AC-DC Power Supply Adapters Navigating Market Growth, Challenges & Opportunities
A research report by Spherical Insights & Consulting projects that the global AC-DC power supply adapter market will grow from USD 10.15 billion in 2022 to USD 21.79 billion by 2032, achieving a compound annual growth rate (CAGR) of 7.94% during the forecast period.
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Electrical devices require power from an external source to function, and AC-DC power supply adapters are electronic devices that adjust the frequency, current, and voltage of this power to meet specific requirements. These adapters also act as a safety barrier, as DC current can be harmful to the human body. Chargers, which are a form of AC-DC power supply adapter, can serve as external adapters, and by housing power components in an external AC adapter, manufacturers can reduce the size of the device. AC-DC adapters are crucial components in the charging infrastructure of consumer electronics, making the consumer electronics industry a major user of these adapters. They are commonly used in devices like smartphones, computers, and various other electronic products. The adoption of electronic devices has surged in recent years, fueled by rising disposable income, greater affordability, and increased awareness of digital technologies. Additionally, the growing popularity of home and building automation systems is further driving the demand for AC-DC power supply adapters. A key factor contributing to market growth is the improved performance of portable consumer electronics and computing devices.
Browse?key industry insights spread across 200?pages with 120?market data tables and figures & charts from the report on?the?"Global AC-DC Power Supply Adapter Market Size, Share, and COVID-19 Impact Analysis, By Type (AC-DC External Plug-in Power Adapter, AC-DC Wall Power Adapter), By Application (Home Appliances, Computer and Laptops, Mobile Phones, Electronics, Automotive, Others), By Industry Vertical (Consumer Electronics, Medical and Healthcare, Military and Aerospace, Industrial, Food and Beverages, Telecommunications, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032."?
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AC-DC External Plug-in Power Adapter Segment Leads the Market
The global AC-DC power supply adapter market is segmented into AC-DC external plug-in power adapters and AC-DC wall power adapters. Among these, the AC-DC external plug-in power adapter segment holds the largest revenue share and is expected to continue dominating the market throughout the forecast period. External plug-in power adapters are more popular than wall-mounted adapters due to their numerous advantages, including addressing concerns about weight, size, heat management, and electrical noise reduction. These adapters are particularly beneficial for electronic products requiring an external power source, making them ideal for use in the field or on the go, as they can be powered by various sources such as 120 VAC, 240 VAC, 12 VDC, or an external battery pack.
Home Appliances Segment to Capture Largest Market Share
Based on application, the global AC-DC power supply adapter market is categorized into home appliances, computers and laptops, mobile phones, electronics, automotive, and others. The home appliances segment is expected to hold the largest market share during the forecast period. Home appliances require higher power density and faster control loop response speeds to enhance device power supply stability. DC power supply plays a crucial role in ensuring the normal operation of white goods and maintaining the consistent and secure functioning of internet-enabled home appliances.
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Consumer Electronics Segment to See Significant Growth
The market is also segmented by vertical industry, including consumer electronics, medical and healthcare, military and aerospace, industrial, food and beverages, telecommunications, and others. Among these, the consumer electronics segment is expected to witness significant growth over the forecast period. AC-DC power adapters are essential for charging consumer electronics devices, making this industry a major consumer of these adapters. With the increasing adoption of electronic devices, including cell phones, computers, and various other products, the demand for AC-DC power adapters is expected to continue rising.
North America dominates the market with the largest market share over the forecast period.
North America is expected to dominate the AC-DC power supply adapter market, holding the largest market share throughout the forecast period. The United States and Canada make up the majority of this market. The U.S. semiconductor industry has maintained its leadership in market share for several decades, contributing significantly to the region's dominance. In recent years, the adoption of smart home devices, ranging from lighting and doorbells to refrigerators, has surged in North America. This growing use of smart homes and IoT devices has driven an increase in demand for AC-DC power adapters. Additionally, rising energy costs are expected to further fuel the demand for smart home.
Key Market Developments
In June 2022, Delta introduced the C6 60W USB-C adapter for Innergie’s flagship products. The C6 adapter utilizes Gallium Nitride (GaN) technology to enhance charging efficiency, offering up to 91.5% efficiency for consumers. Compared to Innergie's previous 60C Pro generation adapters, the C6 reduces the operating temperature by 10°F during full load 60W charging.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global AC-DC power supply adapter market based on the below-mentioned segments:
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AC-DC power supply adapter Market, Type Analysis
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AC-DC power supply adapter Market, Application Analysis
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AC-DC power supply adapter Market, Industry Vertical Analysis
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AC-DC power supply adapter Market, Regional Analysis
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