An In-depth Market Insights of AC DC Power Adapter Market including 100V-120V AC, 200V-240V AC, and 110V-240V AC Covering 30+ Countries like United States, United Kingdom, Germany, France, Norway, Sweden, Saudi Arabia, United Arab Emirates, Japan, Korea, Australia, New Zealand, and Others.

NEWARK, DE / ACCESSWIRE / November 26, 2024 / The global AC DC power adapter market is set to experience significant growth, valued at USD 1,386.5 million in 2024 and projected to reach USD 3,357.5 million by 2034, according to a new market research report. The market is expected to exhibit a compound annual growth rate (CAGR) of 9.2% over the next decade, driven by the rising demand for consumer electronics, growing automation, and the increasing adoption of IoT technologies.

An AC DC power adapter is often referred to as an AC adaptor, a charger, or a power source for electronic gadgets. They are inserted into a wall socket and convert alternating current to a single direct current voltage.

Furthermore, computers make use of a variety of DC voltages. While the AC DC power adapter is the outside of the laptop's power supply. Meanwhile, internal circuitry generates supplementary DC voltages. However, desktop computer power supplies are contained within a single internal device that converts AC to DC voltages. It is also used for various applications, such as producing varying AC voltage rather than DC.

Key Market Drivers
The primary factors propelling the expansion of the AC DC power adapter market include:

• Rising Automation & IoT Integration: The increasing integration of IoT and smart technologies in everyday devices, such as smartphones, laptops, home appliances, and electric vehicles (EVs), has created a surge in demand for efficient and reliable power adapters. These adapters are central to powering a wide range of devices, from telecommunications systems to smart home appliances.

• Smart Homes & Digitalization: The growing trend of smart homes, characterized by interconnected devices like security cameras, smart thermostats, speakers, and other appliances, has further accelerated the need for advanced power solutions. As consumers continue to adopt automation in their homes, power adapters play a vital role in ensuring seamless operation.

• Expansion of the Electric Vehicle (EV) Market: With the rise of EVs, there is an increasing demand for specialized power adapters that can support electric vehicle charging stations, fuel cells, and batteries. This trend is especially prominent in regions like the United States, China, and India, where EV adoption is rapidly increasing.

• E-Commerce Growth: The rise of e-commerce platforms like Amazon and Alibaba has enhanced product visibility and made it easier for consumers to access power adapters. Consumers can now compare prices, read reviews, and choose from a variety of options, driving further demand for these products.

Which Drivers underpin AC DC power adapter Industry Expansion?

An Increase in the Number of Households and Building Automation Frameworks to Accelerate Market Growth

The global AC DC power adapter market is being pushed for a variety of reasons, including an increase in the number of households and building automation frameworks. With the rise in disposable income of people all around the world, so has the need and interest in brighter lighting.

Not only that but there has been an increase in concern for condition assurance, which has increased the demand for power adaptor supplies all around the world. Furthermore, the expanding media transmission segment is likewise founded for the most part smoothly out of intensity. As a result, the dependency of the media transmission division on power adaptors is also increasing. As a result, it is also anticipated that the development of power adaptors will accelerate in the next years.

Regional Insights into the AC DC Power Adapter Market

Key Takeaways from the AC DC Power Adapter Market

• The global AC DC power adapter market is projected to grow from USD 1,386.5 million in 2024 to USD 3,357.5 million by 2034, with a CAGR of 9.2%.

• The rise of automation, IoT integration, and smart home technologies is driving strong demand for power adapters.

• The growing electric vehicle market is fueling the need for specialized power adapters in charging stations and batteries.

• E-commerce platforms are increasing the visibility and accessibility of power adapters, boosting market demand.

• Innovations in smart and energy-efficient adapters are reshaping the market, helping consumers save money and energy.

• 200V-240V AC power adapters are expected to dominate, accounting for 29.7% of the market share in 2024.

Which Factors are limiting the Growth of AC DC Power Adapter Market?

Growing Use of High-Voltage Direct Current to Impede Market Growth

Nonetheless, the growing use of high-voltage direct current (HDVC) and the progress and selection of sustainable power source assets may impede the market's future development.

Aside from that, the security measures imposed by various districts' legislatures and their administrative measures may also hinder the growth of the power adaptors industry.

"The rise of electric vehicles (EVs) and renewable energy sources is creating new opportunities in the power adapter market. Increased EV adoption is driving demand for specialized charging infrastructure, fueling growth in the AC DC adapter sector." - says Sudip Saha Managing Director and Co-Founder at Future Market Insights.

