What is Global Appliance Power Cord Market?
The Global Appliance Power Cord Market is a vast and dynamic sector that deals with the production and distribution of power cords used in various appliances worldwide. These cords are essential components that supply power from the main electricity source to the appliance. The market's scope is global, meaning it encompasses the production and distribution of these cords across different regions worldwide. The market's value was estimated at US$ 2369.8 million in 2022, and it's projected to grow to US$ 3128.7 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2029.
PVC & Rubber Materials, Halogen-free Materials in the Global Appliance Power Cord Market:
The Global Appliance Power Cord Market is segmented based on the materials used in the production of the cords. These materials include PVC & Rubber Materials and Halogen-free Materials. PVC & Rubber materials are widely used due to their durability, flexibility, and cost-effectiveness. On the other hand, Halogen-free materials are gaining popularity due to their eco-friendly nature. They do not release toxic gases when burned, making them a safer alternative. However, they are more expensive compared to PVC & Rubber materials. The choice of material depends on the appliance's requirements and the manufacturer's preference.
Household Appliances, Computers & Consumer Electronics, Medical Devices, Others in the Global Appliance Power Cord Market:
The Global Appliance Power Cord Market serves various sectors, including Household Appliances, Computers & Consumer Electronics, Medical Devices, among others. In the Household Appliances sector, power cords are used in appliances like refrigerators, washing machines, air conditioners, etc. In the Computers & Consumer Electronics sector, they are used in devices like laptops, televisions, gaming consoles, etc. In the Medical Devices sector, power cords are used in equipment like ventilators, MRI machines, etc. The usage in these sectors varies based on the power requirements of the appliances.
Global Appliance Power Cord Market Outlook:
The future of the Global Appliance Power Cord Market looks promising, with a steady growth rate projected for the next few years. In 2022, the market was valued at US$ 2369.8 million, and it's expected to reach US$ 3128.7 million by 2029. This growth will be at a CAGR of 4.0% during the forecast period from 2023 to 2029. The top five companies in this industry, namely I-SHENG, Longwell, Volex, Hongchang Electronics, and HL TECHNOLOGY, collectively held a market share close to 31%. These companies have a significant influence on the market trends and dynamics.
| Report Metric | Details |
| Report Name | Appliance Power Cord Market |
| Accounted market size in 2022 | US$ 2369.8 million |
| Forecasted market size in 2029 | US$ 3128.7 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Volex, I-SHENG, Longwell, YFC-BonEagle, Tripplite, HL TECHNOLOGY, Hongchang Electronics, Fund Resources Group, Queenpuo, Yunhuan Electronics, Yung Li, Yuyao Jiying, QIAOPU, Ningbo Chenglong, Interpower, Quail Electronics, StayOnline, Electri-Cord, Feller, CHING CHENG, Cord-Sets, MEGA Electronics, AURICH |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
