Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Demand, Scope, Share, Growth, Applications, Types and Forecasts Report 2032

 The global Alternating Current-Direct Current (AC-DC) power supply adapter market size was USD 11.16 Billion in 2022 and is expected to register a revenue CAGR of 7.9% during the forecast period, according to the latest analysis by Emergen Research. Rapid expansion of electric vehicles across the globe is a major factor driving market revenue growth.

Revenue growth of the Alternating Current-Direct Current (AC-DC) power supply adapter market is driven by global adoption of Electric Vehicles (EVs). The electric vehicle market is experiencing remarkable growth, with sales surpassing 10 million in 2022. The proportion of electric cars in total sales has more than tripled in just three years, rising from approximately 4% in 2020 to 14% in 2022. This momentum is expected to continue in 2023, with strong sales expected to persist. In the first quarter of 2023, over 2.3 million electric cars were sold, marking a significant 25% increase compared to the same period the previous year. The outlook for the entire year remains promising, with an estimated 14 million electric car sales by the end of 2023, representing a notable 35% year-on-year surge. This growth is expected to accelerate further in the second half of the year as new purchases continue to rise.  The demand for the infrastructure needed to allow charging for electric vehicles is rising as their uptake soars. Adapters for converting alternating current from the grid to direct current needed to charge an electric vehicle's batteries are crucial parts of EV charging stations. In addition, there is a rising demand for portable charging options including home charging units and portable chargers that use AC-DC power supply adapters due to the popularity of electric vehicles. The automotive industry's rapid shift toward electric mobility is consequently spurring investments in charging infrastructure, thus creating a high demand for AC-DC power supply adapters globally and driving substantial revenue growth for companies operating in this market.

Some of the key factors driving the growth of the global Alternating Current-Direct Current (AC-DC) Power Supply Adapter market include expanding R&D efforts to develop novel Alternating Current-Direct Current (AC-DC) Power Supply Adapter products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Alternating Current-Direct Current (AC-DC) Power Supply Adapter

The COVID-19 pandemic had a significant negative influence on the market for Alternating Current-Direct Current (AC-DC) Power Supply Adapter in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Alternating Current-Direct Current (AC-DC) Power Supply Adapter were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Alternating Current-Direct Current (AC-DC) Power Supply Adapter in 2020. Additionally, demand for Alternating Current-Direct Current (AC-DC) Power Supply Adapter decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Alternating Current-Direct Current (AC-DC) Power Supply Adapter market : Competitive Landscape

The prominent players operating in the Alternating Current-Direct Current (AC-DC) Power Supply Adapter market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter market .

Some of the prominent players operating in the market are:

STMicroelectronics, TDK Corporation, Advantech, Infineon Technologies, Microchip Technology Inc., Murata Manufacturing Co., Ltd., Texas Instruments, XP Power, Artesyn Embedded Power, Vicor Corporation, Mornsun Guangzhou Science & Technology Co., Ltd., and Recom Power

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/alternating-current-direct-current-power-supply-adapter-market

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Alternating Current-Direct Current (AC-DC) Power Supply Adapter market ?

What are the key factors driving the Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Alternating Current-Direct Current (AC-DC) Power Supply Adapter market ?

Who are the distributors, traders, and dealers of Alternating Current-Direct Current (AC-DC) Power Supply Adapter market ?

What are the Alternating Current-Direct Current (AC-DC) Power Supply Adapter market opportunities and threats faced by the vendors in the Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

  • Type Outlook (Revenue, USD Billion; 2019-2032)

    • AC-DC Wall Power Adapter
    • AC-DC External Plug-in Power Adapter
    • AC-DC Mountable Power Supply Adapter
    • Others

  • Input Voltage Outlook (Revenue, USD Billion; 2019-2032)

    • < 24V
    • 25-50V
    • >50V

  • Output Power Outlook (Revenue, USD Billion; 2019-2032)

    • < 50W
    • 50-100W
    • 101-250W
    • 251-500W
    • 501-1000W
    • >1000W

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Regional Bifurcation of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter market Includes:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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