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    US Power Strip Market

    ID: MRFR/E&P/11566-CR
    100 Pages
    Garvit Vyas
    December 2023

    US Power Strip Market Research Report Information By Type (Common Power Strip, Smart Power Strip, and Specialized Power Strip), By Protection Type (Surge Protection and Fuse Based Protection), By Application (Household, Commercial, and Industrial), and By Region - Global Forecast to 2030

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    US Power Strip Market Infographic
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    Summary Table of Contents Segmentation Infographic

    US Power Strip Market Summary

    The US Power Strip market is projected to grow from 3500 USD Million in 2024 to 5200 USD Million by 2035.

    Key Market Trends & Highlights

    US Power Strip Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 3.66 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 5200 USD Million, indicating robust growth.
    • In 2024, the market is valued at 3500 USD Million, reflecting a strong demand for power management solutions.
    • Growing adoption of smart home technology due to increased consumer awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 3500 (USD Million)
    2035 Market Size 5200 (USD Million)
    CAGR (2025 - 2035) 3.66%

    Major Players

    Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

    Key Companies in the US Power Strip Market market include

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 12,756.2 million
    Market Size 2023 USD 13,404.5 million
    Market Size 2030 USD 17,942.6 million
    Compound Annual Growth Rate (CAGR) 4.3 % (2023-2030)
    Base Year 2022
    Forecast Period 2023-2030
    Historical Data 2019 - 2022
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Protection Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, UAE, Argentina,
    Key Companies Profiled ABB Ltd, (Switzerland), Siemens AG (Munich), Schneider Electric SE (Paris), Delixi Electric Ltd (China), General Electric (US), Belkin International Inc. (US), Falconer Electronics (US), Panasonic Corporation (Japan), Legrand SA (France), and Cyber Power Systems Inc. (US)
    Key Market Opportunities ·       Surge Protection and Safety Concerns
    Key Market Drivers ·       Remote work and home office trends

    FAQs

    What is the expected market size of the US Power Strip Market in 2024?

    The US Power Strip Market is expected to be valued at 2.6 billion USD in 2024.

    What will be the market value of Common Power Strips in 2035?

    In 2035, the Common Power Strip segment is projected to reach a value of 1.8 billion USD.

    What is the expected compound annual growth rate (CAGR) for the US Power Strip Market from 2025 to 2035?

    The market is anticipated to grow at a CAGR of 5.113% during the period from 2025 to 2035.

    Which type of power strip will have the highest market value in 2024?

    The Common Power Strip will have the highest market value at 1.1 billion USD in 2024.

    What is the projected market size for Smart Power Strips in 2035?

    The Smart Power Strip market segment is expected to grow to 1.5 billion USD by 2035.

    What are the major players in the US Power Strip Market?

    Key players include GE, Emerson Electric, Targus, APC, Eaton, and Belkin International.

    How much is the Specialized Power Strip segment expected to be valued in 2024?

    The Specialized Power Strip segment is expected to be valued at 0.6 billion USD in 2024.

    What will be the overall market value of US Power Strip Market in 2035?

    The overall market is projected to reach a value of 4.5 billion USD by 2035.

    What growth opportunities exist within the US Power Strip Market?

    There are significant growth opportunities in the smart power strip segment due to increasing demand for energy-efficient solutions.

    What impact do current global trends have on the US Power Strip Market?

    Current global trends are driving innovation in smart and specialized power strips, enhancing market growth potentials.

    Report Infographic
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    Customer Stories

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