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Global Smart Plug Market Size study, By Product Support (Wi-Fi, Bluetooth), By Application (Commercial, Household, Industrial), and Regional Forecasts 2022-2028

  • BIZ4983449
  • 200 Pages
  • July 2022
  • ICT & Media
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Global Smart Plug Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. A smart plug is a power plug that is arranged between power cords and sockets. This plug functions as a remote-controlled power switch, which allows the user to control the devices by the usage of a mobile phone application remotely. The rapid penetration of smart devices in the household and commercial applications, the rising trend of smart homes, coupled with the surging demand for energy-efficient household appliances are the primary factors burgeoning the market growth across the globe. For instance, according to Statista, in 2021, nearly 259.89 million smart homes were recorded and the figure is projected to increase and reach about 478.22 million by 2025. Thereby, rising consumer preference for smart homes is soaring the demand for a smart plug, which, in turn, accelerates the global market growth. However, rising security concerns associated with smart plugs and IoT, along with a lack of knowledge and design complexity hinder the growth of the market over the forecast period of 2022-2028. Also, the growing advancements in the IoT framework and the introduction of technologically advanced products are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Smart Plug Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising proliferation of smart home technology and growing inclination towards energy-efficient smart appliances. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing demand for digital solutions and services, as well as rising government initiatives for smart infrastructure development projects, would create lucrative growth prospects for the Smart Plug Market across the Asia-Pacific region.

Major market players included in this report are:

Belkin International, Inc.

D-Link Corporation

Panasonic Corporation

EDIMAX Technology Co. Ltd.

Etekcity Corporation

Leviton Manufacturing Co., Inc.

SDI Technologies, Inc.

TP-Link Technologies Co., Ltd.

Xiaomi Inc.

Ankuoo Electronics Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Support:

Wi-Fi

Bluetooth

By Application:

Commercial

Household

Industrial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Smart Plug Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)

1.2.1. Smart Plug Market, by Region, 2020-2028 (USD Million)

1.2.2. Smart Plug Market, by Product Support, 2020-2028 (USD Million)

1.2.3. Smart Plug Market, by Application, 2020-2028 (USD Million)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Smart Plug Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Smart Plug Market Dynamics

3.1. Smart Plug Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Rapid penetration of smart devices in household and commercial applications

3.1.1.2. Rising trend of smart homes

3.1.1.3. Surging demand for energy-efficient household appliances

3.1.2. Market Challenges

3.1.2.1. Rising security concerns associated with smart plugs and IoT

3.1.2.2. Lack of knowledge and design complexity

3.1.3. Market Opportunities

3.1.3.1. Growing advancements in IoT framework

3.1.3.2. Introduction of technologically advanced products

Chapter 4. Global Smart Plug Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Smart Plug Market, by Product Support

6.1. Market Snapshot

6.2. Global Smart Plug Market by Product Support, Performance - Potential Analysis

6.3. Global Smart Plug Market Estimates & Forecasts by Product Support, 2018-2028 (USD Million)

6.4. Smart Plug Market, Sub Segment Analysis

6.4.1. Wi-Fi

6.4.2. Bluetooth

Chapter 7. Global Smart Plug Market, by Application

7.1. Market Snapshot

7.2. Global Smart Plug Market by Application, Performance – Potential Analysis

7.3. Global Smart Plug Market Estimates & Forecasts by Application, 2018-2028 (USD Million)

7.4. Smart Plug Market, Sub Segment Analysis

7.4.1. Commercial

7.4.2. Household

7.4.3. Industrial

Chapter 8. Global Smart Plug Market, Regional Analysis

8.1. Smart Plug Market, Regional Market Snapshot

8.2. North America Smart Plug Market

8.2.1. U.S. Smart Plug Market

8.2.1.1. Product Support breakdown estimates & forecasts, 2018-2028

8.2.1.2. Application breakdown estimates & forecasts, 2018-2028

8.2.2. Canada Smart Plug Market

8.3. Europe Smart Plug Market Snapshot

8.3.1. U.K. Smart Plug Market

8.3.2. Germany Smart Plug Market

8.3.3. France Smart Plug Market

8.3.4. Spain Smart Plug Market

8.3.5. Italy Smart Plug Market

8.3.6. Rest of Europe Smart Plug Market

8.4. Asia-Pacific Smart Plug Market Snapshot

8.4.1. China Smart Plug Market

8.4.2. India Smart Plug Market

8.4.3. Japan Smart Plug Market

8.4.4. Australia Smart Plug Market

8.4.5. South Korea Smart Plug Market

8.4.6. Rest of Asia Pacific Smart Plug Market

8.5. Latin America Smart Plug Market Snapshot

8.5.1. Brazil Smart Plug Market

8.5.2. Mexico Smart Plug Market

8.6. Rest of The World Smart Plug Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Belkin International, Inc.

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. D-Link Corporation

9.2.3. Panasonic Corporation

9.2.4. EDIMAX Technology Co. Ltd.

9.2.5. Etekcity Corporation

9.2.6. Leviton Manufacturing Co., Inc.

9.2.7. SDI Technologies, Inc.

9.2.8. TP-Link Technologies Co., Ltd.

9.2.9. Xiaomi Inc.

9.2.10. Ankuoo Electronics Inc.

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global Smart Plug Market, report scope

TABLE 2. Global Smart Plug Market estimates & forecasts by Region 2018-2028 (USD Million)

TABLE 3. Global Smart Plug Market estimates & forecasts by Product Support 2018-2028 (USD Million)

TABLE 4. Global Smart Plug Market estimates & forecasts by Application 2018-2028 (USD Million)

TABLE 5. Global Smart Plug Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 6. Global Smart Plug Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 7. Global Smart Plug Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 8. Global Smart Plug Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 9. Global Smart Plug Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 10. Global Smart Plug Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 11. Global Smart Plug Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 12. Global Smart Plug Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 13. Global Smart Plug Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 14. Global Smart Plug Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 15. U.S. Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 16. U.S. Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 17. U.S. Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 18. Canada Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 19. Canada Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 20. Canada Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 21. UK Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 22. UK Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 23. UK Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 24. Germany Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 25. Germany Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 26. Germany Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 27. RoE Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 28. RoE Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 29. RoE Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 30. China Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 31. China Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 32. China Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 33. India Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 34. India Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 35. India Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 36. Japan Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 37. Japan Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 38. Japan Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 39. RoAPAC Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 40. RoAPAC Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 41. RoAPAC Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 42. Brazil Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 43. Brazil Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 44. Brazil Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 45. Mexico Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 46. Mexico Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 47. Mexico Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 48. RoLA Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 49. RoLA Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 50. RoLA Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 51. Row Smart Plug Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 52. Row Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 53. Row Smart Plug Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 54. List of secondary sources, used in the study of global Smart Plug Market

TABLE 55. List of primary sources, used in the study of global Smart Plug Market

TABLE 56. Years considered for the study

TABLE 57. Exchange rates considered

 
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