Power Strip Market is predicted to reach USD 17,942.6 million at a CAGR of 4.3% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Power Strip Market”.

Market Research Future (MRFR) has published a cooked research report on the “global power strip market” that contains the information from 2019 to 2030. The Power Strip market is estimated to register a CAGR of 4.3% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global power strip market— 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).

Market Highlights

The global power strip market is accounted for to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 17,942.6 million by 2030.

With the proliferation of electronic devices in both residential and commercial settings, consumers and businesses require more power outlets to accommodate their devices. This includes smartphones, laptops, tablets, desktop computers, gaming consoles, smart TVs, IoT devices, and more. As the number of devices per household or workplace increases, so does the demand for power strips.

The shift toward remote work and the growth of home offices have led to a surge in the use of electronic devices at home. Many individuals need power strips to manage the power supply to their laptops, monitors, printers, and other work-related equipment.

The gaming industry has experienced substantial growth, with gaming consoles, PCs, and gaming peripherals requiring multiple power outlets. Additionally, home entertainment systems, including smart TVs, soundbars, and streaming devices, contribute to the demand for power strips. The adoption of smart home technology and the Internet of Things (IoT) has led to the integration of various smart devices such as smart speakers, thermostats, security cameras, and voice assistants. These devices often require constant power and can be managed more efficiently with power strips featuring surge protection and USB charging ports.

There's a growing awareness of energy conservation and the need to reduce standby power consumption. Many modern power strips come equipped with energy-saving features, like timed outlets or master/slave configurations, which help users reduce their electricity bills. This makes power strips an attractive option for consumers looking to reduce their environmental footprint and energy costs. As electronic devices become more sophisticated and expensive, the risk of damage from power surges and voltage fluctuations increases. Power strips with built-in surge protection and overload protection are in high demand to safeguard valuable electronics. Power strips have evolved to meet consumer needs, offering features such as USB charging ports, wireless charging pads, and smart power management. These features enhance convenience and make power strips more appealing to consumers.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Power Strip Market

Segment Analysis

The global power strip market has been segmented based on type, protection type, application, and region.

The global power strip market segmentation, based on type has been segmented as common power strip, smart power strip, and specialized power strip. Among these, the common power strip type is projected to dominate the global power strip market revenue through the projected period. Basic power strips are the most common and widely used type. They provide multiple power outlets and are suitable for general use, accommodating various electronic devices simultaneously. These power strips often come with surge protection and may include on/off switches. Surge-protected power strips are designed to safeguard connected devices from voltage spikes and power surges. This type of power strip is increasingly popular due to the increasing value of electronic devices and the need for protection against potential electrical damage.

The global power strip market segmentation, based on protection type, the market is segmented as surge protection and fuse-based protection. Out of which the surge protection segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. Surge protection is crucial for safeguarding valuable electronic devices such as computers, televisions, gaming consoles, and home entertainment systems. A sudden voltage surge or spike can damage or even destroy these devices, leading consumers to seek power strips with built-in surge protection. With the proliferation of electronic devices in homes and offices, the risk of power surges damaging multiple devices simultaneously has grown. Power strips with surge protection allow users to connect multiple devices to a single surge-protected outlet, providing a cost-effective and convenient solution. The rise of remote work and home offices has led to the increased use of sensitive electronic equipment at home. Surge protection is essential for protecting work-related devices like computers, monitors, printers, and network equipment from potential damage caused by electrical surges.

The global power strip market segmentation, based on application, the market is segmented as household, commercial, and industrial. Out of which the commercial segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well. Commercial environments such as offices, retail stores, restaurants, and healthcare facilities rely heavily on electronic devices for daily operations. Computers, monitors, printers, point-of-sale systems, security cameras, and communication equipment all require power sources. As the number of devices used in commercial settings continues to rise, the demand for power strips to accommodate them grows as well. Many businesses are actively pursuing energy-efficient solutions to reduce operating costs and environmental impact. Energy-efficient power strips with features like timed outlets or master/slave configurations help minimize standby power consumption, aligning with commercial efforts to improve energy efficiency.

Regional Analysis

By Region, the study segments the Power Strip market into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America region has experienced significant economic growth over the past decades. North America has one of the highest rates of electronic device adoption in the world. Consumers, businesses, and institutions in the region heavily rely on devices such as computers, laptops, smartphones, tablets, smart TVs, gaming consoles, and IoT devices. This widespread use necessitates power strips to provide ample outlets for charging and powering these devices. The COVID-19 pandemic accelerated remote work and telecommuting trends. As more people work from home, they require power strips to manage their home office setups effectively. This includes the need for surge-protected power strips to safeguard valuable equipment. North America has a thriving entertainment and gaming industry. Home entertainment systems, gaming consoles, streaming devices, and audio equipment often require multiple power outlets. Power strips are essential for creating convenient and organized setups.

Key Findings of the Study

• The global power strip market is expected to reach USD 17,942.6 million by 2030, at a CAGR of 4.3% during the forecast period.


• The North America region accounted for the fastest-growing global market.


• Based on type, the common power strip segment was attributed to holding the largest market in 2022.


• Based on application, the surge protection segment was attributed to holding the largest market in 2022.


• 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) are the key market players.