AC and DC Adapters Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Japan, Germany - Size and Forecast 2024-2028

AC and DC Adapters Market Size 2024-2028

The AC and DC adapters market size is forecast to increase by USD 3.4 billion, at a CAGR of 4.09% between 2023 and 2028.

• The market is experiencing significant growth, driven by the increasing adoption of premium smartphones in emerging economies. This trend is leading to a surge in demand for high-quality charging solutions, particularly in regions such as Asia-Pacific and Latin America. Additionally, market companies are expanding their production facilities and launching new products to meet this growing demand. However, the market faces challenges from fluctuating prices of raw materials and other production costs. These fluctuations can impact profitability and require companies to carefully manage their supply chains and production costs to remain competitive. Companies seeking to capitalize on market opportunities should focus on innovation, quality, and cost-effective manufacturing to meet the evolving needs of consumers in emerging economies.
• At the same time, they must navigate the challenges of volatile raw material prices and maintain flexible production capabilities to respond to market fluctuations. Overall, the market presents significant opportunities for growth, but requires strategic planning and agility to navigate the dynamic market landscape.

What will be the Size of the AC and DC Adapters Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and diverse applications across various sectors. Tablet adapters and industrial equipment are among the key areas witnessing significant growth, with a focus on fast charging and high power output. RFI filters and power management ICs play crucial roles in ensuring efficient power conversion and reducing electromagnetic interference. Consumer electronics, from computers and peripherals to mobile devices, demand compact, energy-efficient power supply units with advanced safety features such as overvoltage protection, short circuit protection, and thermal protection. The integration of green technology, including silicon carbide and GaN technology, is driving innovation and cost optimization.

In the industrial sector, power efficiency and safety standards, such as CE marking and UL certification, are essential for ensuring compliance and reliability. Wall adapters and power cord solutions cater to the diverse input voltage range requirements of industrial equipment. Retail distribution channels continue to play a vital role in the market, with an emphasis on cost optimization and product differentiation. The ongoing development of wireless charging technology and DC-DC conversion is expanding the market's scope, offering new opportunities for growth. Power factor correction and smart charging are emerging trends, enabling efficient energy usage and reducing energy waste.The market's continuous dynamism is reflected in the evolving connector types and component sourcing strategies, ensuring a steady flow of innovative solutions to meet the ever-changing needs of various industries.

How is this AC and DC Adapters Industry segmented?

The ac and dc adapters industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application
  • Smartphones
  • Laptops
  • Tablets
  • Others
• Type
  • Wall adapters
  • Desktop adapters
• Geography
  • North America
    • US
  • Europe
    • Germany
  • APAC
    • China
    • India
    • Japan
  • Rest of World (ROW)

By Application Insights

The smartphones segment is estimated to witness significant growth during the forecast period.

The market for AC and DC adapters has experienced significant growth due to the increasing use of electronic devices, particularly smartphones. Consumers demand reliable and efficient charging solutions to keep their devices powered, leading manufacturers to innovate with fast-charging technology. Overvoltage protection, thermal protection, and short circuit protection are essential safety features in these adapters, ensuring the safety and longevity of both the adapter and the connected device. Green technology, such as silicon carbide and gallium nitride (GaN) technology, is gaining popularity for its energy efficiency and cost optimization benefits. The use of these technologies in AC-DC conversion and power management ICs contributes to the reduction of energy waste and the overall improvement of power efficiency.

Connector types, such as USB, micro-USB, and Type-C, have become essential differentiators in the market. CE marking and UL certification ensure compliance with safety standards, providing consumers with peace of mind when purchasing adapters for their devices. In the consumer electronics sector, product differentiation is crucial, with manufacturers focusing on voltage regulation, current limiting, and overcurrent protection to cater to various device requirements. Output current and input voltage range are critical factors in selecting the right adapter for specific devices, such as computers, laptops, tablets, and industrial equipment. Power efficiency, power cord length, and component sourcing are essential considerations for manufacturers to optimize costs while maintaining quality.

Wall adapters and laptop adapters are the most common types of AC and DC adapters, with smart charging and mobile device compatibility becoming increasingly important features. Energy Star certification and EMI/RFI filters are essential for reducing energy consumption and electromagnetic interference, respectively. DC-DC conversion and power factor correction are advanced technologies that enable efficient power conversion and better power management in various applications. In summary, the market is driven by the growing demand for efficient and reliable charging solutions for electronic devices, with a focus on safety, energy efficiency, and cost optimization. Manufacturers are continually innovating to meet consumer demands for faster charging, longer battery life, and compatibility with various devices and connector types.

