The Asia Pacific Smart Plug Market would witness market growth of 33.0% CAGR during the forecast period (2022-2028).
Regulations governing the production and sale of smart plugs vary by region or nation. For instance, the smart plugs must go by the FCC Rules, which are constrained by specific requirements. The purpose of the FCC regulations is to prevent damaging interference with residential installation. The same norms and standards that apply to plug receptacles that have been installed also apply to smart plugs (outlets). A few smart plug models go above and beyond the minimal requirements for safety.
In the case of power spikes or other electric occurrences that could harm items using that plug, smart plugs have automated shut-off features. Smart plugs improve the safety of conventional plugs in numerous ways for many houses. The majority of smart plug manufacturers advise against utilizing a conventional power strip and extra extension with a smart plug and instead advise plugging devices straight into the smart plug unit. For example, a utilizing g plug with a regular power strip that has several extension cables plugged into it will probably cause the smart plug to turn off to avoid a fire hazard.
The third-largest electricity producer in the world is India. At the end of March 2022, India's national electric grid had an installed capacity of 399.467 GW. Large hydroelectric facilities are included in the category of renewable power plants, which make up 39.2% of the installed capacity. The gross electricity produced by utilities in India for the fiscal year (FY) 2019–20 was 1,383.5 TWh, and the nation as a whole produced 1,598 TWh of energy (utilities and nonutility together). In FY2019, there was gross power consumption of 1,208 kWh per person. The world's greatest electric energy use in agriculture was noted in FY2015. Despite India having a low electricity tariff, per capita electricity usage is low compared to most other countries.
The China market dominated the Asia Pacific Smart Plug Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $113.6 million by 2028. The Japan market is estimated to grow at a CAGR of 32.3% during (2022 - 2028). Additionally, The India market would display a CAGR of 33.9% during (2022 - 2028).
Based on Product, the market is segmented into Wi-Fi and Bluetooth. Based on Application, the market is segmented into Household, Commercial, and Industrial. The report also covers geographical segmentation of Smart Plug market. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Plug Market is Projected to reach USD 1.4 Billion by 2028, at a CAGR of 32.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Xiaomi Corporation, Panasonic Corporation, Belkin International, Inc., D-Link Corporation, Lenovo Group Limited, Etekcity Corporation, Ashtead Group PLC, Leviton Manufacturing Co., Inc., TP-Link Technologies Co. Ltd., and SDI Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Application
- Household
- Commercial
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Xiaomi Corporation
- Panasonic Corporation
- Belkin International, Inc.
- D-Link Corporation
- Lenovo Group Limited
- Etekcity Corporation
- Ashtead Group PLC
- Leviton Manufacturing Co., Inc.
- TP-Link Technologies Co. Ltd.
- SDI Technologies, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Plug Market, by Product
1.4.2 Asia Pacific Smart Plug Market, by Application
1.4.3 Asia Pacific Smart Plug Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Strategies deployed in Smart plug market
Chapter 4. Asia Pacific Smart Plug Market by Product
4.1 Asia Pacific Wi-Fi Market by Country
4.2 Asia Pacific Bluetooth Market by Country
Chapter 5. Asia Pacific Smart Plug Market by Application
5.1 Asia Pacific Household Market by Country
5.2 Asia Pacific Commercial Market by Country
5.3 Asia Pacific Industrial Market by Country
Chapter 6. Asia Pacific Smart Plug Market by Country
6.1 China Smart Plug Market
6.1.1 China Smart Plug Market by Product
6.1.2 China Smart Plug Market by Application
6.2 Japan Smart Plug Market
6.2.1 Japan Smart Plug Market by Product
6.2.2 Japan Smart Plug Market by Application
6.3 India Smart Plug Market
6.3.1 India Smart Plug Market by Product
6.3.2 India Smart Plug Market by Application
6.4 South Korea Smart Plug Market
6.4.1 South Korea Smart Plug Market by Product
6.4.2 South Korea Smart Plug Market by Application
6.5 Singapore Smart Plug Market
6.5.1 Singapore Smart Plug Market by Product
6.5.2 Singapore Smart Plug Market by Application
6.6 Malaysia Smart Plug Market
6.6.1 Malaysia Smart Plug Market by Product
6.6.2 Malaysia Smart Plug Market by Application
6.7 Rest of Asia Pacific Smart Plug Market
6.7.1 Rest of Asia Pacific Smart Plug Market by Product
6.7.2 Rest of Asia Pacific Smart Plug Market by Application
Chapter 7. Company Profiles
7.1 Xiaomi Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Panasonic Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Belkin International Inc. (Foxconn)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.4 D-link Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.5 Lenovo Group Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 Etekcity Corporation (Vesync Co., Ltd.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Ashtead Group PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.8 Leviton Manufacturing Co., Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Product Launches and Product Expansions:
