Global Smart Plug Market 2022-2026

Global Smart Plug Market 2022-2026

Technavio has been monitoring the smart plug market and it is poised to grow by $ 6.39 bn during 2022-2026, accelerating at a CAGR of 29.7% during the forecast period. Our report on the smart plug market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by energy efficiency as a motivating factor for consumers.

The smart plug market analysis includes the technology and end-user segments and geographic landscape.

Technavio's smart plug market is segmented as below:

By Technology

  • Early majority
  • Innovator
  • Early adopters
By End-user
  • Residential
  • Commercial
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • The 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 demand for smart homes and the development of smart cities, and competition from built-in smart appliances will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the 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 Ankuoo Electronics Inc, Belkin International Inc, D Link Corp, Edimax Technology Co Ltd, Halonix Technologies Pvt Ltd, Hangzhou BroadLink Technology Co Ltd, Indiegogo Inc., Insteon Technologies LLC, ITEAD Intelligent Systems Co. Ltd, Lenovo Group Ltd., Leviton Manufacturing Co. Inc., Panasonic Corp, Revogi Innovation Co. Ltd., Satechi LLC, SDI Technologies Inc., 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 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 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 accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Technology
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Technology
    • Market segments
      • Table Chart on Technology - Market share 2021-2026 (%)
      • Table Data Table on Technology - Market share 2021-2026 (%)
    • Comparison by Technology
      • Table Chart on Comparison by Technology
      • Table Data Table on Comparison by Technology
    • Early majority - Market size and forecast 2021-2026
      • Table Chart on Early majority - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Early majority - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Early majority - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Early majority - Year-over-year growth 2021-2026 (%)
    • Innovator - Market size and forecast 2021-2026
      • Table Chart on Innovator - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Innovator - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Innovator - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Innovator - Year-over-year growth 2021-2026 (%)
    • Early adopters - Market size and forecast 2021-2026
      • Table Chart on Early adopters - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Early adopters - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Early adopters - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Early adopters - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2021-2026 (%)
      • Table Data Table on End-user - Market share 2021-2026 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Residential - Market size and forecast 2021-2026
      • Table Chart on Residential - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Residential - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • Commercial - Market size and forecast 2021-2026
      • Table Chart on Commercial - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • Japan - Market size and forecast 2021-2026
      • Table Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • UK - Market size and forecast 2021-2026
      • Table Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Table Chart on UK - Year-over-year growth 2021-2026 (%)
      • Table Data Table on UK - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • 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
      • Lack of technological exposure and awareness hindering mass adoption of smart plugs
      • Standardization of communication protocol
      • High cost of smart plugs
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • 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 Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Belkin International Inc
      • Table Belkin International Inc - Overview
      • Table Belkin International Inc - Product / 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
      • Table D Link Corp - Segment focus
    • Edimax Technology Co Ltd
      • Table Edimax Technology Co Ltd - Overview
      • Table Edimax Technology Co Ltd - Business segments
      • Table Edimax Technology Co Ltd - Key offerings
      • Table Edimax Technology Co Ltd - Segment focus
    • Hangzhou BroadLink Technology Co Ltd
      • Table Hangzhou BroadLink Technology Co Ltd - Overview
      • Table Hangzhou BroadLink Technology Co Ltd - Product / Service
      • Table Hangzhou BroadLink Technology Co Ltd - Key news
      • Table Hangzhou BroadLink Technology Co Ltd - Key offerings
    • Indiegogo Inc.
      • Table Indiegogo Inc. - Overview
      • Table Indiegogo Inc. - Product / Service
      • Table Indiegogo Inc. - Key news
      • Table Indiegogo Inc. - Key offerings
    • Lenovo Group Ltd.
      • Table Lenovo Group Ltd. - Overview
      • Table Lenovo Group Ltd. - Business segments
      • Table Lenovo Group Ltd. - Key offerings
      • Table Lenovo Group Ltd. - Segment focus
    • Leviton Manufacturing Co. Inc.
      • Table Leviton Manufacturing Co. Inc. - Overview
      • Table Leviton Manufacturing Co. Inc. - Product / Service
      • 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
    • TP Link Corp. Ltd
      • Table TP Link Corp. Ltd - Overview
      • Table TP Link Corp. Ltd - Product / Service
      • Table TP Link Corp. Ltd - Key news
      • Table TP Link Corp. Ltd - Key offerings
    • Wipro Ltd
      • Table Wipro Ltd - Overview
      • Table Wipro Ltd - Business segments
      • Table Wipro Ltd - Key news
      • Table Wipro Ltd - Key offerings
      • Table Wipro Ltd - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • 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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