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The ACDC Power Supply market size is forecast to increase by USD 11.14 billion at a CAGR of 6.03% between 2024 and 2028. The rising demand for consumer electronics, driven by technological advancements and higher disposable incomes, is a major factor behind market expansion. At the same time, growth in the healthcare sector, fueled by an aging population and increasing investment in medical technology, offers significant opportunities for power supply and transformer. However, challenges exist, the strict regulations around the production and sale of power supplies designed to ensure safety and efficiency require significant investments in research, development, and regulatory compliance. While these rules are vital for consumer protection, they can pose financial burdens for smaller companies. As a result, the market is defined by strong demand in consumer electronics and healthcare, alongside regulatory pressures that drive the need for ongoing innovation and compliance.
The AC-DC power supply market covers a broad range of products, including AC- DC adapters, external power supplies, and AC-DC converters. These power supplies are crucial for powering a variety of electronic devices such as smartphones, laptops, home electronics, commercial equipment, appliances, and portable gadgets. AC and DC power are the two main types used in these devices, with transformers and rectifiers playing key roles in converting AC to DC or vice versa. This market is large and diverse, serving multiple industries and applications. There's especially strong demand for compact, sealed units due to the growing popularity of portable electronics and the need for durable, reliable power systems. As the use of consumer electronic devices continues to rise across various sectors, the AC-DC power supply market is expected to see steady growth.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The consumer electronics segment is projected to experience significant growth in the coming years. The market for AC-DC power adapters (external power supplies) is seeing strong demand, driven by the increasing popularity of portable devices and home electronics. These power supplies convert AC power from the grid into the DC power needed for devices like laptops, tablets, smartphones, TVs, and other electronics. The compact, sealed design of modern AC-DC adapters allows them to fit seamlessly into small devices while delivering reliable, stable power to complex circuits and sensitive components.
One of the key factors driving growth is the rising penetration of mobile devices, widespread internet access, and the expansion of 5G technology. As 5G usage grows, demand for high-power AC-DC adapters, especially for smartphones and mobile devices, is expected to rise. Additionally, the market is expanding into new areas such as smart home appliances, wearables, healthcare devices, and commercial electronics. The adoption of GaN (gallium nitride) technology in power adapters is further fueling growth, offering greater energy efficiency and higher power density.
The increasing popularity of electric vehicles (EVs) and the need for charging infrastructure present new opportunities for AC-DC power adapter manufacturers. However, the market also faces challenges, particularly the push to reduce greenhouse gas emissions and minimize carbon footprints. This has led to greater interest in wireless charging technologies and ultra-fast charging solutions, such as the 500 kW DC Ultra-fast EV Charger UFC 500 and systems for high-capacity electric trucks and buses with 460 kW power.
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The Consumer electronics segment accounted for USD 11.29 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 47% 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.
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The AC-DC power supply market in APAC is experiencing significant growth, driven by advancements in technology and the increasing demand for electronic devices. IPhones and other smartphones utilize Qi2 wireless charging technology, while AC-DC converters power home appliances, computers and laptops, and various electronics. Alternating current (AC) and direct current (DC) transformers, rectifiers, and voltage regulators are essential components in this market. Industry verticals such as telecommunications, industrial, and automation require resilient power infrastructure for their electrical devices. The semiconductor industry, food and beverages sector, and military and aerospace industries also contribute to the market's expansion. Vendors in APAC are innovating with superfast chargers and turbochargers for portable consumer electronics, computing devices, smart home devices, and IoT devices.
Energy-efficient solutions are a priority in the market, as digital transformation and automation continue to drive demand. ACDC power supplies are integral to various applications, including lighting solutions, low-voltage high-current processors, and the growing market for iPhone stands and Qi2 chargers. The market's growth is expected to continue as Internet penetration increases in countries like India and China, contributing significantly to regional sales. China, with its vast number of smartphone users, and India, with its increasing demand for electronic devices, are key players in the market. Vendors are focusing on direct and indirect sales to expand their customer base and market shares. The market's future looks promising, with continued advancements in technology and the growing demand for electronic devices.
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 demand for consumer electronics is a key driver of the market. AC-DC power adapter market. The increasing popularity of household and commercial electronics ranging from laptops, tablets, and smartphones to smart home devices, wearables, healthcare equipment, PCs, networking gear, and 5G smartphones requires efficient and reliable power conversion. Additionally, the rise of electric vehicles (EVs) and high-power chargers like the 460 kW UFC 500 further highlights the need for advanced AC-DC power solutions.
As mobile devices proliferate and 5G technology becomes more widespread, consumers expect better performance and longer battery life. This has led to a growing demand for next-generation power supplies that can meet these requirements. Compact, sealed AC adapters and GaN-based devices are essential for powering portable electronics, while innovations like USB power adapters and wireless charging systems offer greater efficiency and smaller designs.
The surge in mobile and internet subscriptions, along with the rollout of 5G, is expected to boost demand for power supplies. Additionally, the expanding EV market and the need for more robust charging infrastructure present new growth opportunities.
With increasing emphasis on reducing greenhouse gas emissions and cutting carbon footprints, the market is also shifting toward more energy-efficient power supply technologies. As a result, the U.S. market for power adapters is poised for substantial growth in the years ahead.
The expansion of th healthcare sector is emerging as a key trend in the AC-DC power adapter market. The growing demand for reliable power solutions to support medical devices like MRI machines, CT scanners, and ultrasound systems is driving substantial growth. These devices require efficient AC-to-DC power conversion to operate effectively, making AC-DC power supplies critical in healthcare settings.
