Power Strip Market Research Report Forecast to 2027

Power Strip Market Research Report Forecast to 2027

Power Strip Market is expected to register a CAGR of 4.3% during the review period. A power strip is also known as an expansion block, power board, power bar, plug board, or multi-attachment additional line, is a gadget that permits different electrical gadgets to be associated with a solitary power source. It regularly comprises of a plastic or metal lodging with numerous power plugs (attachments) into which you can plug different electronic or electrical gadgets.

One of the essential drivers of the power strip market is the rising number of electronic gadgets in homes and working environments. With the expansion of cell phones, PCs, tablets, brilliant televisions, gaming consoles, and other electronic contraptions, the requirement for extra power outlets has developed considerably. Purchasers and organizations depend on power strips to advantageously charge and power various gadgets at the same time, driving the interest in power strips with different outlets and USB charging ports. As shopper hardware become more reasonable and open, individuals are claiming and utilizing a more noteworthy number of gadgets. This incorporates cell phones, workstations, tablets, tablets, smartwatches, and different other compact contraptions. Moreover, the expansion of savvy home gadgets like voice partners, indoor regulators, and surveillance cameras adds to the developing number of electronic gadgets in families. With restricted wall power source accessible, power strips give a functional answer for charging and working various gadgets at the same time.

Market Segmentation

The Power Strip Market based on type is classified into common power strip, smart power strip, and specialized power strip.

Based on protection type, the market is divided into surge protection and fuse-based protection.

In terms of application, the market is categorized as household, commercial, and industrial.

Regional Insights

The sizable power strip industry in North America is probably going to make the region the biggest extending worldwide market for power strip. North America has one of the greatest reception paces of electronic gadgets on the planet. The region has an enormous populace of educated customers who own many electronic devices, including cell phones, workstations, tablets, gaming consoles, savvy televisions, and that's only the tip of the iceberg. As the quantity of gadgets per family keeps on expanding, the interest in power strips with different outlets and USB charging ports develops, driving market development. North America has seen a critical shift towards remote work, even before the Coronavirus pandemic sped up this pattern. The continuous reception of remote work has prompted a flood in workspaces and the requirement for power strips to oblige the power necessities of PCs, monitors, printers, and other office gear. With a significant part of the North American labor force currently working from a distance or in half breed plans, the interest in power strips stays high.

Major Players

The major players operating in the market are ABB Ltd, (Switzerland), Siemens AG (Munich), Schneider Electric SE (Paris), Delixi Electric Ltd (China), General Electric (US), Belkin International Inc. (US), Falconer Electronics (US), Panasonic Corporation (Japan), Legrand SA (France), and Cyber Power Systems Inc. (US).

Companies Mentioned

ABB Ltd
(Switzerland)
Siemens AG (Munich)
Schneider Electric SE (Paris)
Delixi Electric Ltd (China)
General Electric (US)
Belkin International Inc. (US)
Falconer Electronics (US)
Panasonic Corporation (Japan)
Legrand SA (France)
and Cyber Power Systems Inc. (US).