Press release
Smart Plug Market 2027 Is Rising Internationally With: Belkin International, Broadlink, D-Link Corporation, EDIMAX Technology, Etekcity, Insteon, Leviton Manufacturing Company, Panasonic Corporation
Smart Plug Market
The smart plug market growth is highly propelled with the increasing adoption of home automation as well as changing customer preferences towards smart home applications. Further, the rising demand for energy savings and convenient lifestyle is another significant factor bolstering the growth of the smart plug market. Also, IoT enabled electronic devices has resulted in controlling devices remotely, which in turn is propelling the demand for smart home devices thus, fueling the demand for smart plug market.
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Smart plugs enable the user to control the devices by using a mobile phone application remotely. It helps to turn appliances on and off; however, when a smart plug is connected to a smart home, its applications become versatile. With the use of smart plugs, a user can convert any ordinary home appliance such as television, lamp, fan, and air conditioners among others into a smart appliance allowing smart features controllable from mobile devices.
Top Competitors:
1. Belkin International
2. Broadlink
3. D-Link Corporation
4. EDIMAX Technology
5. Etekcity
6. Insteon
7. Leviton Manufacturing Company, Inc.
8. Panasonic Corporation
9. SDI Technologies Inc. (iHome)
10. TP-Link Technologies Co., Ltd.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart plug market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart plug market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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The reports cover key developments in the smart plug market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from smart plug market are anticipated to lucrative growth opportunities in the future with the rising demand for Smart Plug in the global market.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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