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Global Power Strip Market By Type (Common, Smart and Specialized), By Protection (Surge Protection, Fuse-based Protection and Others), By Application (Commercial, Household and Industrial), By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027

  • ID: 5448183
  • Report
  • August 2021
  • Region: Global
  • 213 Pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • ABB Group
  • General Electric (GE) Co.
  • Koninklijke Philips N.V.
  • Panasonic Corporation
  • Schneider Electric SE
  • Siemens AG

The Global Power Strip Market size is expected to reach $16.2 billion by 2027, rising at a market growth of 6.4% CAGR during the forecast period. A block of electrical sockets, which offers an additional cord length and mobility than the traditional wall sockets, is known as a power strip. The wall sockets are usually placed at uncertain and hard-to-reach locations. In addition, power strips are generally utilized in some places of the house that have many appliances like the living room as only some of the wall sockets are available in the space.



Power strips mostly consist of a master switch, which cuts off power to the whole strip, suitably enabling one to cut off the power to all the other attached electronic appliances with just a click. Though, some models consist of individual switches for each and every socket on the strip, which makes it more flexible regarding selectively discontinued the power supply of any socket. Such power strips are important because certain electronic appliances should not to be unplugged directly like computers and printers, since they could damage them. Moreover, power strips also have indicator lights on the switches to enable an easy indication for telling which sockets have a power supply or not. Some sophisticated models offer one or more fuses to avoid power surges affecting the devices that are plugged in to the power strip.



The rising demand for a stable power supply is anticipated to fuel the growth of the power strip market. The growing demand for utility & electrical devices is boosting the requirement for a stable power supply, which makes power strips more important to enhance the quality of power in electrical systems.





COVID-19 Impact Analysis

The outbreak of the global Covid-19 pandemic has had a huge impact on various industrial sectors of the business domain. The imposition of numerous regulations like the travel ban, social distancing, temporary ban on manufacturing units, ban on import and exports has resulted in the increasing gap between demand and supply chains. The lack of a workforce has resulted in the depleting stock of numerous products in the market.



However, this pandemic has positively affected the growth of the power strips market due to the significant increase in online sales and the growing use of numerous devices at home. Owing to the imposition of lockdown in many nations across the globe, the customers have started working from home, which created more demand for power strips as they is expected to protect their electrical devices from any power voltage fluctuation, and hence, fueling the sales of power strips.



Market Growth Factors:

Helps in saving energy by minimizing the standby power loss

The usage of power strips helps in saving energy through the detection of inactive appliances connected to the power strip sockets. Whenever a device gets motionless, the power strip detects it within a fixed time frame and cuts off the power from the socket. This is expected to further help in saving energy and minimize the power usage of the extension. By preventing standby power loss and active energy waste, power strips is expected to offer more energy conservation.



Power strips are potable and handy

Power strips play an important role at the places where electrical sockets are not available at desired locations. At times, there are more appliances that are required to function at the same time but there are not enough sockets available for that the same. In that situation, power strips are very much required to connect all the devices for usage. These power strips are portable and handy, which make them flexible for usage at any location.



Market Restraining Factor:

Strict rules and regulations is expected to hamper the power strip market

There are numerous standards and compliances that the power strip manufacturers should fulfill while manufacturing their products. These regulations may differ from country to country. Every electronic equipment or device should meet the standards that are framed by the regulatory authorities of the region, in which they are manufactured. As a result, this is the major challenge for the manufacturers as one power strip fulfilling the compliances of one region may not be up to the mark for another region.





Type Outlook

Based on Type, the market is segmented into Common, Smart and Specialized. The common power strip segment acquired the maximum revenue share in the global power strip market in 2020. The rising number of connected lights, televisions, and computers, among other electronic devices, is motivating customers to highly adopt these power strips to offer them extra outlets to stay connected with various devices at the same time.



Protection Outlook

Based on Protection, the market is segmented into Surge Protection, Fuse-based Protection and Others. The surge protection segment accounted for the largest revenue share in the market in 2020, which is projected to garner the highest CAGR during the forecast period. The main reason behind equipment failure is voltage surges that are usually occurred because of circuit-breaker tripping, electrical accidents, lightning strikes, and turning nearby heavy-load machines on/off.



Application Outlook

Based on Application, the market is segmented into Commercial, Household and Industrial. power strips with numerous specialty outlets like USB outlets and modem outlets, are generally utilized in corporate offices for a wide range of devices. Such power strips have built-in surge protection to maintain the safety of the office equipment. There are several enterprises that are manufacturing power strips particularly for commercial purposes and also complying with ETL, UL, and CSA standards. For example, Falconer Electronics manufactures commercial power strips made with steel to make power strips with a more protective and strong case.



Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific is anticipated to display the fastest growth rate during the forecast period. The standard of living is increasing in this region and the growing adoption of advanced electronics is estimated to fuel the requirement for power strips. There are certain emerging nations in the Asia Pacific that do not have the availability of clean or reliable power, which further results in the high risks of smart electronic devices getting damaged. The usage of power strips helps in preventing the electronics from getting damaged.



The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, General Electric (GE) Co., Siemens AG, Schneider Electric SE, Panasonic Corporation, Koninklijke Philips N.V., Legrand S.A. (Raritan, Inc.), CyberPower Systems (USA), Inc., Leviton Manufacturing Co., Inc. and Hon Hai Precision Industry Co., Ltd. (Belkin International, Inc.).



Recent Strategies Deployed in Power Strip Market

  • Sep-2020: Panasonic Corporation launched Smart Anchor series. This series focuses on all-in-one connectivity of numerous devices.
  • Mar-2020: Cyber Power system introduced two medical-grade products, Cyber Power MPV615P Power Strip and the MPV615S Surge Protector. This launch expanded the company's product line in healthcare sector. These products include various new features to improve the durability and safety that is required for in power protection.
  • Feb-2020: Leviton Manufacturing released medical grade power strip with load monitoring Inform technology. This product provides easy and efficient ways to upgrade code compliance and electrical safety in health care facilities.
  • Aug-2018: Cyber Power Systemcame into partnership with the Home Depot and homedepot.com. Under this partnership, Cyber Power unveiled Surge Protectors at The Home Depot and homedepot.com. This partnership aimed to fulfil consumer's increasing requirement for reliable power products, which can protect their equipment and homes.
  • Nov-2017: Legrand, North and Central America (LNCA) acquired Server Technology, a leading provider of rack power distribution units and power management software. The acquisition aimed to improve Legrand's worldwide leadership in the data center power sector and expand PDU portfolio for major customer segments like colocation, hyperscale and global enterprise end-users.

Scope of the Study

Market Segments Covered in the Report:


By Type

  • Common
  • Smart
  • Specialized

By Protection

  • Surge Protection
  • Fuse-based Protection
  • Others

By Application

  • Commercial
  • Household
  • Industrial

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:


  • ABB Group
  • General Electric (GE) Co.
  • Siemens AG
  • Schneider Electric SE
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • Legrand S.A. (Raritan, Inc.)
  • CyberPower Systems (USA), Inc.
  • Leviton Manufacturing Co., Inc.
  • Hon Hai Precision Industry Co., Ltd. (Belkin International, Inc.)

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Group
  • General Electric (GE) Co.
  • Koninklijke Philips N.V.
  • Panasonic Corporation
  • Schneider Electric SE
  • Siemens AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Power Strip Market, by Type
1.4.2 Global Power Strip Market, by Protection
1.4.3 Global Power Strip Market, by Application
1.4.4 Global Power Strip Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Global Power Strip Market by Protection
3.1 Global Surge Protection Power Strip Market by Region
3.2 Global Fuse-based Protection Power Strip Market by Region
3.3 Global Other Protection Power Strip Market by Region

Chapter 4. Global Power Strip Market by Type
4.1 Global Power Strip Common Market by Region
4.2 Global Power Strip Smart Market by Region
4.3 Global Power Strip Specialized Market by Region

Chapter 5. Global Power Strip Market by Application
5.1 Global Commercial Power Strip Market by Region
5.2 Global Household Power Strip Market by Region
5.3 Global Industrial Power Strip Market by Region

