Global AC-DC Power Adapter Market Size, Share, and COVID-19 Impact Analysis, By Type (AC-DC Wall Power Adapter and AC-DC External Plug-in Power Adapter), By Industry Vertical (Home Appliances, Computers & Laptops, Mobile Phones & Wearable, Consumer Electronics, Automotive, Industrial Products, and Others), By Industry Vertical (Lighting, Consumer Electronics, Telecommunications, Transportation, Food & Beverages, Medical & Healthcare, Military & Aerospace, and Industrial), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022-2028

KEY MARKET INSIGHTS

The global AC-DC Power Adapter Market is projected to grow from USD 13.25 billion in 2021 to USD 22.79 billion by 2028 at a CAGR of 9.0% during the forecast period. AC-DC External Plug-in Power Adapter is an external power supply. It's intended for use with battery-powered devices that don't have access to an external power source. The AC-DC external plug-in power adapter ensures user safety by converting high voltage to low voltage for devices such as electric irons, hair dryers, and other similar items. Adaptability, durability, and considerable utility as a safety device are all features of AC-DC external plug-in power adapter that make them appealing. All of these elements are aiding the growth of the AC-DC power adapter market. Moreover, power adapters are utilized in a variety of industries, including medicine, electronics, automobiles, and home appliances. The market for AC-DC converters is growing due to the increasing deployment of wide-band-gap technologies such as silicon carbide and gallium nitride. 

COVID-19 ANALYSIS  

COVID-19 has had a significant impact on the world economy, affecting a variety of industries. The COVID-19 pandemic has had an influence on the worldwide supply chain, causing a drop in several sectors, including the AC-DC power adapters industry.

Due to supply chain uncertainties caused by the COVID-19 epidemic, demand for AC-DC power adapters has fallen, notably in China and India, which are key producers and exporters of raw materials for AC-DC power adapters. However, diversified and innovative AC-DC external plug-in power adapter applications, such as consumer electronics, lighting, telecommunications, food & beverages, transportation, medical & healthcare, military & aerospace, and industrial, will drive the AC-DC external plug-in power adapter market growth during the forecast period. 

LATEST TREND

Technological Advancements in Medical Devices and Consumer Electronics to Drive Growth

The need for AC-DC power adapter is expected to increase significantly in the second half of the forecast period, owing to large-scale improvements in the consumer electronics sector. Several current research projects in the market are aimed at improving the dependability, precision, and development of cost-effective power adapters. The US Department of Energy's new regulations and standards, which include increased expected efficiency levels and updated no-load dissipation limitations, are creating a significant challenge for manufacturers in the market value chain.

DRIVING FACTORS

Growing Demand for Energy-efficient Electronic Devices to Boost Market

Over the last two decades, the power supply industry has seen significant advancements. Growing demand for AC-DC external plug-in power adapter for usage in low-voltage high-current processor applications is a prominent driver that will likely propel the market growth during the forecast period. Due to the shortcomings in the traditional electronic load caused by the relatively low voltage, technologically improved power adapter converters have steadily paved the way. Furthermore, new advancements in the design of external plug-in power adapter have given the market a significant boost.

RESTRAINTS

Supply Chain Challenges Anticipated To Hinder Market Growth

The global AC-DC external plug-in power adapter market is projected to be hampered by the innovative COVID-19 epidemic, particularly in the first half of the forecast period. Uncertainty in the supply chain, particularly in countries like India and China, which are both important producers and exporters of raw materials for power adapters, is a major factor that is expected to slow market growth in 2020. The demand for power adapters is expected to be impacted by trade restrictions and government-imposed lockdowns around the world. During the pandemic, however, demand from the healthcare industry might potentially generate revenue for market participants.

SEGMENTATION

The global AC-DC Power Adapter Market is segmented by Type, Application, Industry Vertical and Region. Based on the Type, the market is categorized into AC-DC Wall Power Adapter and AC-DC External Plug-in Power Adapter. Based on Application, the market is categorized into Home Appliances, Computers & Laptops, Mobile Phones & Wearable, Consumer Electronics, Automotive, Industrial Products, and Others. Based on Industry Vertical, the market is categorized into Lighting, Consumer Electronics, Telecommunications, Transportation, Food & Beverages, Medical & Healthcare, Military & Aerospace, and Industrial. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.          

REGIONAL INSIGHTS

The global AC-DC Power Adapter Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Asia Pacific is the largest market for AC-DC power adapters due to the increasing digitization trend in countries such as India and China. Consumer products such as smartphone devices, set-top boxes, HD TVs, entertainment systems, and desktops and laptops are all popular. As a result, the regional market for power adapters is expected to rise.

North America is the second-largest market for AC-DC power adapters due to smartphones and other mobile devices are increasingly connecting people in the United States to the digital world. The ratio of smartphone owners is steadily increasing, presenting prospective growth opportunities for the market growth.  

LIST OF KEY COMPANIES PROFILED:

• Advantech Co., Ltd.
• B&K Precision Corporation
• Delta Electronics, Inc.
• Marway Power Systems, Inc.
• Huawei Technologies Co., Ltd.
• MEAN WELL Enterprises Co., Ltd.
• Microchip Technology Inc.
• Murata Power Solutions.
• PHOENIX CONTACT
• Renesas Electronics Corporation.
• TDK Corporation.

KEY INDUSTRY DEVELOPMENTS:

February 2020- Murata Power Solutions expanded its D1U54 Series with the 2000-W-rated D1U54-x-2000-12, AC-DC, and DC-DC front-end power supplies for ICT (information and communication technology) and networking applications.

September 2018- Delta Electronics, Inc. has formed alliances and collaborations with firms whose products complement its own. For example, the business announced a collaboration with GM to develop a 400-kW charging system that can provide 180 miles of range in less than 10 minutes.  

SEGMENTATION

By Type

• AC-DC Wall Power Adapter
• AC-DC External Plug-in Power Adapter

By Industry Vertical

• Home Appliances
• Computers & Laptops
• Mobile Phones & Wearable
• Consumer Electronics
• Automotive
• Industrial
• Others

By Industry Vertical

• Lighting
• Consumer Electronics
• Telecommunications
• Transportation
• Food & Beverages
• Medical & Healthcare
• Military & Aerospace
• Industrial

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa