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Smart Plug Market

Smart Plug Market Size, Share & Segment By Type (WiFi, Bluetooth) By Application (Industrial, Household, Commercial, Other), and By Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1382 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Smart Plug Market Size was valued at USD 10.06 billion in 2021 and is expected to reach USD 124.85 billion by 2028, and grow at a CAGR of 43.3% over the forecast period 2022-2028.

Smart plugs' market power has been bolstered by the fast adoption of a wide range of smart home and other intelligent technology and equipment. The rising adoption of home automation and technology tools is also propelling the smart plugs market forward internationally. Manufacturers and competitors in the worldwide smart plug market offer goods that employ a variety of technologies, including original designers, pre-existing, and founder. Wi-Fi-enabled smart plugs and Bluetooth-enabled smart plugs are two popular types of products offered by manufacturers and players in the worldwide smart plugs market. In the global market for smart plugs, these goods and solutions are utilised for industrial, commercial, and home purposes.

Smart Plug Market Segment Pie Chart

MARKET DYNAMICS: 

KEY DRIVERS:

  • Rising consumer preference for smart homes.

  • Proliferation of smart devices.

RESTRAINTS: 

  • This will be covered under the final version of the report.

OPPORTUNITIES: 

  • In terms of technology, there are constant leaps and bounds.

  • Advancements in the IoT.

CHALLENGES: 

  • This will be covered under the final version of the report.

IMPACT OF COVID-19: 

Smart plugs are regarded to be energy efficient, save consumers time with automated activities, and improve security since the advent of COVID-19. Consumers are exhibiting enthusiasm for technology as smart plugs respond to voice requests, eliminating frequent manual tasks such as utilising a voice remote control to operate all gadgets rather than multiple remote controllers.

COMPETITIVE LANDSCAPE:

The top players in the Global Smart Plug Market are examined in this analysis, including their company strategy, financial status, and future products. Some key participants include: D-Link Corporation, Panasonic Corporation, SDI Technologies Inc., TP-Link Corporation Limited., EDIMAX Technology, Belkin International, Inc., Insteon, Leviton Manufacturing Co., Inc., Hangzhou BroadLink Technology Co.,Ltd, Etekcity Corporation and Other.

MARKET SEGMENTATION:

BY TYPE

  • WiFi

  • Bluetooth

BY APPLICATION

  • Industrial

  • Household

  • Commercial

  • Other

Smart Plug Market Segment Pie Chart

REGIONAL ANALYSIS:

Due to presence of significant industry competitors and the rapid adoption of emerging automotive technologies, the North American smart plugs market is likely to have the biggest market share. However, growing Asia Pacific economies such as India, Japan, and China are expected to rise significantly during the predicted period. This could be attributed to the rise of the middle class, shifting consumer preferences, and the increasing need for digital solutions and services. Due to the vast number of vendors investing in R&D efforts to develop automated home solutions, the global smart plug market is extremely competitive and diverse, and offers thousands of products that encourage market growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Smart Plug Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 10.06 Billion
Market Size by 2028 US$ 124.85 Billion
CAGR CAGR of 43.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (WiFi, Bluetooth)
• By Application (Industrial, Household, Commercial, Other)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles D-Link Corporation, Panasonic Corporation, SDI Technologies Inc., TP-Link Corporation Limited., EDIMAX Technology, Belkin International, Inc., Insteon, Leviton Manufacturing Co., Inc., Hangzhou BroadLink Technology Co.,Ltd, Etekcity Corporation and Other.
Key Drivers • Rising consumer preference for smart homes.
• Proliferation of smart devices.
OPPORTUNITIES • In terms of technology, there are constant leaps and bounds.
• Advancements in the IoT.


Frequently Asked Questions (FAQ) :

The Smart Plug Market size was valued at 10 billion in 2021 at a CAGR of 43.3%.

The top players in the Smart Plug Market are examined in this analysis, including their company strategy, financial status, and future products. Some key participants include: D-Link Corporation, Panasonic Corporation, SDI Technologies Inc., TP-Link Corporation Limited., EDIMAX Technology, Belkin International, Inc., Insteon, Leviton Manufacturing Co., Inc., Hangzhou BroadLink Technology Co.,Ltd, Etekcity Corporation and Other.

Rising consumer preference for smart homes and Proliferation of smart devices are the drivers of the Smart Plug Market.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

 

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Smart Plug Market Segmentation, by type

8.1Introduction

8.2 WiFi

8.3 Bluetooth

 

9. Global Smart Plug Market Segmentation, by application

9.1 Introduction

9.2 Industrial

9.3 Household

9.4 Commercial

9.5 Other

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2    Canada

10.2.3    Mexico

10.3        Europe

10.3.1    Germany

10.3.2    UK

10.3.3    France

10.3.4    Italy

10.3.5    Spain

10.3.6    The Netherlands

10.3.7    Rest of Europe

10.4        Asia-Pacific

10.4.1    Japan

10.4.2    South Korea

10.4.3    China

10.4.4    India

10.4.5    Australia

10.4.6    Rest of Asia-Pacific

10.5        The Middle East & Africa

10.5.1    Israel

10.5.2    UAE

10.5.3    South Africa

10.5.4    Rest

10.6        Latin America

10.6.1    Brazil

10.6.2    Argentina

10.6.3    Rest of Latin America

 

11. Company Profiles

11.1 Panasonic Corporation

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 D-Link Corporation

11.3 SDI Technologies Inc.

11.4 TP-Link Corporation Limited.

11.5 EDIMAX Technology

11.6 Belkin International, Inc.

11.7 Insteon

11.8 Leviton Manufacturing Co., Inc.

11.9 Hangzhou BroadLink Technology Co.,Ltd

11.10 Etekcity Corporation.

11.11 Other

 

12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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