The Latin America, Middle East and Africa Smart Plug Market would witness market growth of 34.9% CAGR during the forecast period (2022-2028).
In the upcoming years, the easy and affordable accessibility of smart plugs is also anticipated to promote market expansion. Additionally, the growing use of the internet of things (IoT)-based apps has made it possible to remotely control electronic gadgets. This aspect could ultimately increase demand for smart plugs by increasing demand for the smart home.
The building blocks of a "smart house" are thought to be smart plugs. All user has to do is insert the smart plug into an outlet and use the appropriate app on a tablet or smartphone to connect it to Wi-Fi network. Simply plug in an appliance, such as a lamp or a fan, to smart plug once it is connected, and use the app voice to operate it from there. The purpose of a smart plug is to make ordinary home appliances and electronics "intelligent." They don't need a hub, just reliable Wi-Fi. A companion app is typically included with smart plugs and is simply downloaded from the Apple App Store or Google Play Store. Smart plugs may appear a Fitbit big, but they instantly fit in with the decor of the house.
One of the highest energy consumption rates worldwide is seen in the United Arab Emirates. Eco-efficiency and eco-innovations are at the front of the sustainability goals in the majority of nations since the energy sector is the focal point of the majority of environmental issues facing the world today. The "Green Economy for Sustainable Development" program of the United Arab Emirates (2012–2021) seeks to establish the nation as a hub for the export and re-export of green goods and technologies. The purpose of this study is to present a smart plug system for monitoring and managing household energy use using a mobile application in light of the aforementioned information. The smart plug system is a crucial part of smart grids since it gives distribution companies real-time, high-resolution information to help them make decisions.
The Brazil market dominated the LAMEA Smart Plug Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19.9 million by 2028. The Argentina market is exhibiting a CAGR of 35.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 34.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Plug Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Smart Plug Market, by Product
1.4.2 LAMEA Smart Plug Market, by Application
1.4.3 LAMEA 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. LAMEA Smart Plug Market by Product
4.1 LAMEA Wi-Fi Market by Country
4.2 LAMEA Bluetooth Market by Country
Chapter 5. LAMEA Smart Plug Market by Application
5.1 LAMEA Household Market by Country
5.2 LAMEA Commercial Market by Country
5.3 LAMEA Industrial Market by Country
Chapter 6. LAMEA Smart Plug Market by Country
6.1 Brazil Smart Plug Market
6.1.1 Brazil Smart Plug Market by Product
6.1.2 Brazil Smart Plug Market by Application
6.2 Argentina Smart Plug Market
6.2.1 Argentina Smart Plug Market by Product
6.2.2 Argentina Smart Plug Market by Application
6.3 UAE Smart Plug Market
6.3.1 UAE Smart Plug Market by Product
6.3.2 UAE Smart Plug Market by Application
6.4 Saudi Arabia Smart Plug Market
6.4.1 Saudi Arabia Smart Plug Market by Product
6.4.2 Saudi Arabia Smart Plug Market by Application
6.5 South Africa Smart Plug Market
6.5.1 South Africa Smart Plug Market by Product
6.5.2 South Africa Smart Plug Market by Application
6.6 Nigeria Smart Plug Market
6.6.1 Nigeria Smart Plug Market by Product
6.6.2 Nigeria Smart Plug Market by Application
6.7 Rest of LAMEA Smart Plug Market
6.7.1 Rest of LAMEA Smart Plug Market by Product
6.7.2 Rest of LAMEA 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 LAMEA Smart Plug Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Smart Plug Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 4 LAMEA Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 5 LAMEA Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Bluetooth Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Bluetooth Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 10 LAMEA Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 11 LAMEA Household Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Household Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Smart Plug Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Smart Plug Market by Country, 2022 - 2028, USD Million
TABLE 19 Brazil Smart Plug Market, 2018 - 2021, USD Million
TABLE 20 Brazil Smart Plug Market, 2022 - 2028, USD Million
TABLE 21 Brazil Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 22 Brazil Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 23 Brazil Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 24 Brazil Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 25 Argentina Smart Plug Market, 2018 - 2021, USD Million
TABLE 26 Argentina Smart Plug Market, 2022 - 2028, USD Million
TABLE 27 Argentina Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 28 Argentina Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 29 Argentina Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 30 Argentina Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 31 UAE Smart Plug Market, 2018 - 2021, USD Million
TABLE 32 UAE Smart Plug Market, 2022 - 2028, USD Million
TABLE 33 UAE Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 34 UAE Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 35 UAE Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 36 UAE Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 37 Saudi Arabia Smart Plug Market, 2018 - 2021, USD Million
TABLE 38 Saudi Arabia Smart Plug Market, 2022 - 2028, USD Million
TABLE 39 Saudi Arabia Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 40 Saudi Arabia Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 43 South Africa Smart Plug Market, 2018 - 2021, USD Million
TABLE 44 South Africa Smart Plug Market, 2022 - 2028, USD Million
TABLE 45 South Africa Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 46 South Africa Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 47 South Africa Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 48 South Africa Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 49 Nigeria Smart Plug Market, 2018 - 2021, USD Million
TABLE 50 Nigeria Smart Plug Market, 2022 - 2028, USD Million
TABLE 51 Nigeria Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 52 Nigeria Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 53 Nigeria Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 54 Nigeria Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 55 Rest of LAMEA Smart Plug Market, 2018 - 2021, USD Million
TABLE 56 Rest of LAMEA Smart Plug Market, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA 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.