The North America Smart Plug Market would witness market growth of 31.7% CAGR during the forecast period (2022-2028).
During the forecast period, the expansion of the smart plug market is predicted to be further stimulated by the evolution of consumer lifestyles and an increase in disposable income. In addition, it is predicted that the need for cutting-edge, energy-efficient home appliances would fuel the expansion of the smart plug market in the upcoming years. The key market players' increasing investments are anticipated to fuel the growth of the smart plug market. In the coming years, the market for smart plugs will rise significantly due to the rising popularity of smart infrastructure, including smart buildings, residences, and other infrastructure.
Additionally, governments in numerous nations are taking steps to raise residents' living standards. This element would help the market for smart plugs grow even further. The introduction of novel goods, such as Wi-Fi smart plugs, is also likely to considerably fuel market expansion. The market for smart plugs is expected to rise as a result of technological developments and an increase in smart device applications.
Canada is one of the top nations in the world that mostly uses clean hydropower. The proportion of electricity generation in 2020 was 60 percent hydro, 14 percent nuclear, 12 percent coal, 6 percent natural gas, and 5 percent wind and solar energy. Another 1%, roughly, was added to the power from hydro and wind. Less than 0.2 percent came from geothermal, tidal waves, and other sources. Ontario and Quebec no longer generate electricity using coal. Between 89 and 95 percent of the energy used in the systems of Manitoba, British Columbia, Newfoundland and Labrador, Prince Edward Island, and Yukon comes from hydroelectricity.
The US market dominated the North America Smart Plug Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $386.1 million by 2028. The Canada market is poised to grow at a CAGR of 34.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 33.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Plug Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Smart Plug Market, by Product
1.4.2 North America Smart Plug Market, by Application
1.4.3 North America 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. North America Smart Plug Market by Product
4.1 North America Wi-Fi Market by Country
4.2 North America Bluetooth Market by Country
Chapter 5. North America Smart Plug Market by Application
5.1 North America Household Market by Country
5.2 North America Commercial Market by Country
5.3 North America Industrial Market by Country
Chapter 6. North America Smart Plug Market by Country
6.1 US Smart Plug Market
6.1.1 US Smart Plug Market by Product
6.1.2 US Smart Plug Market by Application
6.2 Canada Smart Plug Market
6.2.1 Canada Smart Plug Market by Product
6.2.2 Canada Smart Plug Market by Application
6.3 Mexico Smart Plug Market
6.3.1 Mexico Smart Plug Market by Product
6.3.2 Mexico Smart Plug Market by Application
6.4 Rest of North America Smart Plug Market
6.4.1 Rest of North America Smart Plug Market by Product
6.4.2 Rest of North America 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 North America Smart Plug Market, 2018 - 2021, USD Million
TABLE 2 North America Smart Plug Market, 2022 - 2028, USD Million
TABLE 3 North America Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Wi-Fi Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Wi-Fi Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Bluetooth Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Bluetooth Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Household Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Household Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Smart Plug Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Smart Plug Market by Country, 2022 - 2028, USD Million
TABLE 19 US Smart Plug Market, 2018 - 2021, USD Million
TABLE 20 US Smart Plug Market, 2022 - 2028, USD Million
TABLE 21 US Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 22 US Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 23 US Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 24 US Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 25 Canada Smart Plug Market, 2018 - 2021, USD Million
TABLE 26 Canada Smart Plug Market, 2022 - 2028, USD Million
TABLE 27 Canada Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 28 Canada Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 29 Canada Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 30 Canada Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 31 Mexico Smart Plug Market, 2018 - 2021, USD Million
TABLE 32 Mexico Smart Plug Market, 2022 - 2028, USD Million
TABLE 33 Mexico Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 34 Mexico Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 35 Mexico Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 36 Mexico Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 37 Rest of North America Smart Plug Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America Smart Plug Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America Smart Plug Market by Product, 2018 - 2021, USD Million
TABLE 40 Rest of North America Smart Plug Market by Product, 2022 - 2028, USD Million
TABLE 41 Rest of North America Smart Plug Market by Application, 2018 - 2021, USD Million
TABLE 42 Rest of North America Smart Plug Market by Application, 2022 - 2028, USD Million
TABLE 43 Key Information – Xiaomi Corporation
TABLE 44 Key Information – Panasonic Corporation
TABLE 45 Key Information – Belkin International Inc.(Foxconn)
TABLE 46 Key Information – D-link Corporation
TABLE 47 Key Information – Lenovo Group Limited
TABLE 48 Key Information – Etekcity Corporation
TABLE 49 Key information – Ashtead Group PLC
TABLE 50 Key Information – Leviton Manufacturing Co., Inc.
TABLE 51 Key Information – TP-Link Technologies Co. Ltd.
TABLE 52 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.