Smart Plug Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast, 2021–2032

 The global smart plug market size reached USD 4.92 Billion in 2020, and is expected to register a CAGR of 40.1% during the forecast period. Market revenue growth is primarily driven by shift in consumer preference towards smart home applications. Improving standard of living among consumers owing to increasing disposable income is expected to boost demand for smart plugs for household use. Rise in adoption of home automation technologies is projected to drive revenue growth of the market during the forecast period. Smart plug is a small adaptor that can be plugged into a regular electrical wall outlet and can be connected to a Wi-Fi network. The ability of smart plugs to convert ordinary devices and appliances in homes into smart ones is contributing to growing demand. Smart plugs allow consumers to control the power supply to the appliance through an app on a smartphone. Rising energy bills and need to minimize energy consumption are other key factors expected to drive growth of the smart plug market during the forecast period. A smart plug can monitor energy consumption of appliances and help consumers to become aware of and reduce power consumption. The consumers can easily turn off appliances with the help of smart plugs and avoid standby consumption. Consumption can be minimized with the use of smart appliances or switching on conventional schedulable appliances through smart plugs. Smart plug applications also include HVAC control, light control, sprinkle control, and control of other home appliances.

The latest and updated research report on the Global Smart Plug Market covers a comprehensive overview of the Smart Plug market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Smart Plug market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.

Click the link to get a Free Sample Copy of the Report: @ https://www.emergenresearch.com/request-sample/913

Competitive Outlook: The leading companies operating in the Smart Plug market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Smart Plug Market and Profiled in the Report are:

Belkin International Inc, Panasonic Corporation, iHome Inc., Edimax Technology Co., Ltd., Etekcity Corporation, Xiaomi Corporation, Satechi Inc., Lenovo Group Limited, Leviton Manufacturing Company, and TP-Link Technologies Co., Ltd

Objectives of the Report:

Study of the global Smart Plug market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Smart Plug market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Smart Plug market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Smart Plug market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Enquire for customization in Report @: https://www.emergenresearch.com/request-for-customization/913

Segments Covered in this report are:

 

  • Technology Outlook (Revenue, USD Billion; 2018–2028)

    • Wi-Fi
    • Bluetooth
    • Others

  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Commercial Use
    • Industrial Use
    • Household Use

  • Regional Outlook (Revenue, USD Billion; 2018–2028)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. BENELUX
      5. Italy
      6. Spain
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. India
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Browse Detailed Research report @ https://www.emergenresearch.com/industry-report/smart-plug-market

Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs.

Look More Related Reports By Emergen Research

About Emergen Research

 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

 

 

Comments

Post a Comment

Popular posts from this blog

Biodegradable Films Market Revenue, Trends, Growth Factors, Region and Country Analysis & Forecast To 2032

 The global biodegradable films market size is expected to reach USD 2.21 Billion in 2032 and register a steady revenue CAGR of 7.2% during the forecast period, according to latest analysis by Emergen Research. Focus of governments of various countries across the globe on green procurement policies is a major factor driving market revenue growth. For instance, in April 2006, Green Procurement policy was incorporated by the Government of Canada. This policy directs federal departments and agencies to incorporate environmental considerations into procurement decision-making processes for all goods and services purchased. These departments are responsible for setting green procurement targets and including environmental criteria and specifications. As a result, suppliers play a key role in advancing government's environmental agenda by providing environmentally preferable goods and services. A Global keyword Market Research Report from Emergen Research has been formulated by analyzin
Read more

Bio isobutene Market: A Look at the Industry's Current and Future State

 The global bio-isobutene market is expected to reach a market size of USD 34.68 Billion at a revenue CAGR of 3.3% in 2028, according to the latest analysis by Emergen Research. The need to reduce environmental impact caused due to carbon emission is a key factor driving growth of global bio-isobutene market. It is used in a variety of applications including agriculture and pharmaceuticals industry. Increasing awareness and use of biofuel in the transportation sector is a major factor driving growth of the market. Increased investment for the research and development of bio-fuel also contributes to growth of the market. The focus of the governments all over the world on reducing pollution and encouraging the use of bio-fuel is another factor expected to drive growth of the market. Moreover, governmental policies and regulations aimed at encouraging and easing the entry of new players in to the market adds to growth of the market. For instance, the National Policy on Biofuels, 2018, by
Read more

Laser Sensor Market Research Methodology, Competitive Landscape and Business Opportunities by 2030

 The global laser sensor market size was USD 652.2 Million in 2021 and is expected to register a revenue CAGR of 10.09% during the forecast period, according to the latest analysis by Emergen Research. Growing advancements in laser sensor technologies and increasing demand for laser sensors in the food & beverages industry are major factors projected to support market revenue growth between 2021 and 2030. The food & beverage industry uses a wider spectrum of laser sensors to measure natural items in three dimensions and analyze surface of processed products. Through laser technology, government initiatives focus on downsizing of sensor technologies and extensive IoT integration to monitor processes virtually, which are expected to open up new avenues for laser sensor business. For example, Food and Drug Administration (FDA) approved LLT100 laser level transmitter sensor made with polycarbonate and stainless steel. It is a level-measuring device without contact, which was create
Read more