Power Strip Market Growth, Size, Trends Analysis- By Type, By Protection, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Power Strip Market Introduction and Overview

According to SPER Market Research, the Global Power Strip Market is estimated to reach USD 22.34 billion by 2034 with a CAGR 5.98%.

The report includes an in-depth analysis of the Global Power Strip Market, including market size and trends, product mix, Applications, and supplier analysis. The global Power Strip Market was valued at USD 12.5 billion in 2024 and is expected to grow at a CAGR of over 5.98% from 2025 to 2034. The growing need for power management solutions across residential, commercial, and industrial sectors is fueling market growth. Rising adoption of smart home devices, workplace digitization, and expanding infrastructure are increasing demand for advanced power strips. Enhanced surge protection and energy-efficient designs further support this trend, safeguarding valuable equipment from voltage fluctuations. Smart power strips with features like voice control, energy monitoring, and remote operation are becoming popular. Urbanization, industrialization, and higher disposable incomes in developing regions are boosting electronic device usage. Companies are innovating to meet consumer needs, offering compatibility with virtual assistants such as Alexa and Google Assistant.

By Type:

Common power strips lead the market due to their affordability, ease of use, and compatibility with a wide range of electronic devices across residential, commercial, and industrial settings. Their popularity is driven by the growing dependence on gadgets, creating a need for multiple outlets in homes and workplaces. Availability in various configurations and built-in safety features, such as surge protection, further enhances their adoption. Meanwhile, smart power strips are gaining traction, fueled by home automation, IoT integration, and energy-efficient demands. Features like remote control, voice assistant compatibility, and energy monitoring appeal to consumers seeking advanced functionality.

By Protection Type:

Surge protection has been a leading segment in the power strip market, driven by the need to protect electronic devices from voltage spikes caused by lightning, electrical faults, or circuit interruptions. These surges can result in equipment damage, data loss, and operational disruptions, making protection essential across residential, commercial, and industrial settings. Technological advancements have improved surge protection, with enhanced energy ratings and integrated circuit breakers increasing reliability. Power strips equipped with advanced surge protection guard against short circuits, overloads, and power fluctuations, ensuring device safety and uninterrupted operation, which continues to drive market growth and consumer adoption.

By Application:

The commercial sector led the power strip market, driven by extensive use in offices, data centers, retail spaces, and industrial facilities. Commercial-grade power strips are built for demanding environments, offering surge protection, temperature resistance, and durability. Products with specialty outlets like USB and modem ports support diverse electronic devices in corporate settings. Integration of energy management and safety features has increased, while manufacturers ensure compliance with standards such as UL, ETL, and CSA. For example, Falconer Electronics offers steel-fabricated commercial power strips for enhanced protection and reliability.

Regional Insights:

North America led the global power strip market, driven by widespread adoption of electronic devices across residential, commercial, and industrial sectors. The growing need for energy-efficient power distribution and reliance on surge-protected and smart power strips to safeguard equipment from voltage fluctuations have fueled market growth. Strict safety regulations and compliance standards have prompted manufacturers to develop advanced products with enhanced protection features. Additionally, the presence of key industry players and increased investment in smart home technologies and workplace automation continue to support the region's market expansion.

Market Competitive Landscape:

The Power Strip Market is highly consolidated. Some of the market key players are ABB, Belkin, Cyber Power Systems, Inc., Delixi Electric, Falconer Electronics, General Electric Company, Koninglijke Philips N.V., Legrand, Panasonic Corporation, and Schneider Electric.

Recent Developments:

In June 2024, Belkin introduced its newest surge protector series in Australia, offering models with up to 1,800 joules of surge protection and dual USB-C Power Delivery ports delivering up to 30W of shared power. These surge protectors also include a connected equipment warranty, providing added safety and protection for electronic devices.

In October 2024, Schneider Electric launched the Schneider OffGrid, a portable power station tailored for outdoor and emergency applications. The device supports solar panel charging for greater sustainability and offers multiple charging options, including USB-A, USB-C, AC sockets, DC ports, and wireless charging. Made from 60% post-consumer recycled plastic, it features an eco-mode auto-shutdown function to optimize energy usage and enhance efficiency.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Type, By Protection, By Application

Regions covered North America, Latin America, Asia-Pacific, Europe, Middle East & Africa

Companies Covered ABB, Belkin, Cyber Power Systems, Inc., Delixi Electric, Falconer Electronics, General Electric Company, Koninglijke Philips N.V., Legrand, Panasonic Corporation, and Schneider Electric.

Key Topics Covered in the Report

Global Power Strip Market Size (FY'2021-FY'2034)

Overview of Global Power Strip Market

Segmentation of Global Power Strip Market By Type (Smart Power Strip, Common Power Strip, Specialized Power Strip)

Segmentation of Global Power Strip Market By Protection Type (Surge Protection, Fuse-based Protection, Others)

Segmentation of Global Power Strip Market By Application (Household, Commercial, Industrial)

Statistical Snap of Global Power Strip Market

Expansion Analysis of Global Power Strip Market

Problems and Obstacles in Global Power Strip Market

Competitive Landscape in the Global Power Strip Market

Details on Current Investment in Global Power Strip Market

Competitive Analysis of Global Power Strip Market

Prominent Players in the Global Power Strip Market

SWOT Analysis of Global Power Strip Market

Global Power Strip Market Future Outlook and Projections (FY'2025-FY'2034)

Recommendations from Analyst