The global demand for Extension Board Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of XX% under the study period 2023 - 2030.
An extension board is an electric utility device used to connect several electric and electronic devices simultaneously. It consists of many sockets, a long wire, and an LED indicator and is made fire, temperature, and chemical resistant. The extension board is generally fabricated to protect the connected devices from over-voltage, over-current, overload, electrical surges, and short circuits. Devices like laptops, speakers, desktops, TV, and sound systems are connected to an extension board. An extension board is not supposed to be overloaded as every board has a maximum amperage rating or a limit of electrical current it can safely conduct. These boards are generally child-safe and can be used outdoors.
Market Dynamics
The rising use of multiple electric appliances in modern households will be the primary stimulant for the extension board market. The greater functionality and mobility offered by these extension cords will expand the growth of this market in commercial facilities like offices, malls, etc. The facility to connect many devices at once and get many activities done simultaneously will benefit the growth of this market among millennials. The extensive adoption of online shopping by the urban community will further propel market growth. Availability of extension boards with energy-saving features that can switch off the board if the connected appliances go into standby mode and Wi-Fi capabilities will be a market booster. The stringent government regulations regarding the safety standards of these cords will hurt market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of extension board. The growth and trends of extension board industry provide a holistic approach to this study.
Market Segmentation
This section of the extension board market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Standard Extension Boards
- Portable Extension Boards
By Application
- Household
- Commercial
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Extension Board market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Extension Board Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the extension board market include Havells, Bull Electric, Panasonic, ABB, Anker, Cyber​​Power, TrickleStar, RONA, Xiaomi, Schneider, Belkin, Panamax, Tripp Lite, Legrand, PHILIPS. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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