The global power strip market size is anticipated to register a significant CAGR of over 5% during the forecast period from 2021 to 2027. The increasing demand for stable power in the residential and commercial sectors is a primary factor to drive the market growth. Furthermore, the increasing use of electric equipment and other utilities is further anticipated to increase the demand for power strips in upcoming years. Moreover, the rising population, increasing disposable income, and improving life standard is expected to increase the demand of electrical equipment, which is projected to spur the market growth over the forecast period.
The report titled "Power Strip Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2021 – 2027" offers a holistic view of the Power Strip industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Power Strip market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Power Strip Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Power Strip Market Segmentation:
By Type:
- Common Power Strip
- Smart Power Strip
- Specialized Power Strip
By Protection:
- Surge Protection
- Fuse-based Protection
- Others
By Application:
- Household
- Commercial
- Industrial
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key companies:
- General Electric
- Leviton Manufacturing Co., Inc,
- Belkin International, Inc.
- Legrand SA
- Schneider Electric SE
- Siemens AG
- Koninklijke Philips N.V.
- ABB Ltd
- Cyber Power Systems, Inc.
- Panasonic Corporation
Key Questions Answered by Power Strip Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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