Smart Plug Market to grow by almost $ 14 Billion during 2021-2025 | Technavio
NEW YORK, June 10, 2021 /PRNewswire/ -Technavio has been monitoring the smart plug market and it is poised to grow by USD 13.99 billion during 2020-2024, progressing at a CAGR of almost 30% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Belkin International Inc., D-Link Corp., EDIMAX Technology Co. Ltd., Etekcity Corp., Insteon, iSmart Alarm Inc., Leviton Manufacturing Co. Inc., Panasonic Corp., SDI Technologes Inc., and TP-Link Technologies Co. Ltd. are some of the major market participants. The high demand for remote access to appliances will offer immense growth opportunities for the market vendors. In a bid to help players strengthen their market foothold, this smart plug market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Smart Plug Market 2020-2024: Segmentation
Smart Plug Market is segmented as below:
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Smart Plug Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart plug market report covers the following areas:
This study identifies the increasing demand for smart homes and the development of smart cities as one of the prime reasons driving the Smart Plug Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Smart Plug Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by End-user
Drivers, Challenges, and Trends
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