Global External AC-DC Power Market Size By Type (Wall Plug-in, Desktop), By Application (Computer & Office, Mobile Communications), By Region, And Segment Forecasts, 2023 to 2032

The Global External AC-DC Power Market was valued at USD 12.5 billion in 2023 and is projected to reach USD 20.8 billion by 2031, growing at a CAGR of 6.3% during the forecast period from 2023 to 2031. The market growth is driven by increasing demand for energy-efficient power conversion devices, advancements in consumer electronics, and the proliferation of electric vehicles. External AC-DC power supplies are critical for converting alternating current (AC) to direct current (DC) for use in various devices, ensuring energy efficiency, reliability, and enhanced performance.

Drivers

Growing Consumer Electronics Market: With the increasing adoption of smartphones, tablets, and other portable devices, the demand for external AC-DC power supplies is witnessing a significant rise.

Advancements in Power Supply Technologies: Innovations such as GaN (Gallium Nitride) and SiC (Silicon Carbide) in power semiconductors are improving the efficiency and miniaturization of AC-DC converters.

Expansion of Renewable Energy Systems: External AC-DC power supplies are integral to renewable energy systems, driving market growth as global investment in renewables rises.

Restraints

High Production Costs: The development and manufacturing of advanced AC-DC converters are cost-intensive, potentially limiting their adoption in price-sensitive markets.

Market Saturation in Developed Regions: Mature markets, such as North America and Europe, may experience slower growth due to the high penetration of existing technologies.

Opportunities

Emerging Markets: Developing regions such as Asia-Pacific and Latin America present untapped potential, driven by the expansion of consumer electronics and industrial automation.

Smart Grid Integration: The integration of external AC-DC power supplies with smart grids for efficient energy management offers significant growth opportunities.

Market by System Type Insights

The market is segmented into Standard Power Supplies and Programmable Power Supplies:

Standard Power Supplies: Accounted for the largest market share in 2023, driven by their widespread applications in consumer electronics and industrial machinery.

Programmable Power Supplies: Expected to witness the fastest growth due to increasing demand for customization and flexibility in industrial and testing applications.

Market by End-Use Insights

Consumer Electronics: Dominated the market in 2023 with over 40% share, attributed to the rapid adoption of personal devices requiring external power conversion.

Automotive Industry: Gaining traction with the rising penetration of electric and hybrid vehicles requiring advanced power management systems.

Market by Regional Insights

Asia-Pacific: Emerged as the largest regional market in 2023, driven by robust industrial growth, increasing consumer electronics demand, and favorable government initiatives.

North America: Expected to show steady growth due to technological advancements and a strong focus on renewable energy integration.

Competitive Scenario

Key players include Delta Electronics, Inc., Murata Manufacturing Co., Ltd., TDK Corporation, Mean Well Enterprises Co., Ltd., Flex Ltd., and Cosel Co., Ltd.. These companies are investing in product innovations, partnerships, and expansions to strengthen their market position.

Scope of Work – Global External AC-DC Power Market

Key Market Developments

2023: Delta Electronics launched a new series of high-efficiency AC-DC power supplies, integrating GaN technology for compact designs.

2024: Murata Manufacturing expanded its production facility in Southeast Asia, focusing on advanced power supply technologies.

2025: TDK Corporation announced strategic collaborations with automotive OEMs for next-generation AC-DC power solutions tailored for electric vehicles.

FAQs

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

The market was valued at USD 12.5 billion in 2023.

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

The primary driver is the increasing demand for energy-efficient power solutions, especially in consumer electronics and electric vehicles.

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

Asia-Pacific is expected to remain the largest region due to industrial and technological advancements.

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

The Consumer Electronics segment held the largest share in 2023.

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

Key players include Delta Electronics, Inc., Murata Manufacturing Co., Ltd., TDK Corporation, Mean Well Enterprises Co., Ltd., and Flex Ltd.

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