The Asia Pacific Power Strip Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
Power strips have evolved a lot in the past few years. The accelerating economic growth in emerging countries and expanding population are contributing to the increasing demand for electronic items. Owing to the increasing disposable income of the consumers and the growing industrialization, the living standard of consumers has enhanced in the past few years. Thus, the expenditure and adoption of electronic devices have also significantly increased. Several organizations are introducing their innovative products to meet the growing customer requirements. At present, smart power strips were manufactured to make them compatible with Alexa and Google assistant. For example, the Syska SSK-EBW-0304 Smart extension board is well suited with Google Assistant and Alexa. This extension can manage all the sockets or every socket has voice commands
The increasing disposable income of consumers across various emerging nations like India and China is encouraging consumers to buy more advanced electronic devices, which is estimated to spur the regional growth of the power strip market over the forecast period. Additionally, the huge consumer base in this region is attracting companies towards this region to expand their business.
Moreover, the rapid adoption of any new product in this region is high, which would support the growth of the regional power strip market in the coming years. The rising awareness among the consumers about using power-saving appliances would boost the demand for power strips in the regional market. The availability of cheap labor and resources across various developing nations of this region is encouraging power strip manufacturers to expand their business in this region and propel the regional growth of the power strip market.
The China market dominated the Asia Pacific Household Power Strip Market by Country 2020, thereby, achieving a market value of $369.6 million by 2027. The Japan market is showcasing a CAGR of 5.6% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 6.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Power Strip Market is Projected to reach USD 16.2 Billion by 2027, at a CAGR of 6.4%
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
By Protection
- Surge Protection
- Fuse-based Protection
- Others
By Application
- Commercial
- Household
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Power Strip Market, by Type
1.4.2 Asia Pacific Power Strip Market, by Protection
1.4.3 Asia Pacific Power Strip Market, by Application
1.4.4 Asia Pacific Power Strip Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Power Strip Market by Protection
3.1 Asia Pacific Surge Protection Power Strip Market by Country
3.2 Asia Pacific Fuse-based Protection Power Strip Market by Country
3.3 Asia Pacific Other Protection Power Strip Market by Country
Chapter 4. Asia Pacific Power Strip Market by Type
4.1 Asia Pacific Power Strip Common Market by Country
4.2 Asia Pacific Power Strip Smart Market by Country
4.3 Asia Pacific Power Strip Specialized Market by Country
Chapter 5. Asia Pacific Power Strip Market by Application
5.1 Asia Pacific Commercial Power Strip Market by Country
5.2 Asia Pacific Household Power Strip Market by Country
5.3 Asia Pacific Industrial Power Strip Market by Country
Chapter 6. Asia Pacific Power Strip Market by Country
6.1 China Power Strip Market
6.1.1 China Power Strip Market by Protection
6.1.2 China Power Strip Market by Type
6.1.3 China Power Strip Market by Application
6.2 Japan Power Strip Market
6.2.1 Japan Power Strip Market by Protection
6.2.2 Japan Power Strip Market by Type
6.2.3 Japan Power Strip Market by Application
6.3 India Power Strip Market
6.3.1 India Power Strip Market by Protection
6.3.2 India Power Strip Market by Type
6.3.3 India Power Strip Market by Application
6.4 South Korea Power Strip Market
6.4.1 South Korea Power Strip Market by Protection
6.4.2 South Korea Power Strip Market by Type
6.4.3 South Korea Power Strip Market by Application
6.5 Singapore Power Strip Market
6.5.1 Singapore Power Strip Market by Protection
6.5.2 Singapore Power Strip Market by Type
6.5.3 Singapore Power Strip Market by Application
6.6 Malaysia Power Strip Market
6.6.1 Malaysia Power Strip Market by Protection
6.6.2 Malaysia Power Strip Market by Type
6.6.3 Malaysia Power Strip Market by Application
6.7 Rest of Asia Pacific Power Strip Market
6.7.1 Rest of Asia Pacific Power Strip Market by Protection
6.7.2 Rest of Asia Pacific Power Strip Market by Type
6.7.3 Rest of Asia Pacific Power Strip Market by Application
Chapter 7. Company Profiles
7.1 ABB Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 General Electric (GE) Co.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Siemens AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Schneider Electric SE
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental And Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Panasonic Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Koninklijke Philips N.V.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Legrand S.A. (Raritan, Inc.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Acquisition and Mergers:
7.8 CyberPower Systems (USA), Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Product Launches and Product Expansions:
7.9 Leviton Manufacturing Co., Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Hon Hai Precision Industry Co., Ltd.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research & Development Expense
