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The ACDC power supply market size is estimated to increase by USD 11.14 billion and grow at a CAGR of 6.03% between 2023 and 2028. The market is experiencing significant growth due to several key factors. Firstly, the increasing demand for consumer electronics, driven by advancements in technology and the growing trend towards digitalization, is fueling the need for reliable and efficient power supplies. Secondly, the development of telecommunication infrastructure, particularly in emerging markets, is leading to increased demand for power supplies to support the operation of cell towers and other communication equipment. Lastly, the increasing adoption of Electric Vehicles (EVs) is creating a new market, as these vehicles require charging infrastructure that can deliver large amounts of power efficiently and safely. Overall, these trends are driving growth in the market and are expected to continue doing so in the coming years.
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The market encompasses a wide range of products, including AC adapters, external power supplies, and AC-DC converters. These power supplies are essential for powering various electronic devices, such as portable devices, household electronics, commercial electronics, home appliances, computer and laptops, and mobile phones. AC power and DC power are two primary types of power used in these devices, with transformers and rectifiers playing crucial roles in converting AC power to DC power or vice versa. The market is significant and diverse, catering to various industries and applications. The demand for compact, sealed units is particularly high in the market due to the increasing popularity of portable devices and the need for resilient power infrastructure. The market is expected to grow steadily, driven by the increasing use of electronic devices in various sectors. 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 increasing demand for consumer electronics fuels market growth. The market is experiencing substantial growth due to the escalating demand for consumer electronics. Household and commercial electronics, including laptops, tablets, smartphones, smart home appliances, wearables, medical and healthcare equipment, PCs, networking equipment, personal computers, 5G smartphones, and 460 kW power-consuming EV Charger UFC 500 for electric vehicles, necessitate efficient and reliable power conversion from AC to DC. With the proliferation of mobile devices and the increasing penetration of the internet and 5G technology, consumer expectations for superior performance and extended battery life are escalating. Consequently, there is a growing need for advanced power supply solutions that cater to the power requirements of these devices. AC adapters and compact, sealed units are indispensable in powering portable devices and household electronics.
Also, GaN devices, USB power adapters, and wireless charging technology are some of the recent advancements in power adapter technology that offer higher efficiency and smaller form factors. The burgeoning market for consumer electronics, fueled by the rising number of mobile and internet subscriptions and the adoption of 5G technology, is expected to further propel the demand for power supply devices. Moreover, the increasing popularity of electric vehicles (EVs) and the need for charging infrastructure are anticipated to create significant opportunities for the power supply market. The growing focus on reducing greenhouse gas emissions and minimizing carbon footprint is also driving the adoption of more efficient power supply solutions. The market for power adapters is expected to witness significant growth in the coming years, with the development of high-power solutions such as 500 kW DC Ultra-fast EV Chargers and e-trucks/e-buses with larger battery capacities. Thus, such factors boost market growth during the forecast period.
The expansion of healthcare sector is an emerging market trend. The market is experiencing substantial growth, driven by the expanding healthcare sector and the increasing demand for reliable power solutions. Medical devices, such as MRI machines, CT scanners, and ultrasound systems, require efficient conversion of AC power from the grid to DC power for optimal performance. ACDC power supplies play a vital role in this process. Beyond healthcare, the demand for compact, sealed units capable of delivering both AC and DC power is on the rise in various sectors. These power supply devices are essential for powering portable devices, household electronics, commercial electronics, computing, mobile devices, consumer electronics, and even emerging technologies like 5G smartphones and smart home appliances. Moreover, the growing adoption of GaN devices, wireless charging, and high-power charging equipment for electric vehicles (EVs) and e-trucks/e-buses is fueling the market's expansion.
Additionally, with increasing 5G subscriptions, mobile penetration, and internet penetration, the need for power adapters for laptops, tablets, and other personal computers and networking equipment is also surging. As the world transitions to renewable energy sources, the carbon footprint of power supply devices becomes increasingly important. Companies are focusing on developing more energy-efficient and eco-friendly power adapters, such as the 500 kW DC Ultra-fast EV Charger UFC 500 and 460 kW power supplies for battery charging. In summary, the global market for adapters and external power supplies is witnessing significant growth due to the increasing demand for power solutions in various sectors, including healthcare, consumer electronics, computing, and transportation. Companies are focusing on developing compact, efficient, and eco-friendly power supply devices to meet the evolving needs of consumers and businesses. Hence, such trends impact positively to the market growth during the forecast period.
The stringent regulations and standards on production and sale of power supplies is a major market challenge. The global market, also known as external power supplies, experiences significant challenges due to stringent regulations and standards. These requirements add complexity and cost to manufacturers of power supplies for various applications, including portable devices, household electronics, commercial electronics, computing, mobile devices, consumer electronics, power supply devices, and power adapters for laptops, tablets, smart home appliances, wearables, medical and healthcare equipment, PCs, networking equipment, personal computers, 5G smartphones, and 5G technology. In the European Union (EU), the Restriction of Hazardous Substances (RoHS) Directive mandates the elimination of certain hazardous materials, such as lead, mercury, and cadmium, in electrical and electronic equipment. Compliance with this directive necessitates careful management of these substances, which can increase production costs and involve substantial redesign efforts. Moreover, the growing market penetration of mobile devices and internet connectivity, as well as the increasing popularity of electric vehicles (EVs) and their charging equipment, contribute to the demand for compact, sealed units capable of delivering both AC and DC power. The transition to GaN devices and wireless charging technologies further complicates the market landscape.
Additionally, the shift towards 500 kW DC Ultra-fast EV Charger UFC 500, e-trucks/e-Buses, and other high-power applications necessitates larger power capacities and more efficient power conversion. The environmental concerns surrounding greenhouse gas emissions and carbon footprint also influence the market dynamics, as manufacturers strive to produce more eco-friendly power adapters. USB power adapters and 460 kW power supplies cater to the needs of various industries, including computing, mobile devices, and consumer electronics. The increasing number of 5G subscriptions and the integration of 5G technology into various devices further expand the market potential. In conclusion, the global market faces numerous challenges due to regulatory requirements, technological advancements, and evolving market trends. Manufacturers must navigate these complexities to deliver compact, efficient, and eco-friendly power solutions for a diverse range of applications. Thus, such challenges may hamper market growth during the forecast period.
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.
AMETEK Inc. - The company provides a diverse range of solutions catering to various industries and applications. Among the 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.
The market research and growth report also 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 consumer electronics segment is estimated to witness significant growth during the forecast period. The global market, also known as external power supplies, experiences significant growth due to the increasing demand for portable devices and household electronics.
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The consumer electronics segment accounted for USD 11.29 billion in 2018. With the rise of 5G subscriptions, the demand is expected to surge. Additionally, the market is expanding into new areas such as smart home appliances, wearables, medical and healthcare, and commercial electronics. The adoption of GaN devices in adapters is also expected to drive market growth due to their energy efficiency and high power density. Furthermore, the increasing popularity of electric vehicles (EVs) and the need for charging equipment is creating new opportunities for manufacturers. However, the market is also facing challenges such as the need to reduce greenhouse gas emissions and carbon footprint, which is driving the adoption of wireless charging technologies and ultra-fast charging solutions like the 500 kW DC Ultra-fast EV Charger UFC 500 and e-trucks/e-buses with high battery capacity and 460 kW power.
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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. The 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.
Also, 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.
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.
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The ACDC power supply 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 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 is expected to grow due to the rising demand for energy-efficient and reliable power solutions. Key players in the ACDC power supply 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.
Moreover, 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.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.03% |
Market growth 2024-2028 |
USD 11.14 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.67 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 47% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our 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 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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