7.9 TP-Link Technologies Co. Ltd.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.9.2.2 Business Expansions:
7.10. SDI Technologies, Inc.
7.10.1 Company Overview
TABLE 1 Asia Pacific Smart Plug Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Smart Plug Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Bluetooth Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Bluetooth Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Household Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Household Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Smart Plug Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Smart Plug Market by Country, 2022 - 2028, USD Million
TABLE 19 China Smart Plug Market, 2018 - 2021, USD Million
TABLE 20 China Smart Plug Market, 2022 - 2028, USD Million
TABLE 21 China Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 22 China Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 23 China Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 24 China Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 25 Japan Smart Plug Market, 2018 - 2021, USD Million
TABLE 26 Japan Smart Plug Market, 2022 - 2028, USD Million
TABLE 27 Japan Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 28 Japan Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 29 Japan Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 30 Japan Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 31 India Smart Plug Market, 2018 - 2021, USD Million
TABLE 32 India Smart Plug Market, 2022 - 2028, USD Million
TABLE 33 India Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 34 India Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 35 India Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 36 India Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 37 South Korea Smart Plug Market, 2018 - 2021, USD Million
TABLE 38 South Korea Smart Plug Market, 2022 - 2028, USD Million
TABLE 39 South Korea Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 40 South Korea Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 41 South Korea Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 42 South Korea Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 43 Singapore Smart Plug Market, 2018 - 2021, USD Million
TABLE 44 Singapore Smart Plug Market, 2022 - 2028, USD Million
TABLE 45 Singapore Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 46 Singapore Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 47 Singapore Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 48 Singapore Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 49 Malaysia Smart Plug Market, 2018 - 2021, USD Million
TABLE 50 Malaysia Smart Plug Market, 2022 - 2028, USD Million
TABLE 51 Malaysia Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 52 Malaysia Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 53 Malaysia Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 54 Malaysia Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 55 Rest of Asia Pacific Smart Plug Market, 2018 - 2021, USD Million
TABLE 56 Rest of Asia Pacific Smart Plug Market, 2022 - 2028, USD Million
TABLE 57 Rest of Asia Pacific Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 58 Rest of Asia Pacific Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 61 Key Information – Xiaomi Corporation
TABLE 62 Key Information – Panasonic Corporation
TABLE 63 Key Information – Belkin International Inc.(Foxconn)
TABLE 64 Key Information – D-link Corporation
TABLE 65 Key Information – Lenovo Group Limited
TABLE 66 Key Information – Etekcity Corporation
TABLE 67 Key information – Ashtead Group PLC
TABLE 68 Key Information – Leviton Manufacturing Co., Inc.
TABLE 69 Key Information – TP-Link Technologies Co. Ltd.
TABLE 70 Key Information – SDI Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Xiaomi Corporation
FIG 3 SWOT Analysis: Panasonic Corporation
FIG 4 Recent strategies and developments: Leviton Manufacturing Co., Inc.
FIG 5 Recent strategies and developments: TP-Link Technologies Co. Ltd.