As per MRFR analysis, the Canada Power Strip Market Size was estimated at 1.61 (USD Billion) in 2023. The Canada Power Strip Market Industry is expected to grow from 1.75(USD Billion) in 2024 to 3.15 (USD Billion) by 2035. The Canada Power Strip Market CAGR (growth rate) is expected to be around 5.489% during the forecast period (2025 - 2035).
The Canada Power Strip Market is witnessing significant trends driven by the increasing demand for energy-efficient and multifunctional power solutions. As consumers and businesses focus more on sustainability, there is a rising preference for power strips that include features such as surge protection, energy monitoring, and smart technology. Many Canadian residents are looking to reduce their energy consumption, thus seeking products that help to manage and limit wasteful usage. This trend aligns well with Canada's commitment to reducing carbon emissions and promoting green technologies, contributing to the growing popularity of innovative power strips.As Canadians adapt to new technologies like smart homes, the need for power strips, USB ports, wireless charging, and smart features has significantly increased.
More remote work means homes have more devices that need charging, further increasing demand for power strips. Businesses can take advantage of this by focusing on the needs of the consumers with diversified products tailored to these shifts in demand. Furthermore, electrical safety has become a prominent concern among people in Canada, marking a shift in consumer habits. This has resulted in a demand for power strips with child safety locks and advanced circuit interrupt systems.
The focus on safety can be seen in educational campaigns by Canadian safety organizations, which encourage the public to use certified devices for their electrical needs. Thus, the combination of environmental consciousness, technological advancement, and safety awareness presents a compelling landscape for the Canada Power Strip Market, allowing businesses to innovate and align with consumer preferences more effectively.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Increasing Demand for Smart Homes
The trend toward smart homes in Canada is a significant driver for the Canada Power Strip Market Industry. Statistics Canada notes that 23% of Canadian households operated smart home devices in 2022, reflecting a growing inclination toward connected living environments. Smart power strips are expected to cater to this need by offering solutions such as surge protection, energy monitoring, and the ability to control devices remotely.
As organizations like the Canadian Smart Home Association advocate for the adoption of smart technologies, the demand for innovative power solutions, including smart power strips, continues to rise.This is projected to not only enhance convenience but also promote energy efficiency, leading to a robust market growth trajectory.
Rise of Renewable Energy Sources
The shift towards renewable energy sources in Canada is driving advancements in power management solutions, including power strips. The Government of Canada has invested significantly, with over CAD 1 billion allocated to clean energy projects. This transition is expected to increase the use of power strips that accommodate various energy inputs, promoting versatility and efficiency. As more consumers adopt solar panels and other renewable technologies, the Canada Power Strip Market Industry will benefit from the need for power strips that can integrate these energy sources, further encouraging growth in the sector.
Growth in Residential and Commercial Construction
The expanding residential and commercial construction market in Canada plays a crucial role in boosting the Canada Power Strip Market Industry. In 2022, it was reported that construction spending in Canada reached CAD 305 billion, a strong indicator of ongoing development. New builds and renovations increasingly require efficient electrical management solutions, including traditional and smart power strips.
As more formidable players in the construction sector, such as the Canadian Home Builders' Association, emphasize the importance of modern technology in homes and offices, the market for power strips is expected to experience significant growth due to heightened demand for newly constructed spaces.
Power Strip Market Type Insights
The Canada Power Strip Market has been categorized by type, primarily into Common Power Strips, Smart Power Strips, and Specialized Power Strips, each holding distinct roles within the market framework. Common Power Strips, widely recognized for their universal connectivity, provide an essential solution for households and businesses needing to expand the number of outlets available. These devices are vital in a country like Canada, which has a significant number of electronic devices per household, thus illustrating an ongoing demand for this type of product. Meanwhile, Smart Power Strips have emerged as a noteworthy trend, gaining traction among tech-savvy consumers who prioritize energy efficiency and smart home integration.
