The global AC/DC & DC/DC merchant power supply & external power adaptors market size is expected to grow from USD XX Billion in 2021 to USD XX Billion by 2030, at a CAGR of XX% from 2022 to 2030. AC/DC power supply adapter is an external power supply. It is designed to use with devices that run on a battery and have no other external power source. AC/DC power supply adapter provides safety by converting high voltage into low voltage to the devices, which are handled by the user, such as electric irons, hairdryers, and many others. Properties of AC/DC power supply such as adaptability, durability, and others make the product of choice for various applications. All these factors are contributing in the growth of the AC/DC power supply adapter market.
Dynamics of the AC/DC & DC/DC merchant power supply & external power adaptors
The surging demand for smartphones & other consumer electronic devices across the globe has paved for the market’s growth. The increased demand for innovative and advanced technology in electronic devices has increased the demand for AC/DC & DC/DC merchant power supply & external power adaptors globally.
Moreover, all consumer electronics (office equipment and household equipment) have 5-10 devices that use the AC & DC adapters, such as cordless phones, cell phones, answering machines, and hair dryers. Therefore they are also driving the market’s growth.
The study categorizes the AC/DC & DC/DC merchant power supply & external power adaptors market based on type, power supply, and application at the regional and global levels.
Asia Pacific accounts for the highest CAGR during the forecast period
Based on the regions, the global AC/DC & DC/DC merchant power supply & external power adaptors market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global AC/DC & DC/DC merchant power supply & external power adaptors market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia-Pacific. The growth of the region is primarily due to strong economic growth in the domestic emerging countries such as China, Indonesia, Malaysia, and India.
This research report contains a review of the key companies operating in the cardiovascular testing market and their winning strategies, as well as a study of their development and marketing strategies, which will contribute in the market growth. The profiles of such major corporations, includes:
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