Facts and Factors have published a new research report titled “AC DC Power Adapter Market by Application (Home Appliances, Computers & Laptops, Mobile Phones & Wearable, Consumer Electronics, Automotive, Industrial Products, and Others) and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
According to the research study, the global AC DC Power Adapter Market was estimated at USD 830 million in 2019 and is expected to reach USD 1,854 million by 2026. The global AC DC Power Adapter Market is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2019 to 2026. The Global AC DC Power Adapter Market Is Powered by Economic Development, Growth of Consumer Electronics, Rising Investment in Research and Development in IoT applications.
AC DC power adapter is an external power supply that converts AC power to the DC which can be used by dc gadgets. These are used by devices that cannot run by standard supply which is mostly in AC. These devices are not able to derive voltage and power from the mains supply therefore they require external circuitry to derive useful power. Devices with no power supply and the ones powered by a chargeable battery, both use ac/dc adapters. Conventional adapters step down the voltage and convert it to dc and are supplied to the device. Conventional adapters step down the mains voltage to the required level and convert it to dc and supply it to devices. The use of adapters allows portability of the device without bulky components and the same device can be powered from 120 VAC or 230 VAC mains, vehicle, or aircraft battery by using a different adapter. Another advantage of these designs can be increased safety; since the hazardous 120 or 240-volt mains power is transformed to a lower, safer voltage at the wall outlet, and the appliance that is handled by the user is powered by this lower voltage.
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