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AC-DC Power Supply Adapter Market 2023 - By Share, Growth, Business Development And outlook By 2032
AC-DC Power Supply Adapter Market
The Business Research Company's AC-DC Power Supply Adapter Global Market Report 2023 identifies increasing demand for electronic appliances and gadgets as the major driver for the AC-DC Power Supply Adapter market's growth in the forecast period. 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.
The global AC-DC power supply adapter market size is expected to grow from $12.73 billion in 2022 to $14.01 billion in 2023 at a compound annual growth rate (CAGR) of 10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AC-DC power supply adapter market size is expected to reach $19.62 billion in 2027 at a CAGR of 8.8%.
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Major competitors in the AC-DC Power Supply Adapter market are Delta Electronics Inc., ETA-USA Inc., B&K Precision Corporation, MEAN WELL Enterprises Co. Ltd., TDK Corporation, Keysight Technologies.
A key trend in the AC-DC Power Supply Adapter market includes product innovations. 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.
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The AC-DC Power Supply Adapter market is segmented -
• By Type: AC-DC Wall Power Adapter, AC-DC External Plug-in Power Adapter
• By Output Power: 5W - 12W, 13W - 24W, 25W - 100W, Above 100W
• By Application: Smartphones And Tablets, Computers And Laptops, Wearable Devices, Home Appliances, Audio And Video Devices, Medical Devices, Industrial Equipment, Telecommunication Devices, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AC-DC Power Supply Adapter market.
The Business Research Company's "Global AC-DC Power Supply Adapter Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AC-DC Power Supply Adapter Market Include:
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. AC-DC Power Supply Adapter Market Size And Growth
…………………………………..
26. Africa AC-DC Power Supply Adapter Market
27. AC-DC Power Supply Adapter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AC-DC Power Supply Adapter Market
29. AC-DC Power Supply Adapter Market Future Outlook and Potential Analysis
30. Appendix
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