Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Outlook: Growth Forecast and Industry Dynamics

 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 Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

Furthermore, the Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market Research Report provides detailed insights into regional market trends, highlighting key growth areas and potential challenges across various regions. The report examines market performance across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, allowing businesses to identify regional opportunities and tailor their strategies accordingly. By understanding the nuances of each market, companies can make informed decisions on where to allocate resources and prioritize growth initiatives.

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The report offers a complete analysis of the global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position.

Key companies profiled in the report include:

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 report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.

Key Objectives of the Report:

  • Analysis and estimation of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market size and share for the projected period of 2024-2032
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

Segments Covered in this report are:

  • 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 Analysis:

The global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market growth is influenced by distinct regional factors. North America and Europe dominate, thanks to cutting-edge technology and well-established regulatory systems, but face hurdles like supply chain disruptions and compliance complexities. Asia-Pacific, led by China and India, is witnessing robust growth due to urban development and surging consumer demand. In contrast, Latin America, the Middle East, and Africa, while showing promising growth potential due to economic changes and investment inflows, struggle with political uncertainty and infrastructure deficiencies, impacting long-term growth prospects.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/alternating-current-direct-current-power-supply-adapter-market     

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type & applications

Chapter 9: Current and Future Trends

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Thank you for reading our report. Please get in touch with us for further queries about the report and our team will assist you according to your needs.

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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