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The Smartphones segment was valued at USD 7.46 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 48% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia Pacific (APAC) region is experiencing significant growth due to the increasing demand for consumer electronics and the emergence of new technologies. With countries like India and China contributing substantially to the sales of consumer electronics, the region is poised to become a major player in the global market. The demand for devices such as smartphones, laptops, and smartwatches is projected to rise as Internet penetration increases in these countries. China, in particular, leads the world in smartphone users. companies in APAC are focusing on innovation to expand their customer base and market shares.

For instance, they are developing superfast chargers and turbochargers to cater to the growing demand for quick charging solutions. Moreover, there is a rising emphasis on green technology and safety standards in the market. AC-DC conversion, voltage regulation, and current limiting are essential features in power supply units. Connector types, such as USB, are a critical consideration in the market, with USB Type-C gaining popularity due to its versatility and high-speed data transfer capabilities. CE marking is a mandatory requirement for electrical equipment, ensuring compliance with safety and health regulations. Product differentiation is another trend in the market, with companies offering various output currents, input voltage ranges, and power efficiency levels to cater to diverse customer needs.

Energy Star certification is also a significant factor influencing consumer preferences. Wall adapters, laptop adapters, and tablet adapters are some of the key product segments in the market. Industrial equipment and medical devices are other growing segments in the market, requiring specific power requirements and safety standards. Power management ICs, EMI filters, and RFI filters are essential components in power supply units. Silicon carbide and gallium nitride (GaN) technology are emerging trends in the market due to their high power efficiency and compact size. companies are also focusing on cost optimization through component sourcing, plug types, and power cord selection.Short circuit protection, overvoltage protection, overcurrent protection, and thermal protection are essential safety features in power supply units. Wireless charging and DC-DC conversion are other emerging trends in the market.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of AC and DC Adapters Industry?

• In emerging economies, the surge in demand for premium smartphones serves as the primary catalyst for market growth.

• The market is witnessing significant growth due to the increasing demand for various electronic devices, particularly in emerging economies. Factors such as ce marking compliance for medical devices and product differentiation through voltage regulation, current limiting, overcurrent protection, LED indicators, cost optimization, and EMF filters are driving market expansion. These features ensure the safety and efficiency of the adapters, making them an essential component for a wide range of applications, including computers and peripherals. Advanced technologies like GAN (Gallium Nitride) are also gaining popularity for their energy efficiency and high power density, further fueling market growth.
• The increasing use of smartphones and other consumer electronics, along with the rising purchasing power in emerging markets, are expected to continue driving demand for AC and DC adapters.

What are the market trends shaping the AC and DC Adapters Industry?

• The expansion of production facilities for AC and DC adapters and the introduction of new products by market companies are current market trends. This growth is driven by the increasing demand for charging solutions for various electronic devices.

• The market is witnessing growth due to several key factors. One of these factors is the expansion of production facilities by major companies to increase market share. For instance, Salcomp PLC, a leading producer of mobile phone chargers, invested over USD200 million in March 2023 to expand its India operations for new product lines, including charger components. This move is expected to strengthen the market presence of Salcomp by offering a diverse portfolio of products. Another significant driver in the market is the increasing demand for AC and DC adapters in various industries, such as consumer electronics and industrial equipment.
• These adapters are essential components in powering devices, including tablets and laptops, and industrial machinery. Moreover, the growing emphasis on power management ICs and RFI filters in these devices is fueling the demand for advanced AC and DC adapters. Additionally, energy efficiency standards, such as Energy Star, are driving the adoption of AC and DC adapters with higher output current and input voltage range. Wall adapters, which are a popular choice for consumer electronics, are also undergoing certification processes, such as UL, to ensure safety and compliance with industry regulations. Retail distribution channels are also contributing to the growth of the market.
• Consumer electronics retailers and industrial supply stores are stocking a wide range of adapters to cater to the diverse needs of their customers. Overall, the market is expected to continue its growth trajectory, driven by these and other market dynamics.

What challenges does the AC and DC Adapters Industry face during its growth?

• The volatility in the costs of raw materials and production, including labor and energy, poses a significant challenge to the industry's growth trajectory.

