Power Strip Market Size, Growth and Key Manufacturers – Belkin, Leviton, Schneider, Legrand, Philips, Siemens

Report Ocean publishes a new report on the global Power Strip Market. The global Power Strip Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Power Strip Market to reach USD 14.69 Billion by 2027. Global Power Strip Market is valued approximately at USD 10.1 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2021-2027. 

A power strip is used to plug in multiple devices into a single wall outlet. It is specifically designed to withstand a power surge and keep electronic devices safe. The global Power Strip market is being driven by increasing demand for a stable power supply and an increase in consumer spending on electronic items. 

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Power Strip Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Power Strip Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Power Strip Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Power Strip Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Power Strip Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The study covers the fundamental aspects of the Global Power Strip Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Power Strip Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Power Strip Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Power Strip Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Power Strip Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Power Strip Market are:

General Electric
Belkin
Leviton
Schneider
Legrand
Philips
Siemens
ABB
Panasonic
Cyberpower

Scope of the Report

The global Power Strip Market segmentation focuses on:

By Type:
Smart Power Strip
Common Power Strip
Specialized Power Strip

By Protection:
Surge Protection
Fuse-based Protection
Others

By Application:
Household
Commercial
Industrial

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This release was published on openPR.