AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Power Strip market - Global outlook to 2024".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Power Strip market.

The Technology, such as Ordinary Series [Home office, is boosting the Power Strip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Distribution Channel, such as E-Commerce, is boosting the Power Strip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to AMA research team, the Global Power Strip market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Growing demand for power distribution units and Continuous growth in the number of smart connected devices”.
 

A power strip is also known as a plugboard, extension block, power bar, power board, pivot plug, multiple outlets, multiple sockets, polysocket, and many other variations. It is a block of electrical sockets which attaches to the end of the flexible cable (basically with a mains plug on the other end), allows multiple electrical devices to be powered from the single electrical socket. Power strips are also been used when many electrical devices are in proximity, such as for computer systems, audio, video, appliances, lighting, and power tools.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Power Strip market by Type (Drive Power Strips, Control Power Strips and Other), by Application (Household and Commercial) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market

Have a look at complete Table of Content: https://www.advancemarketanalytics.com/reports/89180-global-power-strip-market