Press release
Smart Plug Market Overview by Advance Technology, Future Outlook 2030
The global smart plug market size was valued at USD 217.8 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 32.0% from 2022 to 2030.In addition to offering several advantages including remote monitoring, remote control, and other features that are convenient for the user and cost-effective, smart plugs are growing in popularity. It offers simple access using an app, which subsequently enables capabilities even when users are not nearby to physically operate the switch. The market for smart plugs will experience growth as a result of shifting consumer preferences toward smart home applications and the quick uptake of home automation technology. The market for smart plugs will be complemented by increased consumer demand for a convenient lifestyle, better energy savings, and developments in the IoT infrastructure.
Market Definition:
A smart plug is device which plugs into the socket which is placed on wall and with another socket to plug an electrical appliance into. At their most simple, smart plugs offer the consumer to turn the devices on and off from the smartphone.
Smart plugs Market: Overview:
The emergence and fast paced adoption of various smart home and other smart infrastructure technologies and equipment have bolstered the demand dynamics in the global smart plugs market. The rapid adoption of home automation tools and technologies is also a positive drivers for the development of the global smart plugs market. The manufacturers and players working within the global smart plugs market offer smart plug products that utilize various technologies, such as early adopters, early majority, and innovator. Key types of products offered by the manufacturers and players functional within the global smart plugs market are Wi-Fi enabled smart plugs as well as Bluetooth enabled smart plugs. These products and solutions in the global smart plugs market are used for industrial use, commercial use, as well as household use.
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Global Smart Plug Market: Major Players
Panasonic
Ankuoo
Samsung
Broadlink
BULL
Media
Edimax
IHOME
Etekcity
Belkin
Xiaomi
Nyrius
Haier
D-Link
Konke
Blackloud
Revogi
Shenzhen Orvibo Electronics
Satechi
Insteon
Global Smart Plug Market: By Types
Bluetooth
Wi-Fi
Global Smart Plug Market: By Applications
Household
Commercial
Industrial
Global Smart Plug Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Smart Plug market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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FREQUENTLY ASKED QUESTIONS
•What is the future market value for smart plug market?
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•What is the application segment?
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