Global Power Strip Market Size & Outlook, 2021-2028

The power strip industry worldwide is expected to reach a projected revenue of US$ 15,745.1 million by 2028. A compound annual growth rate of 5.7% is expected of the worldwide power strip industry from 2022 to 2028.
Revenue, 2021 (US$M)
$10,651.0
Forecast, 2028 (US$M)
$15,745.1
CAGR, 2022 - 2028
5.7%
Report Coverage
Worldwide

Global power strip market highlights

  • The global power strip market generated a revenue of USD 10,651.0 million in 2021 and is expected to reach USD 15,745.1 million by 2028.
  • The market is expected to grow at a CAGR (2022 - 2028) of 5.7% by 2028.
  • In terms of segment, common power strip accounted for a revenue of USD 6,102.9 million in 2021.
  • Smart Power Strip is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2021.
  • Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.

Global data book summary

Market revenue in 2021USD 10,651.0 million
Market revenue in 2028USD 15,745.1 million
Growth rate5.7% (CAGR from 2021 to 2028)
Largest segmentCommon power strip
Fastest growing segmentSmart Power Strip
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationSmart Power Strip, Common Power Strip, Specialized Power Strip

Other key industry trends

  • In terms of revenue, the North America accounted for 33.2% of the global power strip market in 2021.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 3,786.4 million by 2028.

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Power Strip Market Companies

Name Profile # Employees HQ Website

Global power strip market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power strip market will help companies and investors design strategic landscapes.


Common power strip was the largest segment with a revenue share of 57.3% in 2021. Horizon Databook has segmented the Global power strip market based on smart power strip, common power strip, specialized power strip covering the revenue growth of each sub-segment from 2017 to 2028.


  • Global Power Strip Type Outlook (Revenue, USD million, 2017-2028)
    • Smart Power Strip
    • Common Power Strip
    • Specialized Power Strip
  • Global Power Strip Protection Type Outlook (Revenue, USD million, 2017-2028)
    • Surge Protection
    • Fuse-based Protection
    • Others
  • Global Power Strip Application Outlook (Revenue, USD million, 2017-2028)
    • Household
    • Commercial
    • Industrial

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Target buyers of Global power strip market databook

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Horizon Databook provides a detailed overview of global-level data and insights on the Global power strip market , including forecasts for subscribers. This global databook contains high-level insights into Global power strip market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Global power strip market size, by regions, 2017-2028 (US$M)

Top 10 countries: Power strip market size, 2021 (US$M)

Global power strip market share, by type, 2021 & 2028 (%, US$M)

Power strip market: Opportunity assessment by country

Global power strip market, by region, 2021 (US$M)

Global power strip market size, by regions, 2017-2028 (US$M)

Type 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR
North America 2,992.1 3,105.3 3,226.3 3,376.3 3,535.6 3,697.9 3,859.4 4,030.6 4,212.1 4,404.7 4,609.1 4,825.9 4.5%
Europe 2,637.1 2,760.4 2,892.7 3,056.0 3,226.9 3,404.1 3,584.2 3,777.4 3,984.9 4,207.7 4,447.1 4,704.6 5.5%
Asia Pacific 2,383.6 2,534.8 2,698.3 2,897.3 3,104.7 3,323.8 3,551.6 3,798.6 4,066.6 4,357.6 4,673.9 5,018.0 7.1%
Latin America 391.9 412.3 434.2 461.0 489.2 518.7 548.8 581.3 616.3 653.9 694.6 738.5 6.1%
MEA 231.9 245.0 259.2 276.5 294.7 313.7 333.4 354.6 377.5 402.3 429.1 458.2 6.5%
Overall 8,636.6 9,057.8 9,510.7 10,067.1 10,651.0 11,258.1 11,877.3 12,542.4 13,257.3 14,026.3 14,853.8 15,745.1 5.7%

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