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.
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Regions Covered in the Global Power Strip Market:
- The Middle East and Africa (GCC Countries and Egypt)
- North America (the United States, Mexico, and Canada)
- South America (Brazil etc.)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
The scope of the Report:
The research report on Power Strip includes segmentation of the market. The global Power Strip market is segmented on the basis of application, services, end users, and region. Each segment includes a detailed explanation of the factors that are likely to drive and restrain it. In addition, the research report also provides an assessment of the emerging trends in the global market that will benefit each segment during the forecast years.
Analysts have also studied the competitive landscape present in the global Power Strip market. The chapter on company profiles includes an analysis of the key players operating in the global Power Strip market. It provides vital information about the strategic initiatives about the companies in the market and their outlook for the forecast years.
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Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Power Strip market
Chapter 2: Evaluating the leading manufacturers of the global Power Strip market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting global Power Strip market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
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