Global Power Cords And Extension Cords
Market Report
2024
The Global Power Cords & Extension Cords Market size was USD 2.6 billion in 2023 and will expand at a CAGR of 5.50% from 2023 to 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Power Cords & Extension Cords Market size will be USD 2.6 billion in 2023 and will expand at a CAGR of 5.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Power Cords And Extension Cords Market Sales Revenue 2023 | $ 2.6 Billion |
Global Power Cords And Extension Cords Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
North America Power Cords And Extension Cords Market Sales Revenue 2023 | $ 0.78 Billion |
Europe Power Cords And Extension Cords Market Sales Revenue 2023 | $ 0.68 Billion |
South America Power Cords And Extension Cords Market Sales Revenue 2023 | $ 0.13 Billion |
Middle East and Africa Power Cords And Extension Cords Market Sales Revenue 2023 | $ 0.08 Billion |
Asia Pacific Power Cords And Extension Cords Market Sales Revenue 2023 | $ 0.94 Billion |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Power Cords And Extension Cords Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The power cords and extension cords market is experiencing growth due to several factors. The increasing demand for electronic devices and appliances in both residential and commercial sectors has boosted the need for power cords and extensions. Additionally, technological advancements have led to more specialized and high-quality cords. Furthermore, the growing awareness of electrical safety and the need for reliable power distribution contribute to the market's expansion. The construction and infrastructure development sectors are driving demand for extension cords for temporary power supply needs.
In May 2023, LS Cable & System has recently announced the successful establishment of an HVDC (High-Voltage Direct Current) submarine cable factory located in Donghae, Gangwon Province. Remarkably, this factory holds the distinction of being the sole HVDC submarine cable production facility in South Korea.
The increasing adoption of electronic devices is a significant driver of the Power Cords and Extension Cords market. As consumers and businesses embrace a wide array of electronic gadgets, appliances, and IT equipment, the demand for power cords and extension cords has surged. Each device requires a specific power source and connector type, necessitating a variety of cords to accommodate different needs. This diversification in devices, coupled with the need for reliable and safe power connectivity, has driven the market's growth. Additionally, ongoing technological advancements in cord design and materials cater to the evolving requirements of these electronic devices, further boosting demand.
In May 2023, LibanCables, a subsidiary of Nexans, unveiled the expansion of its 600kW peak solar power system at its Nahr Ibrahim industrial site, doubling the peak power output to a total of 1.2 MW. This expansion also introduced a pioneering 500kW containerized battery solution to enhance energy storage capabilities.
The Power Cords & Extension Cords Market is significantly driven by increasing technological advancements. Ongoing research and development efforts have led to the formulation of more efficient, eco-friendly, and specialized lubricants for wire drawing processes. These advanced lubricants offer reduced friction, improved heat dissipation, and enhanced wire surface quality. Industries are increasingly adopting these cutting-edge lubricants to optimize their wire drawing operations, resulting in higher productivity and reduced environmental impact. As technological innovations continue to provide superior lubricant options the demand for such products rises, propelling the growth of the Power Cords & Extension Cords Market.
In July 2022, a United States-based communications infrastructure provider introduced the Zeus subsea route, establishing a high-speed connection between the United Kingdom and continental Europe. This initiative was driven by the increased demand from cloud service providers seeking faster internet connections. It's worth noting that undersea cables play a pivotal role in transmitting the vast majority of global internet data traffic.
Source-www.zayo.com/wp-content/uploads/2022/08/Zeus-Subsea-Route-Overview.pdf
The proliferation of counterfeit products poses a significant challenge to the Power Cords and Extension Cords market. Counterfeit cords often lack the safety features and quality standards of genuine products, putting consumers and businesses at risk of electrical hazards, fires, and equipment damage. The presence of counterfeit goods can erode trust in reputable brands and lead to a loss of market share. Manufacturers must invest in anti-counterfeiting measures, such as holograms and unique serial numbers, increasing operational costs. Furthermore, identifying and addressing counterfeit products in the market is an ongoing struggle, requiring resources and vigilance to maintain product safety and consumer confidence
The COVID-19 had a mixed impact on the power cords and extension cords market. Initially, the market experienced disruptions in the supply chain due to factory closures and transportation restrictions. This led to temporary shortages and price fluctuations. However, as people adapted to remote work and spent more time at home, the demand for electronic devices and home appliances increased, driving up the need for power cords and extensions. The surge in home improvement projects during lockdowns further boosted the market. Overall, while the pandemic posed challenges, it ultimately contributed to the market's growth as it adapted to changing consumer behaviors and needs.
