AC-DC Power Adapters Market Size (2024 - 2029)

AC-DC Power Adapters Market Analysis

The AC-DC Power Adapters Market size is estimated at USD 37.38 billion in 2024, and is expected to reach USD 93.72 billion by 2029, growing at a CAGR of 20.18% during the forecast period (2024-2029).

AC-DC power adapters, sometimes called AC adapters, are external power supplies consisting of a transformer and rectifying and filtering units typically enclosed in a compact, sealed unit for safety and aesthetic purposes. These adapters convert AC power to DC for portable devices or household and commercial electronics. The market study comprises various applications such as computing, mobile devices, consumer electronics, and industrial applications.

• Power supply devices such as power adapters have become increasingly popular over the years, as they play a crucial role in providing energy to electric loads for consumption and operation. The growing demand for power supply in various industries and industrial equipment is anticipated to boost its demand further.
• The market has witnessed significant growth in recent years due to the increasing adoption of smartphones, laptops, tablets, and other computing devices. The demand for smart home appliances and wearables has accelerated worldwide, creating enormous opportunities for AC-DC power adapter vendors. Additionally, there is a high demand for power supply in various industries such as medical and healthcare, government, and military & aerospace, which presents a profitable opportunity for the market.
• AC/DC adapters are primarily used as external power supply units for electrical equipment that cannot draw power directly from the main network. These devices convert alternating current (AC) into direct current (DC). Typically, power adapters do not have space in their casing for the huge components required for this conversion. Power adapter saves equipment from damage and fire. The rise in current and voltage can cause fires and damage equipment.
• The increasing adoption of consumer electronics, mobile devices, computing devices, and other industrial applications such as motors and automotive is accelerating the market. However, the market growth is expected to face obstacles due to regional and country-specific regulatory and safety standards. The power supply market is projected to face challenges in the forecast period.
• The government of various countries are applying strict and mandatory regulations related to USB-C type charging ports on the electronics manufactruing companies to reduce the electronic waste. For instance, starting in 2024, USB-C charging ports will be mandatory for all mobile devices within the European Union. This is according to a new law passed by the European Parliament. Shortly, most mobile devices will need USB-C ports for charging. Most of these devices already use USB-C for charging, with Apple being the main exception. 
• However, many low-end devices use micro USBs for charging because of their lower cost. From 2026 onwards, laptops that adhere to USB PD (Portable Device) 3.0, up to 100 watts, will also need to charge through USB-C. Unfortunately, the EU has not enforced support for the USB PD (Programmable Device) 3.1 standard, which has a power output of up to 240 watts. The EU has also announced that it will enforce the Qi standard for wireless charging, the world's most popular wireless charging standard. The EU is expected to implement the Qi standard by 2024.

AC-DC Power Adapters Industry Segmentation

AC-DC power adapters, sometimes called AC adapters, are external power supplies consisting of a transformer and rectifying and filtering units typically enclosed in a compact, sealed unit for safety and aesthetic reasons. These adapters convert AC power to DC for portable devices or household and commercial electronics.

The AC-DC power adapters market is segmented by application (consumer [personal computers, laptops, mobile devices, and others], automotive [EV charging adapters and others], and industrial) and geography (North America, Europe, Asia, Latin America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above-mentioned segments.