The North America Power Strip Market would witness market growth of 6.3% CAGR during the forecast period (2021-2027).
A power strip, also known as extension board refers to lengthy electrical sockets with an attached flexible cable, which helps in plugging them into an electrical receptacle. It is widely utilized at the place where electrical devices in proximity require more sockets than the available ones. These power strips are very useful at the places like households, in particular living areas, industrial units, where there are fewer sockets available. There are numerous types of power strips available in the market, some have individual switches for each socket and some are compatible with advanced technologies like Alexa.
The high disposable income of the consumers is the fuel for the demand for power strip market. Due to the high disposable income, consumers spend more on adopting numerous advanced and innovative electronic devices like microwaves, laptops, desktops, and others. It will further create more demand for power strips in the regional market.
The presence of key companies in the power strip market is also supporting the regional growth of the power strip market. In addition, the boosting demand for protection systems in electronic devices is estimated to spur the demand for a power strip in this region. Consumers across this region are highly inclining towards the adoption of sustainable energy products, which would augment the demand for power strips that helps in saving energy.
The US market dominated the North America Fuse-based Protection Power Strip Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,149.9 million by 2027. The Canada market is experiencing a CAGR of 8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Power Strip Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Power Strip Market, by Type
1.4.2 North America Power Strip Market, by Protection
1.4.3 North America Power Strip Market, by Application
1.4.4 North America 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. North America Power Strip Market by Protection
3.1 North America Surge Protection Power Strip Market by Country
3.2 North America Fuse-based Protection Power Strip Market by Country
3.3 North America Other Protection Power Strip Market by Country
Chapter 4. North America Power Strip Market by Type
4.1 North America Power Strip Common Market by Country
4.2 North America Power Strip Smart Market by Country
4.3 North America Power Strip Specialized Market by Country
Chapter 5. North America Power Strip Market by Application
5.1 North America Commercial Power Strip Market by Country
5.2 North America Household Power Strip Market by Country
5.3 North America Industrial Power Strip Market by Country
Chapter 6. North America Power Strip Market by Country
6.1 US Power Strip Market
6.1.1 US Power Strip Market by Protection
6.1.2 US Power Strip Market by Type
6.1.3 US Power Strip Market by Application
6.2 Canada Power Strip Market
6.2.1 Canada Power Strip Market by Protection
6.2.2 Canada Power Strip Market by Type
6.2.3 Canada Power Strip Market by Application
6.3 Mexico Power Strip Market
6.3.1 Mexico Power Strip Market by Protection
6.3.2 Mexico Power Strip Market by Type
6.3.3 Mexico Power Strip Market by Application
6.4 Rest of North America Power Strip Market
6.4.1 Rest of North America Power Strip Market by Protection
6.4.2 Rest of North America Power Strip Market by Type
6.4.3 Rest of North America 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 North America Power Strip Market, 2017 - 2020, USD Million
TABLE 2 North America Power Strip Market, 2021 - 2027, USD Million
TABLE 3 North America Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 4 North America Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 5 North America Surge Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Surge Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Fuse-based Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Fuse-based Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Other Protection Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Other Protection Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 12 North America Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 13 North America Power Strip Common Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Power Strip Common Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Power Strip Smart Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Power Strip Smart Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Power Strip Specialized Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Power Strip Specialized Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 20 North America Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 21 North America Commercial Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Commercial Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Household Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Household Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Industrial Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Industrial Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Power Strip Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Power Strip Market by Country, 2021 - 2027, USD Million
TABLE 29 US Power Strip Market, 2017 - 2020, USD Million
TABLE 30 US Power Strip Market, 2021 - 2027, USD Million
TABLE 31 US Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 32 US Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 33 US Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 34 US Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 35 US Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 36 US Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 37 Canada Power Strip Market, 2017 - 2020, USD Million
TABLE 38 Canada Power Strip Market, 2021 - 2027, USD Million
TABLE 39 Canada Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 40 Canada Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 41 Canada Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 42 Canada Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 43 Canada Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 44 Canada Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 45 Mexico Power Strip Market, 2017 - 2020, USD Million
TABLE 46 Mexico Power Strip Market, 2021 - 2027, USD Million
TABLE 47 Mexico Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 48 Mexico Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 49 Mexico Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 50 Mexico Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 51 Mexico Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 52 Mexico Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 53 Rest of North America Power Strip Market, 2017 - 2020, USD Million
TABLE 54 Rest of North America Power Strip Market, 2021 - 2027, USD Million
TABLE 55 Rest of North America Power Strip Market by Protection, 2017 - 2020, USD Million
TABLE 56 Rest of North America Power Strip Market by Protection, 2021 - 2027, USD Million
TABLE 57 Rest of North America Power Strip Market by Type, 2017 - 2020, USD Million
TABLE 58 Rest of North America Power Strip Market by Type, 2021 - 2027, USD Million
TABLE 59 Rest of North America Power Strip Market by Application, 2017 - 2020, USD Million
TABLE 60 Rest of North America Power Strip Market by Application, 2021 - 2027, USD Million
TABLE 61 Key Information – ABB Group
TABLE 62 Key Information – General Electric (GE) Co.
TABLE 63 Key Information – Siemens AG
TABLE 64 Key information – Schneider Electric SE
TABLE 65 Key Information – Panasonic Corporation
TABLE 66 Key Information – Koninklijke Philips N.V.
TABLE 67 key Information – Legrand S.A.
TABLE 68 Key Information – CyberPower Systems (USA), Inc.
TABLE 69 Key Information – Leviton Manufacturing Co., Inc.
TABLE 70 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.