Published Date : May 09, 2016
ALBANY, New York, May 09, 2016 – MarketResearchReports.biz has announced the addition of a new report, titled “Global AC And DC Adapter Market 2016-2020” to its repository. It covers the present scenario and prospects of the global AC and DC adapter market. This is a comprehensive report presenting insights into the prevailing market trends and factors that will affect its growth trajectory between 2016 and 2020.
AC and DC adapters are used for external power supply. They are often enclosed within AC plugs. Also referred to as plug pack, line power adapter, adapter block, domestic mains adapter, wall wart power brick, and power adapter, an AC and DV adapter is used to power electrical devices that may not be inbuilt with components to derive the required voltage from an external power unit.
According to the report, the global market for AC and DC power adapters is expected to exhibit a CAGR of 2.09% between 2016 and 2020. The market is likely to gain impetus from the rapid proliferation of devices such as smartphones, PCs, tablets, laptops, and smart watches. Many of the applications integrated in these devices consume a lot of power. Since these technologies are used to access the internet as per the user’s convenience, frequent charging is required to keep these devices powered. This results in increased demand for efficient chargers and batteries, which will subsequently boost the market for AC and DC adapters.
The growing popularity of universal power adapters is also expected to spur the market’s growth during the forecast period. These adapters are suitable to be used with devices such as smartphones, tablets, laptops, and PCs by negating the effects of voltage fluctuations. AC and DC adapters are very useful particularly when travelling from one place to another where power supply is an issue and must be converted to make it compatible with the gadget or device. Since universal adapters come with multiple plugs to match the sockets used in a majority of countries worldwide, their demand is expected to rise significantly in the near future.
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The robust expansion of the electronics industry will positively impact the market for AC and DC adapters. However, the demand for wireless charging has risen significantly in response to the introduction of the latest technologies. Such new trends will threaten the global market for AC and DC adapters and may hamper its expansion in the forthcoming years. Nevertheless, the market will continue gaining momentum due to the rising need for common charging platforms.
Regionally, the report segments the global AC and DC adapters market into the Americas, EMEA, and APAC. Of these, the AC and DC adapters market in the Americas held a dominant share of 44% in the overall market 2015. The digitization of education in the U.S. and Canada, the rising popularity of online retail and social networking, and the growing demand for the latest electronic gadgets in these countries will drive the market for AC and DC adapters in North America.
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