AC to DC Power Supply Adapter Market to Energize Electronics with a CAGR of 4.5% by 2030
According to a new report published by MarkWide Research, titled, “AC to DC Power Supply Adapter Market,” the global market for AC to DC power supply adapters is expected to experience steady growth. These adapters are essential components that convert alternating current (AC) into direct current (DC) to power a wide range of electronic devices.
The report reveals that the global AC to DC power supply adapter market is projected to witness a CAGR of 4.5% over the forecast period from 2023 to 2030. This growth is driven by the increasing demand for portable electronic devices, the expansion of the IT and telecommunications sector, and advancements in adapter technology.
Key Findings from the Report:
- Electronic Devices: AC to DC power supply adapters are used in smartphones, laptops, gaming consoles, and a variety of consumer electronics.
- Efficiency and Miniaturization: Ongoing research focuses on improving adapter efficiency and reducing their size and weight.
- IT and Telecommunications: The growth of data centers and network infrastructure drives the demand for reliable power supply solutions.
- Sustainability: Energy-efficient adapters contribute to sustainability goals and reduce energy consumption.
- Global Connectivity: The demand for adapters is global, with applications in various industries and regions.
Market Forecast:
The report indicates that the global AC to DC power supply adapter market is currently valued at $17.8 billion in 2023 and is projected to reach $24.6 billion by 2030, with a CAGR of 4.5% during the forecast period. Asia-Pacific and North America are expected to be key regions for market growth, driven by electronic device production.
Company Profiles:
Key players in the global AC to DC power supply adapter market include Delta Electronics, Inc., Lite-On Technology Corporation, and Belkin International, Inc. These companies specialize in manufacturing power supply adapters for diverse applications.
Conclusion:
The global AC to DC power supply adapter market is set for steady growth, driven by the increasing reliance on electronic devices and the need for efficient and reliable power supply solutions. With a projected CAGR of 4.5% by 2030, this market offers opportunities for manufacturers to support the growing demand for electronic connectivity.