AC DC Power Supply Adapter Market

• The rising demand for energy-efficient power supplies for consumer electronics is driving the market growth

One of the main drivers propelling the market's expansion is the rising need for energy-efficient power supply for consumer electronics, which is coupled with the global trend towards industrial automation. The extensive use of wireless communication systems in sectors including telecommunications, aerospace, and defence is also contributing to the market's expansion. The need for an AC-DC power supply adapter increases with the necessity for exact voltage supply that is stabilised over fluctuations for electronic systems in industrial units.

Additionally, they are used to test digital interfaces, on-board chargers, charging stations, fuel cells, and batteries for automobiles. Other growth-promoting elements include a number of technological developments, such as the Internet of Things (IoT), which connects electrical gadgets. In order to maintain a continuous supply of voltage, many gadgets, including laptops, smartphones, and tablets, rely on AC-DC power supply adapters. This facilitates their need. It is projected that further factors, such as the creation of programmable AC-DC power supply adapters and major advancements in IT infrastructure, will fuel market growth.

There have been considerable technological advancements in the power supply business during the past 20 years. A significant factor that will probably propel the AC-DC power supply adapter market forward throughout the forecast period is the rising demand for AC-DC power supply adapters for usage in low-voltage high-current processor applications. Technology-improved AC-DC power supply converters have progressively lead the way since the relatively low voltage limits the capabilities of the conventional electronic load. The market for AC-DC power supply adapters has also seen a considerable uptick as a result of recent developments in their design.

Sales in the global semiconductor industry have recently followed the effects of the financial crisis, the subsequent economic recovery, and current economic volatility. Slow growth in the semiconductor industry is anticipated to limit the global growth of the AC-DC Power Adapters market.

Lack of technical development is one of the main reasons that could restrict the market's growth in the near future because AC-DC power adapters are crucial to many new technologies and gadgets, including electric cars, smart devices, and others. Additionally, the growth of many sectors in the region is being restricted by lower investment in research and development by various countries, which, in turn, is restricting the growth of AC-DC power adapters in the region. These regional producers are increasing the supply of domestic goods on the international market while satisfying consumer demand.

Since they are constructed of low-grade materials, AC-DC power supply adapters provide low-quality final goods. It's a test for the universal AC-DC power supply adapter. As a result of IoT technological breakthroughs, AC-DC power supply adapters can now enter the market with much lower power outputs of just a few watts.

Due to the rise in demand for effective, low-voltage, high current processors, the AC-DC Power Supply Adapter Market is anticipated to expand significantly during the forecast period. Moreover, the future for the AC-DC power adapter supply market is significantly influenced by developments in the consumer electronics, healthcare, and automotive industries. Furthermore, it is anticipated that technologically upgraded AC-DC power supplies would influence the future of the AC-DC power supply adapter market as a replacement for traditional electric loads. Thus, driving the AC-DC Power Supply Adapter market revenue.

The increasing proliferation of consumer electronics such as smartphones, laptops, and tablets is a primary driver of the Global AC-DC Power Supply Adapter Market Industry. As these devices require efficient power supply solutions, the demand for AC-DC adapters is expected to surge. In 2024, the market is projected to reach 18.7 USD Billion, reflecting the growing reliance on portable and smart devices. Furthermore, the trend towards smart homes and IoT devices is likely to further amplify this demand, as more electronic devices require reliable power sources to function effectively.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America AC-DC Power Supply Adapter Market dominated this market in 2022 (45.80%). North America is mostly made up of the US and Canada. In terms of overall sales market share during the past few decades, the US semiconductor sector has consistently held the top spot. The adoption of smart home appliances in North America has increased dramatically over the past several years, ranging from lighting to doorbells and refrigerators.

The need for AC-DC power adapters in the area has also been driven by an increase in the applications of smart homes and IoT devices. Further, the U.S. AC-DC Power Supply Adapter market held the largest market share, and the Canada AC-DC Power Supply Adapter market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: AC-DC POWER SUPPLY ADAPTER MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe AC-DC Power Supply Adapter market accounted for the healthy market share in 2022. This is because the market for AC adapters has undergone technological breakthroughs, which will increase the use of AC adapters. Further, the German AC-DC Power Supply Adapter market held the largest market share, and the U.K AC-DC Power Supply Adapter market was the fastest growing market in the European region

The Asia Pacific AC-DC Power Supply Adapter market is expected to register significant growth from 2023 to 2032. The market is anticipated to be driven by factors including the digitalization of the educational system, online retail, and the ongoing growth of social networking in North America. Moreover, China’s AC-DC Power Supply Adapter market held the largest market share, and the Indian AC-DC Power Supply Adapter market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the AC-DC Power Supply Adapter market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, AC-DC Power Supply Adapter Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global AC-DC Power Supply Adapter Industry to benefit clients and increase the market sector. In recent years, the AC-DC Power Supply Adapter Industry has offered some of the most significant advantages to medicine.

Major players in the AC-DC Power Supply Adapter market, including B&K Precision Corporation, Rohde & Schwarz, Keysight Technologies, Chroma ATE Inc., Good Will Instrument Co., Ltd., Delta Electronics, Inc., ITECH ELECTRONIC CO., LTD., TEKTRONIX, INC., Ametek Inc., ETA-USA, Huawei Technologies Co., Ltd., and KIKUSUI ELECTRONICS CORP, are attempting to increase market demand by investing in research and development operations.

Fujitsu Ltd (Fujitsu) provides information and communications technology (ICT) solutions. It offers a range of PCs, servers, networking systems, storage devices, electrical devices, and associated products. It operates throughout the Middle East, Africa, the Americas, Europe, and Asia-Pacific. Fujitsu's corporate headquarters are located in Minato-Ku, Tokyo, Japan. In December 2015, Fujitsu Laboratories Ltd. introduced the smallest and most powerful AC adapter in the world, which employs high electron-mobility transistors (HEMT) and gallium nitride (GaN) power components to charge mobile gadgets like smartphones exceptionally quickly.

Belkin International, Inc. develops, produces, and sells electrical connectivity accessories for MP3 players and computers. The company offers add-ons for media players, laptops, wired and wireless networking gear, home theatre gear, server room and mounts, LCD rack mount consoles, government solutions, cabled and desktop KVM solutions, KVM accessories, and extenders, cablesm, USB and firewire hubs, gaming gear, and upgrade cards. California serves as the company's US headquarters. In October 2022, Belkin International released the 3-Outlet Power Cube on Amazon.com.

One small product combines three AC outlets and three USB-A connectors, and Amazon gives the business access to a huge market for its sales.