Smart Plug Market with Impact of COVID-19 Highlights (series)| The High Demand For Remote Access To Appliances to boost the Market Growth


Technavio has been monitoring the smart plug market and it is poised to grow by $ 13.99 bn during 2020-2024, progressing at a CAGR of 30% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Smart Plug Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts[2]

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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The high demand for remote access to appliances has been instrumental in driving the growth of the market. However, security concerns associated with smart plugs and IoT might hamper the market growth.

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

To learn more about the global trends impacting the future of market research, download a free sample:[4]

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[5] report covers the following areas:

  • Smart Plug Market Size
  • Smart Plug Market Trends
  • Smart Plug Market Industry Analysis

This study identifies 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
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the 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

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology Adopters

  • Market segments
  • Comparison by Technology Adopters
  • 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 Adopters

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
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • 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.


  • 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 focus 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, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 07/07/2020 03:00 AM/DISC: 07/07/2020 03:00 AM

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