Beyond healthcare, there's rising demand for compact, sealed power units across various industries, from consumer electronics and household appliances to mobile devices, computing equipment, and emerging technologies like 5G smartphones and smart home appliances. The adoption of GaN technology, wireless charging, and high-power charging equipment for electric vehicles (EVs) and electric trucks/buses is also fueling market growth.
As 5G networks expand and mobile and internet penetration increase, the need for reliable power adapters for laptops, tablets, PCs, and networking equipment is growing. Additionally, as the world shifts toward renewable energy and aims to reduce carbon footprints, there's a heightened focus on developing energy-efficient, eco-friendly power solutions. Products like the 500 kW DC Ultra-fast EV Charger UFC 500 and 460 kW power supplies for EVs are examples of this innovation.
In summary, the U.S. market for AC-DC power adapters and external power supplies is experiencing significant growth due to the increasing demand across healthcare, consumer electronics, and transportation sectors. Companies are prioritizing the development of compact, efficient, and environmentally friendly power devices to meet the evolving needs of both consumers and industries.
Stringent regulations and standards on power supply production are a significant challenge affecting market growth. The global market for AC-DC power adapters, or external power supplies, faces notable difficulties due to these requirements, which add complexity and increase costs for manufacturers. These regulations impact power supplies for a wide array of devices, including portable electronics, household gadgets, computing equipment, mobile devices, smart home appliances, healthcare tools, and 5G smartphones.
In regions like the European Union (EU), directives such as the Restriction of Hazardous Substances (RoHS) mandate the elimination of harmful materials like lead, mercury, and cadmium in electrical equipment, including AC-DC adapters. This increases production costs and often requires redesign efforts to comply with environmental standards. Meanwhile, the rising use of mobile devices, the growth of internet connectivity, and the increasing popularity of electric vehicles (EVs) are driving demand for compact, sealed power units that can handle both AC and DC power. The adoption of GaN (gallium nitride) devices and wireless charging technologies adds another layer of complexity to the market, especially as high-power applications like 500 kW DC Ultra-fast EV Chargers and 460 kW systems for electric trucks and buses become more common.
Environmental concerns over greenhouse gas emissions and carbon footprints are also shaping market dynamics, pushing manufacturers to develop more eco-friendly power adapters. From USB adapters to high-capacity power supplies, these products serve industries ranging from computing to mobile devices and consumer electronics. With the rapid expansion of 5G technology and its integration into various devices, the market for AC-DC power adapters is poised for growth. However, manufacturers must overcome challenges related to regulatory compliance, technological advancements, and evolving market demands in order to deliver compact, efficient, and sustainable power solutions for a diverse range of applications.
The market forecasting report includes the adoption lifecycle of the market, 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
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.
Advanced Energy Industries Inc. - In the market, our company provides a diverse range of solutions catering to various industries and applications. Among our offerings are the Netwave 3 series, Netwave 7 series, ACS 500N series, NetWave 20 Series, NetWave 30 Series, NetWave 67 Series, NetWave 108 Series, NetWave 90 Series, and more. These power supplies are designed to deliver reliable and efficient power conversion, ensuring optimal performance for your equipment. Our Netwave series, for instance, is renowned for its high power density, advanced protection features, and excellent efficiency. Meanwhile, the ACS 500N series is known for its compact design and robust construction, making it an ideal choice for industrial applications. Regardless of your specific power supply requirements, our comprehensive portfolio is certain to have a solution that fits your needs.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is a significant sector in the global electrical industry. This market encompasses various types of power supplies, including DC and AC adapters, power converters, and uninterruptible power supplies (UPS). The demand for ACDC power supplies is driven by the increasing usage of electronic devices and systems in various industries such as telecommunications, healthcare, IT, and industrial automation. ACDC power supplies play a crucial role in ensuring the smooth operation of these devices and systems. They convert electrical power from one form to another, ensuring the right voltage and current levels for optimal performance. The market for ACDC power supplies is expected to grow due to the rising demand for energy-efficient and reliable power solutions.
Key players in the market include manufacturers and suppliers of power adapters, converters, and UPS systems. These companies focus on developing innovative and high-performance products to meet the evolving needs of their customers. The market is competitive, with companies constantly striving to improve their offerings and expand their customer base. The market is also influenced by various factors such as technological advancements, regulatory requirements, and economic conditions. Companies in this market need to stay abreast of these trends and adapt to changing market conditions to remain competitive. In conclusion, the market is a dynamic and growing sector in the global electrical industry.
It plays a vital role in ensuring the smooth operation of electronic devices and systems in various industries. The market is expected to grow due to the increasing demand for energy-efficient and reliable power solutions. Key players in the market focus on developing innovative products and expanding their customer base to remain competitive.
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Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.03% |
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Market growth 2024-2028 |
USD 11141.19 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.67 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advanced Energy Industries Inc., Advantech Co. Ltd., AMETEK Inc., Chroma ATE Inc., Cincon Electronics Co., Ltd., Delta Electronics Inc., GlobTek Inc., Good Will Instrument Co. Ltd., Huawei Technologies Co. Ltd., Itech Electronic Co. Ltd., Kikusui Electronics Corp., Mean Well Enterprises Co. Ltd., Murata Manufacturing Co. Ltd., Phihong USA Corp., Power Integrations Inc, Schneider Electric SE, TDK Corp., Tektronix Inc., Wall Industries Inc., Keysight Technologies Inc., and Rohde and Schwarz GmbH and Co. KG |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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