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.
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:
- Etekcity
- Insteon
- iSmartAlarm
- SDI Technologies
- Belkin International
- Broadlink
- BULL
- Haier
- Leviton
- Panasonic
- EDIMAX Technology
- D-Link
Highlights of The Wireless Smart Plug 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:
- Bluetooth
- Wi-Fi
- By Application:
- Household Use
- Commercial Use
- Industrial Use
- 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 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
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?
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