Global Smart Plug Market 2023-2027

Description

List of Tables

The smart plug market is forecasted to grow by USD 7,487.13 mn during 2022-2027, accelerating at a CAGR of 29.7% 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.

Technavio's smart plug market is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	17.03%
CAGR	29.7%
Incremental Value	$7487.13mn

By End-user

Residential
Commercial

By Connectivity

Wi-Fi
Bluetooth

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

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:

Smart plug market sizing
Smart plug market forecast
Smart plug market industry analysis

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 Communications Co. Ltd.. 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 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 and vendor landscape in addition to an analysis of the key vendors.

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 research - both primary and secondary. 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 the accurate market growth.

Product Code: IRTNTR43229

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Connectivity
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global smart plug market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global smart plug market 2017 - 2021 ($ million)
4.2 End-User Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - End-User Segment 2017 - 2021 ($ million)
4.3 Connectivity Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Connectivity Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Residential - Market size and forecast 2022-2027
Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)
6.4 Commercial - Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by End-user
Exhibit 42: Market opportunity by End-user ($ million)
Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Connectivity

7.1 Market segments
Exhibit 44: Chart on Connectivity - Market share 2022-2027 (%)
Exhibit 45: Data Table on Connectivity - Market share 2022-2027 (%)
7.2 Comparison by Connectivity
Exhibit 46: Chart on Comparison by Connectivity
Exhibit 47: Data Table on Comparison by Connectivity
7.3 Wi-Fi - Market size and forecast 2022-2027
Exhibit 48: Chart on Wi-Fi - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Wi-Fi - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Wi-Fi - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Wi-Fi - Year-over-year growth 2022-2027 (%)
7.4 Bluetooth - Market size and forecast 2022-2027
Exhibit 52: Chart on Bluetooth - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Bluetooth - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Bluetooth - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Bluetooth - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Connectivity
Exhibit 56: Market opportunity by Connectivity ($ million)
Exhibit 57: Data Table on Market opportunity by Connectivity ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 UK - Market size and forecast 2022-2027
Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.11 China - Market size and forecast 2022-2027
Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 BroadLink
Exhibit 111: BroadLink - Overview
Exhibit 112: BroadLink - Product / Service
Exhibit 113: BroadLink - Key news
Exhibit 114: BroadLink - Key offerings
12.4 D Link Corp.
Exhibit 115: D Link Corp. - Overview
Exhibit 116: D Link Corp. - Business segments
Exhibit 117: D Link Corp. - Key news
Exhibit 118: D Link Corp. - Key offerings
Exhibit 119: D Link Corp. - Segment focus
12.5 EDIMAX Technology Co. Ltd.
Exhibit 120: EDIMAX Technology Co. Ltd. - Overview
Exhibit 121: EDIMAX Technology Co. Ltd. - Business segments
Exhibit 122: EDIMAX Technology Co. Ltd. - Key offerings
Exhibit 123: EDIMAX Technology Co. Ltd. - Segment focus
12.6 Hon Hai Precision Industry Co. Ltd.
Exhibit 124: Hon Hai Precision Industry Co. Ltd. - Overview
Exhibit 125: Hon Hai Precision Industry Co. Ltd. - Product / Service
Exhibit 126: Hon Hai Precision Industry Co. Ltd. - Key offerings
12.7 Indiegogo Inc.
Exhibit 127: Indiegogo Inc. - Overview
Exhibit 128: Indiegogo Inc. - Product / Service
Exhibit 129: Indiegogo Inc. - Key news
Exhibit 130: Indiegogo Inc. - Key offerings
12.8 Insteon Technologies LLC
Exhibit 131: Insteon Technologies LLC - Overview
Exhibit 132: Insteon Technologies LLC - Product / Service
Exhibit 133: Insteon Technologies LLC - Key offerings
12.9 ITEAD Intelligent Systems Co. Ltd.
Exhibit 134: ITEAD Intelligent Systems Co. Ltd. - Overview
Exhibit 135: ITEAD Intelligent Systems Co. Ltd. - Product / Service
Exhibit 136: ITEAD Intelligent Systems Co. Ltd. - Key offerings
12.10 Lenovo Group Ltd.
Exhibit 137: Lenovo Group Ltd. - Overview
Exhibit 138: Lenovo Group Ltd. - Business segments
Exhibit 139: Lenovo Group Ltd. - Key offerings
Exhibit 140: Lenovo Group Ltd. - Segment focus
12.11 Leviton Manufacturing Co. Inc.
Exhibit 141: Leviton Manufacturing Co. Inc. - Overview
Exhibit 142: Leviton Manufacturing Co. Inc. - Product / Service
Exhibit 143: Leviton Manufacturing Co. Inc. - Key offerings
12.12 Panasonic Holdings Corp.
Exhibit 144: Panasonic Holdings Corp. - Overview
Exhibit 145: Panasonic Holdings Corp. - Business segments
Exhibit 146: Panasonic Holdings Corp. - Key news
Exhibit 147: Panasonic Holdings Corp. - Key offerings
Exhibit 148: Panasonic Holdings Corp. - Segment focus
12.13 Revogi Innovation Co. Ltd.
Exhibit 149: Revogi Innovation Co. Ltd. - Overview
Exhibit 150: Revogi Innovation Co. Ltd. - Product / Service
Exhibit 151: Revogi Innovation Co. Ltd. - Key offerings
12.14 Satechi LLC
Exhibit 152: Satechi LLC - Overview
Exhibit 153: Satechi LLC - Product / Service
Exhibit 154: Satechi LLC - Key offerings
12.15 TP Link Corp. Ltd.
Exhibit 155: TP Link Corp. Ltd. - Overview
Exhibit 156: TP Link Corp. Ltd. - Product / Service
Exhibit 157: TP Link Corp. Ltd. - Key news
Exhibit 158: TP Link Corp. Ltd. - Key offerings
12.16 Vesync Co. Ltd.
Exhibit 159: Vesync Co. Ltd. - Overview
Exhibit 160: Vesync Co. Ltd. - Product / Service
Exhibit 161: Vesync Co. Ltd. - Key offerings
12.17 Wipro Ltd.
Exhibit 162: Wipro Ltd. - Overview
Exhibit 163: Wipro Ltd. - Business segments
Exhibit 164: Wipro Ltd. - Key news
Exhibit 165: Wipro Ltd. - Key offerings
Exhibit 166: Wipro Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 167: Inclusions checklist
Exhibit 168: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 169: Currency conversion rates for US$
13.4 Research methodology
Exhibit 170: Research methodology
Exhibit 171: Validation techniques employed for market sizing
Exhibit 172: Information sources
13.5 List of abbreviations
Exhibit 173: List of abbreviations