18-Dec-2020 | Facts and Factors
Findings from Facts and Factors report “AC DC Power Adapter Market –By Application (Home Appliances, Computers & Laptops, Mobile Phones & Wearable, Consumer Electronics, Automotive, Industrial Products, and Others),) and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global AC DC power adapters market in 2019 was approximately USD 830 million. The market is expected to grow at a CAGR of 12.7% and is anticipated to reach around USD 1,854 million by 2026.
The Global AC DC Power Adapter Market Is Powered By Economic Development, Growth of Consumer Electronics, Rising Investment in Research and Development in IoT applications. AC DC power adapter is an external power supply that converts ac power to the dc which can be used by dc gadgets. These are used by devices that cannot run by standard supply which is mostly in AC. These devices are not able to derive voltage and power from the mains supply therefore they require external circuitry to derive useful power. Devices with no power supply and the ones which powered by a chargeable battery, both use ac dc adapters.
Conventional adapters step down the voltage and convert it to dc and are supplied to the device. Conventional adapters step down the mains voltage to the required level and convert it to dc and supply it to devices. The use of adapters allows portability of the device without bulky components and the same device can be powered from 120 VAC or 230 VAC mains, vehicle, or aircraft battery by using a different adapter. Another advantage of these designs can be increased safety; since the hazardous 120 or 240-volt mains power is transformed to a lower, safer voltage at the wall outlet, and the appliance that is handled by the user is powered by this lower voltage.
Browse the full “AC DC Power Adapter Market –By Application (Home Appliances, Computers & Laptops, Mobile Phones & Wearable, Consumer Electronics, Automotive, Industrial Products, and Others),) and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/ac-dc-power-adapter-market
It is observed that the world over the number of connected devices is increasing exponentially, it is projected that number of IoT devices will be 43 billion in 2023 which is approximately thrice the level of 2018. Technological advancement in IoT will lead to the easier implementation of IoT solutions, opening the doors for a variety of applications. Most of the beneficiaries of these developments will be small and medium enterprises. This rise in IoT applications will demand low power ac dc power adapters.
These adapters should be low power, as only a few watts are needed. It should also be small, to meet the space constraints of IoT sensor and RF modem solutions which are compact. It should also be able to cope with a wide variation in load current, as the IoT node switches from active to sleep mode. Though smartphone shipments are fallen due to COVID 19 abnormality it is likely to pick up as the smartphone market is not saturated yet. High demand for smartphones will induce a high demand for ac dc adapters. Recent developments like GaN adapter is also increasing the demand for adapters as they provide high power.
The demand for AC DC Power Adapters is expected to be driven by the rising of consumer electronics and smartphones. Increasing demand for smartphones globally will primarily drive the consumer electronics market during the forecast period. The growth rate in demand can be attributed to advancements in product features such as powerful camera systems, high-resolution displays, and fingerprint scanners along with affordable mobile data services in various regions. Consistently declining prices of the latest version of smartphones is increasing the number of users in developing regions at a robust rate. The escalating number of users along with a higher replacement cycle of existing smartphones will contribute to the global consumer electronics market. This heavy demand will drive the market of ac dc power adapter market.
In terms of geography, the North American region is seen as a major growth area in the ac dc power adapters market owing to high demand for consumer electronics and IoT devices. Similarly, the European region will also be a major market with respect to the adapter market owing to high investment in smart technology devices. Additionally, the Asia Pacific market is anticipated to grow due to high demand from the emerging middle-class population.
Market Size in 2019
USD 830 Million
Projected Market Size in 2026
USD 1,854 Million
CAGR Growth Rate
Key Market Players
B&K Precision CorporationDelta Electronics, Inc., ETA-USA, Huawei Technologies Co., Ltd AMETEK, Keysight Technologies, TDK Lambda, Chroma ATE, Good Will Instrument, Rohde & Schwarz, and B&K Precision, MEAN WELL, Tektronix, Matsusada Precision, Kikusui Electronics,, and Others
By Applications, and By Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Some of the leading players in the global market include
B&K Precision CorporationDelta Electronics, Inc., ETA-USA, Huawei Technologies Co., Ltd 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 Electronic
The taxonomy of the AC DC Power Adapter market by its scope and segmentation is as follows:
By Application Analysis
- Home Appliances
- Computers & Laptops
- Mobile Phones & Wearables
- Consumer Electronics
- Industrial Products
By Regional Segmentation Analysis
- North America
- 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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