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Power Cords & Extension Cords market features a highly competitive landscape with several key players vying for market share. Prominent companies include Legrand, Leviton Manufacturing Co., Inc., Eaton Corporation, Schneider Electric, ABB Group, and NKT A/S. These companies offer a wide range of power cords and extensions catering to various applications and industries. The market also sees the presence of numerous regional and local manufacturers, contributing to fierce competition, innovation, and the continuous development of technologically advanced and compliant products.
In May 2023, MaxLinear, Inc., a company specializing in hyper-scale data center connectivity solutions, collaborated with JPC Connection to produce active power cord cables that incorporate MaxLinear's 5nm Keystone PAM4 DSP.
Source-www.maxlinear.com/news/press-releases/2023/maxlinear-partners-with-jpc-connectivity-to-build
Top Companies Market Share in Power Cords And Extension Cords Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 36% of the global revenue. The Asia Pacific region has captured the largest market share in the Power Cords & Extension Cords market for several key reasons. Firstly, the region's robust industrial and manufacturing activities, particularly in countries like China, India, and South Korea, have increased the demand for power cords and extension cords in factories and production units. Additionally, the significant population growth, urbanization, and rising disposable incomes have propelled the demand for household appliances, further fueling the need for these cords. Moreover, the region's strong electronics manufacturing sector and the presence of several key market players contribute to its dominance in the global market.
North America is experiencing the highest Compound Annual Growth Rate (CAGR) in the Power Cords & Extension Cords market due to several factors. Firstly, the region's focus on technological innovation and stringent safety regulations drives the demand for advanced, compliant power cords. The expanding market for electric vehicles, smart homes, and IoT devices fuels the need for specialized cords. The increasing adoption of renewable energy sources and infrastructure development projects contribute to growth. Furthermore, a rising awareness of energy efficiency and sustainable solutions aligns with the demand for modern power cords, leading to a higher CAGR in North America's market.
The current report Scope analyzes Power Cords And Extension Cords Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, North America held the major market share in 2023 and accounted for more than 30% of the global revenue. North America captured a market of 0.78 billion in 2023. North America is experiencing growth in the Power Cords & Extension Cords market for several reasons. Firstly, the region's focus on technological innovation and stringent safety regulations drives the demand for advanced, compliant power cords. The increasing adoption of electric vehicles, smart homes, IoT devices, and data centers fuels the need for specialized cords. The region's expanding construction and infrastructure development projects, as well as a growing emphasis on renewable energy sources, contribute to market growth. Furthermore, a rising awareness of energy efficiency and sustainable solutions aligns with the demand for modern power cords. PVC and Rubber types are growing in North America primarily due to their versatility and reliability. PVC cords are cost-effective, flexible, and durable, making them suitable for various applications, from household appliances to industrial machinery. Rubber cords, on the other hand, are resilient in harsh environmental conditions, such as outdoor use and industrial settings.
According to Cognitive Market Research, the Europe Power Cords & Extension Cords market accounted for approximately 26% of the global revenue. Europe captured a market of 0.68 billion in 2023. Europe is experiencing growth in the Power Cords & Extension Cords market due to several key factors. The region's emphasis on energy efficiency, safety standards, and sustainability aligns with the demand for modern power cords. Europe's robust manufacturing sector and expanding renewable energy projects drive the need for reliable and specialized cords. Additionally, the growth in the construction and infrastructure sectors contributes to the market's expansion, especially in applications like temporary power supply for construction sites. PVC and Rubber types are growing in Europe because of their adaptability and compliance with stringent safety regulations. PVC cords are cost-effective, flexible, and durable, making them suitable for various applications. Rubber cords excel in harsh environmental conditions, making them ideal for outdoor and industrial use.
