IFNNF - Global AC-DC Controller Market to Register Revenue CAGR of 6.3 % Over Next 10 Years
The AC-to-DC converter is one of the essential converters in power electronics because there are many practical applications based on this conversion. AC to DC converters is used in almost all electronic and electrical equipment. They are used as power circuits for household applications such as vacuum cleaners, washing machines, refrigerators, rice cookers, etc. In everyday life, AC-DC converters play a vital role in available products such as computers, TV, mobile phone chargers, etc. Most electronic sensors and modules only run on DC power, so they use AC to DC converters. They are also used in medical equipment, factory automation, building automation, process control systems, signage displays and telecommunications. Other applications for AC-to-DC converters include renewable energy management, test and measurement equipment, defense, aerospace and transportation systems.
Marketresearch.biz announces publication of its most recently generated research report titled, “Global AC-DC Controller Market by Product Type (Isolated and Non-Isolated), End-Use Industry (Automotive, Medical Device, Electronics & Electrical, and Other End-Use Industries), and Region (North America, Europe, APAC, South America, MEA) – Global Forecast to 2031”, which offers a holistic view of the global AC-DC Controller market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2016–2021) is projected to be over US$ 22.3 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Global AC-DC Controller Market: Market Dynamics
The AC-DC controller market is projected to grow at the highest CAGR over the forecast period. This growth is attributed to the increasing usage of LED lighting in various applications, such as commercial buildings, homes, and roadside signage. The increasing demand for LED lighting has led to an increase in the installed base of AC-DC controller products. Furthermore, technological advancements such as smart technology and wireless communication are also sustaining the revenue growth of this industry.
The increase in consumption of consumer electronics stems in industrial and commercial sectors coupled with increasing urbanization and population, higher disposable incomes, more robust supply chains, and a higher per-capita internet penetration level globally, which is leading to a rise in demand for power converters. This is also another factor that is expected to support the revenue growth of the AC-DC controller market.
Global AC-DC Controller Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global AC-DC Controller market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global AC-DC Controller market is estimated to expand at a moderate CAGR of 6.3% during the forecast period.
Global AC-DC Controller Market: Segmental Snapshot
The market report has been segmented on the basis of product type, end-use industry, and region. The product type segment includes isolated and non-isolated. The end-use industry segment includes automotive, medical device, electronics & electrical, and other end-use industries. The region covered in the analysis is North America, Europe, APAC, South America, and MEA.
By Product Type: The non-isolated segment is expected to register a CAGR of over 7.1%, thereby accounting for the highest revenue share among the product type segment.
By End-Use Industry: The electronics & electricals segment is expected to register a CAGR of over 7.6% over the forecast period, thereby accounting for the highest revenue share among the end-use industry segment.
By Region: The market in Asia-Pacific accounted for the highest revenue share in the global AC-DC Controller market in 2020 and is estimated to register a CAGR of over 7.2% between 2022 and 2031.
Global AC-DC Controller Market: Competitive Analysis
The research report on the global AC-DC Controller market includes profiles of major companies such as Texas Instruments (Ticker: TXN), Murata Manufacturing Co. Ltd (Ticker: MRAAF), TDK Corporation (Ticker: TTDKF), Infineon Technologies AG (Ticker: IFNNF), STMicroelectronics, Delta Electronics Inc., Advanced Energy Industries, Inc., Mornsun, Power Integrations, Inc. (Ticker: POWI), Leadtrend Technology Corp., and others.
The Global AC-DC Controller Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2022–2031 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the Global AC-DC Controller Market for 2015–2031.
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