Global Power Extension Cord Market Projected to Reach US$ 6,309.1 Million by 2030

According to a recent market study published by Growth Market Reports, titled, “Global Power Extension Cord Market by gauge type, by applications, by distribution channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 3,729.6 Million in 2021 and is anticipated to grow at a growth rate 6.0% by the year 2030.

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The Power Extension Cord is a length of flexible electrical power cable with a plug on one end and one or more sockets on the other end. Since at 1925, the term power extension cord has been in use. It is also referred to as an extension lead, drop cord,  or power extender. The term is frequently used to describe main extensions, but it can also be used to describe extensions for other kinds of cabling. The extension cords typically have a length of two to thirty feet. although they are made up to 300 feet in length. Extension cords are available in a variety of colors, lengths, thicknesses, and functions. In general, a thicker cord, or lower gauge means more power the appliance requires. Cords for outdoor usage purposes, in wet environments, near oils, or for extended periods of time in the sun should be chosen for this specific condition. Some extension cords also incorporate safety features such as grounded terminals, a polarized plug, and receptacle, a fusible link, a power-on indicator, or even a residual-current device.

The global power extension cord market has been fragmented based on gauge type, applications, distribution channel, and regions. In terms of gauge types, the power extension cord market is bifurcated into 14 Gauge, 16 Gauge, 18 Gauge, and Others. Based on applications, the global power extension cord market is segmented into household appliances, computers and consumer electronics, medical devices, and industrial/commercial. Based on the distribution channel, the global power extension cord market is segmented into online and offline.

The global power extension cord market was slightly impacted by the covid-19, owing to the disruption in the supply chain and limitations in the cross broader transaction. However, the use of power extension cords is likely to rise in residential, commercial, and industrial sectors in the near future.

As per growth market reports industry analyst XX, “The growth of the market can be attributed to the increasing demand for consumer electronics and home appliances, and rising awareness about energy conservation measures.

Key Takeaways from the Study

• Key players operating in the market are Volex plc, Southwire Company, LLC, Longwell,  YFC-BONEAGLE ELECTRIC CO., LTD, Gehr Industry Inc, Yung Li Co., Ltd., Kord King, Havells,  Ningbo, Biaoda Electric Appliance Co., Ltd. These companies are considered as key manufacturers of power extension cords based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.
• Based on Gauge Type, the Global Power Extension Cord Market is segmented into 14 Gauge, 16 Gauge, 18 Gauge, and Others. The 14 Gauge segment is expected to gain a substantial market share in the forecast period. The growing demand for 14 Gauge in the commercial and industrial sectors as it provides more durability allows the electricity to flow freely for longer distances. The 14 Gauge segment is anticipated to grow significantly over the course of the forecast period, due to the widespread usage of 14 Gauge extension cords in home appliances and the rising demand for these goods.
• Based on application, the global power extension cord market is segmented into Household Appliances, Computers and Consumer Electronics, Medical Devices, and Industrial/Commercial. The household appliances segment is expected to gain a substantial market share in the forecast period. The growth of the household appliances segment can be attributed to the growing demand for high-end products such as flat panel TVs, washing machines, and refrigerators in developed economies. The industrial/commercial segment is expected to gain a significant share in the forecast period. Power extension cord consumption would increase during the projection period due to the rising global demand for energy and power.
• Based on Distribution Channel, the Global Power Extension Cord Market is divided into Online and Offline. Availability of favored brands, newest trends, and rare items at affordable prices, with additional discounts encouraging consumers to buy products using online distribution channels. Thus, boosting the segment. A majority of online retailers work with numerous banks, which provide multiple payment options and additional savings when payments are made through an online purchase. As a result, banks and other payment methods have been advertising themselves on these e-commerce websites, which has increased marketing efforts and increased overall sales of the online segment.
• Based on regions, the global power extension cord is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is expected to gain a significant share in the forecast period. Various emerging states within North America are expanding their use of and investment in renewable energy technologies. This strategy has aided them in their emergence as renewable energy leaders. Significant growth in smartphone users and the subsequent expansion of optic-fiber networks are anticipated to increase demand for the market in Europe. Middle East & Africa’s (MEA)’s power extension market is anticipated to register significant gains by the increasing heavy investments toward electrification in the region.

Report Scope

Target Audience

• Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
• Demand Side: Household Appliances, Computers and Consumer Electronics, Medical Devices, and Industrial/Commercial.