AC-DC Power Adapters Market Segmented By Application such as Home Appliance, Consumer Electronics, Automotive, Industrial Products
Industry: Semiconductor Electronics
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32310
AC-DC power adapter is a type of external power supply that is enclosed in case similar to an AC plug. AC-DC power adapters converts Ac power to the DC which is used by DC gadgets. Devices with no power supply and devices with chargeable battery, both use AC-DC power adapters.
The use of AC-DC power adapters allows portability of the device without bulky components and the same device can be powered from 120 VAC or 230 VAC mains, vehicle, or aircraft battery by using different adapter.
AC-DC power adapters are used in low-voltage high current processor applications. AC-DC power adapters are widely used in various industries such as medical, automotive, electronics, and home appliances. Growing adoption of wide-band-gap devices such as silicon carbide and gallium nitride is driving the growth of AC-DC adapters market.
Increasing prevalence of chronic disease and conditions such as heart diseases, stroke, cancers, diabetes, obesity, and arthritis, is driving adoption of diagnostic equipment & systems and monitor and display devices in hospitals and diagnostic centers, among others. Rise in demand for efficient power supplies in ECG (Electrocardiogram) & dialysis equipment has been witnessed globally in recent years.
Moreover, patients suffering from chronic diseases, especially in developed regions, are progressively adopting Type CF (Cardiac Floating) equipment, wherein the applied part is in direct conductive contact with the patient’s heart. As the adoption of these equipment is increasing the demand for AC-DC power adapter is also increasing.
Smart medical devices embedded in furniture and portable medical equipment for home care applications are expected to augment the momentum of market growth.
Technological innovations in the healthcare industry such as brain control interface (BCI), outpatient robotic surgeries, automated mobile wheelchairs, mobile robots for logistic application in healthcare facilities, and automated hospital beds are expected to create significant demand for high quality, reliable, and safe power supply devices, thereby creating revenue opportunities for AC-DC power adapters manufacturers in the long run.
IoT applications are expected to witness significant growth in the coming years. This growth is attributed to increasing number of IoT connected smart devices, adoption of IoT platforms and solutions in industries such as Manufacturing and healthcare.
Moreover, increasing participation of government to adopt these solutions for smart cities, and smart homes in various regions is increasing the adoption of IoT for various applications.
The growing importance and demand for IoT application in smart home, smart cities are driving the growth of AC-DC power adapters. As these application require massive reduction in the cost of bandwidth and massive increase in data handling ability.
The AC-DC power adapter are used for various IoT applications as the AC-DC power adapters are low power in the application that require few watts. AC-DC power adapter are small and they meet the space constraints for IoT sensors and RF modem solutions.
The demand for AC-DC power adapter is also increasing in IoT application as these power adapters are able to cope with a wide variation in load current, as the IoT node switches from active to sleep mode.
As advancements in mobile technology are adding an increasing number of features to various devices, devices such as wearables, tablets, and smartphones are being used for longer durations. With this development, the need to keep these devices adequately charged at all times is becoming more important. According to a survey, four out of ten consumers are using wireless charging technology on mobile phones.
Moreover, with increasing awareness and the adoption of wireless charging technology in the it is expected that approximately half of the total mobile device consumers in the various countries are using wireless charging technology.
With rapid adoption of digital technologies, various smartphone manufacturers have started integrating wireless charging features in their flagship smartphones since early 2014. Moreover, due to increase in wireless charging system the demand has increased for AC-DC power adapters market.
In the recent years, worldwide semiconductor industry sales have tracked the impact of the financial crisis, subsequent recovery and persistent economic uncertainty. Slow growth in the semiconductor industry is forecasted to hamper the global growth of the AC-DC Power Adapters market.
Less development in technology is one of the major factor which may hinders the growth of DC-DC converter market in near future, as AC-DC power adapter plays an important role in various new technologies and devices such as electric cars, smart devices and others.
Also, less spending of various countries in Research and development is also restraining the growth of various industries in the region and this ultimately hinders the growth of AC-DC power adapter in the region.
By Application, AC-DC Power Adapters Market is segmented into-
Based on the region, the AC-DC Power Adapters market has been segmented as
Key players such as B&B Electronics, Delta Electronics, Huawei Technologies Ltd, Microchip Technology Inc, Motorola, Inc, ETA-USA, Renesas Electronics, TDK Lambda Corporation, Murata Power Solution, Phoenix Contact, MEAN WELL Enterprises Co, Ltd, among others, are actively involved in offering AC-DC Power Adapters for different applications.
The manufacturers involved in the production of AC-DC power adapters are carrying out different expansion strategies for increasing their market share in the global AC-DC power adapters market.
The aforementioned players rely on multiple expansion strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions and strengthening of regional and global distribution networks.
In February 2020, Murata Power Solution announced the expansion of its D1U54 series with the 2000-W-rated D1U54-x-2000-12, AC-DC power adapter that is used in information & communication technology and networking application.
In September 2019, Delta Electronics entered into collaboration with General Motors for developing a 400-kW charging system for 180 miles of range in less than 10 minutes.
People in U.S. are increasingly connected to the digital world via smartphones and other mobile devices. A continuous increase in the percentage of smartphone owners are creating potential growth opportunities for the AC-DC power adapter. According to estimates, approximately 80% of people own smartphones in U.S. Moreover, in 2019, smartphone penetration among the adult population aged between 18-30 years and 31-50 years was approximately 85% and 81% respectively.
Moreover, according to the analysis, smartphone penetration in urban areas was around 80% and in rural areas, it was estimated to be approximately 62% in 2019. This continuous increase in the number of smartphone owners is driving the demand for AC-DC power adapter.
Furthermore, due to the rising trend of smart education in U.S. and the increasing adoption of digital technologies in the education sector, more than 90% of college graduates were found to be owners of smartphones in 2019.
AC-DC power adapters are used in laptops, desktops, and others to optimize conversion of voltage last longer and to improve energy efficiency. The growing demand of consumer electronics devices in the countries like Germany, U.K., Russia and others is playing an important role of adoption of AC-DC power adapter in the region. Also, the increasing electrification of rural areas is also fueling the growth of AC-DC power adapter market in the region.
The increasing investment and initiatives of Government of European countries such as Germany, France, Norway and others on electronics product is increasing constantly. As the usage of electronics products like smartphones, tablets and laptop is increasing in European countries these is creating opportunity for AC-DC power adapter manufacturer in the region.
As the investment in electronic sector is on the rise, the products that require switching power supplies is also increasing and hence this is projected to boost the AC-DC power adapter market in the Europe region.
COVID-19 has major impact on global economy and has affected various sectors. COVID-19 pandemic has also impacted the global supply chain and has record decline in various sector, due to which the AC-DC power adapters market is witnessing decline.
COVID-19 pandemic has decreased the demand for AC-DC power adapters due to uncertainty across the supply chain, particularly in China and India that are major producer and exporter of raw materials for AC-DC power adapter. However, the demand from healthcare sector could potentially increase as the demand for medical power supply devices is increasing due to COVID-19 pandemic.
To know more about delivery timeline for this report Contact Sales
