Breakthroughs in Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market : Market Drivers and Strategic Developments

 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.

The report offers a complete analysis of the global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market on a global and regional scale and offers a forecast for the market. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position.

Download Free Sample Report of Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market @ https://www.emergenresearch.com/request-sample/2234

Key companies profiled in the report include:

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

Key inclusions of the  Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market report:

COVID-19 effects on Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market growth figures.

Statistical analysis pertaining to market size, sales volume, and overall industry revenue.

Organized mentions of major market trends.

Growth opportunities.

Figures showcasing market growth rate.

Advantages and disadvantages of direct and indirect sales channels.

Insights regarding traders, distributors, and dealers present in the industry.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/alternating-current-direct-current-power-supply-adapter-market

The Global Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market Research Report offers a critical analysis of the competitive landscape, profiling key industry players, their market position, product portfolios, and recent developments. The report provides actionable insights that enable companies to adapt and stay resilient in an ever-evolving market environment. By offering a holistic view of the competition, businesses can better formulate strategies to enhance their market presence

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

Regional Outlook :

Global growth in the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market is driven by diverse regional dynamics. North America and Europe lead with technological advancements and strong regulatory frameworks, though supply chain disruptions and compliance issues pose challenges. Asia-Pacific, particularly China and India, is experiencing rapid expansion due to urbanization and rising consumer demand. Meanwhile, emerging markets in Latin America, the Middle East, and Africa are showing potential, supported by economic reforms and increasing investments, though political instability and infrastructure gaps remain obstacles to long-term growth.

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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market?

What are the key product types and applications of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Alternating Current-Direct Current (AC-DC) Power Supply Adapter Market Market by 2027?

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Look Over transcripts provided by Emergen Research @ 

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

About Us:

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 analyse 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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