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The AC and DC Controllers Market size is forecast to increase by USD 3.2 billion, at a CAGR of 6.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for energy-efficient systems and the rising adoption of electric vehicles (EVs). AC-DC converters, a crucial component of these controllers, enable the conversion of alternating current (AC) to direct current (DC) for various applications. The regulator circuit in DC controllers ensures a constant DC output, making them essential in industries such as telecom service, healthcare, and transportation. However, the high development and production costs associated with these controllers, particularly raw material suppliers and input voltage filters, pose challenges to market growth. The need for advanced filtering technologies and cost reduction strategies will be key trends driving market innovation.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The AC controller segment is estimated to witness significant growth during the forecast period. The AC controller segment of AC and DC controllers plays a crucial role in converting incoming AC power from the grid into regulated DC power for various applications. This segment is essential for LED lighting, electric appliances, smartphones, isolated AC-DC controllers for electric propulsion, battery charging, and electroplating.
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The AC controller segment was valued at USD 4.00 billion in 2018. The conversion process involves input rectification components, such as diodes or thyristors, which convert the AC voltage waveform into a pulsating DC signal. This initial stage sets the foundation for further regulation and processing within the AC and DC controller. Other critical components include filters, voltage regulators, and power switches. These features ensure optimal performance and reliability in power conversion and distribution. Applications in industries such as telecommunications, transportation, and renewable energy are driving the growth of the AC controller market.
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Asia-P Pacific (APAC) region is a pivotal market for AC and DC controllers due to rapid industrialization, urbanization, and substantial investments in sectors such as LED lighting, smartphones, electric appliances, electric propulsion, battery charging, and electroplating. The region's dynamic growth is underscored by key developments, including Toyota Kirloskar Motor (TKM)'s initiation of three-shift operations at its Bidadi plant in Karnataka, India, which increased production output by over 30%. This expansion underscores the growing demand for AC and DC controllers in the automotive sector, particularly for electric vehicles (EVs) and hybrid models, which necessitate efficient and reliable power conversion solutions. Furthermore, the increasing adoption of renewable energy sources and the expansion of the industrial sector are expected to fuel market growth in the APAC region. Isolated AC-DC controllers are particularly important in these applications due to their ability to provide galvanic isolation between the AC and DC power sources, ensuring safety and reliability.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Campbell Scientific Inc. - The company offers an AC and DC relay controller with 16 connections for connecting AC and DC devices. Each port can be controlled automatically by the data logger's program or manually via an override switch.
Technavio provides the ranking index for the top 18 companies along with insights on the market positioning of:
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Market structure |
Fragmented |
YoY growth 2023-2024 |
6.0 |
The market is witnessing significant growth due to the increasing demand for electronic devices, consumer goods, and technology applications. Control ICs, a crucial component of AC-DC controllers, enable low standby power consumption, power factor adjustment, and efficient voltage conversion. Electronic devices such as LED lighting, smartphones, and electric appliances are major consumers of AC-DC controllers. Isolated AC-DC controllers find extensive applications in healthcare, consumer goods, and telecommunications industries. The market is driven by consumer behavior trends, including the shift towards internet shopping, and the need for portable and efficient power solutions. AC-DC power supplies, which include rectifiers, filters, and DC voltage regulators, are essential components of AC-DC controllers. These controllers provide constant DC output with adjustable input and output voltage and power levels. The market encompasses various applications, including mining, healthcare, consumer goods, technology, imports and exports, and raw material suppliers. AC-DC converters play a vital role in converting AC to DC power for various applications. Delta Electronics, a leading player in power and thermal management solutions, is a significant contributor to the market growth. The market is expected to continue its upward trajectory due to the increasing demand for efficient and reliable power solutions. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing need for energy efficient systems is notably driving market growth. The market is witnessing significant growth due to the increasing demand for energy-efficient power systems across various industries. These controllers are essential for converting Alternating Current (AC) to Direct Current (DC), a process vital for the operation of numerous electronic devices. The ability of AC-DC controllers to efficiently manage and regulate power conversion is crucial in addressing the rising need for energy efficiency.