Chapter 6. Global Power Strip Market by Region
6.1 North America Power Strip Market
6.1.1 North America Power Strip Market by Protection
6.1.1.1 North America Surge Protection Power Strip Market by Country
6.1.1.2 North America Fuse-based Protection Power Strip Market by Country
6.1.1.3 North America Other Protection Power Strip Market by Country
6.1.2 North America Power Strip Market by Type
6.1.2.1 North America Power Strip Common Market by Country
6.1.2.2 North America Power Strip Smart Market by Country
6.1.2.3 North America Power Strip Specialized Market by Country
6.1.3 North America Power Strip Market by Application
6.1.3.1 North America Commercial Power Strip Market by Country
6.1.3.2 North America Household Power Strip Market by Country
6.1.3.3 North America Industrial Power Strip Market by Country
6.1.4 North America Power Strip Market by Country
6.1.4.1 US Power Strip Market
6.1.4.1.1 US Power Strip Market by Protection
6.1.4.1.2 US Power Strip Market by Type
6.1.4.1.3 US Power Strip Market by Application
6.1.4.2 Canada Power Strip Market
6.1.4.2.1 Canada Power Strip Market by Protection
6.1.4.2.2 Canada Power Strip Market by Type
6.1.4.2.3 Canada Power Strip Market by Application
6.1.4.3 Mexico Power Strip Market
6.1.4.3.1 Mexico Power Strip Market by Protection
6.1.4.3.2 Mexico Power Strip Market by Type
6.1.4.3.3 Mexico Power Strip Market by Application
6.1.4.4 Rest of North America Power Strip Market
6.1.4.4.1 Rest of North America Power Strip Market by Protection
6.1.4.4.2 Rest of North America Power Strip Market by Type
6.1.4.4.3 Rest of North America Power Strip Market by Application
6.2 Europe Power Strip Market
6.2.1 Europe Power Strip Market by Protection
6.2.1.1 Europe Surge Protection Power Strip Market by Country
6.2.1.2 Europe Fuse-based Protection Power Strip Market by Country
6.2.1.3 Europe Other Protection Power Strip Market by Country
6.2.2 Europe Power Strip Market by Type
6.2.2.1 Europe Power Strip Common Market by Country
6.2.2.2 Europe Power Strip Smart Market by Country
6.2.2.3 Europe Power Strip Specialized Market by Country
6.2.3 Europe Power Strip Market by Application
6.2.3.1 Europe Commercial Power Strip Market by Country
6.2.3.2 Europe Household Power Strip Market by Country
6.2.3.3 Europe Industrial Power Strip Market by Country
6.2.4 Europe Power Strip Market by Country
6.2.4.1 Germany Power Strip Market
6.2.4.1.1 Germany Power Strip Market by Protection
6.2.4.1.2 Germany Power Strip Market by Type
6.2.4.1.3 Germany Power Strip Market by Application
6.2.4.2 UK Power Strip Market
6.2.4.2.1 UK Power Strip Market by Protection
6.2.4.2.2 UK Power Strip Market by Type
6.2.4.2.3 UK Power Strip Market by Application
6.2.4.3 France Power Strip Market
6.2.4.3.1 France Power Strip Market by Protection
6.2.4.3.2 France Power Strip Market by Type
6.2.4.3.3 France Power Strip Market by Application
6.2.4.4 Russia Power Strip Market
6.2.4.4.1 Russia Power Strip Market by Protection
6.2.4.4.2 Russia Power Strip Market by Type
6.2.4.4.3 Russia Power Strip Market by Application
6.2.4.5 Spain Power Strip Market
6.2.4.5.1 Spain Power Strip Market by Protection
6.2.4.5.2 Spain Power Strip Market by Type
6.2.4.5.3 Spain Power Strip Market by Application
6.2.4.6 Italy Power Strip Market
6.2.4.6.1 Italy Power Strip Market by Protection
6.2.4.6.2 Italy Power Strip Market by Type
6.2.4.6.3 Italy Power Strip Market by Application
6.2.4.7 Rest of Europe Power Strip Market
6.2.4.7.1 Rest of Europe Power Strip Market by Protection
6.2.4.7.2 Rest of Europe Power Strip Market by Type
6.2.4.7.3 Rest of Europe Power Strip Market by Application
6.3 Asia Pacific Power Strip Market
6.3.1 Asia Pacific Power Strip Market by Protection
6.3.1.1 Asia Pacific Surge Protection Power Strip Market by Country
6.3.1.2 Asia Pacific Fuse-based Protection Power Strip Market by Country
6.3.1.3 Asia Pacific Other Protection Power Strip Market by Country
6.3.2 Asia Pacific Power Strip Market by Type
6.3.2.1 Asia Pacific Power Strip Common Market by Country
6.3.2.2 Asia Pacific Power Strip Smart Market by Country
6.3.2.3 Asia Pacific Power Strip Specialized Market by Country
6.3.3 Asia Pacific Power Strip Market by Application
6.3.3.1 Asia Pacific Commercial Power Strip Market by Country
6.3.3.2 Asia Pacific Household Power Strip Market by Country
6.3.3.3 Asia Pacific Industrial Power Strip Market by Country
6.3.4 Asia Pacific Power Strip Market by Country
6.3.4.1 China Power Strip Market
6.3.4.1.1 China Power Strip Market by Protection
6.3.4.1.2 China Power Strip Market by Type
