Global AC-DC Power Adapters Market Size and Share Analysis 2023-2028

Market Overview

The Global AC-DC Power Adapter Market, valued at USD 13,488 million in 2022, is expected to reach USD 21,910 million by 2028, with a CAGR of 8.18% during the forecast period of 2023-2028. AC-DC power adapters, also known as AC adapters, are external power supply units that convert alternating current (AC) into the required direct current (DC) for electrical and electronic equipment that cannot directly draw power from the main network.

These adapters consist of a transformer, rectifying unit, and filtering unit, enclosed in a compact and sealed unit for safety and aesthetic purposes. They play a crucial role in converting AC power to DC for various portable devices, household electronics, and commercial electronics used in consumer electronics, computing, and industrial applications. Cordless phones, cell phones, answering machines, hair dryers, and other portable devices rely on AC-DC power adapters for their operation.

Product Type

Market Research



Release Date

April 2023

Base Year


Forecast Period


Market Size

USD 13.5 billion in 2021

Market Segments

Application, Region



No. of Companies Mentioned


The demand for AC-DC power adapters is driven by the increasing implementation of home and building automation systems and the growing performance of portable consumer electronics and computing devices. The adoption of smartphones has seen significant growth, with global smartphone subscriptions projected to reach 7,690 million by 2027. AC-DC power adapters are widely used in the smartphone industry, making them essential for supporting this market’s growth.

However, the market faces challenges such as the higher penetration of substandard adapters, particularly in less developed regions. Additionally, the increasing demand for silicon carbide (SiC) and gallium nitride (GaN) devices poses a challenge to the growth of the AC-DC power adapter market. The COVID-19 pandemic has also had an impact on the market. During the initial phase, manufacturers faced difficulties in securing the supply of raw materials and components due to strict lockdown measures, leading to disruptions in the global supply chain. However, the increased demand for computing and consumer electronics devices since then has supported the growth of the AC-DC power adapter market.

Market Segmentation

The market is segmented based on various factors, including application and region.

Segmentation by Application
Mobile Devices
Consumer Electronics
Industrial Applications

Segmentation by Region
North America
Rest of the World

By segmenting the market based on end-user industry, it was found that the Mobile Device segment had the highest market share of 41.79% in 2022. This segment is expected to maintain its position as the largest during the forecast period, reaching a market share of 43.85% by 2028. The growth of this segment can be attributed to the increasing adoption of digital solutions among consumers, leading to a significant rise in the use of smartphones, tablets, wearables, and other mobile devices.

Mobile devices heavily rely on AC-DC power adapters because they are mostly battery-operated and cannot directly utilize electricity from a power source. Notable mobile devices in the market include smartphones, tablets, laptops, cordless phones, cell phones, and smartwatches. The telecommunication industry’s expansion has played a crucial role in driving the mobile device market, as these devices are widely used for communication purposes. Additionally, technological advancements have made mobile devices multifunctional, serving as alternatives to traditional computers.

Furthermore, the increasing penetration of e-commerce and digital solutions has expanded the use cases for mobile devices, further boosting their adoption. These devices are relatively affordable compared to desktop computers and are portable, making them highly sought after in the consumer segment. The demand for smartphones has particularly surged in emerging economies. Moreover, the introduction of 5G-enabled smartphones and the growing telecom and automation markets have driven the demand for 5G-enabled mobile devices across various industries. As a result, it is anticipated that AC-DC power adapters will experience robust growth due to the escalating production and demand for smartphones.

The consumer electronics industry has undergone significant evolution, transitioning from manual household appliances to smart devices with advanced features such as automation, remote control, and intelligent energy utilization. Key consumer electronic products studied include home and building automation devices, as well as home appliances. Given that consumer appliances operate on electricity and are smaller than their industrial counterparts, it is necessary to convert the input current to a lower level. AC-DC power adapters are widely used in the consumer electronics industry because many devices either come with built-in batteries or operate on direct current.

In terms of geography, Asia-Pacific held the largest market share with revenue of 44.10% in 2022. The region is projected to reach USD 9,402 million in revenue by 2028, registering a CAGR of 7.69% during the forecast period. However, it is noteworthy that North America is expected to exhibit the highest growth rate among all regions during the same period.

