Global AC Adapter Market Report and Forecast 2024-2032

Global AC Adapter Market Outlook

The global AC adapter market is expected to grow in the forecast period of 2024-2032 at a CAGR of 3%.

Rise in the Number of Consumer Electronics to Boost the Market Growth of AC Adapters

The global market for AC adapters is being driven by the rising demand to convert high voltage alternating current to a lower voltage direct current. Direct current is required in devices that operate on a relatively constant voltage, such as consumer electronic devices like laptops and smartphones.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The rise in the market ownership of these devices in the recent years, owing to expanding per capita incomes and the rising WFH culture as a result of the coronavirus pandemic. AC adapter is an external power supply which converts high voltage electricity into relatively constant voltage by providing various advantages like safety, reduced size and weight of the device, heat reduction, and ease of replacement. These are some of the factors contributing to the market growth of AC adapters.

AC Adapter: Market Segmentation

An AC adapter refers to an external source of power supply, which is used for devices that operate on batteries or have no other power source. It is made up of a central unit that draws power from an AC outlet and then converts the power to DC.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on voltage, the market can be segmented into:

• 100V to 120V AC
• 200V to 240V AC
• 110V to 240V AC

The market, based on application, can be categorised into:

• Smartphone 
• Laptop
• Tablet
• Feature Phone
• Smartwatch
• Others

The EMR report looks into the regional markets of AC adapter like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Growing Use of AC Adapters in IoT Applications are Driving the Growth of the Market

The market growth of AC adapters is expected to be led by the growing number of connected devices on account of the surging popularity of IoT technology. The rise in IoT applications across industry verticals, including healthcare, industry, and retail, among others, is augmenting the need for AC adapters to convert high voltage power into DC power in order to run electronic devices. This is accelerating the growth of the market. In addition to this, the compact size of the adapters save the overall space to adjust IoT sensors, modems, and other requirements, thereby bolstering the market growth. Furthermore, these adapters protect the device from electricity fluctuations, thereby preventing the electronic device from damage. Hence, the growing applicability of IoT technology and the development of advanced technology are some of the factors expected to boost the overall market growth of AC adapters.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the Global AC Adapter Market

The report presents a detailed analysis of the following key players in the global AC adapter market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• 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 comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report