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Global Smart-Connected Power Plug Socket Market 2017-2021

  • Published: Oct 2017
  • Pages: 83
  • SKU: IRTNTR15557
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This industry research report identifies Aeon Labs, Azpen Innovation, Belkin International, D-Link Systems, and Honeywell International as the key vendors in the global smart-connected power plug socket market. A comprehensive analysis of this market is also presented by distribution channel (offline distribution channel and online distribution), by technology (Wi-Fi, Bluetooth, and others), and by geography (the Americas, APAC, and EMEA).

Overview of the global smart-connected power plug socket market

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.

Competitive landscape and key vendors  

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 leading vendors in the market are –

  • Aeon Labs
  • Azpen Innovation
  • Belkin International
  • D-Link Systems
  • Honeywell International

The other prominent vendors in the market are adesso, BroadLink, ITEAD Intelligent Systems, Leviton Manufacturing, and SAFEMORE.

Segmentation by distribution channel and analysis of the smart-connected power plug socket market

  • Offline distribution channel
  • Online distribution channel

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.

Segmentation by technology and analysis of the smart-connected power plug socket market

  • Wi-Fi
  • Bluetooth

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.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global smart-connected power plug socket market?
  • What are the key market trends impacting the growth of the global smart-connected power plug socket market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global smart-connected power plug socket market?
  • What are the market opportunities and threats faced by the vendors in the global smart-connected power plug socket market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global smart-connected power plug socket market?

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Global smart-connected power plug sockets market
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Global power plug sockets market by distribution channel
  • Global smart-connected power plug sockets market through offline distribution channel
  • Global smart-connected power plug sockets market through online distribution channel

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

  • Global power plug sockets market by technology
  • Comparison by technology
  • Wi-Fi – Market size and forecast
  • Bluetooth – Market size and forecast
  • Others – Market size and forecast
  • Market opportunity by technology

PART 08: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Americas – Market size and forecast
  • EMEA – Market size and forecast
  • APAC – Market size and forecast
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Digital marketing and social media campaigns
  • Growing online sales of smart-connected power plugs sockets
  • Product portfolio expansion of manufacturers in emerging markets

PART 12: VENDOR LANDSCAPE

  • Competitive scenario
  • Competitive strategy
  • Aeon Labs
  • Azpen Innovation
  • Belkin International
  • D-Link Systems
  • Honeywell International
  • Other prominent vendors

PART 13: VENDOR ANALYSIS

  • Vendor overview
  • Comparative analysis of key vendors

PART 14: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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