by The global power strip market size was valued at USD 12.69 billion in 2024 and is expected to cross around USD 22.30 billion by 2034, growing at a CAGR of 5.80% from 2025 to 2034.
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Power Strip Market Key Points
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North America led the global power strips market with a 35% share in 2024.
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Asia Pacific is anticipated to grow at a CAGR of 7.3% during the forecast timeline.
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The common power strips segment held the largest share, capturing 58% of the market in 2024.
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Smart power strips are set to witness remarkable growth, expanding at a CAGR of 6.3% during the forecast period.
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Surge protection dominated the market among protection types in 2024.
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The fuse-based protection segment is expected to experience notable expansion over the coming years.
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The commercial sector held the highest market share of 53% in 2024.
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The household sector is likely to expand at a significant pace in the foreseeable future.
Impact of AI on the Power Strip Market
Enhancing Smart Power Strips with AI
AI is revolutionizing the power strip market by enabling smarter and more efficient energy management. AI-powered smart power strips can monitor electricity consumption in real time, identify energy-hungry devices, and automatically turn off unused appliances to prevent energy wastage. These AI-driven features help households and businesses reduce electricity costs while promoting sustainability. Additionally, AI-integrated power strips can learn user behavior, optimizing power distribution based on usage patterns and providing predictive maintenance to prevent overheating or electrical failures.
Improving Safety and Automation
AI is significantly enhancing the safety features of power strips by detecting electrical faults, voltage fluctuations, and potential fire hazards. Advanced AI-powered surge protectors can respond to sudden power surges instantly, minimizing the risk of damage to connected devices. Moreover, AI-driven automation allows users to remotely control and schedule power strip functions via mobile applications or voice assistants, improving convenience and security. In commercial and industrial settings, AI-enabled power strips support IoT integration, ensuring seamless energy management for large-scale operations while reducing operational costs.
Market Overview
The power strip market has transitioned from basic extension cords to advanced, multi-functional devices capable of managing power distribution efficiently. With the growing demand for energy-efficient and technologically advanced power solutions, smart power strips with AI-driven capabilities are becoming more prevalent in households, offices, and industries.
Market Scope
| Report Coverage | Details |
| Market Size By 2034 | USD 22.30 Billion |
| Market Size in 2025 | USD 13.43 Billion |
| Market Size in 2024 | USD 12.69 Billion |
| Market Growth Rate from 2025 to 2034 | CAGR of 5.80% |
| Dominated Region | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Type, Protection , Application and Regions. |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Market Dynamics
Market Drivers
The market is being driven by the rising dependency on electronic devices, the increasing number of home offices, and the expansion of IT infrastructure globally. The need for reliable surge protection, energy monitoring, and remote accessibility is pushing consumers toward adopting intelligent power strips. Furthermore, advancements in wireless communication technologies have enabled seamless integration of power strips with home automation systems.
Market Opportunities
The increasing penetration of IoT and AI in consumer electronics presents immense opportunities for the power strip market. AI-enabled power strips can analyze usage patterns and optimize energy consumption, making them valuable for residential and commercial applications. Additionally, the growing demand for green energy solutions is encouraging the development of eco-friendly power strips with energy-saving features.
Market Challenges
Counterfeit products and low consumer awareness about the benefits of smart power strips remain major challenges. Moreover, compatibility issues with different plug types and voltage standards in global markets create hurdles for manufacturers. Concerns over data security and cybersecurity threats in IoT-enabled power strips also pose risks to widespread adoption.
Regional Insights
North America continues to dominate the market, owing to high disposable income levels and the early adoption of smart home devices. The Asia-Pacific region is experiencing the fastest growth, driven by increasing consumer spending on smart electronics and home automation systems. Meanwhile, Europe is focusing on sustainable energy solutions, further fueling the demand for energy-efficient power strips.
Power Strip Market Companies
- General Electric Company
- Siemens
- ABB
- Panasonic corporation
- Belkin
- Leviton Manufacturing Co., Inc.
- Schneider Electric
- Legrand
- Koninklijke Philips N.V.,
- Cyber Power Systems, Inc.
- Delixi Electric
- Falconer Electronics
Segments Covered in the Report
By Type
- Smart Power Strip
- Common Power Strip
- Specialized Power Strip
By Protection
- Surge Protection
- Fuse-based Protection
- Others
By Application
- Household
- Commercial
- Industrial
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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