6.3.4.1.3 China Power Strip Market by Application
6.3.4.2 Japan Power Strip Market
6.3.4.2.1 Japan Power Strip Market by Protection
6.3.4.2.2 Japan Power Strip Market by Type
6.3.4.2.3 Japan Power Strip Market by Application
6.3.4.3 India Power Strip Market
6.3.4.3.1 India Power Strip Market by Protection
6.3.4.3.2 India Power Strip Market by Type
6.3.4.3.3 India Power Strip Market by Application
6.3.4.4 South Korea Power Strip Market
6.3.4.4.1 South Korea Power Strip Market by Protection
6.3.4.4.2 South Korea Power Strip Market by Type
6.3.4.4.3 South Korea Power Strip Market by Application
6.3.4.5 Singapore Power Strip Market
6.3.4.5.1 Singapore Power Strip Market by Protection
6.3.4.5.2 Singapore Power Strip Market by Type
6.3.4.5.3 Singapore Power Strip Market by Application
6.3.4.6 Malaysia Power Strip Market
6.3.4.6.1 Malaysia Power Strip Market by Protection
6.3.4.6.2 Malaysia Power Strip Market by Type
6.3.4.6.3 Malaysia Power Strip Market by Application
6.3.4.7 Rest of Asia Pacific Power Strip Market
6.3.4.7.1 Rest of Asia Pacific Power Strip Market by Protection
6.3.4.7.2 Rest of Asia Pacific Power Strip Market by Type
6.3.4.7.3 Rest of Asia Pacific Power Strip Market by Application
6.4 LAMEA Power Strip Market
6.4.1 LAMEA Power Strip Market by Protection
6.4.1.1 LAMEA Surge Protection Power Strip Market by Country
6.4.1.2 LAMEA Fuse-based Protection Power Strip Market by Country
6.4.1.3 LAMEA Other Protection Power Strip Market by Country
6.4.2 LAMEA Power Strip Market by Type
6.4.2.1 LAMEA Power Strip Common Market by Country
6.4.2.2 LAMEA Power Strip Smart Market by Country
6.4.2.3 LAMEA Power Strip Specialized Market by Country
6.4.3 LAMEA Power Strip Market by Application
6.4.3.1 LAMEA Commercial Power Strip Market by Country
6.4.3.2 LAMEA Household Power Strip Market by Country
6.4.3.3 LAMEA Industrial Power Strip Market by Country
6.4.4 LAMEA Power Strip Market by Country
6.4.4.1 Brazil Power Strip Market
6.4.4.1.1 Brazil Power Strip Market by Protection
6.4.4.1.2 Brazil Power Strip Market by Type
6.4.4.1.3 Brazil Power Strip Market by Application
6.4.4.2 Argentina Power Strip Market
6.4.4.2.1 Argentina Power Strip Market by Protection
6.4.4.2.2 Argentina Power Strip Market by Type
6.4.4.2.3 Argentina Power Strip Market by Application
6.4.4.3 UAE Power Strip Market
6.4.4.3.1 UAE Power Strip Market by Protection
6.4.4.3.2 UAE Power Strip Market by Type
6.4.4.3.3 UAE Power Strip Market by Application
6.4.4.4 Saudi Arabia Power Strip Market
6.4.4.4.1 Saudi Arabia Power Strip Market by Protection
6.4.4.4.2 Saudi Arabia Power Strip Market by Type
6.4.4.4.3 Saudi Arabia Power Strip Market by Application
6.4.4.5 South Africa Power Strip Market
6.4.4.5.1 South Africa Power Strip Market by Protection
6.4.4.5.2 South Africa Power Strip Market by Type
6.4.4.5.3 South Africa Power Strip Market by Application
6.4.4.6 Nigeria Power Strip Market
6.4.4.6.1 Nigeria Power Strip Market by Protection
6.4.4.6.2 Nigeria Power Strip Market by Type
6.4.4.6.3 Nigeria Power Strip Market by Application
6.4.4.7 Rest of LAMEA Power Strip Market
6.4.4.7.1 Rest of LAMEA Power Strip Market by Protection
6.4.4.7.2 Rest of LAMEA Power Strip Market by Type
6.4.4.7.3 Rest of LAMEA Power Strip Market by Application

Chapter 7. Company Profiles
7.1 ABB Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 General Electric (GE) Co.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Schneider Electric SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental And Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Panasonic Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Koninklijke Philips N.V.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Legrand S.A. (Raritan, Inc.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Acquisition and Mergers:
7.8 CyberPower Systems (USA), Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Product Launches and Product Expansions:
7.9 Leviton Manufacturing Co., Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Hon Hai Precision Industry Co., Ltd.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research & Development Expense
Note: Product cover images may vary from those shown
  • ABB Group
  • General Electric (GE) Co.
  • Siemens AG
  • Schneider Electric SE
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • Legrand S.A. (Raritan, Inc.)
  • CyberPower Systems (USA), Inc.
  • Leviton Manufacturing Co., Inc.
  • Hon Hai Precision Industry Co., Ltd. (Belkin International, Inc.)
Note: Product cover images may vary from those shown

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