With advancements in technology, these strips often feature mobile app capabilities to monitor usage and provide control over connected devices, aligning perfectly with Canada's focus on sustainability and reducing greenhouse gas emissions. Considering the government's commitment to a greener economy by 2030, the demand for Smart Power Strips is gradually increasing, validating their importance in modern power management.Additionally, Specialized Power Strips cater to niche markets demanding unique features like surge protection, USB ports, or outdoor compatibility. These strips exemplify the growing trend towards personalization and specificity in consumer electronics, as individuals look for devices that not only meet their basic needs but offer added functionalities. Industries focused on ensuring safety and efficiency within their operations, particularly in sectors such as construction and entertainment, find Specialized Power Strips particularly beneficial.
Overall, the market segmentation for the Canada Power Strip Market is shaped by the varying needs of consumers and businesses, influenced by technological advancement, environmental concerns, and safety regulations. The differentiation between Common, Smart, and Specialized Power Strips underscores a dynamic market landscape that reflects consumer behavior and regulatory requirements in Canada. As the market continues to evolve, these segments are likely to adapt, finding new opportunities within the growing emphasis on energy conservation and efficient power distribution.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Power Strip Market Protection Type Insights
The Protection Type segment within the Canada Power Strip Market is increasingly gaining traction due to the rising demand for safety measures in electrical devices. With a growing reliance on technology and electronic appliances across households and businesses in Canada, effective protection systems like Surge Protection and Fuse Based Protection are becoming essential. Surge Protection systems are particularly significant for safeguarding sensitive electronics from voltage spikes, which have been shown to be a common issue in urban and suburban areas.The emphasis on Fuse Based Protection also highlights the necessity for immediate circuit interruption to prevent overloads, enhancing user safety.
The Canadian Electrical Code encourages the use of these protective measures, as they significantly reduce the risk of fire hazards and device damage. The increasing awareness about energy efficiency and the need for reliable electrical solutions foster substantial growth opportunities for these protective types in the market. Furthermore, a notable trend in consumer preferences towards smart power strips that integrate surge protection features indicates a shift towards proactive measures in electrical safety, making this segment a crucial focus for manufacturers aiming to cater to the evolving demands of Canadian consumers.
Power Strip Market Application Insights
The Canada Power Strip Market is evolving significantly across various application sectors, with key segments including Household, Commercial, and Industrial usage. The household application plays a crucial role, driven by the increasing number of electronic devices per household, as Canadians rely on power strips for safety and convenience in their living spaces. Meanwhile, the commercial sector benefits from the growing emphasis on energy efficiency within businesses, pushing the demand for power strips that offer surge protection and reliable connectivity.
In the industrial realm, power strips serve a vital function in manufacturing and production facilities, providing necessary electrical support for heavy machinery and tools essential to operations. This diversity in application not only showcases the significant role of power strips in everyday life but also emphasizes their importance in enhancing functional efficiency in both domestic and various business settings across Canada. Additionally, the rising trend of smart homes is further influencing the household segment, creating opportunities for advanced power strip solutions capable of integrating with smart technologies.
The Canada Power Strip Market is characterized by a diverse landscape of competitors that offer a range of products catering to the increasing demand for power solutions in residential, commercial, and industrial settings. As technology advances and the number of electronic devices in use escalates, the need for reliable power strips has become paramount. Companies in this market strive to penetrate the market through innovative designs, enhanced features like surge protection and smart capabilities, and varying price points to accommodate different consumer segments.
The competition is intense, with a number of established brands and emerging players vying for market share, each leveraging unique strengths, distribution strategies, and customer loyalty programs to gain an advantage. Furthermore, partnerships, marketing tactics, and product differentiation are crucial elements that define the competitive dynamics in this sector as companies continuously adapt to meet evolving consumer preferences and regulatory requirements.Anker Innovations has positioned itself prominently within the Canada Power Strip Market, highlighting its strengths in advanced technology and customer-focused innovations. The company's power strips are highly regarded for their durability, safety features, and unique charging capabilities, catering particularly to the tech-savvy consumer demographic.
