Market Overview:
The global smart Wi-Fi power strips market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart home devices and the growing trend of IoT. Additionally, the rising awareness about energy conservation is also propelling the growth of this market. The global smart Wi-Fi power strips market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into indoor power strip and outdoor power strip. The indoor segment is expected to account for a larger share in terms of revenue in 2018 owing to its growing popularity among consumers for powering multiple electronic devices simultaneously. By application, it can be classified into household, commercial, and industrial applications.
Product Definition:
A Smart Wi-Fi Power Strip is a power strip that includes Wi-Fi connectivity and can be controlled by a mobile app. The importance of Smart Wi-Fi Power Strips is that they can help to optimize energy usage in the home by allowing users to remotely turn off devices that are not in use.
Indoor Power Strip:
The global indoor power strip market size was valued at USD 6.2 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for Wi-Fi enabled devices such as smartphones, tablets, laptops and routers are projected to drive the industry growth over the next seven years.
Outdoor Power Strip:
Outdoor power strips are smart Wi-Fi enabled power strips that can be used for outdoor or indoor applications. These power strips have multiple sockets with varying plugs, which allows it to be used in different countries around the world. It is designed to work as a normal electrical outlet but when plug-in devices are attached to it, they will receive extra voltage and current from the main circuit of the strip.
Outdoor Power Strip.
Application Insights:
The household segment dominated the global smart Wi-Fi power strips market, accounting for more than 50.0% share of the overall revenue in 2017. The growth can be attributed to increasing adoption of smart home technology coupled with growing concerns regarding energy consumption and conservation. According to a study published by e27 Insights, nearly 60% of consumers are interested in adopting smart home technology that can control and monitor various aspects of daily life through internet-connected devices such as light switches, thermostats, etc. Furthermore, rising demand for Wi-Fi enabled power strips within households is expected to drive the product demand over the forecast period.
The commercial segment is expected witness significant growth over the forecast period owing to an increase in number of businesses opting for wireless connectivity along with their existing wired infrastructure at offices.
Regional Analysis:
The North American regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of smart devices, such as smartphones, tablets, and laptops; along with rapid development of high-tech gadgets. Moreover, presence of a large number of technology companies has led to increased penetration of Wi-Fi enabled products in daily life. This trend is projected to drive demand for smart Wi-Fi power strips in this region over the forecast period.
Asia Pacific regional market is anticipated expand at a CAGR exceeding 6% from 2018 to 2030 owing to rising consumer awareness regarding energy conservation coupled with growing disposable income levels in developing countries like India and China. Furthermore, increasing government initiatives on providing free internet access are expected drive demand for these power strips over the next eight years (2018 - 2030). For instance.
Growth Factors:
- Increasing demand for smart home devices
- Rising awareness about the benefits of using smart Wi-Fi power strips
- Growing number of online retail stores selling these products
- Availability of a wide range of products to choose from
- Increasing adoption by small businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wi-Fi Power Strips Market Research Report
By Type
Indoor Power Strip, Outdoor Power Strip
By Application
Household, Commercial, Industrial
By Companies
TP-Link(Kasa Smart), Felion Technologies Company Limited(Vocolinc), D-Link, Aracky, Belkin, Lasco, Lanberg, Teckin, Acme, Gosund, Mylumii, Lexsong, ConnectSense, LeFun
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wi-Fi Power Strips Market Report Segments:
The global Smart Wi-Fi Power Strips market is segmented on the basis of:
Types
Indoor Power Strip, Outdoor Power Strip
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TP-Link(Kasa Smart)
- Felion Technologies Company Limited(Vocolinc)
- D-Link
- Aracky
- Belkin
- Lasco
- Lanberg
- Teckin
- Acme
- Gosund
- Mylumii
- Lexsong
- ConnectSense
- LeFun
Highlights of The Smart Wi-Fi Power Strips Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Indoor Power Strip
- Outdoor Power Strip
- By Application:
- Household
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Wi-Fi Power Strips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Wi-Fi Power Strips are a type of power strip that can be controlled using your smartphone. This allows you to turn devices on and off, adjust the brightness and volume, and more.
Some of the major companies in the smart wi-fi power strips market are TP-Link(Kasa Smart), Felion Technologies Company Limited(Vocolinc), D-Link, Aracky, Belkin, Lasco, Lanberg, Teckin, Acme, Gosund, Mylumii, Lexsong, ConnectSense, LeFun.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Wi-Fi Power Strips Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Wi-Fi Power Strips Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Wi-Fi Power Strips Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Wi-Fi Power Strips Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Wi-Fi Power Strips Market Size & Forecast, 2020-2028
4.5.1 Smart Wi-Fi Power Strips Market Size and Y-o-Y Growth
4.5.2 Smart Wi-Fi Power Strips Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Indoor Power Strip
5.2.2 Outdoor Power Strip
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Wi-Fi Power Strips Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Wi-Fi Power Strips Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Indoor Power Strip
9.6.2 Outdoor Power Strip
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Indoor Power Strip
10.6.2 Outdoor Power Strip
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Indoor Power Strip
11.6.2 Outdoor Power Strip
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Indoor Power Strip
12.6.2 Outdoor Power Strip
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Indoor Power Strip
13.6.2 Outdoor Power Strip
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Wi-Fi Power Strips Market: Competitive Dashboard
14.2 Global Smart Wi-Fi Power Strips Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TP-Link(Kasa Smart)
14.3.2 Felion Technologies Company Limited(Vocolinc)
14.3.3 D-Link
14.3.4 Aracky
14.3.5 Belkin
14.3.6 Lasco
14.3.7 Lanberg
14.3.8 Teckin
14.3.9 Acme
14.3.10 Gosund
14.3.11 Mylumii
14.3.12 Lexsong
14.3.13 ConnectSense
14.3.14 LeFun
