The Global AC-DC Power Supply Adapter Market size is expected to reach $17.7 billion by 2029, rising at a market growth of 7.4% CAGR during the forecast period.
Computer and laptops are one of the largest applications of AC-DC Power Supply Adapter, and is expected to generate approximately 1/5th share of the market by 2029 as Computers and laptops need AC-DC power supply converters to change the AC voltage from the wall socket into the DC voltage required by the internal components of the computer. Some of the factors impacting the market are increasing demand for numerous consumer electronics, rising demand for AC-DC power supply adapters in medical equipment, and increasing use of alternatives and standardized adapters.
Globally, the average person's income is rising, enabling them to spend more on real estate as well as furnish their houses with cutting-edge technology. This has led to an increasing use of smart devices in homes. As a result, product consumption is projected to rise as more cutting-edge household items hit the market. The use of AC-DC power supply adapters in various medical equipment is increasing. The market players now have prospects for growth due to technological developments in medical equipment. For example, an extremely low DC or AC source is needed to operate the latest miniature medical devices, which are still being developed.
However, USB power delivery is a fast-charging standard that allows devices to receive higher power levels through USB ports. This standard enables devices to be charged directly through USB connections without needing AC-DC power supply adapters. Likewise, adopting wireless charging technology can reduce the reliance on these adapters. Therefore, this factor may limit the market's future growth.
Based on type, the market is categorized into AC-DC wall power adapter and AC-DC external plug-in power adapter. -DC external plug-in power adapter converts AC to DC, typically for the purpose of powering electronic equipment. It is made up of a DC socket, an AC plug, and an electrical cord. The "wall wart" style of AC-DC external plug-in power supply adapter is the type that is most frequently used.
On the basis of application, the market is divided into home appliances, computer & laptops, mobile phones & weThe AC-DC external plug-in power adapter segment procured a considerable growth rate in the market in 2022. An electrical device known as an ACarable, electronics, automotive, and others. The mobile phones and wearable segment acquired the largest revenue share in the market in 2022. In order to power mobile phones as well as wearable technology, AC-DC power supply adapters are needed. The power adapter changes the outlet's AC electricity into the DC power the wearable or mobile device needs. Additionally, the adapter controls the voltage to the appropriate level for the gadget. The mobile phone and wearable devices couldn't work without a power adaptor. As the use of these devices is increasing, it is boosting the growth of the segment.
By vertical, the market is segmented into consumer electronics, telecommunications, medical & healthcare, military & aerospace, industrial, and others (food & beverages). The consumer electronics segment garnered the maximum revenue share in the market in 2022. There are numerous varieties of AC-DC power supply adapters on the market. Some of these power supply adapters are used to power home entertainment equipment, including televisions, DVD players, and gaming consoles. Increasing urbanization has led to a rise in the need for home appliances. Many consumers electronic products have become a standard necessity in households nowadays. Therefore, as the demand for such products is increasing, it is augmenting the development of the market.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 10.9 Billion |
| Market size forecast in 2029 | USD 17.7 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2029 |
| Revenue Growth Rate | CAGR of 7.4% from 2023 to 2029 |
| Number of Pages | 243 |
| Number of Table | 400 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Application, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region recorded the highest revenue share in the market in 2022. The AC-DC power adapter supply market continues to be significantly dominated by Asia Pacific, particularly China. The expansion of the market in this region is being driven by major organizations as well as government institutions in the region that have invested a large number of resources in the creation of improved portable gadgets. Additionally, the significant consumer base that the region holds provides immeasurable growth prospects for the market.
Free Valuable Insights: Global AC-DC Power Supply Adapter Market size to reach USD 17.7 Billion by 2029
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Delta Electronics, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Ametek, Inc., Keysight Technologies, Inc., Fortive Corporation (Tektronix, Inc.), Rohde & Schwarz GmbH & Co. KG, B&K Precision Corporation, ITECH ELECTRONIC CO., LTD., Chroma ATE Inc., and Good Will Instrument Co., Ltd.
By Application
By Type
By Vertical
By Geography
The Market size is projected to reach USD 17.7 billion by 2029.
Increasing demand for numerous consumer electronics are driving the Market in coming years, however, Increasing use of alternatives and standardized adapters restraints the growth of the Market.
Delta Electronics, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Ametek, Inc., Keysight Technologies, Inc., Fortive Corporation (Tektronix, Inc.), Rohde & Schwarz GmbH & Co. KG, B&K Precision Corporation, ITECH ELECTRONIC CO., LTD., Chroma ATE Inc., and Good Will Instrument Co., Ltd.
The AC-DC Wall Power Adapter market is leading the Global AC-DC Power Supply Adapter Market by Type in 2022 thereby, achieving a market value of $12.4 billion by 2029.
The Telecommunications market has shown the high growth rate of 7.1% during (2023 - 2029).
The Asia Pacific market dominated the Global AC-DC Power Supply Adapter Market by Region in 2022 thereby, achieving a market value of $6.5 billion by 2029.
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