• The market is influenced by several factors that impact the cost and efficiency of these power solutions. Manufacturing expenses, including labor costs and raw material prices, significantly affect the market price of these adapters. The procurement and utilization of various raw materials, such as steel, plastic, and electrical components, are essential for manufacturing these adapters. The cost of these materials can be volatile and subject to fluctuations. Power efficiency is a crucial consideration in the design and production of AC and DC adapters. Advanced technologies like smart charging, dc-dc conversion, and power factor optimization contribute to increased power efficiency and reduced energy consumption.
• These features are increasingly sought after in laptop adapters, mobile device chargers, and other applications. Plug types and component sourcing are other essential factors in the market. Ensuring compatibility with various plug types and securing reliable component suppliers are crucial for maintaining product quality and meeting customer demands. USB chargers and other charging solutions are becoming increasingly popular due to their convenience and compatibility with various devices. As the market for mobile devices and laptops continues to grow, the demand for efficient and reliable AC and DC adapters is expected to increase.

Exclusive Customer Landscape

The ac and dc adapters market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the ac and dc adapters market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, ac and dc adapters market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

AcBel Polytech Inc. - This company specializes in providing a range of power solutions, including AC and DC adapters. Our product offerings cater to various devices such as Mac, PC laptops, and Chromebooks.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• AcBel Polytech Inc.
• Belkin International Inc.
• Chicony Power Technology Co. Ltd
• CUI Inc
• Delta Electronics Inc.
• Flex Ltd.
• FSP Group
• LITE ON Technology Corp.
• Mean Well Enterprises Co. Ltd.
• MINMAX Technology Co. Ltd.
• MOMAX Technology HK Ltd.
• Mornsun Guangzhou Science and Technology Co, Ltd.
• Orico Technologies Co. Ltd
• Panasonic Holdings Corp.
• Phihong USA Corp.
• Salcomp PLC
• Salom America Co.
• SynQor Inc.
• TDK Corp.
• XP Power

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in AC And DC Adapters Market

• In March 2023, Texas Instruments introduced its new Wide Input Voltage DC-DC Buck Converter, the TPS22928, which supports input voltages ranging from 1.2V to 5.5V, addressing the growing demand for universal power adapters in various applications (Texas Instruments Press Release).
• In July 2024, Panasonic Corporation and Tesla, Inc. Announced a strategic partnership to jointly develop and manufacture automotive-grade lithium-ion batteries and automotive components, including AC-DC adapters, for electric vehicles (Panasonic Press Release).
• In October 2024, Bel Fuse, Inc. Completed the acquisition of Tripp Lite, a leading manufacturer of power protection and connectivity solutions, expanding Bel Fuse's presence in the market and enhancing its product offerings (Bel Fuse Press Release).
• In January 2025, the European Union implemented new regulations on energy efficiency for external power supplies, including AC and DC adapters, which will require these devices to meet stringent energy efficiency standards, driving innovation and efficiency improvements in the market (European Commission Press Release).

Research Analyst Overview

• The AC-DC converter market encompasses a range of power solutions, including switching power supplies, DC-DC converters, linear power supplies, power inverters, and battery chargers. Thermal management and component selection are crucial aspects of circuit design in this industry. Power banks, solar chargers, and multi-port adapters are gaining popularity due to their versatility and convenience. Safety testing and validation are integral parts of the design process, ensuring reliable performance and adherence to industry standards. Materials science plays a significant role in enhancing power density and improving connector compatibility. Input voltage range, power consumption, and power factor correction are essential factors in selecting the appropriate power adapter for various applications.
• The emergence of universal adapters caters to the diverse needs of businesses and consumers. Testing and validation processes, including EMI mitigation, are crucial in ensuring the efficient and safe operation of power adapters. The market trends include the development of high-power density, lightweight, and compact solutions for various industries, such as telecommunications, healthcare, and transportation. Power inverters and DC-DC converters are increasingly being used in renewable energy systems, such as solar and wind power, to convert AC power to DC power for storage and usage. The demand for plug adapters continues to grow due to the increasing globalization and the need for interoperability across different regions and countries.
• Packaging design is another critical aspect of the market, with a focus on miniaturization, durability, and cost-effectiveness. The market is expected to continue its growth trajectory, driven by advancements in technology and the increasing demand for reliable and efficient power solutions.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled AC and DC Adapters Market insights. See full methodology.

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What are the Key Data Covered in this AC and DC Adapters Market Research and Growth Report?

• CAGR of the AC and DC Adapters industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the ac and dc adapters market growth of industry companies

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