What is the current Power Strip Market size?

The Power Strip Market is projected to register a CAGR of 7% during the forecast period (2024-2029) Read More

Who are the key players in Power Strip Market?

Belkin International, Inc., Leviton Manufacturing Co., Inc., Panasonic Corporation, Legrand SA and Hubbell Incorporated are the major companies operating in the Power Strip Market. Read More

Which is the fastest growing region in Power Strip Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Power Strip Market?

In 2024, the North America accounts for the largest market share in Power Strip Market. Read More

What years does this Power Strip Market cover?

The report covers the Power Strip Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Power Strip Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Power Strip Market - Size, Share & Industry Analysis

Power Strip Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Includes Global Power Strip Manufacturer and the Market is Segmented by Installation Type (Furniture Power Distribution Units, Multioutlet Assemblies, Relocatable Power Taps), by Application (Common Type, Special Protection, Smart Power Strips), by End-User (Industrial, Commercial, Residential), and by Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

Power Strip Industry Overview

Due to the presence of a large number of global as well as regional market players, the power strip market seems to be highly competitive and fragmented. The level of engagement among the vendors is expected to strengthen in the following years due to the limited product differentiation and the underpricing strategy of regional market players.

August 2022 - Meross announced that it has revised its four-way HomeKit power strip and released a new and improved version of the same. The device can be integrated into Apple HomeKit, Amazon Alexa, Google Home, and SmartThings via 2.4GHz Wi-Fi.
September 2021 - Tripp Lite announced offering surge protectors with antimicrobial protection for non-medical environments. Earlier, Tripp Lite's antimicrobial surge protectors product line featured only models designed for healthcare facilities. The plastic housing of these surge protectors has antimicrobial properties that help resist the growth of bacteria, fungi, mold, viruses, and mildew.