In 2014, the global power strips / surge protectors market size reached about 4.4 billion dollars, however, as demand grows rapidly, the number doubled to 8.8 billion dollars in 2018. In recent years, the emergence of USB power strips and smart power strips have promoted the development of power strips to the direction of smart applications, bringing huge challenges and higher demands to manufacturers. But at the same time, it also presents higher profit margins. Smart power strips have rapidly occupied the power strips market share. In 2018, the global sales volume of smart power strips reached 880 million dollars, which accounted for 9% in the whole power strips market and showed an upward trend as well. the demand for the global power strips market will grow by more than 15% a year as the global economy grows. In 2015, Cixi Bull Electric Appliance Co., Ltd. power strips business had a turnover of 410 million dollars, while in 2018, its turnover soared to 730 million dollars, which accounted for over 60% of power strips market share in China. With the rapid economic growth of some developing countries and less developed countries, there will be huge business opportunities in the global power strips business. At this stage, the growth rate of strips demand is relatively low in developed countries. But it shows a steeper upward trend in developing countries with the economic boom.For example, China, India, Russia, Brazil and South Africa are the typical countries with extremely high growth rate of power strips demand, especially in India, it has a $0.88 billion to $1.17 billion power strips market whose demand grows very fast. As far as we know, however, there are few well-known power strips brands in India, hence it is proper for word-of-mouth advertising to gain the market share. In the future, China's power strips market demand will exceed 2.21 billion dollars, which will soon become the country with the largest sales of power strips. however, as China's economic development has entered a transition period, it begins to pay more attention to the quality, efficiency and sustainable development, but it also leads to further increase the production costs and decline in the gross profit rate. therefore, Chinese companies should accelerate the investment of innovation factors and produce high-quality, low-loss products so that they can gain a large share in this huge market. In other underdeveloped regions, some low-end products should be produced. Winning by volume and small profits but quick returns methods will be helpful to occupy a large market share and to prepare for the occupation of the market in the underdeveloped regions.
the “2019 Global and China Intensive Market Research Report” is a professional and comprehensive in-depth research report. It not only describes the distribution of global and Chinese power strips market demand and the proportion of various specifications, it also investigated the production status of the products of the strips manufacturers in various countries and the market share of well-known brands in various countries, and forecasted the development of the market 2019-2025. Nevertheless, in-depth investigations have been conducted on various series of power strips of manufacturers to present the latest status of global power strips production. Statistical analysis was also carried out on the raw materials of the power strips, and the solution to the problem of the decline in gross profit margin caused by the rise in raw material prices was given. Deep research was conducted to find the product preferences of consumers, the main force of consumption of the market, the main consumer channels, the consuming experiences, and the consumer behavior in the market. Finally, a large number of statistical analyses were carried out on typical enterprises in manufacturing power strips, pain points encountered by enterprises were found, and solutions were proposed for the investment decision-making process. Thanks to the support of many first-line engineers, technicians and senior experts in the field of power strips work during the operation of this research project.
The following top players covered in this report:
Zhejiang Zhengtai Electric Appliance
Wuhan Edmond Technology
Taili Industrial
Simon Electric
Siemens
Shenzhen Yuanchuang Times Technology
Shenzhen Mani Electrical Industrial
Shanghai Feike Electric Appliance
Schneider Electric
Schneider Electric
Roger Lang Management
Right-Hand Group
Right-Hand Group
PHILIPS
Pepsico
People Electric Appliance Group
Panasonic
Opm Lighting
Ningbo Liang Gong Electric Appliance
Ningbo Kingman Electronic Technology
Ningbo Han Dian Electric Appliance
Ningbo Colleague Electric Appliance
Ningbo Boxing King Electric Appliance
Nice Electric (Jiaxing)
Nanjing Haimo Electric Appliance Manufacturing
Midea
Leviton
Jiangxi Tongwei Technology
Jiangsu Tongling Technology
Intman Electrician
Hunan Haoyi Electric Appliance
Hangzhou Xinwanli Electronics
Hangzhou Hongyan Electric Appliance
Guangdong Pinsheng Electronics
Guangdong Futian Electric Appliance
GE
Feidiao Electric Appliance Group
Draper International Limited
Cyberpower
Cixi Qingfeng Electronics
Cixi Bull Electric
Belkin Corporation
Beijing Zhongke Kelaibo Electronic Technology
Beijing Shengcheng Datang Technology
Beijing Qihu Technology
Beijing Breakthrough Electric Appliance
ABB
Key producers covered in this report:
US
China
India
Japan
Germany
France
Summary:
Get latest Market Research Reports on In-Depth Research Report on and Chinese Power Strip Industry In 2019. Industry analysis & Market Report on In-Depth Research Report on and Chinese Power Strip Industry In 2019 is a syndicated market report, published as In-Depth Research Report on Global and Chinese Power Strip Industry In 2019. It is complete Research Study and Industry Analysis of In-Depth Research Report on and Chinese Power Strip Industry In 2019 market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.