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AC adapters convert a higher-voltage alternating current to a lower-voltage direct current for use with devices that require a relatively constant voltage. Direct current is also required to recharge batteries, making AC adapters essential for electronic devices like laptops and cell phones. AC adapter is an external power supply used with devices that run on batteries or have no other power source. It helps reduce the size of a laptop computer by alleviating the need for a standard-sized power supply. AC adapter is made up of a central unit which draws power from an AC outlet. It then converts the power to DC that is used by the computer, and a second cord that plugs into the computer. There are several advantages of AC adapter like; safety, heat reduction, electronic noise reduction, weight and size reduction, ease of replacement and configuration versatility.
Based on the voltage, the market is segmented into three types, like 100V to 120V, 200V to 240V, and 110V to 240V. 100V to 120V leads the market, but later on, with the introduction of switched-mode supply, AC adapters, which are capable of working with any voltage range starting from 100V to 240V, became very much popular and is used in various types of applications in the smartphone, laptop, and smartwatch.
Key Market Driver -
Increasing consumer preference and adoption of smartphones, laptops and tablets.
Key Market Restraint -
Availability of counterfeit USB chargers.
Based on the application, the market is segmented as, smartphone, laptop, tablet, feature phone, smartwatch, and others. The laptop and tablet segment is projected to lead the market during the forecast period as they are majorly used to charge these electronic devices. They are also used to change the AC power from the electrical outlet into a particular type of voltage or power that an electronic device needs to work.
The key market driver of this market is increasing consumer preference and adoption of smartphones, laptops, and tablets, which will boost the use of AC adapter. Other market drivers are; increasing demand for fast charging and growing demand for enhanced functionalities in smartphones.
The key market restraint for the availability of counterfeit USB chargers like USB-A, USB-B, etc., which can restrict the uses and applications of the AC adapter market. Other restraints that hold the growth of AC adapter market includes leakage in the current during the charging due to the wear and tear of the internal circuit in the adapter.
Some of the major companies in the AC adapter market include Delta Electronics, B&K Precision Corporation, ETA-USA, Bel Power Solutions & Protection, Inventus Power, Cincon Electronics Co., Ltd., TDK-Lambda Americas, Spectrum Digital, B&B Electronics Ltd., Microchip Technology Inc., Advantech USA, Global Specialities, Atmel Corporation, and IBASEt.
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The global AC adapter market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, digitalization of the education system, online retail, and continuously growing social networking is increasing the demand for tablets, smartphones, and laptops, which in turn is expected to drive the market. Asia Pacific countries like India, China, Japan, and Singapore are expected to lead the market as many of the businesses and transactions are done through smartphones and laptops. Europe region is expected to hold a significant share in the market due to the technological advancements in the AC adapter market, which will boost the use of AC adapter. In the Middle East & Africa, in a country like, UAE, Dubai Electricity and Water Authority’s (DEWA’s) smart adoption rate for its services has reached 95% and customers completed over 2.5 million smart transactions in the year 2020 which is a factor that is leading to the growth of the market. Countries like Saudi Arabia and Iran are developing the consumer electronic markets, which will lead to the growth of AC adapter.
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