The global AC-DC controller market is expected to be valued at USD 6,943.6 million in 2023 and is projected to reach USD 14,624.3 million by 2033. A CAGR worth 7.7% is expected for the market during the forecast period.
The increased use of AC-DC controllers in LED lighting systems can be attributed to the company's growth. AC-DC controllers are widely used by several companies that manufacture and sell consumer devices.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 6,943.6 million |
| Projected Forecast Value (2033) | USD 14,624.3 million |
| Anticipated Growth Rate (2023 to 2033) | 7.7% |
The next-generation AC-DC controller is a high-efficiency control IC with advanced features such as low standby power, high active mode efficiency, and power factor adjustment. AC/DC controllers, such as dual PWM controllers, are now combined with AC/DC power supplies to improve overall efficiency and performance.
Innovative, novel, and highly advanced electronic devices are also becoming increasingly popular. This trend is predicted to boost the production and supply of AC-DC controllers, which are needed to charge and operate these electronic devices. Another reason driving the increase in AC-DC controller manufacture is the supply-demand connection.
Most AC-DC controller companies are finding it difficult to increase efficiency across the load line. Certain applications, such as electroplating, battery charging, and electric propulsion, cannot employ alternating voltages. During the projected period, such usages are expected to hamper the demand in the global AC-DC controller market.
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The market for AC-DC controllers is expected to grow rapidly due to rising disposable income and a shift in consumer behavior. Nowadays, consumers have access to a wide range of products owing to internet shopping, and LED lighting is one of the most popular online purchases. As a result, the growing use of AC-DC controllers in LED lighting applications is propelling the AC-DC controller market forward.
The overall market for smartphones and electronic devices is increasing rapidly. New, innovative, and highly advanced electronic devices are becoming increasingly popular. This trend is predicted to boost the production and supply of AC-DC controllers, which are needed to charge and operate these electronic devices.
Another reason driving the increase in AC-DC controller manufacture is the supply-demand connection. China is leading in terms of registered producers, the country's switching power supply sector is continually expanding. The AC-DC controller market is increasing globally as a consequence of the rising demand for electronic products that require AC-DC controllers.
The global market for smartphones and electronic gadgets is rapidly expanding. The popularity of new, innovative, and technologically advanced electronic products is also growing. This trend is expected to increase the production and supply of AC-DC controllers used in the charging and operation of these electronic devices.
The domestic electric appliance industry in various countries has grown steadily in recent years. The trend is expected to continue in the near future. As the industry's competition heats up due to the adoption of new mobile phones and other electronic devices, enterprises are seeing transformation and improvements in AC-DC controllers.
The relationship between supply and demand is another factor driving the increase in the production of AC-DC controllers. Despite the fact that there are numerous registered manufacturers in China, the country's switching power supply industry is still growing. As a result of the increased demand for electronic devices that require AC-DC controllers, the AC-DC controller market is growing worldwide.
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Most AC-DC controller companies need help to increase efficiency across the load terminals. Furthermore, alternating voltages are incompatible with some purposes, such as electroplating, battery charging, and electric traction.
Local manufacturers utilize established brands' trademarks, branding, emblems, software, or other proprietary information without their permission to deceive buyers into believing they are purchasing legitimate products. These imitation goods are of lesser quality and are often marketed at significantly lower prices than authentic goods. AC-DC controller supply adapters are available from a range of worldwide and local suppliers. As a result, the limitations mentioned earlier hinder market expansion. These local producers are satisfying the demand for local products and boosting their supply in the foreign arena.
As AC-DC controllers are composed of low-quality components, the end products are equally low-quality. This has an adverse effect on the global market for AC-DC controllers.
| Segment | Isolated AC-DC Controllers |
|---|---|
| Market Share % (2022) | 65.5% |
During the projected period, isolated AC-DC controllers are expected to grow at a maximum CAGR of 6.6%. Isolated AC-DC Controllers are likely to lead the market over the projection period due to their ability to prevent direct current.
The isolated goods have improved security measures. When it comes to safety, the insulation grade must also be addressed. Safety regulations should be studied to establish what level of insulation is required for a certain application. Insulation grade is classified into functional, basic, supplementary, and reinforced categories. As a result, greater safety in this segment is likely to drive AC-DC controller demand throughout the projection period.
