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Research analysis on the global smart-connected power plug socket market identifies that the rising preference for power-efficient accessories among the consumers will be one of the major factors that will have a positive impact on the growth of the market. Factors such as high efficiency rates at low operational cost have increased the need for power-efficient electronic devices, appliances, and accessories among consumers, especially in developed economies. Countries such as Germany, the US, the UK, France, and Canada have witnessed high awareness among consumers about power consumption of devices and accessories. Moreover, it has been observed that with the increasing standards for calibration of home appliances, vendors in china and India are selling power-efficient products. Also, the increasing electricity costs adds to the demand for power-saving appliances. This will raise the need for smart-connected power plug sockets during the forecast period. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.
The Americas will be the major revenue contributor of the smart-connected power plug socket market throughout the forecast period. The rise in demand for smart homes and internet connected appliances and increased adoption of smartphones will drive the market growth in the region.
The smart-connected power plug sockets market consists of global players and many regional players. Vendors are likely to offer innovative products and volume discounts to customers. These vendors are also compelled to develop new technologies and stay informed about developing technologies to maintain the competitive edge in the market.
The other prominent vendors in the market are adesso, BroadLink, ITEAD Intelligent Systems, Leviton Manufacturing, and SAFEMORE.
During 2016, the offline distribution channel segment accounted for the major shares of the smart-connected power plug socket market. Factors such as the increased preferance of consumers and expanding number of major retail stores will contribute to the growth of this industry segment in the coming years.
As per this market research report, Wi-Fi technology will hold the maximum share of the smart-connected power plug socket market until 2021. Features such as increased connectivity through smartphones or other internet-enabled devices through specific mobile applications will drive the growth of the Wi-Fi enabled power plug socket market in the coming years.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
PART 08: REGIONAL LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
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