Blockchain Press Releases
AC-DC Power Supply Adapter Market Expected to Reach $24.5 Billion, Globally, By 2031 at 8.0% CAGR: Allied Market Research
The AC-DC power supply adapter market is driven by factors such as the surge in demand for efficient and low-voltage high-current processors and an advancement in consumer electronics, medical, and automotive sectors.
PORTLAND, Ore., July 11, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “AC-DC Power Supply Adapter Market By Type (AC-DC Wall Power Adapter, and AC-DC External Plug-in Power Adapter), Application (Home Appliances, Computer and Laptop, Mobile Phones and Wearable, Electronics, Automotive, Lighting Solutions, and Others), Industry Vertical (Consumer Electronics, Telecommunications, Food and Beverages, Medical and Healthcare, Military and Aerospace, and Industrial) and Sales Channel (Direct Sales, and Indirect Sales): Global Opportunity Analysis and Industry Forecast, 2022–2032″. According to the report, the global AC-DC power supply adapter industry generated $11.2 billion in 2022, and is projected to reach $24.5 billion by 2031, registering a CAGR of 8.0% from 2022 to 2031.
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Prime Determinants of Growth
The AC-DC power supply adapter market analysis is anticipated to expand significantly during the forecast period owing to surge in demand for efficient and low-voltage high-current processors, increase in advancements in consumer electronics, medical, and automotive sectors, and technologically advanced AC-DC power supply. Additionally, during the forecast period, the AC-DC Power supply adapter market is anticipated to benefit from the advent of digital transformation and automation for AC-DC power supply adapters. On the contrary, surge in mandatory safety standards and compliance with regulations is the prime restraint for AC-DC power supply adapter market growth during the forecast period. Nevertheless, the advent of digital transformation and automation is expected to provide prolific growth opportunities in the upcoming years.
Report Coverage and Details:
|
Report Coverage |
Details |
|
Forecast Period |
2022–2031 |
|
Base Year |
2022 |
|
Market Size in 2021 |
$11.2 billion |
|
Market Size in 2031 |
$24.5 billion |
|
CAGR |
8.0 % |
|
No. of Pages in Report |
423 |
|
Segments Covered |
Type, Application, Industry Vertical, Sales Channel, and Region |
|
Drivers |
The surge in demand for efficient and low-voltage high-current processors |
|
The advancement in consumer electronics, medical, and automotive sectors |
|
|
The advancements in consumer electronics, medical, and automotive sectors |
|
|
Opportunities |
The advent of digital transformation and automation |
|
Restraints |
The surge in mandatory safety standards and compliance with regulations |
COVID-19 Scenario:
- The pandemic had presented both challenges and opportunities for the AC-DC Power supply adapter market. The pandemic highlighted the importance of resilient power infrastructure to support essential services and remote working.
- Prime vendors recognized the need to invest in reliable electrical systems, including high voltage and current integrated circuits (ICs), to ensure uninterrupted power supply. This increased focus on resilient infrastructure presents opportunities for the AC-DC power supply adapter market.
The AC-DC wall power adapter segment to maintain its leadership status throughout the forecast period.
Based on type, the AC-DC wall power adapter segment held the highest market share in 2022, accounting for nearly three-fourths of the global AC-DC power supply adapter market revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and it is widely used in consumer electronics, where appliances such as smartphones, laptops and others are used widely. Moreover, the AC-DC external plug-in power adapter segment is projected to manifest the highest CAGR of 8.8% from 2023 to 2032, driven by growing adoption of industrial automation across various sectors, including manufacturing, oil and gas, utilities, transportation, and mining.
The consumer electronics segment to maintain its leadership status throughout the forecast period.
Based on industry vertical, the consumer electronics segment held the highest market share in 2022, accounting for more than half of the global AC-DC power supply adapter market revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and it is widely used for TVs, PCs, tablets, smartphones, wearables, speakers and headphones, digital cameras, gaming consoles, and augmented reality (AR) and virtual reality (VR) devices. Moreover, the industrial segment is projected to manifest the highest CAGR of 9.3% from 2023 to 2032, driven by growing adoption of industrial automation across various sectors, including manufacturing, oil and gas, and others.
The direct sales segment to maintain its leadership status throughout the forecast period.
Based on sales channel, the direct sales segment held the highest market share in 2022, accounting for more than three-fourths of the global AC-DC power supply adapter market revenue, and is estimated to maintain its leadership status throughout the forecast period, as most of the customers prefer buying the adapters directly from the manufacturers, as it provides warranty and guarantee for a period of time. Moreover, the indirect sales segment is projected to manifest the highest CAGR of 9.7% from 2023 to 2032, as manufacturers can access a larger consumer base and increase their market presence owing to the enormous reach and established networks of intermediaries including wholesalers, distributors, and retailers. Since these intermediaries already have connections to retailers and end consumers, more markets can be served, and distribution can be done effectively.
