Power Strips

Global Power Strips Market to Reach US$16.3 Billion by 2030

The global market for Power Strips estimated at US$13.5 Billion in the year 2024, is expected to reach US$16.3 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2024-2030. Common Power Strip, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$10.6 Billion by the end of the analysis period. Growth in the Smart Power Strip segment is estimated at 1.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.7 Billion While China is Forecast to Grow at 6.3% CAGR

The Power Strips market in the U.S. is estimated at US$3.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Global Power Strips Market - Key Trends & Drivers Summarized

How Are Safety and Smart Technology Advancing the Design of Power Strips?
Power strips, once basic electrical accessories, are now engineered with advanced safety features and smart functionalities to support increasingly connected homes and workplaces. Modern designs integrate built-in surge protection systems with higher joule ratings to safeguard against voltage spikes caused by lightning or power outages. Thermal fuses, overload protection circuits, and flame-retardant housings have become standard in quality-assured models, particularly in countries with stringent electrical safety standards such as the U.S., Germany, and Japan.

The emergence of smart power strips with Wi-Fi or Bluetooth connectivity is further expanding their role in digital infrastructure. These strips can be programmed remotely to schedule device operation, monitor energy consumption, and reduce phantom power draw-capabilities increasingly valued in energy-conscious households and offices. Some models integrate voice assistant compatibility (e.g., Alexa, Google Assistant) and app-based control, offering a central interface for managing multiple devices. These features are appealing not only in residential settings but also in smart classrooms, coworking spaces, and high-density retail environments where intelligent load control is essential for safety and energy efficiency.

Which Use-Case Scenarios Are Driving Demand Beyond Household Applications?
While residential users remain a primary market, the application of power strips is rapidly expanding into commercial, industrial, and institutional domains. In office environments, ergonomic desk-mounted strips with USB-C and Ethernet ports are facilitating hybrid work setups and hot-desking practices. Data centers and IT infrastructure hubs rely on heavy-duty rack-mounted power distribution units (PDUs) and surge-protected strips to support uninterrupted power supply to sensitive servers and networking equipment.

In manufacturing and workshop environments, ruggedized power strips with moisture and dust resistance (IP44+ ratings) are used to power tools, conveyor systems, and instrumentation clusters. Retail chains and exhibition organizers often utilize modular strips for powering point-of-sale systems, lighting, and digital displays-requiring both flexibility and overload safety. In education and healthcare, tamper-proof and hospital-grade strips with isolation transformers are used in classrooms and patient care areas, respectively. With the global increase in electronics per user, power strips are becoming indispensable in all settings where device clusters are common and safety, flexibility, and manageability are required.

How Are Sustainability and Energy Efficiency Trends Shaping Consumer Expectations?
Environmental concerns and energy efficiency mandates are reshaping the expectations surrounding power strip functionality and lifecycle. Consumers now prefer strips with energy-monitoring capabilities, auto shut-off features, and recyclable materials. Some energy-conscious users are adopting strips with motion sensors or master-slave switching configurations, where turning off a primary device automatically disconnects peripherals-commonly used with desktop computers or home entertainment systems. These features contribute to reducing idle power draw and improving appliance longevity.

Eco-labeling programs such as ENERGY STAR (U.S.) and EU Ecodesign are influencing procurement choices in public institutions and green-certified buildings. In parallel, minimalist and modular aesthetics are becoming increasingly important, with users seeking designs that complement modern interiors and support vertical or under-desk mounting. Consumer reviews, smart home integration, and online compatibility ratings are heavily impacting buying decisions. Brands that emphasize sustainable packaging, repairability, and low environmental impact during production are gaining favor among ethically conscious buyers. These evolving behaviors are pushing manufacturers to innovate not just in functionality but in form factor, environmental responsibility, and digital integration.

What Factors Are Driving Growth in the Global Power Strips Market?
The growth in the global power strips market is driven by rising electronic device usage, increasing need for flexible power distribution, and heightened awareness of electrical safety. As smart devices, entertainment systems, home appliances, and computing equipment proliferate, users require convenient, centralized power access solutions. This is especially prominent in urban homes, rental units, and coworking spaces where permanent electrical modifications are not viable. In developing economies, the surge in middle-class consumerism and electronics adoption is fueling first-time purchases of surge-protected and USB-enabled strips.

Expansion of telecommuting, e-learning, and remote diagnostics in healthcare has elevated the need for reliable and multi-device power management tools. Commercial construction projects and infrastructure upgrades in offices, airports, and hospitality venues are incorporating smart power strips into standard electrical layouts. Simultaneously, manufacturers are scaling production and distribution in Asia-Pacific and Latin America to cater to fast-growing urban populations and rising infrastructure investments.

Retail diversification-through electronics stores, e-commerce platforms, and B2B channels-is enabling greater accessibility and category awareness among consumers. Product bundling with electronics and bundled warranties are further driving adoption. With continuous product innovation, improved safety certifications, and integration into smart ecosystems, the power strips market is poised for sustained growth across residential, commercial, and industrial segments globally.

SCOPE OF STUDY:

The report analyzes the Power Strips market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Common Power Strip, Smart Power Strip, Specialized Power Strip); Protection Type (Surge Protection Type, Fuse-based Protection Type); Application (Household Application, Commercial Application, Industrial Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• ABB Ltd
• Acco Brands (Kensington)
• APC by Schneider Electric
• Belkin International
• Brennenstuhl GmbH & Co. KG
• CyberPower Systems, Inc.
• D-Link Corporation
• Eaton Corporation
• Fellowes, Inc.
• General Electric (GE)
• Hangzhou Honyar Electrical
• Hama GmbH & Co KG
• Huntkey Group
• Legrand SA
• Monster Inc.
• Panasonic Corporation
• Philips (Signify)
• Schneider Electric
• Tripp Lite (by Eaton)
• Xiaomi Corporation

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