How big is the AC DC converter market

Q: Which industries uses AC DC converters the most?

Key users include automotive, telecommunications, industrial automation, and consumer electronics.

Q: What is driving the AC DC converter market growth?

Increased demand for efficient power supplies in electronics and EVs drives the market growth.

Q: Are AC DC converters energy efficient?

Yes, modern converters are designed to maximize energy efficiency and reduce power losses.

Q: What is an AC DC converter used for?

AC DC converters are used to convert alternating current (AC) into direct current (DC) for use in electronic devices and systems.

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How big is the AC DC converter market | Industry Trends, Growth Analysis & Forecast 2025

Code: MTA4356

Publication Date: Jun 2025

What is the AC DC converter Market Size?

According to 绿帽社 internal database and industry insights, the Global AC DC Converter Market was valued at USD 11.2 billion in 2024 and is anticipated to exceed USD 18.5 billion by 2031, registering a steady at a CAGR of 6.5% during the forecast period.

The AC DC converter market is experiencing robust growth due to an increasing tilt towards renewable energy systems, a growing level of industrial automation, and consumer electronics demand. Converters allow stable power supply in many applications such as telecom, automotive, and industrial.

Major Growth Factors of the AC DC converter Industry

Rise in adoption of renewable energy technologies
Expansion of electric vehicle infrastructure
Growth in industrial automation and robotics
Increased penetration of consumer electronics
Surge in data center development and IT infrastructure
Demand for efficient and compact power supply systems
Smart grid implementation and infrastructure upgrades

AC DC converter Market Trends

The trend in the market is moving towards higher efficiency and smaller packages and more integration of digital control technologies, and increasing use in smart grids and hybrid systems. In addition, other markets like electric vehicles, industrial automation, and consumer electronics are contributing a growing majority of new ideas and AC DC converter adoption. There is also a growing impetus towards smart converters with digital control capabilities for operational flexibility.

Emerging Developments in the AC DC converter Industry

Manufacturers are also increasingly focusing attention on wide-bandgap semiconductor-based converters algos GaN and SiC in order to improve performance. Manufacturers are pursuing IoT capability and digital power management, as well as bespoke and modular solutions to fit the needs of different industries. Manufacturers are also striving forward with intelligent power modules and designing converter solutions that are environmentally friendly to align with global sustainability goals.