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Global AC Adapter Market to Grow at a CAGR of 3% During 2022-2027, Aided by the Compact Size of AC Adapters

According to a new report by EMR titled, ‘Global AC Adapter Market Report and Forecast 2022-2027’, the market is expected to grow at a CAGR of 3% in the forecast period of 2022-2027.

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.

Market Analysis by Voltage, Application, and Region:

  • On the basis of voltage, the market can be divided into 100V to 120V AC, 200V to 240V AC, and 110V to 240V AC. 
  • Based on application, the market can be categorised into the smartphone, laptop, tablet, feature phone, and smartwatch, among others.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rising market ownership of consumer electronic devices, which require a consistent flow of energy at lower voltages supplied by AC adapters.
  • Being external to the device, an AC adapter significantly reduces the weight and size of the device, heat reduction, and ease of replacement, which add to its demand.
  • The growing advancements in IoT technology are invigorating the demand for AC adapters to run connected devices in a more efficient and safe way. 
  • The compact sizes of AC adapters make them portable and offer ease of usage in different locations, thereby stimulating the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global AC adapter industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for voltages, applications, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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