Asia-Pacific to maintain its dominance by 2032.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global AC-DC power supply adapter market revenue. This region is expected to witness the fastest CAGR of 9.2% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to the increase in infrastructure of utilities and increase in sales of consumer electronics.
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Leading Market Players:
- Ametek Inc.
- B&K Precision Corporation
- Delta Electronics, Inc.
- ETA-USA
- Huawei Technologies Co., Ltd.
- ITECH ELECTRONIC CO., LTD.
- Keysight Technologies
- KIKUSUI ELECTRONICS CORP
- Rohde & Schwarz
- TEKTRONIX, INC.
The report provides a detailed analysis of these key players of the global AC-DC power supply adapter market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits For Stakeholders:
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ac-dc power supply adapter market analysis from 2022 to 2032 to identify the prevailing ac-dc power supply adapter market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ac-dc power supply adapter market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ac-dc power supply adapter market trends, key players, market segments, application areas, and market growth strategies.
AC-DC Power Supply Adapter Market Key Segments:
By Type:
- AC-DC Wall Power Adapter
- AC-DC External Plug-in Power Adapter
By Application:
- Home Appliances
- Computer and Laptops
- Mobile Phones and Wearable
- Electronics
- Automotive
- Lighting Solutions
- Others
By Industry Vertical:
- Consumer Electronics
- Telecommunications
- Food and Beverages
- Medical and Healthcare
- Military and Aerospace
- Industrial
By Sales Channel:
- Direct Sales
- Indirect Sales
By Region:
- North America (U.S., Canada, and Mexico)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East and Africa)
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
Sweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
HONG KONG, Nov. 18, 2024 /PRNewswire/ — The past decade has witnessed a dramatic shift in consumer behavior, with online shopping becoming the norm, further accelerated by the pandemic. Reward programs have sprung up everywhere, incentivizing spending and fostering brand loyalty. The core of cashback is to encourage consumers to develop a habit of continuous shopping through rewards. This same logic is beginning to take root in the field of sports and health.
GYMetaverse, the innovative team behind the successful Live4Well Genesis NFT collection, is disrupting the rewards landscape with the launch of its upgraded VIV PASS program. This groundbreaking “move-to-earn” ecosystem incentivizes healthy habits, transforming sweat equity into tangible rewards. Live4Well envisions a positive feedback loop where exercise leads to better health, and better health leads to tangible benefits, realizing the concept of “health as wealth.”
Pioneering the “Fitness Mileage” Concept: Earn Rewards for an Active Lifestyle
This inclusive program is open to users worldwide with zero barriers to entry. In just minutes, users can download the Live4Well mobile app and register for free access to the VIV Pass ecosystem. Initially, Sweat Points, the program’s reward currency, can be earned through three primary avenues:
(1) Daily Exercise — Users accumulate points by tracking steps and calories burned, turning daily workouts into rewarding experiences.
(2) Competition Participation — Points are awarded for participating in designated sporting activities, simply by uploading proof of participation.
(3) Health & Fitness Spending — Users can upload receipts for eligible purchases in the designated sports and wellness categories to earn additional Sweat Points.
Live4Well makes the benefits of exercise immediately tangible, converting effort into visible rewards. Accumulated Sweat Points can be redeemed for a variety of prizes, including cash vouchers, fitness products, and exercise classes. The Live4Well app also empowers users to track their fitness data and participate in engaging challenges.
Creating a Global Sharing Economy: A triple win for Users, Businesses, and the Industry
Live4Well‘s vision extends beyond simply creating a health management platform. The “exercise-to-earn” concept fosters a mutually beneficial ecosystem:
(1) User Benefits — VIV PASS motivates individuals to adopt and maintain healthy exercise habits through a rewarding system.
(2) Business Advantages — The platform connects businesses with their target audience through community engagement and strategic partnerships, driving more effective product promotion.
(3) Industry Transformation — By creating a “move-to-earn” economy, Live4Well stimulates consumer spending, transforming calorie expenditure into a quantifiable reward unit. This innovative approach empowers businesses to generate revenue, expand operations, and seamlessly connect the virtual and physical worlds.
Since its inception, Live4Well‘s fitness alliance ecosystem has continued to expand. With ongoing optimization of its operational framework, the VIV PASS ecosystem provides easy access and a tiered membership system, fostering a comprehensive wellness mechanism which stimulates consumer engagement, and builds a thriving global sharing economy.
To learn more, please visit: https://www.live4well.io
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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
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The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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