AC DC Power Supply Market Size (2024 - 2029)

The AC DC Power Supply Market is projected to experience significant growth, driven by the increasing demand for power supply solutions in various industries and the rising production of electronic devices. The market's expansion is further fueled by the proliferation of consumer electronics and the growing adoption of Internet of Things (IoT) technologies, which require sophisticated power management solutions. Despite these growth opportunities, the market faces challenges due to varying regulatory and safety standards, geopolitical tensions affecting supply chains, and the use of low-quality materials in manufacturing. These factors contribute to the complexities in meeting the market's evolving demands while ensuring compliance and cost-effectiveness.

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Market Size of AC DC Power Supply Industry

AC DC Power Supply Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 31.55 Billion
Market Size (2029) USD 43.08 Billion
CAGR (2024 - 2029) 6.43 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

AC DC Power Supply Market Major Players

*Disclaimer: Major Players sorted in no particular order

AC DC Power Supply Market Analysis

The AC DC Power Supply Market size is estimated at USD 31.55 billion in 2024, and is expected to reach USD 43.08 billion by 2029, growing at a CAGR of 6.43% during the forecast period (2024-2029).

AC-DC power supply devices 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.

  • AC-DC power supply converters are used to maintain a stable voltage supply for a variety of devices, such as laptops, smartphones, and tablets. The demand for these converters is increasing as more and more devices are sold. However, due to the low-quality materials used in the manufacturing of AC-DC Power supply adapters, the finished products are of poor quality. The universal AC-DC adapter is currently being tested. Owing to the Internet of Things (IoT) technology, AC-DC power supply adapters with a power output of just a few watts are currently available on the market.
  • The primary objective of AC/DC power supplies is to generate a regulated voltage output for electronic and electrical devices. As the production and demand for electronic devices like laptops, computers, mobile phones, and other consumer electronics continue to rise, the need for a consistent DC power supply for these gadgets is also increasing.
  • The AC/DC converters are expected to witness an increase in demand from the consumer electronics sector, which is projected to dominate the global market. With the proliferation of smartphones, tablets, and other portable electronic devices, the demand for AC-DC power supply devices is increasing rapidly to keep these devices charged and operational. As these devices become more powerful and feature-rich, more sophisticated power management solutions are necessary to ensure optimal performance and battery life. Further, the Internet of Things (IoT) is driving the demand for connected devices that require power supply solutions.
  • The market is experiencing growth due to the rising use of Internet of Things (IoT) in different areas like smart homes, smart cities, Machine-to-machine (M2M) communications, and Industrial IoT (IIoT). The increasing implementation of home and building automation systems is also contributing to market expansion. However, obstacles are anticipated in the market growth because of regulatory and safety standards that vary by region and country. The power supply devices market is expected to encounter difficulties because of strict design requirements for input power and nonstandard AC and DC inputs.
  • The geopolitical tensions over access to critical raw materials such as rare earth metals, minerals, and semiconductor materials used in power devices are disrupting the supply chains and driving up manufacturing costs. Dependence on specific regions or countries for critical resources exposes manufacturers to geopolitical risks and vulnerabilities. For instance, over the last year, there has been a significant rise in geopolitical tensions between the United States and China, leading to a complete transformation of global supply chains that have been in place for the past ten years.

AC DC Power Supply Industry Segmentation

An AC/DC power supply transforms the alternating current (AC) into a direct current (DC) voltage that can be used to power various electrical devices. Alternating current is primarily used to transfer electric power all across the electric grid, from generators to end users.

The AC DC power supply market is segmented by end-user industry (communication, industrial, consumer, automotive, lighting, servers [AI server and others], and other end-user industries) and geography (North America (United States and Canada), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of the World). The market size and forecasts are provided in terms of value in USD for all the above segments.

By End-user Industry
Communication
Industrial
Consumer
Automotive/Transportation
Lighting
Servers
AI Server
Others
Other End-user Industries
By Geography***
North America
United States
Canada
Europe
Germany
United Kingdom
France
Asia
China
India
Japan
Australia and New Zealand
Latin America
Middle East and Africa
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AC DC Power Supply Market Size Summary

The AC DC power supply market is poised for significant growth, driven by the increasing demand for reliable power supply solutions across various sectors. These devices are essential for providing stable voltage to a wide range of electronic devices, including laptops, smartphones, and tablets. The proliferation of consumer electronics, coupled with the rise of the Internet of Things (IoT), is fueling the demand for AC DC power supply devices. As more devices become interconnected and require efficient power management, the market is expected to expand. However, challenges such as regulatory standards and geopolitical tensions over critical raw materials may impact market growth. The market is semi-consolidated, with major players like Delta Electronics, Siemens, ABB, Murata Manufacturing, and TDK-Lambda holding significant market shares and maintaining strong supplier-distribution relationships.

The increasing adoption of wearable devices and advancements in smartphone technologies are further propelling the demand for compact and efficient power supply solutions. The market is also benefiting from the growing sales of consumer electronics and the rising use of laptops and desktops, which require dependable DC power supplies. In regions like China and India, the consumer electronics industry is experiencing rapid growth, driven by factors such as urbanization, rising disposable incomes, and technological advancements. This growth is expected to create a continuous need for efficient power supply solutions. Additionally, investments in new manufacturing facilities and research and development centers by key players are set to enhance production capabilities and drive innovation in power supply technologies, supporting the market's expansion over the forecast period.

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AC DC Power Supply Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Supply Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-user Industry

      1. 2.1.1 Communication

      2. 2.1.2 Industrial

      3. 2.1.3 Consumer

      4. 2.1.4 Automotive/Transportation

      5. 2.1.5 Lighting

      6. 2.1.6 Servers

        1. 2.1.6.1 AI Server

        2. 2.1.6.2 Others

      7. 2.1.7 Other End-user Industries

    2. 2.2 By Geography***

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

      3. 2.2.3 Asia

        1. 2.2.3.1 China

        2. 2.2.3.2 India

        3. 2.2.3.3 Japan

        4. 2.2.3.4 Australia and New Zealand

      4. 2.2.4 Latin America

      5. 2.2.5 Middle East and Africa

AC DC Power Supply Market Size FAQs

The AC DC Power Supply Market size is expected to reach USD 31.55 billion in 2024 and grow at a CAGR of 6.43% to reach USD 43.08 billion by 2029.

In 2024, the AC DC Power Supply Market size is expected to reach USD 31.55 billion.

AC DC Power Supply Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)