Categories: Market Research

AC-DC Power Supply Adapter Market Growth Outlook Through 2024-2033

Overview and Scope
AC-DC power supply adapter refers to an electrical device that transforms energy from a grid-based power source to a different current, frequency, and voltage. This adapter is composed of an enclosure, a transformer, an inductor, a capacitor, a controller IC, and a printed circuit board which are used to convert alternating current (AC) into the required direct current (DC).

Sizing and Forecast
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..

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Segmentation & Regional Insights
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

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

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Major Driver Impacting Market Growth
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.

Key Industry Players

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

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

1. Executive Summary

2. AC-DC Power Supply Adapter Market Characteristics

3. AC-DC Power Supply Adapter Market Trends And Strategies

4. AC-DC Power Supply Adapter Market – Macro Economic Scenario

5. Global AC-DC Power Supply Adapter Market Size and Growth

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31. Global AC-DC Power Supply Adapter Market Competitive Benchmarking

32. Global AC-DC Power Supply Adapter Market Competitive Dashboard

33. Key Mergers And Acquisitions In The AC-DC Power Supply Adapter Market

34. AC-DC Power Supply Adapter Market Future Outlook and Potential Analysis

35. Appendix