According to Cognitive Market Research, South America accounted for more than 5% of the global Power Cords & Extension Cords revenue in 2023. Latin America captured a market of 0.13 billion in 2023. Latin America is experiencing growth in the Power Cords & Extension Cords market due to several key factors. The region's expanding infrastructure projects, rapid urbanization, and increasing access to electricity have driven demand for power cords and extension cords. As more households and businesses embrace electronic devices, appliances, and industrial equipment, the need for these cords has surged. Additionally, the construction and manufacturing sectors in Latin America contribute to a growing requirement for reliable power distribution solutions, including extension cords. PVC and Rubber types are growing in Latin America due to their affordability and durability. PVC cords are cost-effective and flexible, making them suitable for various applications. Rubber cords' resilience to challenging environmental conditions is essential for outdoor and industrial uses in the region.
According to Cognitive Market Research, the Middle East and Africa accounted for more than 3% of the global revenue. Middle East and Africa captured a market of 0.08 billion in 2023. The Middle East and Africa (MEA) region is growing in the Power Cords & Extension Cords market due to several factors. MEA is experiencing rapid infrastructure development, urbanization, and industrial expansion, which drives the demand for power cords and extension cords. As the region continues to modernize, the need for reliable electrical connectivity increases, from construction sites to household applications. The proliferation of electronic devices and the growth of the energy sector also contribute to this market's expansion. PVC and Rubber cord types are growing in the MEA region due to their durability and adaptability to the region's harsh environmental conditions. PVC cords are cost-effective and flexible, making them suitable for various applications, while Rubber cords excel in outdoor and industrial environments.
According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 36% of the global revenue. Asia Pacific captured a market of 0.94 billion in 2023. The Asia Pacific region is growing in the Power Cords & Extension Cords market due to several key factors. The region's robust industrial and manufacturing activities, particularly in countries like China and India, have increased the demand for power cords and extension cords in factories and production units. Additionally, the significant population growth, urbanization, and rising disposable incomes have propelled the demand for household appliances, further fueling the need for these cords. Moreover, the region's strong electronics manufacturing sector and the presence of several key market players contribute to its dominance in the global market. PVC and Rubber types are growing in the Asia Pacific region because of their adaptability to a wide range of applications. PVC cords are cost-effective, flexible, and durable, making them suitable for various household and industrial uses, which are prevalent in this region. Rubber cords excel in withstanding adverse environmental conditions, which is essential in many outdoor and industrial applications.
Global Power Cords And Extension Cords Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Power Cords And Extension Cords Industry growth. Power Cords And Extension Cords market has been segmented with the help of its Type, Application , and others. Power Cords And Extension Cords market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Power Cords And Extension Cords Market is witnessing significant growth in the near future.
In 2023, the PVC & Rubber segment accounted for noticeable share of global Power Cords And Extension Cords Market and is projected to experience significant growth in the near future.
The Household Appliances segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Legrand , Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | PVC & Rubber, Halogen-free |
Application | Household Appliances, Computers and Consumer Electronics, Medical Devices, Other Industrial Products |
List of Competitors | Legrand, Leviton Manufacturing Co., Inc., Eaton Corporation, Schneider Electric, ABB Group, NKT A/S, Emerson Electric Co., Prysmian Group, Hubbell Incorporated, Lapp Group, Quail Electronics, Inc., Volex PLC, Americord, Longwell Company, Volex, Cords 'N' Cables, Interpower Corporation, Molex, Tripp Lite, Qualtek |
This chapter will help you gain GLOBAL Market Analysis of Power Cords And Extension Cords. Further deep in this chapter, you will be able to review Global Power Cords And Extension Cords Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Power Cords And Extension Cords Market Trends North America Power Cords And Extension Cords Technological Road Map North America Power Cords And Extension Cords Market Drivers North America Power Cords And Extension Cords Market Restraints North America Power Cords And Extension Cords Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Power Cords And Extension Cords market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why PVC & Rubber have a significant impact on Power Cords And Extension Cords market? |
What are the key factors affecting the PVC & Rubber and Halogen-free of Power Cords And Extension Cords Market? |
What is the CAGR/Growth Rate of Household Appliances during the forecast period? |
By type, which segment accounted for largest share of the global Power Cords And Extension Cords Market? |
Which region is expected to dominate the global Power Cords And Extension Cords Market within the forecast period? |
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