Scope of the Study
The power cord is an electrical cable which temporarily attaches an appliance to the mains electricity supply. The power cord is also known as mains cable or line cord. The extension cord is defined as the longest power cords which are mostly used to supply electrical energy in order to portable electrical equipment and it is widely used in speakers, television set, DVD player and other gadgets. Increasing adoption of power cords & extension cords in several application segments such as household appliances, computers and consumer electronics medical devices and others are likely to be a prime driver for the global power cords & extension cords market.
The market study is being classified by Type (AC Power Cord, Extension Cord, DC Power Cord and Others), by Application (Home Appliance, Industrial Equipment, Consumer Electronics, Instrumentation, Computer and Other) and major geographies with country level break-up.
Volex Group (United Kingdom), Longwell (China), Electri-Cord (United States), Feller (United States), Quail Electronics (United States), HL TECHNOLOGY (Switzerland), Hongchang Electronics (China), Americord (United States), Prime Wire & Cable (United States) and I-SHENG (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Queenpuo (China), Ningbo Yunhuan Electronics Group Co Ltd (China), Coleman Cable (United States) and StayOnline (United States).
The market is fragmented with numerous players focusing on technique and quality of the product owing to which the global power cords & extension cords market can witness an upsurge in the forecast period. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Power Cords & Extension Cords market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Power Cords & Extension Cords market by Type, Application and Region.
On the basis of geography, the market of Power Cords & Extension Cords 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Electricity Power from all Over the World
- Growing Adoption of Power Cords & Extension Cords in Various Application
- Increasing Usage of Power Cords & Extension Cords in Wind Capacity Installation
Market Trend
- Highly Development of Smart Grid Technology in order to Detect and react to Local Changes in Usage
Restraints
- Stringent and Safety Regulation Regarding Power Cords & Extension Cords
Opportunities
- Rising demand from emerging economics such as India, China, and others
- Government Initiatives to Expand the Power Distribution Worldwide
Challenges
- Fluctuation of Copper Price will affect the Cost and Price of the Power Cords Product
In February 2016, the Ta Hsing Electric Wire & Cable Co. (China) Company had launched Triple Tap Locking Power Cord, which contains individually locking connectors. In additions, it also provides the versatility of the triple tap with the mechanical locking mechanism and patented. Hence, it will benefit the increased product portfolio of the company.
In December 2017, according to the Texas Department of Insurance (United States), workers must be aware of safety “do’s” and “don’ts” before plugging in a cord.
Key Target Audience
Manufacturers of Power Cords & Extension Cords, Suppliers of Power Cords & Extension Cords, Wholesalers, Distributors and Retailers of Power Cords & Extension Cords, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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