Frequently Asked Questions:
- Based on segmentation by technology, which segment is the market leader?
On the basis of technology, the market saw maximum growth in the early majority segment in 2019.
- What are the major market trends?
The growing demand for smart homes and the development of smart cities is the major trend in the market.
- How fast should the market grow?
The market is expected to grow at a CAGR of nearly 30% during the forecast period.
- Who are the main 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 main players in the market.
- What is the main driver of the market?
The market is driven by strong demand for remote access to devices.
- What is the size of 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 players in the market. Strong demand for remote access to devices will provide immense growth opportunities for market vendors. With the aim of helping players to strengthen their presence in the market, this Smart Sockets Market forecast report provides a detailed analysis of the major vendors in the market. The report also gives industry leaders insight into the competitive landscape and insight into the various product offerings offered by various companies.
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Smart Plug Market 2020-2024: Segmentation
The smart plug market is segmented as follows:
- Early majority
- Early adopters
- Final user
- North America
- South America
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Smart Plug Market 2020-2024: Scope
Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The Smart Sockets Market report covers the following areas:
- Smart Plug Market Size
- Smart plug market trends
- Industry Analysis of the Smart Plug Market
This study identifies the increasing demand for smart homes and the development of smart cities as one of the major reasons for the growth of the Smart Plug market in the coming years.
Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.
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Smart Plug Market 2020-2024: Highlights
- Market CAGR during the forecast period 2020-2024
- Detailed information on the factors that will contribute to the growth of the smart plug market over the next five years
- Estimation of smart plug market size and its contribution to parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart plug market through North America, Europe, APAC, MEA and South America
- Market competitive landscape analysis and detailed supplier information
- Complete details on the factors that will challenge the growth of Smart Plug Market vendors
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market Outlook: Forecast for 2019 – 2024
Five forces analysis
- The bargaining power of buyers
- Bargaining power of suppliers
- The threat of new participants
- The threat of substitutes
- Threat of rivalry
- State of the market
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
- 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
- Main leading countries
- Market opportunity by geography
Drivers, challenges and trends
- Market factors
- Market challenges
- Market trends
- Landscape disturbance
- Covered suppliers
- Positioning of sellers in the market
- Belkin International Inc.
- D-Link Corp.
- EDIMAX Technology Co. Ltd.
- Etekcity Corp.
- ISmart Alarm Inc.
- Leviton Manufacturing Co. Inc.
- Panasonic Corp.
- SDI Technologies Inc.
- TP-Link Technologies Co. Ltd.
- Scope of the report
- Currency conversion rates for US $
- Research methodology
- Abreviations list
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