SNS Insider Black Friday Offer
Power Strip Market

Power Strip Market Size, Share & Segment By Protection (Surge Protection, Fuse-Based Protection, Others), By Application (Household, Commercial, Industrial), By Type (Common Power Strip, Specialized Power Strip, Smart Power Strip), By Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1253 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Power Strip Market Size was valued at USD 11.06 billion in 2021 and is expected to reach USD 15.99 billion by 2028, and grow at a CAGR of 5.4% over the forecast period 2022-2028.

To increase energy economy and prevent indoor electronic equipment from squandering energy, the power strip is designed to monitor and control the power of each socket on the power board. Users can control, monitor, and manage devices remotely via smart power lines. These power cords include built-in safety features to protect electrical devices. This lowers the risk of harm and failure, which is a key driver driving market revenue growth on a huge scale.

Power Strip Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS:

  • interest in electrical and utility equipment.

  • protects from high-cost damage.

  • enhanced power quality in electrical systems.

RESTRAINTS: 

  • This will be covered under the final version of the report.

OPPORTUNITIES: 

  • Online & offline distribution channel.

  • Uses in Corporations, manufacturing plants, and the residential sector.

CHALLENGES: 

  • This will be covered under the final version of the report.

IMPACT OF COVID-19: 

The COVID-19 epidemic has had a profound impact on market growth due to the huge increase in online sales and the widespread use of various household goods. Customers all over the world have been working from home as a result of the closure; as a result, the safety of electrical gadgets has become increasingly crucial, resulting in an increase in sales of power strips with surgical protectors.

The power strip market is estimated to grow at a higher rate in a forecasted period. The market is likely to profit from the rising demand for environmentally friendly electricity. Increased demand for consumer products and equipment has increased the need of improving energy quality in power systems, which has increased the requirement for a sustainable electricity supply.

COMPETITIVE LANDSCAPE:

Key players in power strip market are 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 and other.

MARKET SEGMENTATION:

By Protection

  • Surge Protection

  • Fuse-based Protection

  • Others

By Application

  • Household

  • Commercial

  • Industrial

By Type

  • Common Power Strip

  • Specialized Power Strip

  • Smart Power Strip

Power Strip Market Segment Pie Chart

REGIONAL ANALYSIS:

North America dominates the market, accounting for more than 35-40% of global gross domestic product. Furthermore, the region tries to improve sustainable energy practises by focusing on technical advancement and energy efficiency adoption. Customers with high salaries can afford to buy products, which is one of the factors driving regional market growth. During the projection period, Asia Pacific is expected to be the fastest expanding regional market. The demand for electricity lines in the region is driven by improved quality of life and growing acceptance of electronic technologies. Some developing countries in Asia Pacific don't always have access to clean, dependable electricity, putting them at risk of electrical damage.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Power Strip Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 11.06 Billion
Market Size by 2028 US$ 15.99 Billion
CAGR CAGR of 5.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • 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)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 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 and other.
Key Drivers • Interest in electrical and utility equipment.
• Protects from high-cost damage.
OPPORTUNITIES • Online & offline distribution channel.
• Uses in Corporations, manufacturing plants, and the residential sector.


Frequently Asked Questions (FAQ) :

The Power Strip Market size was valued at 11 billion in 2021 at a CAGR of 5.4%.

Key players in power strip market are 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 and other.

North American region is dominating the Power Strip Market.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Power Strip Market Segmentation, by protection

8.1Introduction

8.2 Surge Protection

8.3Fuse-based Protection

8.4 Others

 

9. Global Power Strip Market Segmentation, by application

9.1 Introduction

9.2 Household

9.3Commercial

9.4 Industrial

 

10. Global Power Strip Market Segmentation, By type

10.1 Introduction

10.2 Common Power Strip

10.3 Specialized Power Strip

10.4 Smart Power Strip

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3        Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4        Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6        Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

 

12. Company Profiles

12.1 Falconer Electronics

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Belkin International, Inc.

12.3 Schneider Electric SE

12.4 Koninklijke Philips N.V.

12.5 General Electri

12.6 Leviton Manufacturing Co., Inc

12.7 Legrand SA

12.8 Siemens AG

12.9 Panasonic Corporation

12.10 Delixi Electric Ltd.

12.11 ABB Ltd

12.12 Cyber Power Systems, Inc.

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.