AC Adapter Market Size, Share, Growth 2023-2028
The new report by Expert Market Research titled, ‘Global AC Adapter Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global AC adaptor market, assessing the market based on its segments like voltage, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview 2018-2028
• Forecast CAGR (2023-2028): 3%
The growing use of battery-operated devices such as laptops, smartphones, tablets, and smartwatches are driving the need for AC adapters to constantly charge them and convert AC power source to DC. The advancement of technology has aided in the development of compact AC travel adaptors that can be used in trains and aircrafts rather than only in homes. AC adapters further increase the portability of these electronic devices as they aid in reducing size and weight. Additionally, the demand is supported by IoT technology that is increasing the number of connected devices in the residential, industrial, and commercial sector. Further, advanced adaptors such as the universal AC adapters are convenient and designed to work with multiple devices.
AC Adapter Market Segmentation
An AC adapter is an external power supply unit used to charge electronic devices such as laptops, printers, and mobile phones. The adapter converts the AC power from an electrical outlet into the DC voltage desired by the device to operate. AC adapters help in reducing the size and cost of electronic devices as it eliminates the need to integrate a separate power supply source into the device. It also protects devices from thermal and electronic interference.
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Based on voltage, the market is segmented into:
• 100V to 120V AC
• 200V to 240V AC
• 110V to 240V AC
On the basis of application, the market is divided into:
• Smartphone
• Laptop
• Tablet
• Feature Phone
• Smartwatch
• Others
The major regional markets include:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
AC Adapter Market Trends
The rising disposable income and high standards of living are facilitating the purchase of high-end electronic equipment which require AC adapters to power them and are contributing to the growth of the global AC adapter market. The trend of remote work and hybrid work models is expected to further boost the demand for laptops and smart television sets and the need for AC adaptors to convert AC to DC power. Further, as people are becoming health conscious, the demand for smart wearables such as smartwatches is rising which is expected to increase the demand for AC adapters to charge them.
Key Market Players
Some Major Players in the Market:
• Delta Electronics Inc.
• B and K Precision Corporation
• Inventus Power Inc.
• Cincon Electronics Co. Ltd.
• TDK-Lambda Corporation
• Microchip Technology Inc.
• Advantech Co. Ltd.
• Mouser Electronics Inc.
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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