Published Date: 31-May-2023
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According to a new report, published by KBV research, The Global AC-DC Power Supply Adapter Market size is expected to reach $17.7 billion by 2029, rising at a market growth of 7.4% CAGR during the forecast period.
The Home Appliances market is showcasing a CAGR of 7.7% during (2023 - 2029). Many different home equipment requires AC-DC power supply adapters. Powering TVs, DVD players, video game consoles, and other home devices are among its most popular applications. Small gadgets like microwaves and coffee machines also have AC-DC power supplies. When an appliance is purchased, these adapters frequently come with it.
The AC-DC Wall Power Adapter market is leading the Global AC-DC Power Supply Adapter Market by Type in 2022 thereby, achieving a market value of $12.4 billion by 2029. An external power supply known as an AC-DC wall power adapter plugs into the electrical mains to change alternating current (AC) into direct current (DC). In addition, it goes by the names plug pack, AC adapter, and power brick. A variety of electronic gadgets, such as laptops, mobile phones, wearable technology, and PCs, employ AC-DC wall power adapters. Additionally, they are utilized in commercial and automotive applications. Their widespread use is accountable for the high share of the segment.
The Telecommunications market has shown the high growth rate of 7.1% during (2023 - 2029). One of the main drivers propelling this market is the increase in expenditure on 5G infrastructure deployment due to customers' preference for smartphone devices and next-generation technology. Other possible expansion drivers include a rise in mobile users, a surge in the need for high-speed internet connectivity, and a rise in the demand for value-added managed services.
The Asia Pacific market dominated the Global AC-DC Power Supply Adapter Market by Region in 2022 thereby, achieving a market value of $6.5 billion by 2029. The Europe market is anticipated to grow at a CAGR of 6.9% during (2023 - 2029). Additionally, The North America market would witness a CAGR of 6.7% during (2023 - 2029).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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