NEW YORK, June 10, 2021 /PRNewswire/ -Technavio has been
monitoring the smart plug market and it is poised to grow by
USD 13.99 billion during
2020-2024, progressing at a CAGR of almost 30%
during the forecast period. The report offers an up-to-date
analysis regarding the current market scenario, latest trends and
drivers, and the overall market environment.
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Frequently Asked Questions:
- Based on segmentation by technology, which is the leading
segment in the market?
Based on the technology, the market witnessed maximum growth in
the early majority segment in 2019.
- What are the major trends in the market?
The increasing demand for smart homes and the development of
smart cities is the major trend in the market.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 30% during
the forecast period.
- Who are the top players in the market?
Belkin International Inc., D-Link Corp., EDIMAX Technology Co.
Ltd., Etekcity Corp., Insteon, iSmart Alarm Inc., Leviton
Manufacturing Co. Inc., Panasonic Corp., SDI Technologies Inc., and
TP-Link Technologies Co. Ltd. are the top players in the
market.
- What is the key market driver?
The market is driven by the high demand for remote access to
appliances.
- How big is the North American market?
North America dominated the market
with a 33% share in 2019.
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The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Belkin International Inc.,
D-Link Corp., EDIMAX Technology Co. Ltd., Etekcity Corp., Insteon,
iSmart Alarm Inc., Leviton Manufacturing Co. Inc., Panasonic Corp.,
SDI Technologies Inc., and TP-Link Technologies Co. Ltd. are some
of the major market participants. The high demand for remote access
to appliances will offer immense growth opportunities for the
market vendors. In a bid to help players strengthen their market
foothold, this smart plug market forecast report provides a
detailed analysis of the leading market vendors. The report also
empowers industry honchos with information on the competitive
landscape and insights into the different product offerings offered
by various companies.
Technavio's custom research reports offer detailed
insights on the impact of COVID-19 at an industry level, a regional
level, and subsequent supply chain operations. This customized
report will also help clients keep up with new product launches in
direct & indirect COVID-19 related markets, upcoming vaccines
and pipeline analysis, and significant developments in vendor
operations and government regulations.
Smart Plug Market 2020-2024: Segmentation
Smart Plug Market is segmented as below:
- Technology
-
- Early Majority
- Innovator
- Early Adopters
- End-user
-
- Geography
-
- North America
- Europe
- APAC
- MEA
- South America
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impacting the future of market research, download a free
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Smart Plug Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way
of study, synthesis, and summation of data from multiple sources.
The smart plug market report covers the following
areas:
- Smart Plug Market Size
- Smart Plug Market Trends
- Smart Plug Market Industry Analysis
This study identifies the increasing demand for smart homes and
the development of smart cities as one of the prime reasons
driving the Smart Plug Market growth during the next few
years.
Technavio suggests three forecast scenarios
(optimistic, probable, and pessimistic) considering the impact of
COVID-19. Technavio's in-depth research has direct and indirect
COVID-19 impacted market research reports.
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Smart Plug Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart plug
market growth during the next five years
- Estimation of the smart plug market size and its
contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the smart plug market across North America, Europe, APAC, MEA, and South America
- Analysis of the market's competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of smart plug market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Early majority - Market size and forecast 2019-2024
- Innovator - Market size and forecast 2019-2024
- Early adopters - Market size and forecast 2019-2024
- Market opportunity by Technology
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size
and forecast 2019-2024
- Europe - Market size and
forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size
and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Belkin International Inc.
- D-Link Corp.
- EDIMAX Technology Co. Ltd.
- Etekcity Corp.
- Insteon
- iSmart Alarm Inc.
- Leviton Manufacturing Co. Inc.
- Panasonic Corp.
- SDI Technologies Inc.
- TP-Link Technologies Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
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relies on Technavio's comprehensive coverage, extensive research,
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existing and potential markets and assess their competitive
positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report:
www.technavio.com/report/smart-plug-market-industry-analysis
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