Press Release
Press Release
The global market for AC adapters is being driven by the rising market penetration of consumer electronic devices within built batteries like laptops, tablets, and smartphones. These rechargeable batteries require a consistent source of electricity in order to run the device, which in turn is fuelling the market growth of AC adapters globally. In addition to this, the use of AC adapters promotes the portability of the device by reducing the bulk of the device, thereby augmenting the market growth. The adapter itself comes in a compact shape which offers ease of usability to the users in different locations other than homes such as trains, aircraft, and cars, among others. AC adapters offer the added advantage of enhanced safety by converting high voltages into considerably lower voltages, making them secure for use. Hence, these are some of the factors positively influencing the market growth of AC adapters globally.
In October 2021, TDK Corporation (OTCMKTS: TTDKY) announced the introduction of TDK-Lambda brand CUS500M1 AC-DC power supplies, rated at 500W. The CUS500M1 is suitable for use in a wide range of Class I or Class II (double insulated) applications, such as home, healthcare, medical, dental, test and measurement, broadcast, and industrial equipment, among others, and provides an easy cost reduction for lower power and more cost-sensitive applications. Such developments by leading market players are pushing the growth of the market.
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The major players in the global AC adapter market are Delta Electronics, Inc., B and K Precision Corporation, Inventus Power, Inc., Cincon Electronics Co., Ltd., TDK-Lambda Corporation, Microchip Technology Inc., Advantech Co., Ltd., and Mouser Electronics, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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