Dublin, May 08, 2025 (GLOBE NEWSWIRE) -- The "Power Strip Market Size, Share & Trends Analysis Report By Type (Smart Power Strip, Common Power Strip), By Protection Type (Surge Protection, Fuse-based Protection), By Application (Household, Commercial, Industrial), By Region, And Segment Forecasts, 2025 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global power strip market size is expected to reach USD 17.5 billion by 2030, registering a CAGR of 5.7% from 2025 to 2030.
With the rise in disposable income, there has been a surge in the demand for electrical equipment with advanced technology, which is the major factor driving the market growth. The need for power quality protection equipment is becoming essential as the use of electronic equipment is increasing in the residential sector, corporations, and manufacturing facilities.
The need for power protectors for individual equipment as well as the entire facility is increasing as surges and transient voltages impact profitability and productivity. In recent years, the market, once dominated by household appliances, has branched out into a massive range of different offerings. The demand for sophisticated and highly technological appliances and such as personal computers, LED televisions, printers, washing machines, microwaves, and industrial equipment is increasing rapidly.
The adoption of technologically advanced equipment such as laptops, LCDs, washing machines, and LED televisions in emerging countries is driving the demand for technologically advanced power strips.
Power Strip Market Report Highlights
- Common power strips dominated the power strip industry with a revenue share of 56.7% in 2024. Smart power strips are expected to register the highest CAGR of 6.1% over the forecast period.
- Surge protection dominated the power strip market in 2024 and is expected to register the highest CAGR over the forecast period. Fuse-based protection is expected to experience notable growth over the forecast period.
- The commercial sector dominated the power strip market with the highest revenue share in 2024. The household sector is expected to register the highest CAGR over the forecast period.
- North America power strip market dominated the global market in 2024 with revenue share of 34.3%. The high adoption of electronic devices across residential, commercial, and industrial sectors drives the region's leadership.
- The Asia Pacific power strip market is expected to grow at the highest CAGR of 7.1% over the forecast period. The China power strip market dominated the Asia Pacific market in 2024.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $12.5 Billion |
| Forecasted Market Value (USD) by 2030 | $17.5 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Power strip Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.3. Business Environment Analysis
Chapter 4. Power strip Market: Type Business Analysis
4.1. Type Market Share, 2024 & 2030
4.2. Type Segment Dashboard
4.3. Market Size & Forecasts and Trend Analysis, by Type, 2018 to 2030 (USD Million)
4.4. Smart power strip
4.5. Common power strip
4.6. Specialized power strip
Chapter 5. Power strip Market: Protection Type Business Analysis
5.1. Protection Type Market Share, 2024 & 2030
5.2. Protection Type Segment Dashboard
5.3. Market Size & Forecasts and Trend Analysis, by Protection Type, 2018 to 2030 (USD Million)
5.4. Surge protection
5.5. Fuse-based protection
5.6. Other
Chapter 6. Power strip Market: Application Business Analysis
6.1. Application Market Share, 2024 & 2030
6.2. Application Segment Dashboard
6.3. Market Size & Forecasts and Trend Analysis, by Application, 2018 to 2030 (USD Million)
6.4. Household
6.5. Commercial
6.6. Industrial
Chapter 7. Power strip Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
8.1. Participant Overview
8.2. Company Market Position Analysis
8.3. Company Categorization
8.4. Strategy Mapping
8.5. Company Profiles
- General Electric Company
- Belkin
- Leviton Manufacturing Co., Inc.
- Schneider Electric
- Legrand
- Koninklijke Philips N.V.,
- Siemens
- ABB
- Panasonic corporation
- Cyber Power Systems, Inc.
- Delixi Electric
- Falconer Electronics
For more information about this report visit https://www.researchandmarkets.com/r/zdn9yl
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