AC-DC Converter Market size worth US$34.140 billion in 2029
The AC-DC converter market is anticipated to grow at a CAGR of 10.12% reaching a market size of US$34.140 billion in 2029 from US$17.382 billion in 2022.
The market of AC-DC converters is significantly impacted favourably by the increased usage of smartphone devices.
As per the report, the market for AC-DC converter is projected to grow during the forecast period.
AC-DC converter is an electronic device that performs the conversion of alternative current into direct current in an electric circuit. The alternative name for AC-DC converter is rectifiers. AC- DC converters are used in various consumer electronic items such as smartphones, laptops, PCs, and televisions.AC- DC converters consume low energy, flexible for small spaces, and are cost-effective making them a good choice to incorporate in various electronic items. Growing demand for smartphones is the primary driving force behind the AC-DC converter market growth.
For instance, according to The State Council published a report in January 2024 China’s shipment with a respective smartphone has significantly increased by 6.5% over the years which is 289 million units in the year 2023. With respective 5G smartphones, the shipments in the year 2022 were 240 million with a surge of 11.9 % on a yearly database which results in 82. 8 % of China’s total smartphone devices shipments.
The AC -DC converter market has been categorized based on type, power, and end-user.
As per the category, the market has been classified into linear and switched types. AC-DC converter types specifically act as the conversion of current in an electric circuit where switched is preferred in present electronic devices due to their reduced cost, high efficacy output, and compact size makes them vulnerable to incorporate in the electronic devices in the market.
As per the category, the market has been classified into low and high power. The low and high power serves various electronic devices in the market based on the requirement of applications. High power is preferred as these high-power AC -DC converter power types serve in large electronic devices like laptops and PC’s by providing a high-power supply and can hold large voltage.
As per the category, the market has been classified into automotive, medical and healthcare, industrial, and others. AC-DC converters play a vital role in industries by providing consistent power supply and voltage to various operations to maximize the output as in industries the high-power supply is used to carry out the operations to without any interruption by the electric facility which costs millions of losses to the organization.
By region, Asia Pacific is projected to account for a significant share of the AC-DC converter market due to the various factors like governments in the region promoting the domestic production of electronic devices industry enhancing the investments funding for various electronic manufacturing companies. Furthermore, the region has witnessed a significant surge in the sales of electronic devices specifically smartphones and electronic gadgets like wearables etc. regions like China, Japan, South Korea and Taiwan are the significant players in the semiconductor industry which propels the AC-DC converter market in upcoming years.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-ac-dc-converter-market
This AC-DC converter market has been analysed into the following segments:
- By Type
- Linear
- Switched
- By Power
- Low
- High
- By End-User
- Automotive
- Medical & Healthcare
- Electrical & Electronics
- Industrial
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- UK
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Other
- North America
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