How Has the AC-DC Power Supply Adapter Market Size Evolved in Recent Years?
The ac-dc power supply adapter market has seen considerable growth due to a variety of factors.
•There has been a significant expansion in the AC-DC power supply adapter market size in recent years. The market, which is valued at $15.11 billion in 2024, is projected to rise to $16.41 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.6%.
Factors such as the surge in consumer electronics, globalization and trade, trend towards miniaturization and portability, growth in industrial automation and the revolution in mobile computing have all contributed to the impressive growth witnessed during the historic period.
What are the Market Size and Expected Growth Rates for the AC-DC Power Supply Adapter Market?
The ac-dc power supply adapter market is expected to maintain its strong growth trajectory in upcoming years.
• The market for AC-DC power supply adapters is projected to experience significant growth in the coming years, ballooning to a value of $22.88 billion by 2029 with a CAGR of 8.7%.
This growth trajectory in the forecasted period can be linked to factors such as legislative modifications, expansion of e-commerce and online retailing, advances in smart homes and IoT, increased adoption of electric vehicles (EVs), and a shift towards renewable energy. Notable trends during the forecasted period feature aspects like miniaturization and portability, adherence to energy efficiency standards, an upsurge in IoT appliances, integration of renewable energy, and the utilization of USB-C and rapid charging techniques.
Which Key Drivers Are Propelling The AC-DC Power Supply Adapter Market's Growth?
The surge in necessity for electronic devices and gadgets is anticipated to boost the expansion of the AC-DC power supply adapter market in the future. Electronic appliances and gadgets signify specific purpose devices such as voice recorders, music players, video displays, or image viewers, all of which require electrical energy to operate. AC-DC power supply adapters act as the power source for electronic devices like smartphones, notebooks, and household appliances by transforming the AC voltage from a wall socket to the DC voltage, the working voltage for these devices. For instance, Demandsage, a US-based reporting platform that utilizes data science for genuine insights, reported in December 2023 that as of 2022, the total number of smartphone users globally was around 6.6 billion. This figure shows an increase of 4.2% from the past year. Hence, the rising demand for electronic devices and gadgets is propelling the growth of the AC-DC power supply adapter market.
What Are The Key Segments Within The Global AC-DC Power Supply Adapter Market?
The AC-DC power supply adapter market covered in this report is segmented –
1) By Type: AC-DC Wall Power Adapter, AC-DC External Plug-in Power Adapter
2) By Output Power: 5W - 12W, 13W - 24W, 25W - 100W, Above 100W
3) By Application: Smartphones And Tablets, Computers And Laptops, Wearable Devices, Home Appliances, Audio And Video Devices, Medical Devices, Industrial Equipment, Telecommunication Devices, Other Applications
Subsegments:
1) By AC-DC Wall Power Adapter: Fixed Output Wall Power Adapter, Multi-Output Wall Power Adapter
2) By AC-DC External Plug-In Power Adapter: Single Output Plug-In Adapter, Multiple Output Plug-In Adapter
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How Are New Trends Impacting The Size Of The AC-DC Power Supply Adapter Market?
Top-tier corporations in the AC-DC power supply adapter marketplace are concentrating on generating highly advanced tech solutions like remote management capabilities for overseeing and controlling power delivery. Remote control entails the potential to manage and monitor power supply frameworks remotely, enhancing simplicity of use, accessibility, and effectiveness. For example, in January 2024, Mornsun, a company from China specializing in electronics, introduced the LBH300-138xx. This product, a highly efficient half-brick AC/DC power supply, has been tailored specifically for telecom applications and operates within a substantial input voltage scope of 85-305 VAC. Constructed to function reliably in rigorous environments, it can withstand temperature fluctuation between -40°C and +100°C. This power supply is equipped with sturdy protection features, including protection from input under voltage, output over voltage, current, and short circuit, to guarantee safety and dependability.
Who Are the Key Players in the AC-DC Power Supply Adapter Market?
Major companies operating in the AC-DC power supply adapter market include:
• Delta Electronics Inc.
• ETA-USA Inc.
• B&K Precision Corporation
• MEAN WELL Enterprises Co. Ltd.
• TDK Corporation
• Keysight Technologies
• Kikusui Electronics Corp.
• Ametek Inc.
• Chroma ATE Inc.
• Motorola Solutions Inc.
• Tektronix Inc.
• Good Will Instrument Co. Ltd.
• Huawei Technologies Co. Ltd.
• Itech Electronic Co. Ltd.
• Rohde & Schwarz GmbH & Co. KG
• AcBel Polytech Inc.
• Hon Hai Precision Industry Co. Ltd.
• Lite-On Technology Corporation
• Advantech Co. Ltd.
• Artesyn Technologies
• Cincon Electronics Co. Ltd.
• CUI Inc.
• Schneider Electric SE
• Jeckson Electric Co. Ltd.
• Astrodyne TDI Corporation
• Power Integrations Inc.
• Phihong Corporation
• SL Power Electronics Corp.
• Wall Industries Inc.
• GlobTek Inc.
• Murata Power Solutions Inc.
• RECOM Power Inc.
• Vicor Corporation
What are the Regional Insights into the AC-DC Power Supply Adapter Market?
North America was the largest region in the AC-DC power supply adapter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global AC-DC power supply adapter market during the forecast period. The regions covered in the ac-dc power supply adapter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
