Global Smart Plug Market 2020-2024 2020-2024

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:

By Technology

  • Early majority
  • Innovator
  • Early adopters
By End-user
  • Residential
  • Commercial
By Geographic landscapes
  • North America
  • Europe
  • APAC
  • MEA
  • 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.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Consumer Electronics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Technology Adopters
    • Market segments
      • Table Technology adopters - Market share 2019-2024 (%)
    • Comparison by Technology Adopters
      • Table Comparison by Technology Adopters
    • Early majority - Market size and forecast 2019- 2024
      • Table Early majority - Market size and forecast 2019-2024 ($ million)
      • Table Early majority - Year-over-year growth 2019-2024 (%)
    • Innovator - Market size and forecast 2019-2024
      • Table Innovator - Market size and forecast 2019-2024 ($ million)
      • Table Innovator - Year-over-year growth 2019-2024 (%)
    • Early adopters - Market size and forecast 2019- 2024
      • Table Early adopters - Market size and forecast 2019-2024 ($ million)
      • Table Early adopters - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Technology Adopters
      • Table Market opportunity by Technology Adopters
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2019-2024 (%)
    • Comparison by End-user
      • Table Comparison by End-user
    • Residential - Market size and forecast 2019-2024
      • Table Residential - Market size and forecast 2019-2024 ($ million)
      • Table Residential - Year-over-year growth 2019-2024 (%)
    • Commercial - Market size and forecast 2019-2024
      • Table Commercial - Market size and forecast 2019-2024 ($ million)
      • Table Commercial - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography
  • Drivers, Challenges, and Trends
    • Volume drivers - Demand led growth
      • High demand for remote access to appliances
      • Use of connectivity as a differentiating feature by manufacturers
      • Energy efficiency as a motivating factor for consumers
      • Growing demand for energy-efficient appliances
    • Market challenges
      • Security concerns associated with smart plugs and IoT
      • Lack of technological exposure and awareness hindering mass adoption of smart plugs
      • Standardization of communication protocol
      • High cost of smart plugs
        • Table Impact of drivers and challenges
    • Market trends
      • Promotion of smart plugs through trade exhibitions
      • Increasing demand for smart homes and development of smart cities
      • Competition from built-in smart appliances
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Belkin International Inc.
      • Table Belkin International Inc. - Overview
      • Table Belkin International Inc. - Product and service
      • Table Belkin International Inc. - Key news
      • Table Belkin International Inc. - Key offerings
    • D-Link Corp.
      • Table D-Link Corp. - Overview
      • Table D-Link Corp. - Business segments
      • Table D-Link Corp. - Key news
      • Table D-Link Corp. - Key offerings
    • EDIMAX Technology Co. Ltd.
      • Table EDIMAX Technology Co. Ltd. - Overview
      • Table EDIMAX Technology Co. Ltd. - Product and service
      • Table EDIMAX Technology Co. Ltd. - Key news
      • Table EDIMAX Technology Co. Ltd. - Key offerings
    • Etekcity Corp.
      • Table Etekcity Corp. - Overview
      • Table Etekcity Corp. - Product and service
      • Table Etekcity Corp. - Key offerings
    • Insteon
      • Table Insteon - Overview
      • Table Insteon - Product and service
      • Table Insteon - Key offerings
    • iSmart Alarm Inc.
      • Table iSmart Alarm Inc. - Overview
      • Table iSmart Alarm Inc. - Product and service
      • Table iSmart Alarm Inc. - Key offerings
    • Leviton Manufacturing Co. Inc.
      • Table Leviton Manufacturing Co. Inc. - Overview
      • Table Leviton Manufacturing Co. Inc. - Product and service
      • Table Leviton Manufacturing Co. Inc. - Key news
      • Table Leviton Manufacturing Co. Inc. - Key offerings
    • Panasonic Corp.
      • Table Panasonic Corp. - Overview
      • Table Panasonic Corp. - Business segments
      • Table Panasonic Corp. - Key news
      • Table Panasonic Corp. - Key offerings
      • Table Panasonic Corp. - Segment focus
    • SDI Technologies Inc.
      • Table SDI Technologies Inc. - Overview
      • Table SDI Technologies Inc. - Product and service
      • Table SDI Technologies Inc. - Key news
      • Table SDI Technologies Inc. - Key offerings
    • TP-Link Technologies Co. Ltd.
      • Table TP-Link Technologies Co. Ltd. - Overview
      • Table TP-Link Technologies Co. Ltd. - Product and service
      • Table TP-Link Technologies Co. Ltd. - Key news
      • Table TP-Link Technologies Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market Definition
      • Objective
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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