Global Smart Plug Market to 2027 - Research and Markets

Smart plugs are power receptacle devices that plug into traditional electrical outlet and integrate into smart home. Rise in disposable income of customers and change in lifestyle are further projected to accelerate the global smart plug market in coming years. Increase in adoption of energy efficient home appliances and innovative product in smart homes will drive the market growth.

Market Drivers

Increase in technological advancements and investments by prominent players are the key driving factors which are expected to boost the global smart plug market growth. Furthermore, growing need of consumers for a convenient lifestyle, advancements in the IoT framework, and improved energy saving will have the positive impact on market growth. Moreover, smart devices are becoming popular due to benefits such as remote control, remote monitoring, and other features enabling cost savings and convenience will propel the market growth during this forecast period. Also, implementation of smart homes due to government initiatives to enhance standard of living, will significantly grow global smart plug market.

Market Restraints

However, security concerns associated with smart plugs are the major restraining factors which are expected to hamper the global smart plug market growth.

Market Segmentation

Global Smart Plug Market is segmented into technology such as Bluetooth, and Wi-Fi. Further, market is segmented into end user such as Automotive, Healthcare, Aerospace & Defense, Power & Energy, Consumer Electronics, IT & Telecommunication, Industrial, and Others.

Also, Global Smart Plug Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Panasonic, Belkin International, Insteon, Leviton, TP-Link, D-Link, Etekcity, SDI Technologies, iSmartAlarm, and EDIMAX Technology.

Market Taxonomy

By Technology

Bluetooth
Wi-Fi

By End User

Automotive
Healthcare
Aerospace & Defense
Power & Energy
Consumer Electronics
IT & Telecommunication
Industrial
Others

By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Frequently Asked Questions about the Global Smart Plug Market

What is the estimated value of the Global Smart Plug Market?

The Global Smart Plug Market was estimated to be valued at $32.27 Million in 2017.

What is the growth rate of the Global Smart Plug Market?

The growth rate of the Global Smart Plug Market is 10.8%, with an estimated value of $85.25 Million by 2027.

What is the forecasted size of the Global Smart Plug Market?

The Global Smart Plug Market is estimated to be worth $85.25 Million by 2027.

Who are the key companies in the Global Smart Plug Market?

Key companies in the Global Smart Plug Market include Panasonic, Belkin International, Insteon, Leviton, TP, Link, D, Link, Etekcity and SDI Technologies.

Report Attribute	Details
No. of Pages	248
Published	March 2021
Forecast Period	2017 - 2027
Estimated Market Value ( USD ) in 2017	$ 32.27 Million
Forecasted Market Value ( USD ) by 2027	$ 85.25 Million
Compound Annual Growth Rate	10.8%
Regions Covered	Global
No. of Companies Mentioned	10

1 Introduction

1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope

2 Research Methodology

2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources

3 Executive Summary

4 Global Smart Plug Market Outlook

4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 Global Smart Plug Market, By Technology

5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Smart Plug Market Share Analysis, By Technology
5.3 Global Smart Plug Market Size and Forecast, By Technology
5.3.1 Bluetooth
5.3.2 Wi-Fi

6 Global Smart Plug Market, By End User

6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Smart Plug Market Share Analysis, By End User
6.3 Global Smart Plug Market Size and Forecast, By End User
6.3.1 Automotive
6.3.2 Healthcare
6.3.3 Aerospace & Defence
6.3.4 Power & Energy
6.3.5 Consumer Electronics
6.3.6 IT & Telecommunication
6.3.7 Industrial
6.3.8 Others

7 Global Smart Plug Market, By Region

7.1 Global Smart Plug Market Share Analysis, By Region
7.2 Global Smart Plug Market Share Analysis, By Region
7.3 Global Smart Plug Market Size and Forecast, By Region

8 North America Smart Plug Market Analysis and Forecast (2017 – 2027)

8.1 Introduction
8.2 North America Smart Plug Market Share Analysis, By Technology
8.3 North America Smart Plug Market Size and Forecast, By End User
8.4 North America Smart Plug Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico

9 Europe Smart Plug Market Analysis and Forecast (2017 – 2027)

9.1 Introduction
9.2 Europe Smart Plug Market Share Analysis, By Technology
9.3 Europe Smart Plug Market Size and Forecast, By End User
9.4 Europe Smart Plug Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe

10 Asia Pacific Smart Plug Market Analysis and Forecast (2017 – 2027)

10.1 Introduction
10.2 Asia Pacific Smart Plug Market Share Analysis, By Technology
10.3 Asia Pacific Smart Plug Market Size and Forecast, By End User
10.4 Asia Pacific Smart Plug Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific

11 Latin America Smart Plug Market Analysis and Forecast (2017 – 2027)

11.1 Introduction
11.2 Latin America Smart Plug Market Share Analysis, By Technology
11.3 Latin America Smart Plug Market Size and Forecast, By End User
11.4 Latin America Smart Plug Market Size and Forecast, By Country

12 Middle East Smart Plug Market Analysis and Forecast (2017 – 2027)

12.1 Introduction
12.2 Middle East Smart Plug Market Share Analysis, By Technology
12.3 Middle East Smart Plug Market Size and Forecast, By End User
12.4 Middle East Smart Plug Market Size and Forecast, By Country

13 Competitive Analysis

13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies

14 Company Profiles

15.1 Panasonic
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Belkin International
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Insteon
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Leviton
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 TP-Link
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 D-Link
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Etekcity
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 SDI Technologies
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 iSmartAlarm
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 EDIMAX Technology
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies