Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wireless Smart Plug Market by Type (Bluetooth, Wi-Fi), By Application (Household Use, Commercial Use, Industrial Use) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wireless Smart Plug Market by Type (Bluetooth, Wi-Fi), By Application (Household Use, Commercial Use, Industrial Use) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 453218 4200 Consumer Goods 377 207 Pages 4.9 (45)
                                          

Market Overview:


The global wireless smart plug market is expected to grow at a CAGR of 10.5% 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 awareness about energy conservation among consumers. In addition, the increasing adoption of IoT-enabled devices is also contributing to the growth of this market. The global wireless smart plug market can be segmented on the basis of type into Bluetooth and Wi-Fi plugs. The Bluetooth plugs segment is expected to account for a larger share of the global wireless smart plug market than Wi-Fi plugs during the forecast period. This can be attributed to their low cost and easy installation as compared with Wi-Fi plugs. On the basis of application,the global wireless smart plugmarket can be divided into household use, commercial use, and industrial use segments.


Global Wireless Smart Plug Industry Outlook


Product Definition:


A wireless smart plug is a type of outlet adapter that allows you to control devices plugged into it remotely.


The importance of a wireless smart plug is that it can help you save energy and money by allowing you to turn off devices when they're not in use.


Bluetooth:


Bluetooth is a wireless technology used for connecting electronic devices, most commonly mobile phones and personal computers. It also enables the connection of peripherals, such as printers and scanners, to the PC via USB or FireWire cable. Bluetooth allows devices to communicate with each other as well as with the PC over a short distance. The technology has been around for more than five years but only recently has it started gaining widespread acceptance among consumers and businesses; its potential applications are still being explored commercially.


Wi-Fi:


Wi-Fi is a wireless technology used in personal and commercial areas for communication and networking. It provides access to the internet, information, entertainment services along with other applications. Wi-Fi has become an integral part of our daily lives; it enables us to perform various tasks irrespective of the distance. Smart plugs are electronic devices that are used to control electrical equipment such as HVAC systems, smart appliances, television sets among others from a remote location using mobile or computers.


Application Insights:


The commercial use segment dominated the global wireless smart plug market in terms of revenue share in 2017. This can be attributed to growing adoption of these devices for energy management, security and convenience at hotels, hospitals and corporate offices. The household use segment is expected to witness a significant growth rate over the forecast period owing to rising demand for entertainment systems, appliances and lighting controlled remotely from a smartphone app.


For instance; In April 2018; ecobee4 smart plug was launched by ecobee Inc., an American company that provides thermostats with Alexa integration. The product is compatible with Amazon Echo speakers as well as Google Home speakers which enables control of various connected home devices through voice command system without touching or looking at them (similarly working bulbs). Such trends are expected to drive the growth of this application segment over the forecast period.


Regional Analysis:


The market in Asia Pacific and MEA is anticipated to grow at a significant rate over the forecast period. The growth can be attributed to increasing disposable income, changing lifestyles, and rising demand for energy-efficient devices. Moreover, the growing adoption of smartphones and wireless technologies will drive the regional market further. Increasing penetration of electricity supply through electric wires is also expected to boost product demand in this region.


North America was estimated as one of the largest regional markets in 2017 owing to early technology adoption by consumers; however, slow growth in consumer spending capacity may hinder future growth prospects for this industry over time. Europe accounted for more than 25% share of global revenue due to early technology acceptance by consumers coupled with high disposable income across countries such as Germany and U.K., which are majorly driving force behind regional industry expansion efforts over past few years  (2016-2017).


Growth Factors:


  • Increasing demand for smart home devices
  • Rising disposable income of consumers
  • Proliferation of wireless technology
  • Growing awareness about the benefits of smart plugs
  • Entry of new players in the market

Scope Of The Report

Report Attributes

Report Details

Report Title

Wireless Smart Plug Market Research Report

By Type

Bluetooth, Wi-Fi

By Application

Household Use, Commercial Use, Industrial Use

By Companies

Etekcity, Insteon, iSmartAlarm, SDI Technologies, Belkin International, Broadlink, BULL, Haier, Leviton, Panasonic, EDIMAX Technology, D-Link

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

207

Number of Tables & Figures

145

Customization Available

Yes, the report can be customized as per your need.


Global Wireless Smart Plug Market Report Segments:

The global Wireless Smart Plug market is segmented on the basis of:

Types

Bluetooth, Wi-Fi

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 Use, Commercial Use, Industrial Use

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:

  1. Etekcity
  2. Insteon
  3. iSmartAlarm
  4. SDI Technologies
  5. Belkin International
  6. Broadlink
  7. BULL
  8. Haier
  9. Leviton
  10. Panasonic
  11. EDIMAX Technology
  12. D-Link

Global Wireless Smart Plug Market Overview


Highlights of The Wireless Smart Plug Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Bluetooth
    2. Wi-Fi
  1. By Application:

    1. Household Use
    2. Commercial Use
    3. Industrial Use
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Wireless Smart Plug 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Wireless Smart Plug Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A Wireless Smart Plug is a plug that can be controlled wirelessly from a distance. This allows you to turn devices on and off from anywhere in your home without having to get up close and personal.

Some of the major companies in the wireless smart plug market are Etekcity, Insteon, iSmartAlarm, SDI Technologies, Belkin International, Broadlink, BULL, Haier, Leviton, Panasonic, EDIMAX Technology, D-Link.

The wireless smart plug market is expected to register a CAGR of 10.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Smart Plug 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 Wireless Smart Plug Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Wireless Smart Plug 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 Wireless Smart Plug 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 Wireless Smart Plug Market Size & Forecast, 2020-2028       4.5.1 Wireless Smart Plug Market Size and Y-o-Y Growth       4.5.2 Wireless Smart Plug 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 Bluetooth
      5.2.2 Wi-Fi
   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 Use
      6.2.2 Commercial Use
      6.2.3 Industrial Use
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Wireless Smart Plug 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 Wireless Smart Plug 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 Bluetooth
      9.6.2 Wi-Fi
   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 Use
      9.10.2 Commercial Use
      9.10.3 Industrial Use
   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 Bluetooth
      10.6.2 Wi-Fi
   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 Use
      10.10.2 Commercial Use
      10.10.3 Industrial Use
   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 Bluetooth
      11.6.2 Wi-Fi
   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 Use
      11.10.2 Commercial Use
      11.10.3 Industrial Use
   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 Bluetooth
      12.6.2 Wi-Fi
   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 Use
      12.10.2 Commercial Use
      12.10.3 Industrial Use
   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 Bluetooth
      13.6.2 Wi-Fi
   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 Use
      13.10.2 Commercial Use
      13.10.3 Industrial Use
   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 Wireless Smart Plug Market: Competitive Dashboard
   14.2 Global Wireless Smart Plug Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Etekcity
      14.3.2 Insteon
      14.3.3 iSmartAlarm
      14.3.4 SDI Technologies
      14.3.5 Belkin International
      14.3.6 Broadlink
      14.3.7 BULL
      14.3.8 Haier
      14.3.9 Leviton
      14.3.10 Panasonic
      14.3.11 EDIMAX Technology
      14.3.12 D-Link

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