Open Frame AC-DC Power Supplies Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
Open Frame AC-DC Power Supplies Market Outlook: 2018–2022 vs. 2023–2033
The Open Frame AC-DC power supplies market has experienced significant growth from 2018 to 2022, driven by increasing demand across various sectors. In 2022, the market size was valued at approximately USD 2.5 billion and is projected to reach around USD 4.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% over the forecast period. citeturn0search7
Looking ahead, the market is expected to continue its upward trajectory from 2023 to 2033. The global Open Frame AC-DC Power Supplies market size is anticipated to register a robust revenue CAGR during the forecast period. citeturn0search0
Key drivers of this growth include the increasing demand for energy-efficient and compact power solutions in various industries, particularly in consumer electronics, industrial, and medical sectors. These sectors require reliable and high-quality power supplies for their devices and equipment. citeturn0search3
The market is segmented by type into less than 100 W, 100W-300W, and above 300W, and by application into consumer electronics, industrial, household, medical, and others. The consumer electronics segment is expected to register a significantly high revenue CAGR during the forecast period due to the widespread usage of mobile phones and wearable devices, and the need for reliable charging. citeturn0search13
Regionally, North America accounted for the largest revenue share in the global Alternating Current-Direct Current (AC-DC) power supply adapter market in 2022, driven by the increasing adoption and usage of electronic devices in countries across the region, especially in the U.S. and Canada. citeturn0search13
In summary, the Open Frame AC-DC power supplies market has demonstrated substantial growth from 2018 to 2022 and is projected to continue its upward trend from 2023 to 2033, driven by the increasing demand for energy-efficient and compact power solutions across various industries.
Get an In-Depth Research Analysis of the Global Open Frame AC-DC Power Supplies Market Size And Forecast [2025-2032]
Mean Well
CUI Inc
Bel Fuse
Delta
Recom Power
TDK-Lambda
Triad Magnetics
Vigortronx
XP Power
Compuware
Lite-On
Chicony
Artesyn
Enhance Electronics
ZIPPY TECHNOLOGY
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Open Frame AC-DC Power Supplies Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Open Frame AC-DC Power Supplies Market
Consumer Electronics
Industrial
Household
Medical
Others
Based on Types the Market is categorized into Below types that held the largest Open Frame AC-DC Power Supplies market share In 2023.
Less than 100 W
100W-300W
Above 300W
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Open Frame AC-DC Power Supplies Market Research Analysis
1. Introduction of the Global Open Frame AC-DC Power Supplies Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Open Frame AC-DC Power Supplies Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Open Frame AC-DC Power Supplies Market, By Type
6. Global Open Frame AC-DC Power Supplies Market, By Application
7. Global Open Frame AC-DC Power Supplies Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Open Frame AC-DC Power Supplies Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/