North America, primarily consisting of the United States and Canada, has maintained its leadership position in the semiconductor industry’s overall sales market share for several decades. The adoption of smart home devices in North America has witnessed significant growth, ranging from lighting and doorbells to refrigerators. The increased application of smart homes and IoT devices has driven the demand for AC-DC power adapters in the region.

The booming consumer electronics industry in North America is a key driver of market growth. The Consumer Technology Association (CTA) forecasted that the consumer technology industry in the United States would generate over USD 505 billion in retail sales revenue in 2022, representing a 2.8% increase compared to the impressive 9.6% growth in 2021. According to CTA, the strong demand for smartphones, automotive tech, health devices, and streaming services would contribute significantly to this projected revenue. The smart home market in the United States was also expected to grow by 3% in 2022, reaching USD 23.8 billion, driven by the need for energy-efficient and cost-saving solutions like thermostats, lighting, and smart outlets. Consequently, the demand for analog ICs in the region is expected to increase due to the rising demand for smart home and smart power management devices.

According to Ericsson, smartphone subscriptions in North America are anticipated to rise from 310 million in 2021 to 330 million by 2028. The deployment of 5G is expected to further drive the adoption of smartphones in the region as customers switch to 5G-enabled devices. Viavi Solutions reported that as of 2022, 5G services were available in 296 cities across the United States. Ericsson predicts that 5G subscriptions in North America will surge from 79 million in 2021 to 420 million in 2028. With the momentum of 5G rollouts in North America over the past two years, many businesses are utilizing the speed and low latency processing capabilities of 5G with edge computing to create an agile, efficient, and IoT-driven future. These trends are expected to fuel market growth in the region.

Competitive Landscape

Key Companies Profiled in this report include AcBel Polytech Inc., Belkin International (Foxconn), Delta Electronics Inc., Lite-on Technology Corporation, Mean Well Enterprises Co., Ltd., Momax, Orico Technologies Co., Ltd., Salcomp plc, Shenzhen Huntkey Electric Co., Ltd.

Recent Developments

In October 2022, Belkin International unveiled the 3-Outlet Power Cube on the renowned e-commerce platform, This innovative product combines three AC outlets and three USB-A ports into a single compact solution. By leveraging the vast customer base and reach of Amazon, Belkin can effectively tap into a large market to promote and sell their product.

In August 2022, Belkin introduced another cutting-edge offering, the BOOSTCHARGE PRO Dual USB-C GaN Wall Charger with PPS. This charger incorporates a Programmable Power Supply (PPS) technology, enabling it to deliver the optimal power levels for charging multiple devices simultaneously. The integration of PPS ensures an efficient and ideal charging experience for users, enhancing the versatility and performance of the charger.

Key Questions Answered

What is the timeframe for studying the AC-DC Power Adapters Market?
The study of the AC-DC Power Adapters Market covers the period from 2018 to 2028.

What is the growth rate of the AC-DC Power Adapters Market?
The AC-DC Power Adapters Market is experiencing a compound annual growth rate (CAGR) of 8.18% over the next five years.

What is the size of the AC-DC Power Adapters Market?
The AC-DC Power Adapters Market is projected to reach USD 14,788 million in 2023 and is expected to grow at a CAGR of 8.18% to reach USD 21,910 million by 2028.

Which region has the highest growth rate in the AC-DC Power Adapters Market?
North America exhibits the highest CAGR from 2018 to 2028 in the AC-DC Power Adapters Market.

Which region holds the largest share in the AC-DC Power Adapters Market?
Asia-Pacific currently holds the highest market share in 2022 in the AC-DC Power Adapters Market.

Who are the key players in the AC-DC Power Adapters Market?
The major companies operating in the AC-DC Power Adapters Market include AcBel Polytech Inc., Belkin International (Foxconn), Delta Electronics Inc., Lite-On Technology Corporation, and Mean Well Enterprises Co. Ltd.

Original price was: USD 4,750.Current price is: USD 2,850.

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Global AC-DC Power Adapters Market Size and Share Analysis 2023-2028

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Global AC-DC Power Adapters Market Size and Share Analysis 2023-2028

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