Power Strips - Global Strategic Business Report

The global market for Power Strips was estimated at US$13.5 Billion in 2024 and is projected to reach US$16.3 Billion by 2030, growing at a CAGR of 3.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Power Strips market.

Global Power Strips Market - Key Trends & Drivers Summarized

How Are Safety and Smart Technology Advancing the Design of Power Strips?

Power strips, once basic electrical accessories, are now engineered with advanced safety features and smart functionalities to support increasingly connected homes and workplaces. Modern designs integrate built-in surge protection systems with higher joule ratings to safeguard against voltage spikes caused by lightning or power outages. Thermal fuses, overload protection circuits, and flame-retardant housings have become standard in quality-assured models, particularly in countries with stringent electrical safety standards such as the U.S., Germany, and Japan.

The emergence of smart power strips with Wi-Fi or Bluetooth connectivity is further expanding their role in digital infrastructure. These strips can be programmed remotely to schedule device operation, monitor energy consumption, and reduce phantom power draw-capabilities increasingly valued in energy-conscious households and offices. Some models integrate voice assistant compatibility (e.g., Alexa, Google Assistant) and app-based control, offering a central interface for managing multiple devices. These features are appealing not only in residential settings but also in smart classrooms, coworking spaces, and high-density retail environments where intelligent load control is essential for safety and energy efficiency.

Which Use-Case Scenarios Are Driving Demand Beyond Household Applications?

While residential users remain a primary market, the application of power strips is rapidly expanding into commercial, industrial, and institutional domains. In office environments, ergonomic desk-mounted strips with USB-C and Ethernet ports are facilitating hybrid work setups and hot-desking practices. Data centers and IT infrastructure hubs rely on heavy-duty rack-mounted power distribution units (PDUs) and surge-protected strips to support uninterrupted power supply to sensitive servers and networking equipment.

In manufacturing and workshop environments, ruggedized power strips with moisture and dust resistance (IP44+ ratings) are used to power tools, conveyor systems, and instrumentation clusters. Retail chains and exhibition organizers often utilize modular strips for powering point-of-sale systems, lighting, and digital displays-requiring both flexibility and overload safety. In education and healthcare, tamper-proof and hospital-grade strips with isolation transformers are used in classrooms and patient care areas, respectively. With the global increase in electronics per user, power strips are becoming indispensable in all settings where device clusters are common and safety, flexibility, and manageability are required.

How Are Sustainability and Energy Efficiency Trends Shaping Consumer Expectations?

Environmental concerns and energy efficiency mandates are reshaping the expectations surrounding power strip functionality and lifecycle. Consumers now prefer strips with energy-monitoring capabilities, auto shut-off features, and recyclable materials. Some energy-conscious users are adopting strips with motion sensors or master-slave switching configurations, where turning off a primary device automatically disconnects peripherals-commonly used with desktop computers or home entertainment systems. These features contribute to reducing idle power draw and improving appliance longevity.

Eco-labeling programs such as ENERGY STAR (U.S.) and EU Ecodesign are influencing procurement choices in public institutions and green-certified buildings. In parallel, minimalist and modular aesthetics are becoming increasingly important, with users seeking designs that complement modern interiors and support vertical or under-desk mounting. Consumer reviews, smart home integration, and online compatibility ratings are heavily impacting buying decisions. Brands that emphasize sustainable packaging, repairability, and low environmental impact during production are gaining favor among ethically conscious buyers. These evolving behaviors are pushing manufacturers to innovate not just in functionality but in form factor, environmental responsibility, and digital integration.

What Factors Are Driving Growth in the Global Power Strips Market?

The growth in the global power strips market is driven by rising electronic device usage, increasing need for flexible power distribution, and heightened awareness of electrical safety. As smart devices, entertainment systems, home appliances, and computing equipment proliferate, users require convenient, centralized power access solutions. This is especially prominent in urban homes, rental units, and coworking spaces where permanent electrical modifications are not viable. In developing economies, the surge in middle-class consumerism and electronics adoption is fueling first-time purchases of surge-protected and USB-enabled strips.

Expansion of telecommuting, e-learning, and remote diagnostics in healthcare has elevated the need for reliable and multi-device power management tools. Commercial construction projects and infrastructure upgrades in offices, airports, and hospitality venues are incorporating smart power strips into standard electrical layouts. Simultaneously, manufacturers are scaling production and distribution in Asia-Pacific and Latin America to cater to fast-growing urban populations and rising infrastructure investments.

Retail diversification-through electronics stores, e-commerce platforms, and B2B channels-is enabling greater accessibility and category awareness among consumers. Product bundling with electronics and bundled warranties are further driving adoption. With continuous product innovation, improved safety certifications, and integration into smart ecosystems, the power strips market is poised for sustained growth across residential, commercial, and industrial segments globally.

Scope Of Study:

The report analyzes the Power Strips market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Type (Common Power Strip, Smart Power Strip, Specialized Power Strip); Protection Type (Surge Protection Type, Fuse-based Protection Type); Application (Household Application, Commercial Application, Industrial Application)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Common Power Strip segment, which is expected to reach US$10.6 Billion by 2030 with a CAGR of a 4.0%. The Smart Power Strip segment is also set to grow at 1.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $3.7 Billion in 2024, and China, forecasted to grow at an impressive 6.3% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Power Strips Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Power Strips Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Power Strips Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABB Ltd, Acco Brands (Kensington), APC by Schneider Electric, Belkin International, Brennenstuhl GmbH & Co. KG and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Power Strips market report include:

• ABB Ltd
• Acco Brands (Kensington)
• APC by Schneider Electric
• Belkin International
• Brennenstuhl GmbH & Co. KG
• CyberPower Systems, Inc.
• D-Link Corporation
• Eaton Corporation
• Fellowes, Inc.
• General Electric (GE)
• Hangzhou Honyar Electrical
• Hama GmbH & Co KG
• Huntkey Group
• Legrand SA
• Monster Inc.
• Panasonic Corporation
• Philips (Signify)
• Schneider Electric
• Tripp Lite (by Eaton)
• Xiaomi Corporation

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.