TABLE 1 Asia Pacific Power Strip Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Power Strip Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Surge Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Surge Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Fuse-based Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Fuse-based Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Other Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Other Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Power Strip Common Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Power Strip Common Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Power Strip Smart Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Power Strip Smart Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Power Strip Specialized Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Power Strip Specialized Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Commercial Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Commercial Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Household Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Household Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Industrial Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Industrial Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 29 China Power Strip Market, 2017 - 2020, USD Million
TABLE 30 China Power Strip Market, 2021 - 2027, USD Million
TABLE 31 China Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 32 China Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 33 China Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 34 China Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 35 China Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 36 China Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 37 Japan Power Strip Market, 2017 - 2020, USD Million
TABLE 38 Japan Power Strip Market, 2021 - 2027, USD Million
TABLE 39 Japan Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 40 Japan Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 41 Japan Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 42 Japan Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 43 Japan Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 44 Japan Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 45 India Power Strip Market, 2017 - 2020, USD Million
TABLE 46 India Power Strip Market, 2021 - 2027, USD Million
TABLE 47 India Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 48 India Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 49 India Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 50 India Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 51 India Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 52 India Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 53 South Korea Power Strip Market, 2017 - 2020, USD Million
TABLE 54 South Korea Power Strip Market, 2021 - 2027, USD Million
TABLE 55 South Korea Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 56 South Korea Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 57 South Korea Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 58 South Korea Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 59 South Korea Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 60 South Korea Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 61 Singapore Power Strip Market, 2017 - 2020, USD Million
TABLE 62 Singapore Power Strip Market, 2021 - 2027, USD Million
TABLE 63 Singapore Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 64 Singapore Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 65 Singapore Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 66 Singapore Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 67 Singapore Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 68 Singapore Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 69 Malaysia Power Strip Market, 2017 - 2020, USD Million
TABLE 70 Malaysia Power Strip Market, 2021 - 2027, USD Million
TABLE 71 Malaysia Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 72 Malaysia Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 73 Malaysia Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 74 Malaysia Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 75 Malaysia Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 76 Malaysia Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 77 Rest of Asia Pacific Power Strip Market, 2017 - 2020, USD Million
TABLE 78 Rest of Asia Pacific Power Strip Market, 2021 - 2027, USD Million
TABLE 79 Rest of Asia Pacific Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 80 Rest of Asia Pacific Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 81 Rest of Asia Pacific Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 82 Rest of Asia Pacific Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 83 Rest of Asia Pacific Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 84 Rest of Asia Pacific Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 85 Key Information – ABB Group
TABLE 86 Key Information – General Electric (GE) Co.
TABLE 87 Key Information – Siemens AG
TABLE 88 Key information – Schneider Electric SE
TABLE 89 Key Information – Panasonic Corporation
TABLE 90 Key Information – Koninklijke Philips N.V.
TABLE 91 key Information – Legrand S.A.
TABLE 92 Key Information – CyberPower Systems (USA), Inc.
TABLE 93 Key Information – Leviton Manufacturing Co., Inc.
TABLE 94 Key Information – Hon Hai Precision Industry Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: ABB Group
FIG 3 Swot analysis: General electric (GE) Co.
FIG 4 Swot analysis: Siemens AG
FIG 5 Swot analysis: Schneider Electric SE
FIG 6 SWOT Analysis: Panasonic Corporation
FIG 7 Recent strategies and developments: CyberPower Systems (USA), Inc.