This trend is being driven by the global focus on sustainability and environmental responsibility. Energy-efficient systems, which heavily rely on AC-DC controllers, are pivotal in reducing carbon emissions and minimizing the environmental impact of power generation and consumption. Control ICs, a key component of AC-DC controllers, enable power factor adjustment, which further enhances energy efficiency. In the era of consumer behavior influenced by internet shopping, the demand for energy-efficient electronic devices is expected to continue, thereby fueling the growth of the AC-DC controllers market. Thus, such factors are driving the growth of the market during the forecast period.
The rise in adoption of EVs is the key trend in the market. The market is witnessing notable expansion due to the rising adoption of electric vehicles (EVs). This trend is fueled by several significant advancements in the EV industry, which in turn, are fueling the demand for effective power management solutions. The increasing consumer interest in electronic devices, facilitated by the convenience of internet shopping, is also driving the demand for energy-efficient AC-DC controllers to power these devices and reduce standby power consumption.
Control ICs, which are integral components of AC-DC controllers, play a crucial role in power factor adjustment and energy management. As a result, the market for AC-DC controllers is expected to continue its growth trajectory in the coming years. Thus, such trends will shape the growth of the market during the forecast period.
High development and production costs associated with AC and DC controllers is the major challenge that affects the growth of the market. The global AC-DC controller market experiences substantial challenges due to the high development and production costs. These expenses are primarily attributed to the necessity of intricate algorithms and advanced control techniques for optimal controller functionality. Creating such sophisticated algorithms necessitates substantial investment in research and development, contributing significantly to the market price. For instance, a fundamental AC-DC controller with standard features may cost between USD 50 and USD 500.
However, advanced models incorporating specialized features, such as programmable logic, can range from USD500 to USD5,000 or more. Consumer behaviour and the increasing popularity of electronic devices, internet shopping, and power factor adjustment further fuel market growth. Control ICs play a crucial role in the efficient operation of these controllers, and their demand continues to rise. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
The market is witnessing significant growth due to the increasing demand for electronic devices, consumer behavior shift towards energy-efficient products, and the rise of internet shopping. AC-DC controllers, also known as control ICs, are essential components in power conversion systems, enabling the conversion of AC to DC voltage or vice versa. These controllers offer features such as low standby power, power factor adjustment, and isolation for various applications, including LED lighting, smartphones, electric appliances, electric propulsion, battery charging, electroplating, and more. The semiconductor sector plays a crucial role in the production of AC-DC controllers, with raw material suppliers providing essential components like silicon and other minerals.
The market encompasses isolated and non-isolated AC-DC controllers, AC-DC power supplies, rectifiers, filters, and regulator circuits, catering to diverse industries such as telecommunications, industrial robotics, medical devices, renewable energy, and cooling types. Key applications include vehicle electrification, electric power steering (EPS), smart cities, healthcare, consumer goods, technology, and imports and exports. The market is expected to continue its growth trajectory, driven by advancements in technology and the increasing demand for efficient power conversion solutions.
Market Scope |
|
Report Coverage |
Details |
Page number |
212 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.5% |
Market Growth 2024-2028 |
USD 3.2 billion |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 52% |
Key countries |
China, US, Germany, UK, Japan, Canada, Mexico, South Korea, India, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Antares Technology, Campbell Scientific Inc., Diodes Inc., Infineon Technologies AG, Microchip Technology Inc., Monolithic Power Systems Inc., Mornsun Guangzhou Science and Technology Co Ltd, NXP Semiconductors NV, ON Semiconductor Corp., RECOM Power GmbH, Renesas Electronics Corp., Richtek Technology Corp., Rockwell Automation Inc., ROHM Co. Ltd., Shenzhen Slkor Micro Semicon Co Ltd, STMicroelectronics International N.V., Texas Instruments Inc., and WINSEMI |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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