Smart Plug Market Emerging Trends 2027 – Key Companies Belkin International, Broadlink, D-Link, EDIMAX Technology, Etekcity, Insteon, Leviton Manufacturing Company and Panasonic
Smart 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.
The 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.
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Top Leading Market Players:
1. Belkin International
3. D-Link Corporation
4. EDIMAX Technology
7. Leviton Manufacturing Company, Inc.
8. Panasonic Corporation
9. SDI Technologies Inc. (iHome)
10. TP-Link Technologies Co., Ltd.
Smart Plug Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years.
Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
The Smart Plug Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period.
Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Smart Plug Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Smart Plug, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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