The smart plug market was valued at $5.1 billion in 2021, at a CAGR of 42% over the forecast period 2022-2028. A smart plug is a power outlet that provides programming and manual on/off control of connected devices and real-time energy usage data. The smart plug can replace a standard wall outlet or sit between a wall outlet and a connected device. Wi-Fi or Bluetooth connection allows remote access from your bedroom to the whole world via your smartphone or cloud app. Some smart plugs go a step further and collect information about how much energy the connected appliance is using. This is a very useful feature for energy-sensitive consumers. Smart plug is considered ‘smart’ because it allows the user to control the device from anywhere in the app of the phone. The app even allows the user to set a schedule for the smart plug, allowing appliances to turn on and off on a specific day at a set time.
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Company Profile
- Etekcity Corp.
- EDIMAX Technology Co. Ltd.
- iSmart Alarm Inc.
- Insteon
- Panasonic Corp.
- Leviton Manufacturing Co. Inc.
- TP-Link Technologies Co. Ltd.
- SDI Technologies Inc.
Market Segmentation
By Technology
- Early majority
- Early adopters
- Innovator
By Type
- Bluetooth
- Wi-fi
By End-user
- Household use
- Industrial use
- Commercial use
Scope of the Report
The research study analyzes the Smart Plug Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Smart Plug Market Report
- What was the Smart Plug Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Smart Plug Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Smart Plug Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Smart Plug market.
- The market share of the Smart Plug market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Smart Plug market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Smart Plug market.
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