Press release
AC-DC Power Supply Adapter Market Outlook 2024: Exclusive Report By The Business Research Company | Delta Electronics Inc., ETA-USA Inc., B&K Precision Corporation, MEAN WELL Enterprises Co. Ltd
AC-DC Power Supply Adapter Market Characteristics
The Business Research Company offers in-depth market insights through AC-DC Power Supply Adapter Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - Ac-Dc Power Supply Adapters' Surge Amidst Rising Demand For Electronic Devices
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.
Competitive Landscape:
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
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Top Trend - Innovative Power Solutions With Gan Technology Revolutionizing Ac-Dc Power Supply Adapter Market
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 Table Of Content For The Market Report 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
…..
27. AC-DC Power Supply Adapter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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