MARKET INTRODUCTIONSmart plugs enable the user to control the devices by using a mobile phone application remotely. It helps to turn appliances on and off; however, when a smart plug is connected to a smart home, its applications become versatile. With the use of smart plugs, a user can convert any ordinary home appliance such as television, lamp, fan, and air conditioners among others into a smart appliance allowing smart features controllable from mobile devices.
MARKET DYNAMICSThe smart plug market growth is highly propelled with the increasing adoption of home automation as well as changing customer preferences towards smart home applications. Further, the rising demand for energy savings and convenient lifestyle is another significant factor bolstering the growth of the smart plug market. Also, IoT enabled electronic devices has resulted in controlling devices remotely, which in turn is propelling the demand for smart home devices thus, fueling the demand for smart plug market.
MARKET SCOPEThe "Global Smart Plug Market Analysis to 2027" is a specialized and in-depth study of the smart plug industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart plug market with detailed market segmentation by type, end-user, and geography. The global smart plug market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart plug market players and offers key trends and opportunities in the market.
MARKET SEGMENTATIONThe global smart plug market is segmented on the basis of type and end-user. Based on the type, the market is segmented into metering smart plug and timing smart plug. On the basis of the end-user, the market is segmented into residential and commercial.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart plug market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart plug market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart plug market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and SAM after evaluating political, economic, social and technological factors affecting the Smart Plug market in these regions.