Power Strip Market Size Is Expected To Reach USD 15.7 Billion By 2028
San Francisco, 17 Sep 2021: The Report Power Strip Market Size, Share & Trends Analysis Report By Type, By Protection (Surge Protection, Fuse-based Protection), By Application (Household, Commercial, Industrial), By Region, And Segment Forecasts, 2021 - 2028 The global power strip market size is expected to reach USD 15.7 billion by 2028, expanding at a CAGR of 5.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. With the rise in disposable income, there has been a surge in the demand for electrical equipment with advanced technology, which is the major factor driving the market growth. The need for power quality protection equipment is becoming essential as the use of electronic equipment is increasing in the residential sector, corporations, and manufacturing facilities. The need for power protectors for individual equipment as well as the entire facility is increasing as surges and transient voltages impact profit...