Global AC DC Power Adapter Market Growth, Business Strategies and Forecast by 2026 | Exclusive Report by Facts Factors
According to Facts & Factors, the global AC DC power adapter market size in terms of revenue was worth around USD 830 million in 2019 and is expected to reach USD 1854 million by 2026, growing at a CAGR of 12.7% from 2020 to 2026. The global AC DC power adapter market is projected to grow at a significant growth rate due to a number of driving factors.
Economic Development, Consumer Electronics Growth, and Rising Investment in Research and Development in IoT Applications Drive the Global AC DC Power Adapter Market.
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An AC DC power adapter is an external power supply that converts alternating current (AC) power to direct current (DC) power that can be used by alternating current (DC) devices. These are used by devices that cannot be powered by a standard power supply, which is typically alternating current (AC). Because these devices cannot derive voltage and power from the mains supply, they require external circuitry to generate useful power. Ac dc adapters are used by both devices that do not have a power supply and those that are powered by a rechargeable battery. Conventional adapters reduce the voltage, convert it to dc, and supply it to the device.
Traditional adapters reduce the mains voltage to the required level, convert it to dc, and supply it to devices. The use of adapters allows the device to be portable without the use of bulky components, and the same device can be powered from a 120 VAC or 230 VAC mains, vehicle, or aircraft battery by using a different adapter. Another advantage of these designs is increased safety, because the hazardous 120 or 240-volt mains power is converted to a lower, safer voltage at the wall outlet, and the appliance that the user is handling is powered by this lower voltage.
It has been observed that the global number of connected devices is increasing exponentially; it is projected that the number of IoT devices will be 43 billion in 2023, roughly thrice the level in 2018. IoT technological advancement will make it easier to implement IoT solutions, opening the door to a wide range of applications. The majority of these developments will benefit small and medium-sized businesses. Because of the increase in IoT applications, low power ac dc power adapters will be required.
Because only a few watts are required, these adapters should be low power. It should also be small in order to accommodate the space constraints of compact IoT sensor and RF modem solutions. It should also be able to handle a wide range of load current variations as the IoT node switches from active to sleep mode. Though smartphone shipments have decreased due to the COVID 19 anomaly, they are expected to increase as the smartphone market is not yet saturated. A high demand for ac dc adapters will result from a high demand for smartphones. Recent developments, such as the GaN adapter, are also increasing demand for adapters due to their high power.
Key Market Players:
ETA-USA, Delta Electronics, Inc., and Huawei Technologies Co., Ltd. MEAN WELL, Tektronix, Matsusada Precision, Kikusui Electronics, and Itech Electronics, AMETEK, Keysight Technologies, TDK Lambda, Chroma ATE, Good Will Instrument, Rohde & Schwarz, and B&K Precision, MEAN WELL, Tektronix, Matsusada Precision, Kikusui Electronics, and Itech Electronics
The rise of consumer electronics and smartphones is expected to drive demand for AC DC Power Adapters. During the forecast period, the consumer electronics market will be primarily driven by rising global demand for smartphones. Advances in product features such as powerful camera systems, high-resolution displays, and fingerprint scanners, as well as affordable mobile data services in various regions, can be attributed to the demand growth rate. The consistently declining prices of the latest version of smartphones are rapidly increasing the number of users in developing regions. The growing number of users, combined with a longer replacement cycle for existing smartphones, will benefit the global consumer electronics market. This high demand will propel the ac dc power adapter market.
Because of the high demand for consumer electronics and IoT devices, the North American region is seen as a major growth area in the ac dc power adapters market. Similarly, due to high investment in smart technology devices, the European region will be a major market for adapters. Furthermore, the Asia Pacific market is expected to expand due to increased demand from the emerging middle-class population.
Global AC DC Power Adapter Market: Regional Segmentation Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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