February 24, 2023 19:10 ET | Source: Allied Market Research Allied Market Research
Portland, OR, Feb. 24, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global AC-DC power supply adapter market was estimated at $10.86 billion in 2021 and is expected to hit $23.42 billion by 2031, registering a CAGR of 8.1% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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The global AC-DC power supply adapter market is analyzed across type, application, industry vertical, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By type, the AC-DC wall power adapter segment held the largest share in 2021, garnering around three-fourths of the global AC-DC power supply adapter market revenue, and is projected to maintain its dominance by 2031. However, the AC-DC external plug-in power adapter segment would also showcase the fastest CAGR of 8.9% during the forecast period.
By application, the mobile phones and wearable segment contributed to nearly 36.8% of the global AC-DC power supply adapter market share in 2021 and is projected to rule the roost by 2031. The automotive segment, on the other hand, would display the fastest CAGR of 9.2% throughout the forecast period.
By industry vertical, the consumer electronics segment accounted for the highest share in 2021, generating nearly half of the global AC-DC power supply adapter market revenue. The industrial segment would also portray the fastest CAGR of 9.1% during the forecast period. By region, Asia-Pacific held the major share in 2021, garnering more than one-third of the global AC-DC power supply adapter market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 9.2% from 2022 to 2031.
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The key market players analyzed in the global AC-DC power supply adapter market report B&K Precision Corporation, Delta Electronics Inc., Huawei Technologies Co., Ltd., Ametek Inc., Keysight Technologies, Tektronix, Inc., Rohde & Schwarz, Kikusui Electronics Corp., Itech electronic co., ltd., Good Will Instrument Co., Ltd., Chroma ATE Inc., and ETA-USA. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
AC-DC Power Supply Adapter Market Key Segments:
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