Based on Type-C power delivery can support up to 100W (20V/5A), it could work with Cypress solution design.
1. For Component 1: Voltage 5V, Current:2A requirements, Type-C power delivery can use fixed PDO with 5V/2A to meet the requirements.
2. For LED Strip: 2/3.2/3.2V(typical),2.6/4/4V (max) per section, Current 0.02A per section or 7.2 A in total, Type-C power delivery can use PPS with 3.3V - 5.9V @ 200mA to meet those requirements.
3. For Speaker: Voltage 12v(min), 28V (max), Current 13mA, Type-C power delivery can use PPS with 3.3V - 21V @ 13mA to meet those requirements. 21-28V cannot achieve it with Type-C power delivery, but it is can use Alt mode to achieve it.
Anyway, Type-C Power Delivery is power SPEC. the requirements can be powered with single solution power supply whatever the power sink requirements is same or difference.
Thanks for answering me! I was wondering would the same still apply if the 110/120V AC input (what is supplied to a commercial residence/wall outlet)?
110/120V AC input and then output with Type-C port. Cypress have may reference design for you. Please kindly refer below link: