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A recent report from SNS Insider projects that the power strip market will reach $17.75 billion by 2030, growing at a CAGR of 5.4% during the forecast period (2023-2030).
The power strip market is on the rise due to the enhanced power quality in electrical systems and interest in electrical and utility equipment. As consumers seek efficient solutions for power management, the demand for advanced power strips with features like surge protection, USB ports, and smart capabilities is growing. This report delves into the driving factors, challenges, and opportunities in the market, making it essential reading for businesses looking to thrive in this sector.
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Key Players in the power strip market:
l Belkin International, Inc.
l Schneider Electric SE
l Koninklijke Philips N.V
l General Electri
l Leviton Manufacturing Co., Inc
l Legrand SA
l Siemens AG
l Panasonic Corporation
l Delixi Electric Ltd.
l ABB Ltd
l Cyber Power Systems, Inc.
l Falconer Electronics
Industry Segments
The report offers a detailed segmentation analysis, breaking down the market into various categories such as protection, type, application, and geography. This in-depth analysis enables companies to identify specific opportunities within each segment and tailor their strategies accordingly. By leveraging the insights provided, businesses can make informed decisions to enhance their market positioning and drive sustainable growth.
By Protection
l Surge Protection
l Fuse-based Protection
l Others
By Application
l Household
l Commercial
l Industrial
By Type
l Common Power Strip
l Specialized Power Strip
l Smart Power Strip
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Regional Overview
The Power Strip Market report analyzes key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Our analysis covers revenue, market share, and growth rates, providing a clear picture of regional dynamics and trends.
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