The North America Power Strip Market is expected to witness market growth of 6.3% CAGR during the forecast period (2021-2027).
A power strip, also known as extension board refers to lengthy electrical sockets with an attached flexible cable, which helps in plugging them into an electrical receptacle. It is widely utilized at the place where electrical devices in proximity require more sockets than the available ones. These power strips are very useful at the places like households, in particular living areas, industrial units, where there are fewer sockets available. There are numerous types of power strips available in the market, some have individual switches for each socket and some are compatible with advanced technologies like Alexa.
The high disposable income of the consumers is the fuel for the demand for power strip market. Due to the high disposable income, consumers spend more on adopting numerous advanced and innovative electronic devices like microwaves, laptops, desktops, and others. It will further create more demand for power strips in the regional market.
The presence of key companies in the power strip market is also supporting the regional growth of the power strip market. In addition, the boosting demand for protection systems in electronic devices is estimated to spur the demand for a power strip in this region. Consumers across this region are highly inclining towards the adoption of sustainable energy products, which is expected to augment the demand for power strips that helps in saving energy.
The US market dominated the North America Fuse-based Protection Power Strip Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,149.9 million by 2027. The Canada market is experiencing a CAGR of 8% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 7% during (2021 - 2027).
Based on Type, the market is segmented into Common, Smart and Specialized. Based on Protection, the market is segmented into Surge Protection, Fuse-based Protection and Others. Based on Application, the market is segmented into Commercial, Household and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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.).
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 Country
- US
- Canada
- Mexico
- Rest of North America
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
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- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- 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.)
Methodology
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