The AC DC power adapter market is valued at USD 1,386.5 million in 2024. Growing automation and integration of IoT have significantly fueled the industry’s growth trajectory. Power adapters are recognized as essential components for future technological advancements.
- The market’s estimated value is projected to reach USD 3,357.5 million by 2034, up from USD 1,358.9 million in 2022.
- Sales are expected to rise due to ongoing technological advancements.
- Consumer electronic goods and the automobile industry are major drivers of demand for power adapters.
- The market is anticipated to exhibit a CAGR of 9.2% through 2034.
Power Adapter Market: Drivers and Restraints:
The worldwide power adapter market is driven by various factors to be specific to the rising selection of homes and building automatics frameworks. With the ascent in dispensable earnings of individuals all around the globe, the need and interest for better lighting additionally expanded.
Not just this, there has been a rising worry for condition assurance and this, further empowered the interest for power adaptors supplies all around the globe.
Get your Sample Report to Boost Your Industry Knowledge for Valuable Insights!
https://www.futuremarketinsights.com/reports/sample/rep-gb-12034
Moreover, the rising media transmission segment is likewise based for the most part out of intensity gracefully. In this way, the reliance of media transmission division on power adaptors is additionally on the ascent. This thus is additionally evaluated to expand the development of the power adaptors in the coming years.
Notwithstanding, the expanding appropriation of high-voltage direct current or HDVC and the advancement and selection of sustainable power source assets may hamper future development of the AC-DC power adaptors market.
Aside from that the security gauges forced by the legislature of various districts and their administrative measure may likewise limit the development of the power adaptors market.
Power Adapter Market: Overview
The power adapter market is witnessed to observe remarkable development in the years to come as a result of the ascent in many purchaser interests for lighting frameworks that are vitality proficient.
Although the ascent deprived for a power adapter in medicinal services and clinical gadget showcase is estimated to support the general development of the power adaptors during the forecasted time frame.
Additionally, the presentation and appropriation of LED lights which are both vitality productive and financially savvy may likewise quicken the development of the worldwide power adaptor later on years.
Country-wise Insights
| Countries | CAGR from 2024 to 2034 |
|---|---|
| Australia | 8.3% |
| India | 7.8% |
| Germany | 6.3% |
| China | 5.8% |
| United States | 5.4% |
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-12034
Power Adapter Market: Regional Wise Outlook
Geographically, the power adapter market is segmented into eight regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, China, Japan the Middle East and Africa. The Asia Pacific is expected to dominate the global power adaptor market followed by North America Europe.
Asia Pacific is dominating the power adaptors market owing to the Acceptance of consumer goods including smartphone devices, set-top boxes, HD TVs, entertainment systems, and computers and laptops due to increase in digitization trend in countries i.e. India and China has raising rapidly. Hence it is estimated to fuel the growth of the power adapters’ regional market.
North America market is estimated to provide lucrative growth opportunities during the forecasted period due to rising headways in innovation that empower fast information transmission which would likewise upsurge deals of such items in nations, for example, the US and Canada. Income from Europe advertise is required to enroll a moderate development rate sooner rather than later.
Key Segments Covered in the AC DC power adapter Industry Analysis
by Type:
- 100V-120V AC
- 200V-240V AC
- 110V-240V AC
by Application:
- Travel
- Residential
- Commercial
- Industrial
by Region:
- North America AC DC power adapter Market
- Latin America AC DC power adapter Market
- Europe AC DC power adapter Market
- Asia Pacific AC DC power adapter Market
- Middle East & Africa AC DC power adapter Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube