The global power strip market size was valued at USD 12.69 billion in 2024 and is expected to attain 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

• In 2024, North America emerged as the dominant region in the global power strips market with a 35% share.

• Asia Pacific is forecasted to experience a strong CAGR of 7.3% throughout the projection period.

• The common power strips category accounted for the majority market share of 58% in 2024.

• Smart power strips are set to grow at a substantial CAGR of 6.3% during the upcoming years.

• Among protection types, surge protection was the leading segment in 2024.

• Fuse-based protection is anticipated to gain momentum in the forecast period.

• The commercial sector was the top contributor to the market, holding a 53% share in 2024.

• The household application segment is expected to grow at an impressive rate in the coming years.

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 evolved significantly with the emergence of smart technologies. While traditional power strips continue to be widely used, the adoption of AI-integrated and IoT-enabled smart power strips is gaining traction. These devices help consumers manage power usage efficiently, enhance safety, and support automation, making them essential in both residential and commercial applications.

Market Scope

Market Dynamics

Market Drivers

The increasing need for surge protection, coupled with the proliferation of smart homes and offices, is fueling market growth. The rising number of electronic appliances in homes and workplaces has heightened demand for power strips with multiple outlets, USB ports, and remote control functionalities. Additionally, government initiatives promoting energy efficiency have encouraged consumers to shift toward advanced power strips.

Market Opportunities

Manufacturers have significant opportunities to innovate by developing AI-powered power strips that provide real-time power consumption insights and automated energy-saving features. The growing trend of work-from-home setups and smart offices has further increased demand for power strips that support multiple devices while ensuring energy conservation.

Market Challenges

Challenges such as electrical hazards due to poor-quality products, counterfeit brands, and the lack of awareness regarding smart power strip benefits can hinder market expansion. Additionally, variations in electrical standards across different regions require manufacturers to customize their products accordingly, adding to production complexities.

Regional Insights

North America remains a dominant player in the power strip market, primarily due to high awareness and early adoption of smart energy solutions. The Asia-Pacific region is witnessing rapid growth, driven by urbanization, increasing electricity consumption, and the rise of smart home infrastructure. Europe is also a strong market, benefiting from energy efficiency regulations and the demand for smart grid solutions.

Recent Developments

• In March 2025, Anker launched the new USB Power Strip (12-in-1, 20W) for European markets. This tower-shaped model features a combination of AC outlets and USB-C and USB-A ports. It also has a built-in power switch, surge protection, and a range of other safety features.
• In January 2025, Portronics launched two new extension boards, the Power Plate 23 and Power Plate 22, in the Indian market. These power strips offer versatile features for safe and efficiently powering multiple devices simultaneously.
• In December 2024, TESSAN, a global technology leader in power management solutions, unveiled its new product, TESSAN Tower Power Strip, engineered to respond to modern dwelling and work environments’ changing power demands. TESSAN Tower Power Strip combines innovation and safety.

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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