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.
The power strip market is growing steadily, driven by the increasing need for multiple electrical outlets in both residential and commercial settings. Power strips provide a convenient solution for managing numerous electronic devices, offering surge protection and efficient power distribution. With the rise of home offices, entertainment systems, and smart home devices, consumers are increasingly relying on power strips to meet their electrical needs. Additionally, the growing demand for portable and compact power strips is contributing to market expansion, as users seek versatile and travel-friendly options for charging multiple devices simultaneously.
In the commercial and industrial sectors, the demand for high-capacity power strips with advanced features like overload protection, USB ports, and energy-saving capabilities is rising. Businesses require reliable power management solutions to support office equipment, data centers, and communication systems. The market is also being influenced by trends in sustainability, with consumers and businesses seeking energy-efficient power strips that reduce power consumption. As technological innovations continue to enhance the functionality and safety of power strips, the market is expected to experience robust growth in the coming years.
Competitive Outlook :
· 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
· other.
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Research Methodology
The report's information answers game-changing questions for businesses that are currently operating in the market and looking for innovative ways to create a unique benchmark in the industry to help them make successful strategies and target-driven decisions. The report provides in-depth information about the Power Strip Market based on extensive research into various factors that play a key role in accelerating the market's growth potential.
Market Segmentation :
· 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)
The research includes a detailed market segmentation, as well as key data and a competitive outlook. This study assesses the Power Strip Market based on type, application, end user, and region. The report discusses the broad market dynamics and progressive trends associated with various segments, as well as how they influence the market's growth prospects.
The report discusses the broad market dynamics and progressive trends associated with various segments, as well as how they influence the market's growth prospects. The report includes company profiles of key players who are currently dominating the market, as well as information on various developments, expansions, and winning strategies used and implemented by leading players.
The market report's research methodology is based on extensive primary and secondary research conducted by analysts. Analysts have provided enthralling observations and accurate forecasts of the Power Strip Market based on in-depth insights of industry-related data obtained and validated by market-acceptable resources.
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