The power supply sector has witnessed notable technological advancements over the past couple of decades. The growing demand for AC-DC power supply adapters for use in low-voltage high current processor applications is a major factor that is likely to provide an impetus for growth of the AC-DC power supply adapter market in the upcoming years. Shortcomings in the conventional electronic load due to significantly low voltage have gradually paved the way for technologically advanced AC-DC power supply adapters. Moreover, developments pertaining to the design of AC-DC power supply adapters in recent years have provided a considerable boost to the global AC-DC power supply adapter market.
AC-DC power supply adapters are extensively used in several industrial verticals, including electronics, medical, automotive, and home appliances. More recently, the growing adoption of wide-band-gap devices such as gallium nitride (GaN) and silicon carbide (SiC) has directly impacted the expansion of the AC-DC power supply adapter market. Over the past few years, owing to advancements in technology, GaN, and SiC technologies have increasingly become more feasible for commercial applications. At the back of these factors, along with the focus on revamping the electronic sector, the global AC-DC power supply adapter market is expected to attain a market value of US$ 19.5 Bn by the end of 2027.
Over the past decade, environmental concerns across an array of industrial domains have compelled participants in the global AC-DC power supply adapter market to lean toward the development of energy-efficient components. Across the power supplies sphere, energy conservation programs and initiatives have gained considerable popularity. The growing demand for efficient power conversion, while simultaneously complying with regulations is a major challenge for operators within the current AC-DC power supply adapter market landscape. Along with the consistent rise in the need for energy efficiency, focus on minimizing industrial waste to safeguard the environment has gained focus.
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In recent years, research and development activities circling around AC power supply adapters have shifted gears and gained considerable momentum– predominantly driven by environmental concerns and the rising demand for efficient engineering solutions to minimize environmental degradation. While increasing the efficiency levels of AC adapters is expected to remain a key area of interest for players operating in the AC-DC power supply adapter market, minimizing industrial waste is likely to remain imperative.
A unique research methodology has been utilized by TMR to conduct comprehensive research on the global AC-DC power supply adapter market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.
Secondary research sources referred to by analysts during production of the report on the global AC-DC power supply adapter market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to production of TMR’s study on the global AC-DC power supply adapter market as a primary research source.
These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global AC-DC power supply adapter market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global AC-DC power supply adapter market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global AC-DC power supply adapter market more reliable and accurate.