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The Global Smart Plug Market is expected to reach $7,481.91 million by 2027 growing at a CAGR of 12.6% from 2020 to 2027. A smart plug is like an out extension as it plugs directly into an electrical outlet and also has its own outlet. Through mobile phone applications smart plugs can turn on and turn off the power supply to the devices remotely. Smart plugs can enable scheduling for devices that ensure the power consumption by devices only during the predefined time intervals. These foregoing features help in improving the energy rating of the devices and effectively conserve energy. Factors such as fast adoption of home automation technologies and varying customer’s preferences leaning towards smart home applications are driving the growth of the market. However, delay in deliveries of the product is restraining the growth of the market. Based on the application, the household segment is going to have a lucrative growth during the forecast period which can be attributed to the inclination toward smart homes at the global level surfaced a way for the industry growth in the household sector. The key vendors mentioned are D-Link Corp., Belkin International Inc., Etekcity Corp., Panasonic Corp., Leviton Manufacturing Co. Inc., TP-Link Technologies Co. Ltd., EDIMAX Technology, Insteon, Haier, iSmartAlarm, SDI Technologies Inc., Broadlink, Bull Machines Pvt Ltd and Shenzhen Orvibo Electronics. Products Covered: • Timing Smart Plug • Metering Smart Plug Types Covered: • Bluetooth • Wi-Fi Technologies Covered: • Early Majority • Early Adopters • Innovator Applications Covered: • Restaurant & Hotel • Household • Commercial End Users Covered: • Industrial • Healthcare • Automotive • Aerospace & Defense • Information Technology (IT) & Telecom • Power & Energy • Consumer Electronics Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Plug Market, By Product
5.1 Introduction
5.2 Timing Smart Plug
5.3 Metering Smart Plug
6 Global Smart Plug Market, By Type
6.1 Introduction
6.2 Bluetooth
6.3 Wi-Fi
7 Global Smart Plug Market, By Technology
7.1 Introduction
7.2 Early Majority
7.3 Early Adopters
7.4 Innovator
8 Global Smart Plug Market, By Application
8.1 Introduction
8.2 Restaurant & Hotel
8.3 Household
8.4 Commercial
9 Global Smart Plug Market, By End User
9.1 Introduction
9.2 Industrial
9.3 Healthcare
9.4 Automotive
9.5 Aerospace & Defense
9.6 Information Technology (IT) & Telecom
9.7 Power & Energy
9.8 Consumer Electronics
10 Global Smart Plug Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Strategic Benchmarking
12 Vendors Landscape
12.1 D-Link Corp.
12.2 Belkin International Inc.
12.3 Etekcity Corp.
12.4 Panasonic Corp.
12.5 Leviton Manufacturing Co. Inc.
12.6 TP-Link Technologies Co. Ltd.
12.7 EDIMAX Technology
12.8 Insteon
12.9 Haier
12.10 iSmartAlarm
12.11 SDI Technologies Inc.
12.12 Broadlink
12.13 Bull Machines Pvt Ltd
12.14 Shenzhen Orvibo Electronics
List of Data Tables
1 Global Smart Plug Market Outlook, By Region (2019-2027) ($MN)
2 Global Smart Plug Market Outlook, By Product (2019-2027) ($MN)
3 Global Smart Plug Market Outlook, By Timing Smart Plug (2019-2027) ($MN)
4 Global Smart Plug Market Outlook, By Metering Smart Plug (2019-2027) ($MN)
5 Global Smart Plug Market Outlook, By Type (2019-2027) ($MN)
6 Global Smart Plug Market Outlook, By Bluetooth (2019-2027) ($MN)
7 Global Smart Plug Market Outlook, By Wi-Fi (2019-2027) ($MN)
8 Global Smart Plug Market Outlook, By Technology (2019-2027) ($MN)
9 Global Smart Plug Market Outlook, By Early Majority (2019-2027) ($MN)
10 Global Smart Plug Market Outlook, By Early Adopters (2019-2027) ($MN)
11 Global Smart Plug Market Outlook, By Innovator (2019-2027) ($MN)
12 Global Smart Plug Market Outlook, By Application (2019-2027) ($MN)
13 Global Smart Plug Market Outlook, By Restaurant & Hotel (2019-2027) ($MN)
14 Global Smart Plug Market Outlook, By Household (2019-2027) ($MN)
15 Global Smart Plug Market Outlook, By Commercial (2019-2027) ($MN)
16 Global Smart Plug Market Outlook, By End User (2019-2027) ($MN)
17 Global Smart Plug Market Outlook, By Industrial (2019-2027) ($MN)
18 Global Smart Plug Market Outlook, By Healthcare (2019-2027) ($MN)
19 Global Smart Plug Market Outlook, By Automotive (2019-2027) ($MN)
20 Global Smart Plug Market Outlook, By Aerospace & Defense (2019-2027) ($MN)
21 Global Smart Plug Market Outlook, By Information Technology (IT) & Telecom (2019-2027) ($MN)
22 Global Smart Plug Market Outlook, By Power & Energy (2019-2027) ($MN)
23 Global Smart Plug Market Outlook, By Consumer Electronics (2019-2027) ($MN)
24 North America Smart Plug Market Outlook, By Product (2019-2027) ($MN)
25 North America Smart Plug Market Outlook, By Type (2019-2027) ($MN)
26 North America Smart Plug Market Outlook, By Technology (2019-2027) ($MN)
27 North America Smart Plug Market Outlook, By Application (2019-2027) ($MN)
28 North America Smart Plug Market Outlook, By End User (2019-2027) ($MN)
29 Europe Smart Plug Market Outlook, By Product (2019-2027) ($MN)
30 Europe Smart Plug Market Outlook, By Type (2019-2027) ($MN)
31 Europe Smart Plug Market Outlook, By Technology (2019-2027) ($MN)
32 Europe Smart Plug Market Outlook, By Application (2019-2027) ($MN)
33 Europe Smart Plug Market Outlook, By End User (2019-2027) ($MN)
34 Asia Pacific Smart Plug Market Outlook, By Product (2019-2027) ($MN)
35 Asia Pacific Smart Plug Market Outlook, By Type (2019-2027) ($MN)
36 Asia Pacific Smart Plug Market Outlook, By Technology (2019-2027) ($MN)
37 Asia Pacific Smart Plug Market Outlook, By Application (2019-2027) ($MN)
38 Asia Pacific Smart Plug Market Outlook, By End User (2019-2027) ($MN)
39 South America Smart Plug Market Outlook, By Product (2019-2027) ($MN)
40 South America Smart Plug Market Outlook, By Type (2019-2027) ($MN)
41 South America Smart Plug Market Outlook, By Technology (2019-2027) ($MN)
42 South America Smart Plug Market Outlook, By Application (2019-2027) ($MN)
43 South America Smart Plug Market Outlook, By End User (2019-2027) ($MN)
44 Middle East & Africa Smart Plug Market Outlook, By Product (2019-2027) ($MN)
45 Middle East & Africa Smart Plug Market Outlook, By Type (2019-2027) ($MN)
46 Middle East & Africa Smart Plug Market Outlook, By Technology (2019-2027) ($MN)
47 Middle East & Africa Smart Plug Market Outlook, By Application (2019-2027) ($MN)
48 Middle East & Africa Smart Plug Market Outlook, By End User (2019-2027) ($MN)