AC DC Power Supply Market Size (2024 - 2029)

AC DC Power Supply Market Analysis

The AC DC Power Supply Market size is estimated at USD 31.55 billion in 2024, and is expected to reach USD 43.08 billion by 2029, growing at a CAGR of 6.43% during the forecast period (2024-2029).

AC-DC power supply devices have become increasingly popular over the years, as they play a crucial role in providing energy to electric loads for consumption and operation. The growing demand for power supply in various industries and industrial equipment is anticipated to boost its demand further.

• AC-DC power supply converters are used to maintain a stable voltage supply for a variety of devices, such as laptops, smartphones, and tablets. The demand for these converters is increasing as more and more devices are sold. However, due to the low-quality materials used in the manufacturing of AC-DC Power supply adapters, the finished products are of poor quality. The universal AC-DC adapter is currently being tested. Owing to the Internet of Things (IoT) technology, AC-DC power supply adapters with a power output of just a few watts are currently available on the market.
• The primary objective of AC/DC power supplies is to generate a regulated voltage output for electronic and electrical devices. As the production and demand for electronic devices like laptops, computers, mobile phones, and other consumer electronics continue to rise, the need for a consistent DC power supply for these gadgets is also increasing.
• The AC/DC converters are expected to witness an increase in demand from the consumer electronics sector, which is projected to dominate the global market. With the proliferation of smartphones, tablets, and other portable electronic devices, the demand for AC-DC power supply devices is increasing rapidly to keep these devices charged and operational. As these devices become more powerful and feature-rich, more sophisticated power management solutions are necessary to ensure optimal performance and battery life. Further, the Internet of Things (IoT) is driving the demand for connected devices that require power supply solutions.
• The market is experiencing growth due to the rising use of Internet of Things (IoT) in different areas like smart homes, smart cities, Machine-to-machine (M2M) communications, and Industrial IoT (IIoT). The increasing implementation of home and building automation systems is also contributing to market expansion. However, obstacles are anticipated in the market growth because of regulatory and safety standards that vary by region and country. The power supply devices market is expected to encounter difficulties because of strict design requirements for input power and nonstandard AC and DC inputs.
• The geopolitical tensions over access to critical raw materials such as rare earth metals, minerals, and semiconductor materials used in power devices are disrupting the supply chains and driving up manufacturing costs. Dependence on specific regions or countries for critical resources exposes manufacturers to geopolitical risks and vulnerabilities. For instance, over the last year, there has been a significant rise in geopolitical tensions between the United States and China, leading to a complete transformation of global supply chains that have been in place for the past ten years.

AC DC Power Supply Industry Segmentation

An AC/DC power supply transforms the alternating current (AC) into a direct current (DC) voltage that can be used to power various electrical devices. Alternating current is primarily used to transfer electric power all across the electric grid, from generators to end users.

The AC DC power supply market is segmented by end-user industry (communication, industrial, consumer, automotive, lighting, servers [AI server and others], and other end-user industries) and geography (North America (United States and Canada), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of the World). The market size and forecasts are provided in terms of value in USD for all the above segments.