Power Strip Market To Reach $17.5 Billion By 2030 | CAGR 5.7%

Power Strip Market Growth & Trends

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, according to a new report by Grand View Research, Inc. 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. The COVID-19 pandemic is anticipated to have a positive impact on the market growth. The pandemic has led to lockdowns across the globe, impelling people to work from home, increasing the need to connect several devices at the same time.

 Request a free sample copy or view report summary: Power Strip Market Report

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.

Power Strip Market Segmentation

Grand View Research has segmented global power strip market report based on type, protection type, application, and region:

Power Strip Type Outlook (Revenue, USD Million, 2018 - 2030)

• Smart Power Strip

• Common Power Strip

• Specialized Power Strip

Power Strip Protection Type (Revenue, USD Million, 2018 - 2030)

• Surge Protection

• Fuse-based Protection

• Others

Power Strip Application (Revenue, USD Million, 2018 - 2030)

• Household

• Commercial

• Industrial

Power Strip Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Power Strip Market

• 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