PUBLISHER: Allied Market Research | PRODUCT CODE: 1365624
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365624
According to a new report published by Allied Market Research, titled, "AC-DC Power Supply Adapter Market," The ac-dc power supply adapter market was valued at $10.9 billion in 2021, and is estimated to reach $23.4 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.The AC-DC Power Supply Adapter Market is likely to experience a significant growth rate of 8.1% from 2022-2031 owing to increasing market demand from consumer electronics sector - Allied Market Research
The AC-DC power supply adapter market is anticipated to expand significantly during the forecast period owing to surge in demand for efficient and low-voltage high-current processors, increase in advancements in consumer electronics, medical, and automotive sectors, and technologically advanced AC-DC power supply as an alternative to a conventional electric load. In addition, during the forecast period, the AC-DC Power supply adapter market is anticipated to benefit from the advent of digital transformation and automation for AC-DC power supply adapters. On the contrary, the surge in mandatory safety standards and compliance with regulations is the prime restraint for AC-DC power supply adapter market growth during the forecast period.
The AC-DC power supply adapter market is segmented on the basis of type, application, industry vertical, sales channel, and region. On the basis of type, the market is bifurcated into AC-DC wall power adapter and AC-DC external plug-in power adapter. In 2022, the AC-DC wall power adapter segment dominated the market, in terms of revenue, and it is expected to acquire a major market share till 2032. On the basis of application, the market is segregated into home appliances, computer and laptop, mobile phones and wearable, electronics, automotive, lighting solutions, and others.
The mobile phones and wearable segment acquired the largest share in 2022 and is expected to grow at a significant CAGR from 2022 to 2032. On the basis of industry vertical, the market is divided into consumer electronics, telecommunications, food & beverages, medical & healthcare, military & aerospace, and industrial. The consumer electronics segment acquired the largest share in 2022 and food & beverages segment is expected to grow at a significant CAGR from 2022 to 2032. On the basis of sales channel, the market is classified into direct sales and indirect sales. The direct sales segment acquired the largest share in 2022 and is expected to grow 2022 to 2032.
Region-wise, the AC-DC Power supply adapter market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (France, Germany, Italy, UK, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and rest of Asia-Pacific), and LAMEA (Brazil, rest of Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global AC-DC power supply adapter market players that have been provided in the report include Ametek Inc., B&K Precision Corporation, Delta Electronics, Inc., ETA-USA, Huawei Technologies Co., Ltd., ITECH ELECTRONIC CO., LTD., Keysight Technologies, KIKUSUI ELECTRONICS CORP, Rohde & Schwarz, and TEKTRONIX, INC. The key strategies adopted by the major players of the AC-DC power supply adapter market are product launch, business expansion, acquisition, and product development.
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