Anker's emphasis on quality assurance through rigorous testing and adherence to safety standards has helped solidify its reputation in the market. Furthermore, Anker leverages its branding and marketing strategies effectively to promote its products through various online platforms and retail channels across Canada. By consistently delivering high-performance power solutions and building strong customer loyalty, Anker Innovations has established itself as a key player in the Canadian market.Legrand's presence in the Canada Power Strip Market reflects its long-standing authority and expertise in electrical and digital building infrastructures.
The company offers a wide range of products including power strips designed for both residential and commercial use, known for their quality and innovation. Legrand stands out in the market due to its commitment to sustainability and energy efficiency, appealing to environmentally conscious consumers. Key offerings from Legrand in Canada incorporate advanced surge protection and smart technology, catering to the needs of modern consumers.
The company has engaged in strategic mergers and acquisitions to enhance its product lineup and expand its market reach, allowing it to consolidate its standing as a leader in the segment. This comprehensive approach to market presence, combined with a steady focus on research and development, has enabled Legrand to maintain a competitive edge in the evolving landscape of the power strip market in Canada.
Recent developments in the Canada Power Strip Market have shown notable growth and shifts among key players. Anker Innovations, Legrand, and Tripp Lite are actively expanding their product offerings to adapt to the increasing consumer demand for energy-efficient solutions. In August 2023, Targus announced a partnership with Belkin International to enhance their power-related product lines, enabling a focus on sustainability in design. There have been no widely reported mergers or acquisitions involving these companies in the last few months. However, Schneider Electric's acquisition of a small tech firm for smart power management in July 2022 has strengthened its market position.
Over the last two years, the overall valuation of companies such as CyberPower Systems and Eaton Corporation has risen dramatically due to the growing trend of smart and connected devices, which require advanced power management systems. Regulatory frameworks have also evolved; January 2023 saw updates to the Canadian Electrical Code, promoting safer product standards. This market is anticipated to grow further as more businesses and consumers prioritize energy efficiency and technology integration in their day-to-day operations, reflecting broader environmental sustainability initiatives across Canada.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 1.61(USD Billion) |
| MARKET SIZE 2024 | 1.75(USD Billion) |
| MARKET SIZE 2035 | 3.15(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.489% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Anker Innovations, Legrand, Tripp Lite, Targus, StarTech.com, Belkin International, AmazonBasics, Eaton Corporation, GE Current, Schneider Electric, Hubbell Incorporated, APC by Schneider Electric, Zebronics, Siemens, CyberPower Systems |
| SEGMENTS COVERED | Type, Protection Type, Application |
| KEY MARKET OPPORTUNITIES | Smart power strip integration, Increased demand for surge protection, Eco-friendly design innovations, Expansion in IoT-enabled devices, Growing retail distribution channels |
| KEY MARKET DYNAMICS | increasing demand for energy efficiency, rise in electronic devices, focus on safety standards, growth of smart home technology, surge in online retail sales |
| COUNTRIES COVERED | Canada |
Frequently Asked Questions (FAQ) :
The Canada Power Strip Market is expected to be valued at 1.75 billion USD in 2024.
By 2035, the Canada Power Strip Market is expected to reach a valuation of 3.15 billion USD.
The expected CAGR for the Canada Power Strip Market is 5.489% during the period from 2025 to 2035.
The Common Power Strip is projected to hold the largest market share, valued at 0.7 billion USD in 2024.
Smart Power Strips are expected to grow to a valuation of 1.0 billion USD by the year 2035.
Key players in the Canada Power Strip Market include Anker Innovations, Legrand, Tripp Lite, and Belkin International, among others.
Global market dynamics could impact the demand and supply, influencing the growth trends of the Canada Power Strip Market.
The market value for Specialized Power Strips is expected to be 0.55 billion USD in 2024.
There are opportunities in the growing demand for smart and specialized power strips as consumer needs evolve.
The market is expected to experience steady growth, propelled by innovations and increasing power requirements from consumers.
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