Smart-Connected Power Plug Socket

Smart-Connected Power Plug Socket

Global Smart-Connected Power Plug Sockets Market to Reach $140.6 Million by 2027

In the changed post COVID-19 business landscape, the global market for Smart-Connected Power Plug Sockets estimated at US$97.8 Million in the year 2020, is projected to reach a revised size of US$140.6 Million by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Wi-Fi Connectivity, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$110.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bluetooth Connectivity segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $28.3 Million, While China is Forecast to Grow at 4.9% CAGR

The Smart-Connected Power Plug Sockets market in the U.S. is estimated at US$28.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$24.7 Million by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Zigbee Connectivity Segment to Record 4% CAGR

In the global Zigbee Connectivity segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.5 Million in the year 2020 will reach a projected size of US$6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 22 Featured) -

• ABB Ltd.
• Adesso
• Aeon Labs
• Azpen Innovation
• Belkin International
• BroadLink
• D-Link Systems
• Emerson Electric Co
• General Electric Co
• Honeywell International
• ITEAD Intelligent Systems
• Leviton Manufacturing
• Orange
• Safemore
• Schneider Electric SE
• Siemens AG
• Smartplug Systems
• ZigBee

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