About Extension Cable
Extension cords, also known as portable cords that are used for temporary power connections requiring a flexible cord. They are used as a temporary wiring solution and are not intended to be used as a substitute for fixed wiring of a structure. According to the Consumer Product Safety Commission, misused or damaged extension cords cause about 3,300 residential fires each year, killing 50 people and injuring 270 others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The large and major companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Several companies are operating in the market to provide customers with better offers with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players. Analyst at AMA Research estimates that Chinese Players will contribute the maximum growth to Global Extension Cable market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Volex (United Kingdom), Longwell (China), I-SHENG (China), Electri-Cord (United States), HL TECHNOLOGY (Switzerland), Prime Wire and Cable (United States), Feller (United States), Coleman Cable (China), Quail Electronics (United States) and Hongchang Electronics (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Americord (United States), Queenpuo (Taiwan), CEP (United States) and Ningbo Yunhuan Eleitronics Group CO. (China).
Segmentation Overview
AMA Research has segmented the market of Global Extension Cable market by Type (Indoor Extension Cable and Outdoor Extension Cable), Application (Household Appliances, Consumer Electronics, Medical Devices, Industrial Equipment and Others) and Region.
On the basis of geography, the market of Extension Cable has been segmented into 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). If we see Market by Gauges Type, the sub-segment i.e. 18 will boost the Extension Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements and Rapid Product Innovation
Market Growth Drivers:
Rising Demand for Electricity Power from all Over the World and Growing Adoption of Power Cable & Extension Cable in Various Application
Challenges:
Fluctuation of Copper Price affect the Cost and Price of the Extension Cable
Restraints:
Stringent and Safety Regulation Regarding Extension Cords
Opportunities:
Rising Demand from Emerging Economics
Market Leaders and their expansionary development strategies
In June 2023, An online marketplace collaborated with a sustainable cable manufacturer to introduce a line of recycled rubber and bio-based materials extension cables, promoting eco-friendly practices.
In October 2023, Phillips released its "Smart Plug with Extension Cable," combining power extension with remote control and voice activation capabilities for smart home integration.
OSHA is specific in its electrical standards, and they entail every aspect of electrical safety, from equipment to extension cords. OSHA inspectors are strict concerning electrical safety, and OSHA Standard 1910.303(b). OSHA mandates that all extension cords are to be visually inspected before all shifts.
Key Target Audience
Manufacturers of Extension Cable, Suppliers of Extension Cable, Wholesalers, Distributors and Retailers of Extension Cable, Electronic Industry, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.