Extension cords, also known as power extenders or extension leads, are longer power cords that are used to supply electrical energy to portable electrical equipment or appliances located up to hundreds of feet away from a main power sourceEquipment such as construction machinery, sound and lighting equipment, emergency medical defibrillators and electrical power tools are often used in locations without a convenient power source, and extension cords are thus used to supply the current to the equipment. Extension cords are only designed for temporary usage, and not as a means of permanent or long-term power supply.
The worldwide market for Power Cords & Extension Cords is expected to grow at a CAGR of roughly -1.7% over the next five years, will reach 5190 million US$ in 2024, from 5750 million US$ in 2019, according to a new study.
The global Power Cords & Extension Cords market also reviews how the market has been bolstering its foothold internationally by influencing and heavily contributing to global revenue generation. Further, the report engages to provide important statistical details in terms of sales and revenue grounds on product type, applications, regions, leading market player, technology.
Scope of the Report:
There are a vast number of producers all vying for market share and trying to take market share from each other. For the North American power cords industry, the major competition comes from the Asia-Pacific region, especially from China, Taiwan and Vietnam, etc. The cheaper labor in these countries makes the power cord production cost decrease. With globalization came lower trade barriers and therefore low cost power cords flooded the developed countriespower cords market making the local power cord industry struggle to survive.
Key players operating in the global Power Cords & Extension Cords market include :
Volex, Longwell, I-SHENG, Electri-Cord, HL TECHNOLOGY, Feller, Quail Electronics , Hongchang Electronics, Americord, CHING CHENG, Prime Wire & Cable, AURICH, Queenpuo, CEP, Yunhuan Electronics, Coleman Cable, HUASHENG ELECTRICAL, StayOnline, Yung Li, MEGA
PVC and Rubber
Computers and Consumer Electronics
Other Industrial Products
Middle East & Africa
Furthermore, report casts light on leading manufacturers/players and describes their latest business moves including new product launches, technology adoption, profitable acquisitions, partnerships, and joint ventures. A precise evaluation of manufacturer’s production capacity, effective manufacturing methods, value chain analysis, market share, size, revenue, sales, growth rate, and CAGR is also included in this report that gives a comprehensive portrait of the Power Cords & Extension Cordsmarket competitor.
Besides, the report emphasizes growth influential elements, upcoming investment and business opportunities, challenges, scope, Power Cords & Extension Cords demand analysis, latest technological advancements, inventions, and innovation. It also provides explicit analysis of market restraining factors, provincial regulatory framework, and upcoming threats of the market, obstacles, and financial hurdles that give a thorough perception of the market which is highly essential while performing in the industry.
The report implements various analytical tools including SWOT analysis, Porters Five Forces analysis, and Capacity Utilization analysis to render a validated evaluation of the Power Cords & Extension Cords market. It also comprehends futuristic business opportunities, scope as well as market threats, challenges, barriers, obstacles, and regulatory framework to give a profound idea about the Power Cords & Extension Cords market that aids reader to form own business stratagem accordingly to meet their resolved business goals.
By explaining competition landscape, crucial market projections, limitations, market restraints, growth hindering factors, regional rules and regulations, forthcoming investment and business opportunities, market threats, challenges, market driving factors and dynamics the report renders an absolute acumen to readers that allow to shape up profitable and lucrative business planning for its business.
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