“The report on AC-DC Power Supply Adapter Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter’s five forces.
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AC-DC Power Supply Adapter Market: Overview
- According to the latest research report on the global AC-DC power supply adapter market for the historical period of 2017–2018 and the forecast period of 2022-2031, technological advancements in AC-DC power supply adapters for achieving better performance of military & defense and security forces, increasing military & defense expenditure, and growing production and usage of lightweight AC-DC power supply adapters are factors expected to boost the global market during the forecast period
- In terms of revenue, the global AC-DC power supply adapter market is estimated to reach value of US$ 19.5 Bn by 2027, expanding at a CAGR of ~5% throughout the forecast period
Increasing Demand for Energy-efficient Power Supply Devices: A Key Driver
- Although nearly all domestic electronic products and office equipment plug directly into wall outlets and draw 120 volts of alternating current (AC), most of their circuitry is designed to operate at a much lower voltage of direct current (DC). The devices that perform this conversion are called power supply adapters. According to studies, on an average, most homes have 5–10 devices that use AC-DC power supply adapters, such as cordless phones, mobile phones, answering machines, and hair dryers.
- Internal power supplies are more prevalent in devices that have high power requirements, typically more than 15 watts. These include computers, televisions, office copiers, and stereo components. Most internal power supply models use somewhat more efficient designs called switching or switch-mode power supplies.
- As per the requirement of customers, manufacturers are designing power supply devices that have energy efficiencies ranging from 50% to 90%, leading to wide variations in power use among similar products. Efficiencies are usually higher in case of the original factory power supply provided with the unit than with aftermarket, universal AC-DC power supply adapters.
Growing Adoption of Smart Phones, Electronic Equipment, and Gadgets: Latest Market Trend
- Adoption of smart phones and electronic gadgets is increasing rapidly in the global market. Usage of new, innovative, and technologically advanced electronic products is also on the rise. This trend is projected to increase the production and supply of AC-DC power supply adapters for use in charging and running of these electronic products.
- The domestic electric appliances industry in various countries has been growing steadily in the last few years. The trend is likely to continue in the near future also. As the competition in the industry increases due to adoption of new mobile phones and other electronic gadgets enterprises are experiencing transformation and improvements in adapters also, with varying ranges of current and voltage.
- The other reason behind increase in production of AC-DC power supply equipment is the relation between supply and demand. Although there are numerous registered manufacturers in China, the switching power supply industry in the country is still expanding. Thus, the number of providers of switching power supply equipment is increasing worldwide, with the demand for electronic devices that require AC-DC power supply adapters.
Gray Market Offering Low-quality Products: A Major Challenge
- The term ‘gray market’ refers to trade of commodities through distribution channels that are not authorized by the original manufacturer or trademark proprietor. Local manufacturers use trademarks, branding, logo, software, or any other intellectual property of established brands without their consent in a manner to make purchasers believe that they are buying original products. These counterfeit products are of inferior quality and they are typically offered at a much lower price than that of the genuine products.
- Various global as well as local providers manufacture and supply AC-DC power supply adapters to end users. Some of the OEMs (original equipment manufacturers) trade these products according to their base prices compatible with the original brands, while some others are offering local products with the same specifications but with low-quality material.
- These local manufacturers are fulfilling the demand adequately and increasing the local product supply in the international market. Since AC-DC power supply adapters are made with low-quality material, the end-products obtained are of low quality. This factor is negatively affecting the global market for AC-DC power supply adapters.
AC-DC Power Supply Adapter Market: Competition Landscape
- Detailed profiles of providers of AC-DC power supply adapters have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
- Key players operating in the global AC-DC power supply adapter market are Advantech Co., Ltd., B&B Electronics, B&K Precision Corporation, Delta Electronics, Inc., ETA-USA, Huawei Technologies Co., Ltd., MEAN WELL Enterprises Co., Ltd., Microchip Technology Inc., Motorola, Inc., Murata Power Solutions, Phoenix Contact, Renesas Electronics, and TDK-Lambda Corporation
AC-DC Power Supply Adapter Market: Key Developments
- Key providers of AC-DC power supply adapters, such as
- B&K Precision Corporation
- Delta Electronics, Inc.
- Huawei Technologies Co., Ltd
- focusing on the construction of cost-effective AC-DC power supply adapters so as to attract more customers. Some other key developments in the global AC-DC power supply adapter market are:
- In February 2020, Murata Power Solutions announced the expansion of its D1U54 Series with the 2000-W-rated D1U54-x-2000-12, AC-DC, and DC-DC front-end power supplies used in ICT (information & communication technology) and networking applications
- Delta Electronics, Inc. is engaged in collaborations and partnerships with companies in-lining with its product portfolio. For instance, in September 2018, the company entered into a partnership with General Motors to develop a 400-kW charging system for 180 miles of range in less than 10 minutes.
- In the report on the global AC-DC power supply adapter market, we have discussed individual strategies, followed by company profiles of providers of AC-DC power supply adapter systems. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global AC-DC power supply adapter market.
AC-DC Power Supply Adapter Market – Scope of the Report
A new study on the global AC-DC power supply adapter market presents detailed information of key market dynamics, including drivers, trends, and challenges for the global AC-DC power supply adapter market as well as its structure. The study offers valuable information on the global AC-DC power supply adapter market in order to illustrate how the global market is expected to expand during the forecast period i.e. 2019–2027.
Key indicators of market growth, which include value chain analysis and compounded annual growth rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global AC-DC power supply adapter market.
An extensive analysis of business strategies adopted by leading market players is also featured in the study on the global AC-DC power supply adapter market. This can help readers understand key factors responsible for growth of the global AC-DC power supply adapter market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global AC-DC power supply adapter market. This data would guide market players in making apt decisions in the near future.
Key Questions Answered in the Study on AC-DC Power Supply Adapter Market
- What would be the Y-o-Y growth trend of the global AC-DC power supply adapter market between 2019 and 2027?
- What is the influence of changing trends in technology on the global AC-DC power supply adapter market?
- Would North America continue to be the most dominant regional market for providers of AC-DC power supply adapters in the next few years?
- Which factors would hinder the global AC-DC power supply adapter market during the forecast period?
- Which are leading companies operating in the global AC-DC power supply adapter market?
A unique research methodology has been utilized to conduct comprehensive research on the global AC-DC power supply adapter market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.
Secondary research sources referred to by analysts during production of the report on the global AC-DC power supply adapter market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to production of the study on the global AC-DC power supply adapter market as a primary research source.
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These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global AC-DC power supply adapter market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global AC-DC power supply adapter market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making estimates on future prospects for the global AC-DC power supply adapter market more reliable and accurate.