Smart Plug Market Forecast Reveals Robust Growth: Bluetooth Products and Asia-Pacific Region Take Center Stage

Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Global Smart Plug Market by Product (Bluetooth, Wi-Fi), Type (Porous Plug, Three-Hole Plug, Two-Hole Plug), Technology, Application - Forecast 2024-2030" report has been added to's offering.

The global Smart Plug Market, already valued at an impressive USD 10.89 billion in 2023, is poised to reach new heights with a significant growth trajectory forecasted between 2024 and 2030. A recent research publication, now available on a prominent online repository, meticulously analyses and projects the market to expand at a remarkable Compound Annual Growth Rate (CAGR) of 44.21%, culminating in a mammoth USD 141.27 billion mark by the end of the decade.

The exhaustive study utilizes the innovative FPNV Positioning Matrix to deliver an authoritative evaluation of industry vendors, providing a 360-degree view of their business strategies and product satisfaction levels. This critical assessment is instrumental for stakeholders seeking to align their operational strategies with the market's evolving need.

Comprehensive Market Share Analysis within the report enhances the understanding of vendor performance, strategic positioning, and the dynamic competitive landscape. Insights into the various market share accumulation, fragmentation dominance, and amalgamation trends furnish companies with valuable foresight on potential market behavior.

Distinguished Key Company Profiles

A spotlight on the innovative contributions and developments of principal market players is a standout feature of the research. The dossier profiles a diverse group of vendors that are shaping the Smart Plug landscape, propelling the market forward with their technological and strategic innovations.

Companies Mentioned

  • Ankuoo Electronics Inc.
  • Ashtead Group PLC
  • Belkin International, Inc.
  • BroadLink Technology Co.,Ltd .
  • ConnectSense
  • D-Link Corporation
  • EDIMAX Technology Co. Ltd.
  • Etekcity Corporation
  • iHome Inc.
  • Lenovo Group Limited
  • Leviton Manufacturing Company, Inc.
  • Panasonic Holdings Corporation
  • SDI Technologies, Inc.
  • TP-Link Technologies Co., Ltd.
  • Xiaomi Inc.

Market Segmentation & Coverage is diligently addressed in the publication, classifying the Smart Plug Market according to various products such as Bluetooth and Wi-Fi enabled plugs, different plug types including porous, three-hole, and two-hole designs, as well as by technology adoption stages and applications. This segmentation promises stakeholders a detailed breakdown of the commercial, household, and industrial uses of smart plugs.

  • Market Penetration: Delve into exhaustive data on offerings by the foremost players in the Smart Plug spectrum.
  • Market Development: Insightful analysis on potential profitable markets coupled with a comprehensive study of mature segments.
  • Market Diversification: Detailed reporting on the proliferation of new products, untapped regions, development activities, and investment strategies.
  • Competitive Assessment & Intelligence: An extensive appraisal of market positions, product portfolios, certifications, patents, and manufacturing prowess of prominent players.
  • Product Development & Innovation: Forward-looking perspectives on forthcoming technologies, research & development endeavors, and pioneering product introductions.

The report aims to answer several pivotal questions pertaining to the size, share, and strategic approaches within the Smart Plug Market. It goes beyond the basics to examine technological trends, regulatory parameters, and the unfolding competitive tactics suited for entry and expansion within the market.

Key Attributes:

Report AttributeDetails
No. of Pages181
Forecast Period2024 - 2030
Estimated Market Value (USD) in 2024$15.65 Billion
Forecasted Market Value (USD) by 2030$141.27 Billion
Compound Annual Growth Rate44.2%
Regions CoveredGlobal

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Global Smart Plug Market

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