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The Power Strip Market Size was valued at USD 12.27 billion in 2023 and is expected to reach USD 19.71 billion by 2032, and grow at a CAGR of 5.4% over the forecast period 2024-2032.
To increase energy economy and prevent indoor electronic equipment from squandering energy, the power strip is designed to monitor and control the power of each socket on the power board. Users can control, monitor, and manage devices remotely via smart power lines. These power cords include built-in safety features to protect electrical devices. This lowers the risk of harm and failure, which is a key driver driving market revenue growth on a huge scale.
| Report Attributes | Details |
|---|---|
| Key Segments | • by Deployment (Cloud-Based, On-premise) • by offering (Hardware, software, and services) • by Camera type (PTZ Camera, Dome Camera, Bullet Camera, Box Camera and Others) • by Applications (Residential, Commercial, and Industrial) |
| Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Belkin International, Inc., Schneider Electric SE, Koninklijke Philips N.V, General Electri, Leviton Manufacturing Co., Inc, Legrand SA, Siemens AG, Panasonic Corporation, Delixi Electric Ltd., ABB Ltd, Cyber Power Systems, Inc., Falconer Electronics |
KEY DRIVERS:
interest in electrical and utility equipment.
protects from high-cost damage.
enhanced power quality in electrical systems.
RESTRAINTS:
This will be covered under the final version of the report.
OPPORTUNITIES:
Online & offline distribution channel.
Uses in Corporations, manufacturing plants, and the residential sector.
CHALLENGES:
This will be covered under the final version of the report.
The COVID-19 epidemic has had a profound impact on market growth due to the huge increase in online sales and the widespread use of various household goods. Customers all over the world have been working from home as a result of the closure; as a result, the safety of electrical gadgets has become increasingly crucial, resulting in an increase in sales of power strips with surgical protectors.
The power strip market is estimated to grow at a higher rate in a forecasted period. The market is likely to profit from the rising demand for environmentally friendly electricity. Increased demand for consumer products and equipment has increased the need of improving energy quality in power systems, which has increased the requirement for a sustainable electricity supply.
North America dominates the market, accounting for more than 35-40% of global gross domestic product. Furthermore, the region tries to improve sustainable energy practises by focusing on technical advancement and energy efficiency adoption. Customers with high salaries can afford to buy products, which is one of the factors driving regional market growth. During the projection period, Asia Pacific is expected to be the fastest expanding regional market. The demand for electricity lines in the region is driven by improved quality of life and growing acceptance of electronic technologies. Some developing countries in Asia Pacific don't always have access to clean, dependable electricity, putting them at risk of electrical damage.
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Key players in power strip market are Belkin International, Inc., Schneider Electric SE, Koninklijke Philips N.V, General Electri, Leviton Manufacturing Co., Inc, Legrand SA, Siemens AG, Panasonic Corporation, Delixi Electric Ltd., ABB Ltd, Cyber Power Systems, Inc., Falconer Electronics and other.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 12.27 Billion |
| Market Size by 2032 | USD 19.71 Billion |
| CAGR | CAGR of 5.4% From 2023 to 2030 |
| Base Year | 2023 |
| Forecast Period | 2023-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Drivers | • Interest in electrical and utility equipment. • Protects from high-cost damage. |
| Opportunities | • Online & offline distribution channel. • Uses in Corporations, manufacturing plants, and the residential sector. |
The Power Strip Market size was valued at 12.27 billion in 2023 at a CAGR of 5.4%.
Key players in power strip market are Belkin International, Inc., Schneider Electric SE, Koninklijke Philips N.V, General Electri, Leviton Manufacturing Co., Inc, Legrand SA, Siemens AG, Panasonic Corporation, Delixi Electric Ltd., ABB Ltd, Cyber Power Systems, Inc., Falconer Electronics and other.
North American region is dominating the Power Strip Market.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Power Strip Market Segmentation, by protection
8.1Introduction
8.2 Surge Protection
8.3Fuse-based Protection
8.4 Others
9. Global Power Strip Market Segmentation, by application
9.1 Introduction
9.2 Household
9.3Commercial
9.4 Industrial
10. Global Power Strip Market Segmentation, By type
10.1 Introduction
10.2 Common Power Strip
10.3 Specialized Power Strip
10.4 Smart Power Strip
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Falconer Electronics
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Belkin International, Inc.
12.3 Schneider Electric SE
12.4 Koninklijke Philips N.V.
12.5 General Electri
12.6 Leviton Manufacturing Co., Inc
12.7 Legrand SA
12.8 Siemens AG
12.9 Panasonic Corporation
12.10 Delixi Electric Ltd.
12.11 ABB Ltd
12.12 Cyber Power Systems, Inc.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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By Protection
Surge Protection
Fuse-based Protection
Others
By Application
Household
Commercial
Industrial
By Type
Common Power Strip
Specialized Power Strip
Smart Power Strip
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Product Analysis
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Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
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