PUBLISHER: TechNavio | PRODUCT CODE: 1714119
PUBLISHER: TechNavio | PRODUCT CODE: 1714119
The smart plug market is forecasted to grow by USD 42922.5 mn during 2024-2029, accelerating at a CAGR of 57.3% during the forecast period. The report on the smart plug market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by use of connectivity as differentiating feature by manufacturers, need for energy efficiency among consumers, and growing demand for smart homes.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 40.1% |
CAGR | 57.3% |
Incremental Value | $42922.5 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's smart plug market is segmented as below:
By End-user
By Connectivity
By Distribution Channel
By Geographical Landscape
This study identifies the promotion of smart plugs through trade exhibitions as one of the prime reasons driving the smart plug market growth during the next few years. Also, increasing development of smart cities and competition from built-in smart appliances will lead to sizable demand in the market.
The report on the smart plug market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart plug market vendors that include BroadLink, ConnectSense, D Link Corp., EDIMAX Technology Co. Ltd., Halonix Technologies Pvt Ltd., Havells India Ltd., Hon Hai Precision Industry Co. Ltd., Indiegogo Inc., Insteon Technologies LLC, ITEAD Intelligent Systems Co. Ltd., Lenovo Group Ltd., Leviton Manufacturing Co. Inc., Panasonic Holdings Corp., Revogi Innovation Co. Ltd., Satechi LLC, Syska Led Lights Pvt. Ltd., TP Link Corp. Ltd., Vesync Co. Ltd., Wipro Ltd., and Xiaomi Inc.. Also, the smart plug market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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