HTF MI recently introduced Global Smart Outlet Market study with 123+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Panasonic (Japan), Phillips (Netherlands), EDIMAX Technology (Taiwan), Ismartalarm (United States), Eaton (Ireland), SDI Technologies (United States), D-Link (Taiwan), Etekcity (United States), Toshiba Corporation (Japan), TP-Link (China), Smartlabs (United States),.
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According to HTF Market Intelligence, the Global Smart Outlet market to witness a CAGR of 11.1% during forecast period of 2024-2030. The market is segmented by Type (Wall Mounted, Power Strips) by Connectivity (Wifi, Bluetooth) by End Use Industry (Household Use, Commercial Use) by Distribution (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Smart outlet refers to a plug which can be integrated into the smart home network. It can be controlled by a smartphone, voice assistance, and others. It is supported by Wi-Fi and Bluetooth. Bluetooth and Wi-Fi connectivity allows to remotely control smart outlet with smartphones and voice controls. It also helps to keep track of real-time energy usage and cost. Market players are focusing on technological advancement in smart home applications. For instance, Phillips announced to launch smart plug in its smart home appliances range for different platforms such as google assistant, amazon alexa, and others. Smart outlet market has high growth prospects owing to the growing popularity of the smart homes. Moreover, growing inclination towards smart home appliances driving the demand for smart outlets.
Market Trends:
- Rising Demand for the Wi-Fi Smart Outlets
- Emphasizing On Development of Energy Efficient Electrical Appliances
Market Drivers:
- Growing Inclination towards Smart Home Applications
- Emergence of IoT and AI in Smart Home Applications
Market Opportunities:
- Increasing Popularity of Smart Homes
- Rising Demand from the Developing Economies
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Smart Outlet market segments by Types: Wall Mounted, Power Strips
Detailed analysis of Smart Outlet market segments by Applications: Household Use, Commercial Use
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Smart Outlet Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Smart Outlet Market:
Chapter 01 – Smart Outlet Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Smart Outlet Market – Pricing Analysis
Chapter 05 – Global Smart Outlet Market Background or History
Chapter 06 — Global Smart Outlet Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Smart Outlet Market
Chapter 08 – Global Smart Outlet Market Structure & worth Analysis
Chapter 09 – Global Smart Outlet Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Smart Outlet Market Research Methodology
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