a source of power for electronic devices such as smartphones, laptops, and home appliances by converting the AC voltage from a wall outlet to the DC voltage on which electronic devices operate. For instance, in April 2021, according to a Pew Research Center report, a US-based nonpartisan organization, the use of desktop and laptop computers is still widespread, in the US, 53% of adults own a desktop or laptop computer as of 2021. Moreover, according to Cisco Annual Internet Report (2018–2023), in the US, the number of connected devices per person is projected to reach 13.6 (average) by 2023, up from 6.58 (average) in 2018. Therefore, the increasing demand for electronic appliances and gadgets is driving the growth of the AC-DC power supply adapter.

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The ac-dc power supply adapter market covered in this report is segmented –

1) By Type: AC-DC Wall Power Adapter, AC-DC External Plug-in Power Adapter

2) By Output Power: 5W – 12W, 13W – 24W, 25W – 100W, Above 100W

3) By Application: Smartphones And Tablets, Computers And Laptops, Wearable Devices, Home Appliances, Audio And Video Devices, Medical Devices, Industrial Equipment, Telecommunication Devices, Other Applications

Technological innovations are the key trend gaining popularity in the AC-DC power supply adapter market. Major companies operating in the AC-DC power supply adapter market are concentrating their efforts on developing products using innovative technologies such as gallium nitride (GaN) technology to strengthen their position in the market. For instance, in October 2021, Apple Inc., a US-based technology company, launched a 140W USB-C power adapter, a new power adapter that is based on gallium nitride, or GaN technology. The power adapter can support SB Power Delivery (USB-PD) 3.1 and is designed to work with Apple’s MacBook Pro models with a USB-C port, allowing users to charge their laptops faster.

The ac-dc power supply adapter market report table of contents includes: