Latest Market Research Report 2025

  The global  power strip market  size is expected to reach USD 15.7 billion by 2028, expanding at a CAGR of 5.7% from 2021 to 2028, 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, pr...

  Power Strip Industry Overview The global power strip market size was valued at more than USD 10.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028.   The market is expected to benefit from the increasing demand for a stable power supply. The surge in the demand for utility and electrical equipment is increasing the need for a stable power supply, which has increased the importance of improving the quality of power in electrical systems. The COVID-19 pandemic has positively impacted the market growth owing to a steep rise in online sales and the increasing usage of multiple devices at home. Due to the lockdown, customers across the world have started working from home; therefore, protecting electrical devices has become more important, thus surging the sales of power strips with surge protectors.   Gather more insights about the market drivers, restrains and growth of the Global Power Strip Market   ...