Prominent Drivers of the AC DC Power Adapter Market

• Advancements in Consumer Electronics: The proliferation of smartphones, laptops, tablet, and other electronic gadgets is fueling demand for power adapters.

• Growing Remote Work & Education: The shift towards remote work and online learning has increased reliance on electronic devices, thereby raising demand for power adapters.

• Increasing Use of Smart Appliances: The growing adoption of energy-efficient, connected home appliances is creating more demand for power adapters in residential sectors.

• Demand for Efficient Energy Solutions: Consumers and industries are increasingly seeking energy-efficient power adapters to reduce consumption and lower costs.

• Miniaturization of Electronic Devices: The trend toward smaller, more compact electronic devices is driving innovation in power adapter designs and functionality.

• Industrial Automation & Digitization: Industries increasingly embracing automation and digitalization require specialized power solutions to support advanced machinery and systems.

• Global Electrification Efforts: Initiatives to electrify rural and remote areas, especially in emerging markets, are expanding the demand for power adapters in new regions.

• Electric Vehicle Charging Infrastructure Expansion: The rise of EV charging stations is creating new opportunities for power adapters tailored for vehicle charging needs.

• Technological Advancements in Power Efficiency: Continuous improvements in the efficiency and reliability of power adapters are enhancing their appeal to both consumers and businesses, driving sustained market growth.

Where does the growth of the AC DC power adapter Market in Asia Pacific stand?

Increasing Digitization to fuel Market Growth

The AC DC power adapter market in Asia Pacific is expected to accumulate a significant market share of 15% in 2022 and is expected to continue to maintain the trend over the forecast period as well.

The Asia Pacific region dominates the power adaptors market due to the acceptance of consumer products such as smartphone devices, set-top boxes, HD TVs, entertainment systems, and PCs and laptops as a result of the increasing digitization trend in countries such as China and India. India and China are quickly growing. As a result, it is expected to fuel the expansion of the regional market for AC DC power adapters.

How Will the Growth of the AC DC power adapter Market unfold in Europe?

Increased Demand for Consumer Electronics Devices in the Region to Accelerate Market

The AC DC power adapter market in Europe is expected to accumulate a market share value of 20% in 2022. AC DC power adapters are used in laptops, desktop computers, and other electronic devices to make voltage conversion last longer and enhance energy efficiency. The increased demand for consumer electronics devices in nations like as Germany, the United Kingdom, Russia, and others are driving the region's use of AC DC power adapters. Furthermore, the growing electrification of rural regions is fuelling the expansion of the region's AC DC power adapter market.

The government of European nations such as Germany, France, Norway, and others is expanding their investment and efforts in electronics products. As the use of devices such as smartphones, tablets, and laptop computers grows in European countries, opportunities for AC DC power adapter manufacturers in the region arise. As investment in the electronic industry grows, so do the goods that require switching power supply, which is expected to enhance the AC DC power adapter market in Europe.

Competitive Landscape of the AC DC Power Adapter Market

Manufacturers are focusing on growth strategies to expand their reach to a wider audience. Collaborations with startups and the introduction of new product launches have created significant opportunities across the industry.

Automation has had a transformative impact, driving demand to new heights. The growing trend of automating electronic devices is expected to lead to substantial sales growth. As innovation continues to flourish, both retailers and consumers stand to benefit from these advancements.

Recent Developments in the Market

• February 26th, 2024, Silanna Semiconductor expanded its CO2 Smart Power Family with the launch of an active clamp flyback (ACF) controller. This integrated adaptive digital PWM control with a 700 V primary GaN FET.

• Texas Instruments (TI) expanded its low-power gallium nitride (GaN) portfolio on November 30, 2023. This helped shrink AC/DC power adapters by 50%, improving power density and system efficiency in consumer electronics and industrial systems.

Leading Companies in the AC DC Power Adapter Market

• Belkin International

• MOMAX

• Xiaomi

• ROMOSS

• BULL

• Schneider Electric

• PISEN

• Huntkey

• ASUS

• WorldConnect AG (Skross)

• Kikkerland Design Inc.

• ORICO

• YOOBAO

• Travel Inspira

• BESTEK International

• UGREEN

• Kensington International (ACCO Brands)

• GME Technology

• Shenzhen Flypower Technology

Access the Full Report AC DC Power Adapter Market Trends and Projections Now!
https://www.futuremarketinsights.com/reports/power-adapter-market

Key Segments of Market Report

By Type:

The sector is majorly divided into 100V-120V AC, 200V-240V, and 110V-240V AC, based on type.

By Application:

AC DC power adapter is applied for travel, residential, commercial, and industrial applications.

By Region:

A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.

Author

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting' at the ET Inspiring Leaders Awards 2022.

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