Global USB Smart Power Strips Market by Type (Standard, Portable), By Application (Household, Commercial, Industrial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The global USB Smart Power Strips market was worth USD xx.xx million in 2017 and is expected to reach a value of USD xx.xx by 2028, growing at a CAGR of xx% during the forecast period from 2021-2028. In this report, we cover the present scenario and growth prospects for the Global USB Smart Power Strips Market with a focus on 2018-2022. We have considered factors such as company profiles, product type & segments (Standard vs Portable), end-use industry (Household vs Commercial vs Industrial), and region-wise distribution across North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

USB power strips are a type of electrical circuit that allows you to connect several USB-powered devices together and plug them into one outlet. What makes these power strips different from standard ones in that they allow for more than the two plugs found on most outlets, meaning you can charge up to four items at once. The USB power strip allows for standard AC voltage to be converted into low DC voltage, and comes in two types: portable or fixed. Power strips can make it easier to charge a number of devices at once without the need for having several wall outlets in one area. For example, plugging laptop computers and phone chargers on opposite sides will avoid all of these adapters from competing with each other while plugged into the same outlet. If one uses an adapter like Apple's Lightning Car Charger that plugs into both ports simultaneously then there will still be enough power available even if only one device is charging at a time. This type of set-up also helps reduce confusion when keeping cords neat and organized as they are all located in the same place.

On the basis of type, the global USB Smart Power Strips market is segmented into standard and portable.

Standard

The standard type of USB Smart Power Strips are plugged into a wall socket and can be used individually or at the same time with other devices. The standard power strip is usually made up of two rows (three sockets) that add an additional 15A for each row. This means, if all three sockets on either side are in use then it would have 45 A straight out through the cord to your outlet.

Portable

A portable USB Smart Power Strips is a power strip that can be carried around, either unplugged or plugged in. This type of device helps reduce the number of chargers and adapters for people who travel often. The main advantage to this style of power strips is that they can work anywhere with an adapter plugging into the wall outlet as long as there's enough electricity available. For example, travelers don't have to worry about losing access to their laptops due to a lack of power outlets when staying at hotels because it has plenty on board for charging devices such as smartphones, tablets, laptop computers, and cameras.

On the basis of application, the global USB Smart Power Strips market is segmented into household, commercial and industrial.

Household

The household application of USB Smart Power Strips is to provide power for home electronics. Households are usually characterized by more devices being plugged into one socket. This is because the USB Smart Power Strips in this category can also be used for powering up televisions, microwaves, and other small appliances that consume a lot of power as well as providing uninterrupted charging for all types of smartphones, laptops, or tablets when there's limited access to an electrical outlet.

Commercial

The commercial application of USB Smart Power Strips is to provide power for the office and public areas. They are mostly used in hospitals, universities, museums, etc., where many portable devices need a reliable source of electricity. These products can be installed on walls or floors to enable installation anywhere without occupying space from other equipment or furniture.

Industrial

Industrial applications can vary, but the most common use of USB power strips is to supply power to tools that require a large voltage input. This may include industrial welders and grinders or even arc-welding machines used in construction. Other types of equipment powered by USB Power Strips might be diagnostic devices such as oscilloscopes, signal generators, and multimeters. Another example would be if an electrician needs to measure current on a wire without cutting it open - they could simply take out their meter from its case and plug it into one end of the adapter cable for high amperage inputs up to 20 amps at 120 volts AC/DC input with six outlets on either side (six Outlets [60A] Input: 120V, 60-cycle AC).

On the basis of region, the global USB Smart Power Strips market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The USB Smart Power Strips market in North America is the largest across all the regions owing to an increase in demand for various appliances and electric equipment with increased use of internet connectivity which drives innovation amongst players.

In terms of country, the USB Smart Power Strips market in the United States is largest owing to a rise in demand for various appliances and electric equipment with increased use of internet connectivity which drives innovation amongst players.

Growth Factors

The USB Smart Power Strips market has been witnessing high growth in the last few years. The trend is expected to continue over the forecast period due to increasing demand for energy-efficient, cost-effective, and eco-friendly power sources. Moreover, the growing adoption of advanced technologies such as automation and IoT among various industries including healthcare, transportation & logistics, and the automotive sector, will fuel a surge in global demand for smart power strips.

Growth opportunities are high as technological development provides new ways to minimize wastage of energy while providing improved efficiency. Manufacturers are also focusing on innovations such as customization features for specific setups like home automation or data storage center that can help reduce the cost per watt.

Up Market Research published a new report titled “USB Smart Power Strips Market research report which is segmented by Types (Standard, Portable), By Applications (Household, Commercial, Industrial), By Players/Companies APC, TP-Link(Kasa Smart), Teckin, Poweradd, Tessan, Powrui, Ntonpower, Mibote, Lasco, Mylumii, Fujitsu, TrickleStar, Lexsong, ConnectSense, Revogi, Acme, Lanberg, LeFun, Huntkey, Orico, Shenzhen Posher Electric”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global USB Smart Power Strips Market Report Segments:

The market is segmented by Type Standard, Portable and By Application Household, Commercial, Industrial.

Some of the companies that are profiled in this report are:

1. APC
2. TP-Link(Kasa Smart)
3. Teckin
4. Poweradd
5. Tessan
6. Powrui
7. Ntonpower
8. Mibote
9. Lasco
10. Mylumii
11. Fujitsu
12. TrickleStar
13. Lexsong
14. ConnectSense
15. Revogi
16. Acme
17. Lanberg
18. LeFun
19. Huntkey
20. Orico
21. Shenzhen Posher Electric

USB Smart Power Strips Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the USB Smart Power Strips Market

Overview of the regional outlook of the USB Smart Power Strips Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The USB Smart Power Strips Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of USB Smart Power Strips Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Standard

                2. Portable

                1. Household

                2. Commercial

                3. Industrial

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the USB Smart Power Strips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the USB Smart Power Strips Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.