Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Segmentation and Opportunities: In-Depth Market Research

 The global Alternating Current-Direct Current (AC-DC) power supply adapter market size was USD 11.16 Billion in 2022 and is expected to register a revenue CAGR of 7.9% during the forecast period, according to the latest analysis by Emergen Research. Rapid expansion of electric vehicles across the globe is a major factor driving market revenue growth.

Revenue growth of the Alternating Current-Direct Current (AC-DC) power supply adapter market is driven by global adoption of Electric Vehicles (EVs). The electric vehicle market is experiencing remarkable growth, with sales surpassing 10 million in 2022. The proportion of electric cars in total sales has more than tripled in just three years, rising from approximately 4% in 2020 to 14% in 2022. This momentum is expected to continue in 2023, with strong sales expected to persist. In the first quarter of 2023, over 2.3 million electric cars were sold, marking a significant 25% increase compared to the same period the previous year. The outlook for the entire year remains promising, with an estimated 14 million electric car sales by the end of 2023, representing a notable 35% year-on-year surge. This growth is expected to accelerate further in the second half of the year as new purchases continue to rise.  The demand for the infrastructure needed to allow charging for electric vehicles is rising as their uptake soars. Adapters for converting alternating current from the grid to direct current needed to charge an electric vehicle's batteries are crucial parts of EV charging stations. In addition, there is a rising demand for portable charging options including home charging units and portable chargers that use AC-DC power supply adapters due to the popularity of electric vehicles. The automotive industry's rapid shift toward electric mobility is consequently spurring investments in charging infrastructure, thus creating a high demand for AC-DC power supply adapters globally and driving substantial revenue growth for companies operating in this market.

The Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.

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Effect of COVID-19 on the global market for Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market

The COVID-19 pandemic had a significant negative influence on the market for Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market in 2020. Additionally, demand for Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market : Competitive Landscape

The prominent players operating in the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market .

STMicroelectronics, TDK Corporation, Advantech, Infineon Technologies, Microchip Technology Inc., Murata Manufacturing Co., Ltd., Texas Instruments, XP Power, Artesyn Embedded Power, Vicor Corporation, Mornsun Guangzhou Science & Technology Co., Ltd., and Recom Power

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the Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.

Based on types, the market is segmented into

  • Type Outlook (Revenue, USD Billion; 2019-2032)

    • AC-DC Wall Power Adapter
    • AC-DC External Plug-in Power Adapter
    • AC-DC Mountable Power Supply Adapter
    • Others

  • Input Voltage Outlook (Revenue, USD Billion; 2019-2032)

    • < 24V
    • 25-50V
    • >50V

  • Output Power Outlook (Revenue, USD Billion; 2019-2032)

    • < 50W
    • 50-100W
    • 101-250W
    • 251-500W
    • 501-1000W
    • >1000W

Regional Outlook :

The growth of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.

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