The Latin America, Middle East and Africa AC-DC Power Supply Adapter Market would witness market growth of 10.1% CAGR during the forecast period (2023-2029).
Consumer electronics is one of the main sectors used for AC-DC power supply, widely employed in many settings and locations. As mandated by the latest international rules to eliminate electrical waste, it is now feasible to attain very high levels of performance in such applications. Additionally, wide-bandgap materials, particularly gallium nitride, create efficient, compact, and heat-dissipation-low devices. Additionally, both high-power and low-power AC-DC power sources are used in industrial settings, ensuring the extremely dependable and secure functioning of industrial devices. High-power AC-DC power supplies are needed for various applications in semiconductor fabrication equipment, such as wire bonders, ion implantation, hardware emulators, and more.
Significant technical advancements have occurred in the power supply industry during the past few decades. The market is expected to grow in the next years due in large part to the increasing demand for these devices for use in low-voltage high-current CPU applications. Due to significant low voltage, conventional electronic loads' drawbacks have rapidly paved the way for these adapters with advanced technology. The market has also benefited greatly from recent improvements in the AC-DC power adapter design.
Brazil was the highest energy-producing country in Latin America in 2020, which produced 439.2 terawatt-hours of electricity. The region's increased power generation will help finance the extension of the AC-DC power supply. In December 2022, the Colombian government announced plans to expand the transmission line in the country's north to connect up to 3,000 MW of renewable energy-producing capacity to the national grid. These energy generation activities have resulted from the higher demand for electricity owing to the widespread use of devices like home appliances as well as the rapid urbanization occurring in the region. Therefore, the region presents lucrative growth prospects for the market in the coming years.
The Brazil market dominated the LAMEA AC-DC Power Supply Adapter Market by Country in 2022, thereby, achieving a market value of $347.8 million by 2029. The Argentina market is showcasing a CAGR of 10.6% during (2023 - 2029). Additionally, The UAE market would register a CAGR of 9.8% during (2023 - 2029).
Based on Application, the market is segmented into Mobile Phones & Wearable, Computer & Laptops, Home Appliances, Electronics, Automotive and Others. Based on Type, the market is segmented into AC-DC Wall Power Adapter and AC-DC External Plug-in Power Adapter. Based on Vertical, the market is segmented into Consumer Electronics, Telecommunications, Industrial, Medical & Healthcare, Military & Aerospace and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide AC-DC Power Supply Adapter Market is Projected to reach USD 17.7 Billion by 2029, at a CAGR of 7.4%
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.
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