The Europe Smart Plug Market would witness market growth of 32.1% CAGR during the forecast period (2022-2028).
The sector is expanding its market share due to rising customer attention on smart device adoption, rising Internet of Things (IoT) device penetration, and rising smartphone penetration. According to estimates, smart plugs can help reduce energy use by turning off linked devices when they are not in use. The adoption of smart household systems and technologies that lean toward home automation applications and changing customer preferences are the main reasons why the market for smart plugs is expected to rise. The market will develop as a result of consumers' growing need for advancements in better energy efficiency, IoT frameworks, and convenient lifestyles.
As consumer needs change, the market is characterized by continual technical innovation. Some of the most recent developments in the sector include intelligent gadgets, the Internet of Things (IoT), Wi-Fi, 5G, and Bluetooth. The increased demand for smart plugs in the U.S. is the primary driver of advancements and developments.
The energy industry contributed 2% of France's GDP in 2019. Energy contributed €44 billion to France's trade deficit in 2019. In 2018, 9% of the average household's monthly budget went toward electricity. Primary domestic production accounts for little more than half of the nation's energy needs. The majority of the fossil fuels that France consumes are imported, and its geographic origin is highly diversified. In addition to using nuclear energy extensively to meet its own needs, France has been exporting electricity for the past 30 years. Electricity and gas have gradually replaced the usage of coal and oil in the major industrial sectors, however, oil-based products are still the standard in the transportation sector. This has less of an impact on global warming.
The Germany market dominated the Europe Industrial Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6.5 million by 2028. The UK market is anticipated to grow at a CAGR of 33.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 36.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Plug Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Smart Plug Market, by Product
1.4.2 Europe Smart Plug Market, by Application
1.4.3 Europe 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. Europe Smart Plug Market by Product
4.1 Europe Wi-Fi Market by Country
4.2 Europe Bluetooth Market by Country
Chapter 5. Europe Smart Plug Market by Application
5.1 Europe Household Market by Country
5.2 Europe Commercial Market by Country
5.3 Europe Industrial Market by Country
Chapter 6. Europe Smart Plug Market by Country
6.1 Germany Smart Plug Market
6.1.1 Germany Smart Plug Market by Product
6.1.2 Germany Smart Plug Market by Application
6.2 UK Smart Plug Market
6.2.1 UK Smart Plug Market by Product
6.2.2 UK Smart Plug Market by Application
6.3 France Smart Plug Market
6.3.1 France Smart Plug Market by Product
6.3.2 France Smart Plug Market by Application
6.4 Russia Smart Plug Market
6.4.1 Russia Smart Plug Market by Product
6.4.2 Russia Smart Plug Market by Application
6.5 Spain Smart Plug Market
6.5.1 Spain Smart Plug Market by Product
6.5.2 Spain Smart Plug Market by Application
6.6 Italy Smart Plug Market
6.6.1 Italy Smart Plug Market by Product
6.6.2 Italy Smart Plug Market by Application
6.7 Rest of Europe Smart Plug Market
6.7.1 Rest of Europe Smart Plug Market by Product
6.7.2 Rest of Europe 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 Europe Smart Plug Market, 2018 - 2021, USD Million
TABLE 2 Europe Smart Plug Market, 2022 - 2028, USD Million
TABLE 3 Europe Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 4 Europe Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 5 Europe Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Bluetooth Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Bluetooth Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 10 Europe Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 11 Europe Household Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Household Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Smart Plug Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Smart Plug Market by Country, 2022 - 2028, USD Million
TABLE 19 Germany Smart Plug Market, 2018 - 2021, USD Million
TABLE 20 Germany Smart Plug Market, 2022 - 2028, USD Million
TABLE 21 Germany Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 22 Germany Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 23 Germany Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 24 Germany Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 25 UK Smart Plug Market, 2018 - 2021, USD Million
TABLE 26 UK Smart Plug Market, 2022 - 2028, USD Million
TABLE 27 UK Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 28 UK Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 29 UK Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 30 UK Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 31 France Smart Plug Market, 2018 - 2021, USD Million
TABLE 32 France Smart Plug Market, 2022 - 2028, USD Million
TABLE 33 France Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 34 France Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 35 France Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 36 France Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 37 Russia Smart Plug Market, 2018 - 2021, USD Million
TABLE 38 Russia Smart Plug Market, 2022 - 2028, USD Million
TABLE 39 Russia Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 40 Russia Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 41 Russia Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 42 Russia Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 43 Spain Smart Plug Market, 2018 - 2021, USD Million
TABLE 44 Spain Smart Plug Market, 2022 - 2028, USD Million
TABLE 45 Spain Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 46 Spain Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 47 Spain Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 48 Spain Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 49 Italy Smart Plug Market, 2018 - 2021, USD Million
TABLE 50 Italy Smart Plug Market, 2022 - 2028, USD Million
TABLE 51 Italy Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 52 Italy Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 53 Italy Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 54 Italy Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 55 Rest of Europe Smart Plug Market, 2018 - 2021, USD Million
TABLE 56 Rest of Europe Smart Plug Market, 2022 - 2028, USD Million
TABLE 57 Rest of Europe Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 58 Rest of Europe Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 59 Rest of Europe Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of Europe 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.