The North America AC-DC Power Supply Adapter Market would witness market growth of 6.7% CAGR during the forecast period (2023-2029).
The demand for AC-DC power supply adapters is likely to show a noteworthy increase in the coming years, owing to a rise in demand for low-voltage high current, and efficient processors. Moreover, the future of the market is significantly influenced by developments in the consumer electronics, healthcare, and automotive industries. Furthermore, technologically upgraded AC-DC electrical supply as a substitute for conventional electric load is anticipated to shape the developments in the market.
Alternating Current, or AC, is the common form of energy delivered to businesses and homes by the electrical grid. The waveform patterns the electrons adopt give it the name AC. The direction and strength of the current can occasionally vary. The voltage and frequency of AC power vary depending on the region; for instance, the United States utilizes 120 volts at an average frequency rate of 60 Hz.
As consumers transition to 5G-enabled devices, the introduction of 5G is anticipated to accelerate the widespread use of smartphones in this region. Many businesses are combining edge computing's low latency processing power with 5G speed to create an efficient, agile, and IoT-driven economy as 5G rollouts have accelerated over the past two years in North America. In addition, the 5G Fund for Rural America was established by the Federal Communications Commission in October 2020 to provide carriers with up to $9 billion in Universal Service Fund support for the deployment of modern 5G mobile wireless solutions throughout rural America. The Fund also allows at least $1 billion to deployments supporting precision agriculture demands. As a result, these trends are anticipated to fuel market expansion in this region.
The US market dominated the North America AC-DC Power Supply Adapter Market by Country in 2022 thereby, achieving a market value of $3,751.8 million by 2029. The Canada market is exhibiting a CAGR of 9.2% during (2023 - 2029). Additionally, The Mexico market would experience a CAGR of 8.2% during (2023 - 2029).
Based on Application, the market is segmented into Mobile Phones & Wearable, Computer & Laptops, Home Appliances, Electronics, Automotive and Others. Based on Type, the market is segmented into AC-DC Wall Power Adapter and AC-DC External Plug-in Power Adapter. Based on Vertical, the market is segmented into Consumer Electronics, Telecommunications, Industrial, Medical & Healthcare, Military & Aerospace and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide AC-DC Power Supply Adapter Market is Projected to reach USD 17.7 Billion by 2029, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Delta Electronics, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Ametek, Inc., Keysight Technologies, Inc., Fortive Corporation (Tektronix, Inc.), Rohde & Schwarz GmbH & Co. KG, B&K Precision Corporation, ITECH ELECTRONIC CO., LTD., Chroma ATE Inc., and Good Will Instrument Co., Ltd.
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