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Smart Power Strips Market by Device Type (Indoor, Outdoor), by Distribution (Online, Offline), by Application (Residential, Commercial, Industrial), by North America (United States, Canada, Mexico), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Smart Power Strips Market size was valued at USD 17.6 USD Billion in 2023 and is projected to reach USD 25.43 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Smart power strips are productive involuntary surge protectors that have more features than simple power strip distribution. Most are installed with technology to track and manage consumption, and are fitted with outlets that can be switched on/off with an app or voice. There are normal smart strips that just automate some electrical appliances and enable energy monitoring, there are other types with features such as energy usage reports, schedule control, and over-current protection among others. These power strips can avoid wastage of energy by turning off any device that is not in use and at the same time helps to protect gadgets from fluctuations in voltage. It has its applications in homes as in the home office to control several devices at once and in entertainment systems to simplify power control and enhance efficiency.
Smart Power Strips Trends
Device Type:
Distribution:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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