A power adapter is also known as the “AC adapter” or “charger” or “power supply for the electronic devices”. They are plugged into a wall outlet; it converts AC to a single DC voltage. Additionally, Computers utilizes multiple DC voltages. While the power adapter is the outer part of the power supply for the laptop. Meanwhile, the auxiliary DC voltages are created via internal circuits.
Although, Desktop computer power supplies are in one internal unit that converts AC to DC voltages. It is utilized for other purposes such as, to output a varied AC voltage, rather than DC.
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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Power Adapter Market is expected to grow at a healthy CAGR during the forecast period . The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Power Adapter Market in the coming 10-years.
Key players covered in the report include:
• Belkin International
• MOMAX
• Xiaomi
• ROMOSS
• BULL
• Schneider Electric
• PISEN
• Huntkey
Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Food Packaging Equipment
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Power Adapter Market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Power Adapter Demand Analysis by Category
Based on the Type
• 100V-120V AC
• 200V-240V AC
• 110V-240V AC
Based on the Application
• Travel
• Residential
• Commercial
• Industrial
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Key Power Adapter Market Takeaways and Projections :
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.
Report Benefits & Key Questions Answered :
• Power Adapter Historical Market Analysis: The detailed survey by FMI, examines key factors in the Power Adapter Market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Power Adapter Market for the forecast period
• Power Adapter Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Power Adapter Market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
• Power Adapter Market Trend Analysis: The latest study by FMI on the Power Adapter Market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Power Adapter Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Power Adapter Market. Competitive information detailed in the Power Adapter Market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Power Adapter Market report.