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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


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

The power strip market in the United States is experiencing substantial demand driven by a combination of factors that reflect the evolving needs of consumers and the increasing reliance on electronic devices. The U.S. power strip market is witnessing a surge in demand primarily due to the expanding use of electronic gadgets in households, commercial spaces, and industrial settings. One of the key drivers of this demand is the proliferation of electronic devices in the daily lives of Americans. With the rise in the number of smart home devices, personal computers, entertainment systems, and other electronic appliances, there is a growing need for power strips to accommodate multiple devices simultaneously. Consumers seek power strips that offer not only expanded outlet capacity but also advanced features such as surge protection and USB ports to meet the diverse charging requirements of modern devices. The surge in remote work and online learning has further intensified the demand for power strips. As more individuals work and study from home, the need for multiple power outlets in a single location becomes crucial. Power strips enable users to create efficient and organized charging stations for various devices, contributing to enhanced productivity and convenience. Commercial and industrial sectors also contribute significantly to the demand for power strips in the U.S. The commercial segment, encompassing offices, retail spaces, and public establishments, relies heavily on power strips to manage the array of electronic equipment and devices essential for daily operations. Additionally, industries utilize power strips for powering machinery, computers, and various electronic components, driving demand in the industrial sector. The preference for advanced power strips with features like surge protection and energy-saving capabilities is becoming more pronounced. Consumers are increasingly aware of the importance of protecting their electronic devices from power surges, making surge protection a sought-after feature in power strips. Moreover, the emphasis on energy efficiency aligns with broader environmental concerns, prompting users to choose power strips with energy-saving features. The U.S. power strip market is marked by a variety of product types, including common power strips, smart power strips, and specialized power strips. The common power strip segment, offering traditional yet effective power distribution solutions, holds a significant share of the market. However, the growing interest in smart home technologies has led to an increased adoption of smart power strips, which offer users remote control and automation features. In conclusion, the demand for power strips in the U.S. is on a robust growth trajectory, fueled by the increasing number of electronic devices in households, the surge in remote work and online learning, and the diverse needs of commercial and industrial sectors. As consumers prioritize convenience, safety, and energy efficiency, the power strip market in the U.S. is likely to witness sustained demand, prompting manufacturers to innovate and cater to evolving preferences.

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


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