Global AC-DC External Power Supply (EPS) Market Size By Type (Up to 10W, 11W-50W), By Application (Computer & Office, Mobile Communications), By Region, And Segment Forecasts, 2023 to 2032

The Global AC-DC External Power Supply (EPS) Market was valued at USD 27.5 billion in 2023 and is projected to surpass USD 40.8 billion by 2031, registering a CAGR of 5.1% during the forecast period. The market is primarily driven by the increasing adoption of energy-efficient power supplies, rapid advancements in consumer electronics, and stringent energy efficiency regulations. EPS devices are widely used to power various electronic devices, including smartphones, laptops, and IoT devices, making them an integral part of the electronics ecosystem.

Drivers

Demand for Energy Efficiency: Rising environmental concerns and regulatory frameworks such as the EU's EcoDesign Directive are pushing manufacturers to produce energy-efficient power supplies.

Growth in Consumer Electronics: The proliferation of electronic devices such as mobile phones, gaming consoles, and wearable technology is driving demand for advanced external power supply units.

IoT Expansion: The growth of IoT ecosystems in homes and industries has increased the demand for reliable, energy-efficient power solutions.

Restraints

Price Sensitivity in Developing Markets: The high initial cost of energy-efficient EPS units may restrict adoption in price-sensitive markets.

Raw Material Volatility: Fluctuations in the prices of key raw materials, such as copper and semiconductors, can impact production costs and profitability.

Opportunities

Emerging Markets: The growing adoption of electronics in Asia-Pacific and Latin America offers substantial opportunities for market expansion.

Technological Advancements: The integration of GaN and SiC technologies is paving the way for more compact, efficient, and high-performance power supplies.

Market by System Type Insights

The Switched-Mode Power Supply (SMPS) segment dominated the market in 2023, driven by its high efficiency, lightweight design, and ability to handle varying loads. This segment is expected to witness continued growth, supported by advancements in GaN-based power converters.

Market by End-use Insights

The Consumer Electronics segment accounted for the largest share in 2023, contributing over 50% of the market revenue. The increasing penetration of smartphones, laptops, and wearables is a significant driver of this segment. Additionally, the Industrial sector is poised for growth, driven by the adoption of automation technologies requiring efficient power solutions.

Market by Regional Insights

North America: Held the largest share in 2023, attributed to high consumer demand for electronics and stringent energy regulations.

Asia-Pacific: Anticipated to witness the highest growth rate during the forecast period, driven by rapid industrialization, a growing electronics market, and increasing disposable incomes.

Competitive Scenario

Key players in the Global AC-DC External Power Supply Market include:

Delta Electronics, Inc.

Flex Ltd.

Lite-On Technology Corp.

Bel Fuse Inc.

Mean Well Enterprises Co., Ltd.

Companies are focusing on innovations such as the integration of IoT features into power supplies and partnerships to expand their geographic footprint.

Scope of Work – Global AC-DC External Power Supply (EPS) Market

Key Market Developments

2023: Delta Electronics launched a new line of GaN-based EPS units, offering higher efficiency and compact designs.

2024: Mean Well Enterprises partnered with an IoT platform provider to integrate smart features into power supplies.

2025: Lite-On Technology announced plans to establish a new manufacturing unit in Southeast Asia to meet the growing demand.

FAQs

What is the current market size of the Global AC-DC External Power Supply Market?

The market was valued at USD 27.5 billion in 2023.

What is the major growth driver of the Global AC-DC External Power Supply Market?

The rising demand for energy-efficient solutions and advancements in consumer electronics.

Which is the largest region during the forecast period in the Global AC-DC External Power Supply Market?

North America is currently the largest region, but Asia-Pacific is expected to grow the fastest.

Which segment accounted for the largest market share in the Global AC-DC External Power Supply Market?

The Consumer Electronics segment.

Who are the key market players in the Global AC-DC External Power Supply Market?

Delta Electronics, Lite-On Technology Corp., Bel Fuse Inc., Mean Well Enterprises Co., Ltd., and Flex Ltd.