Smart Plug Market Share 2020, Global Industry Research Report, Top Companies Analysis 2027

 Smart plugs are power receptacle devices that plug into traditional electrical outlet and integrate into smart home. Rise in disposable income of customers and change in lifestyle are further projected to accelerate the global smart plug market in coming years. Increase in adoption of energy efficient home appliances and innovative product in smart homes will drive the market growth.

Increase in technological advancements and investments by prominent players are the key driving factors which are expected to boost the global smart plug market growth. Furthermore, growing need of consumers for a convenient lifestyle, advancements in the IoT framework, and improved energy saving will have the positive impact on market growth. Moreover, smart devices are becoming popular due to benefits such as remote control, remote monitoring, and other features enabling cost savings and convenience will propel the market growth during this forecast period. Also, implementation of smart homes due to government initiatives to enhance standard of living, will significantly grow global smart plug market.

However, security concerns associated with smart plugs are the major restraining factors which are expected to hamper the global smart plug market growth.

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Smart Plug Market Segmentation

Global Smart Plug Market is segmented into technology such as Bluetooth, and Wi-Fi. Further, market is segmented into end user such as Automotive, Healthcare, Aerospace & Defense, Power & Energy, Consumer Electronics, IT & Telecommunication, Industrial, and Others.

Also, Global Smart Plug Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

 Top Key Players

Various key players are discussed in this report such as Panasonic, Belkin International, Insteon, Leviton, TP-Link, D-Link, Etekcity, SDI Technologies, iSmartAlarm, and EDIMAX Technology.

Market Segmentation

By Technology

·        Bluetooth

·        Wi-Fi

By End User

·        Automotive

·        Healthcare

·        Aerospace & Defense

·        Power & Energy

·        Consumer Electronics

·        IT & Telecommunication

·        Industrial

·        Others

By Region

·        North America

·        Latin America

·        Europe

·        Asia Pacific

·        Middle East & Africa

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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which help our clients outperform their competition.

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