The Latin America, Middle East and Africa Power Strip Market would witness market growth of 9.6% CAGR during the forecast period (2021-2027).
The requirement for power protectors for specific device and also the whole facility is rising because surges and transient voltages affect productivity and profitability. The major sector using these power strips is the household sector, under which there is a wide range of product offerings delivered by the manufacturers. There is an increasing demand for various hi-tech, sophisticated, and technologically advanced appliances like LED televisions, personal computers, printers, microwaves, washing machines, and industrial equipment.
Moreover, power strips are helpful in saving energy as they are capable of preventing standby power from being utilized by the devices that are connected to it. These strips include a master switch that could be turned off whenever electronics are not in usage, and some of the smart power strips can identify when devices are in standby mode. This can help in saving energy utilized in a person's home, which is measured by the household electric meter and can further save money on the electricity bill.
The rising demand for consumer electronics with advanced technologies is opening new growth prospects for the regional power strip market over the forecast period. In addition, numerous benefits offered by power strips to the users are motivating more consumers towards it and hence, boosting the demand for power strips in this region.
Moreover, the untapped potential of this region is encouraging various manufacturers to enter and prosper this regional market. With the increasing adoption of various advanced devices, the demand for power strips is estimated to fuel in this region over the forecast period. In addition, the rising disposable income of the consumers is creating lucrative opportunities for the key manufacturers of the power strips market. Thus, all these factors would together surge the growth of the regional power strip market.
The Surge Protection market dominated the South Africa Power Strip Market by Protection 2020, thereby, achieving a market value of $75.9 million by 2027. The Fuse-based Protection market is expected to witness a CAGR of 9.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Power Strip Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Power Strip Market, by Type
1.4.2 LAMEA Power Strip Market, by Protection
1.4.3 LAMEA Power Strip Market, by Application
1.4.4 LAMEA 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. LAMEA Power Strip Market by Protection
3.1 LAMEA Surge Protection Power Strip Market by Country
3.2 LAMEA Fuse-based Protection Power Strip Market by Country
3.3 LAMEA Other Protection Power Strip Market by Country
Chapter 4. LAMEA Power Strip Market by Type
4.1 LAMEA Power Strip Common Market by Country
4.2 LAMEA Power Strip Smart Market by Country
4.3 LAMEA Power Strip Specialized Market by Country
Chapter 5. LAMEA Power Strip Market by Application
5.1 LAMEA Commercial Power Strip Market by Country
5.2 LAMEA Household Power Strip Market by Country
5.3 LAMEA Industrial Power Strip Market by Country
Chapter 6. LAMEA Power Strip Market by Country
6.1 Brazil Power Strip Market
6.1.1 Brazil Power Strip Market by Protection
6.1.2 Brazil Power Strip Market by Type
6.1.3 Brazil Power Strip Market by Application
6.2 Argentina Power Strip Market
6.2.1 Argentina Power Strip Market by Protection
6.2.2 Argentina Power Strip Market by Type
6.2.3 Argentina Power Strip Market by Application
6.3 UAE Power Strip Market
6.3.1 UAE Power Strip Market by Protection
6.3.2 UAE Power Strip Market by Type
6.3.3 UAE Power Strip Market by Application
6.4 Saudi Arabia Power Strip Market
6.4.1 Saudi Arabia Power Strip Market by Protection
6.4.2 Saudi Arabia Power Strip Market by Type
6.4.3 Saudi Arabia Power Strip Market by Application
6.5 South Africa Power Strip Market
6.5.1 South Africa Power Strip Market by Protection
6.5.2 South Africa Power Strip Market by Type
6.5.3 South Africa Power Strip Market by Application
6.6 Nigeria Power Strip Market
6.6.1 Nigeria Power Strip Market by Protection
6.6.2 Nigeria Power Strip Market by Type
6.6.3 Nigeria Power Strip Market by Application
6.7 Rest of LAMEA Power Strip Market
6.7.1 Rest of LAMEA Power Strip Market by Protection
6.7.2 Rest of LAMEA Power Strip Market by Type
6.7.3 Rest of LAMEA 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 LAMEA Power Strip Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Power Strip Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 4 LAMEA Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 5 LAMEA Surge Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Surge Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Fuse-based Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Fuse-based Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Other Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Other Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 12 LAMEA Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 13 LAMEA Power Strip Common Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Power Strip Common Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Power Strip Smart Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Power Strip Smart Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Power Strip Specialized Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Power Strip Specialized Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 20 LAMEA Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 21 LAMEA Commercial Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Commercial Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Household Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Household Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Industrial Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Industrial Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 29 Brazil Power Strip Market, 2017 - 2020, USD Million
TABLE 30 Brazil Power Strip Market, 2021 - 2027, USD Million
TABLE 31 Brazil Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 32 Brazil Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 33 Brazil Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 34 Brazil Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 35 Brazil Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 36 Brazil Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 37 Argentina Power Strip Market, 2017 - 2020, USD Million
TABLE 38 Argentina Power Strip Market, 2021 - 2027, USD Million
TABLE 39 Argentina Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 40 Argentina Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 41 Argentina Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 42 Argentina Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 43 Argentina Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 44 Argentina Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 45 UAE Power Strip Market, 2017 - 2020, USD Million
TABLE 46 UAE Power Strip Market, 2021 - 2027, USD Million
TABLE 47 UAE Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 48 UAE Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 49 UAE Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 50 UAE Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 51 UAE Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 52 UAE Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 53 Saudi Arabia Power Strip Market, 2017 - 2020, USD Million
TABLE 54 Saudi Arabia Power Strip Market, 2021 - 2027, USD Million
TABLE 55 Saudi Arabia Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 56 Saudi Arabia Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 57 Saudi Arabia Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 58 Saudi Arabia Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 59 Saudi Arabia Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 60 Saudi Arabia Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 61 South Africa Power Strip Market, 2017 - 2020, USD Million
TABLE 62 South Africa Power Strip Market, 2021 - 2027, USD Million
TABLE 63 South Africa Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 64 South Africa Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 65 South Africa Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 66 South Africa Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 67 South Africa Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 68 South Africa Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 69 Nigeria Power Strip Market, 2017 - 2020, USD Million
TABLE 70 Nigeria Power Strip Market, 2021 - 2027, USD Million
TABLE 71 Nigeria Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 72 Nigeria Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 73 Nigeria Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 74 Nigeria Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 75 Nigeria Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 76 Nigeria Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 77 Rest of LAMEA Power Strip Market, 2017 - 2020, USD Million
TABLE 78 Rest of LAMEA Power Strip Market, 2021 - 2027, USD Million
TABLE 79 Rest of LAMEA Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 80 Rest of LAMEA Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 81 Rest of LAMEA Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 82 Rest of LAMEA Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 83 Rest of LAMEA Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 84 Rest of LAMEA 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.