Market Share of Power Strip Industry
Due to the presence of a large number of global as well as regional market players, the power strip market seems to be highly competitive and fragmented. The level of engagement among the vendors is expected to strengthen in the following years due to the limited product differentiation and the underpricing strategy of regional market players.
- August 2022 - Meross announced that it has revised its four-way HomeKit power strip and released a new and improved version of the same. The device can be integrated into Apple HomeKit, Amazon Alexa, Google Home, and SmartThings via 2.4GHz Wi-Fi.
- September 2021 - Tripp Lite announced offering surge protectors with antimicrobial protection for non-medical environments. Earlier, Tripp Lite's antimicrobial surge protectors product line featured only models designed for healthcare facilities. The plastic housing of these surge protectors has antimicrobial properties that help resist the growth of bacteria, fungi, mold, viruses, and mildew.
Power Strip Market Leaders
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Belkin International, Inc.
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Leviton Manufacturing Co., Inc.
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Panasonic Corporation
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Legrand SA
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Hubbell Incorporated
*Disclaimer: Major Players sorted in no particular order
