Los Angeles, CA -- (SBWire) -- 04/11/2019 --This report studies the global Power Cords & Extension Cords market status and forecast, categorizes the global Power Cords & Extension Cords market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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 source.
Equipment 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.
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 countries'power cords market making the local power cord industry struggle to survive.
The threat of this industry is wireless technology which could be a major trend in the future. At the present time the threat of substitutes for power cords or their components is low. The power cord is a relatively cheap part of the end product for most buyers.The fluctuation of copper price will affect the cost and price of the power cords product.The gross margin is the same. Although power cords & extension cords industry still have a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market
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The global Power Cords & Extension Cords market is valued at 5750 million US$ in 2017 and will reach 5110 million US$ by the end of 2025, growing at a CAGR of -1.5% during 2018-2025.
The major manufacturers covered in this report
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
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
North America
Europe
China
Japan
Southeast Asia
India
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Power Cords & Extension Cords Market Segmentation Detailed Study with Forecast to 2025
QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience.