Global Smart Plug Market 2020-2024
Technavio has been monitoring the smart plug market and it is poised to grow by $ 13.99 bn during 2020-2024 progressing at a CAGR of 30% during the forecast period. Our reports on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high demand for remote access to appliances, use of connectivity as a differentiating feature by manufacturers, and energy efficiency as a motivating factor for consumers. In addition, the high demand for remote access to appliances is anticipated to boost the growth of the market as well.
The smart plug market analysis includes technology segment, end-user segment and geographic landscapes
Technavio's smart plug market is segmented as below:
- Early majority
- Early adopters
By Geographic landscapes
- North America
- South America
This study identifies the increasing demand for smart homes and development of smart cities as one of the prime reasons driving the smart plug market growth during the next few years.
Technavio 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. Our smart plug market covers the following areas:
- Smart plug market sizing
- Smart plug market forecast
- Smart plug market industry analysis
Technavio's 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 Belkin International Inc., D-Link Corp., EDIMAX Technology Co. Ltd., Etekcity Corp., Insteon, iSmart Alarm Inc., Leviton Manufacturing Co. Inc., Panasonic Corp., SDI Technologies Inc., and TP-Link Technologies 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 on 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.
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.