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| Segment | Industrial Applications |
|---|---|
| Market Share % (2022) | 34.4% |
By application, the industrial segment is projected to exhibit a CAGR of 6.5% and lead the market during the forecast period. The escalating use of AC-DC controllers in commercial processes is also expected to encourage the adoption of AC-DC controllers throughout the projected period.
| Region | North America |
|---|---|
| Market Share % (2022) | 29.4% |
In terms of market share and revenue, the North American market is expected to be the most lucrative market during the projection period. The analysts at Future Market Insights predict that by 2023, the market of AC-DC controllers in North America is expected to acquire a global market size of more than 29.4%.
This is because of rigorous government measures designed to reduce the greenhouse effect during the projected period. Factors such as expanding consumer electronics and automotive demand in the region, increasing vehicle electrification, and increased investments in smart cities are driving the growth of this market.
Due to the high concentration of the large-scale semiconductor sector in this area, the AC-DC controller market in North America is predicted to have the greatest market share throughout the projection period.
| Region | Europe |
|---|---|
| Market Share % (2022) | 25.6% |
In 2022, Europe held around 25.6% of the global market share. This region is expected to steadily grow the global AC-DC controller market during the forecast period.
During the projected period, Europe is expected to be the second-leading market for AC-DC power conversion. This is due to the growing automobile industry in European countries.
European automakers are progressively adopting AC-DC power conversion in cars and other vehicles. The advantages of adopting AC-DC power converters include higher fuel efficiency, increased safety, and lower maintenance costs. Some of the primary applications of AC-DC power conversion in the automobile sector include electric power steering (EPS), which is a growing trend in the industry. An electric motor is used by EPS to aid the driver in steering the vehicle. As a result, such developments are projected to drive demand in this region during the projection period.
The Asia Pacific market for AC-DC controllers is expected to be one of the fastest-growing markets in the world. The regional market comprises emerging economies such as China, India, and Japan, whose commercial as well as industrial developments are taking place at a higher rate than other developing nations throughout the world. This region is also predicted to increase at a CAGR greater than 6% due to the rising construction and industrial sectors during the forecast period.
The key players of this market include ON Semiconductor, NXP Semiconductors, Infineon Technologies, Inc., Texas Instruments Incorporated, Diodes Incorporated, Campbell Scientific, Inc., Rockwell Automation, TDK-Lambda Americas Inc., ROHM Semiconductor, Richtek Technology, and Curtiss-Wright.
| Attribute | Details |
|---|---|
| Growth Rate | 7.7% CAGR from 2023 to 2033 |
| Market Value for 2023 | USD 6,943.6 million |
| Market Value for 2033 | USD 14,624.3 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Output Power, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, The United Kingdom, Italy, BENELUX, Nordic Countries, Russia, China, Japan, South Korea, GCC Countries, South Africa |
| Key Companies Profiled | ON Semiconductor; NXP Semiconductors; Infineon Technologies, Inc.; Texas Instruments Incorporated; Diodes Incorporated; Campbell Scientific, Inc.; ROHM Semiconductor; Richtek Technology; Curtiss-Wright |
| Report Customization & Pricing | Available upon Request |
North America is the region with significant demand for AC-DC controllers.
Europe is the second-leading region, with a market share of 25.6% in 2022.
Plastic is the material of choice for AC-DC controller construction.
Industrial segment with a share of 34.4% may lead the market.
The market is estimated to record a valuation of USD 6,943.6 million in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Isolated 5.2. Non Isolated 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Output Power 6.1. 0-25 W 6.2. 25-50 W 6.3. 50-75 W 6.4. 75-150 W 6.5. 150-500 W 6.6. More than 500 W 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Automotive Applications 7.2. Industrial Applications 7.3. Commercial Applications 7.4. Healthcare 7.5. Other Applications 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. ON Semiconductor 18.2. NXP Semiconductors 18.3. Infineon Technologies, Inc. 18.4. Texas Instruments Incorporated 18.5. Diodes Incorporated 18.6. Campbell Scientific, Inc. 18.7. ROHM Semiconductor 18.8. Richtek Technology 18.9. Curtiss-Wright 18.10. TDK-Lambda Americas Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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AC-DC Controller Market
