Internet of Things (IoT) and Concept of Smart Homes is the Major Driving Factor Behind the Growth of Smart Connected Power Plug Socket Market

Posted on 2018-07-21 by Goldstein Research in Industrial // 0 Comments

New York, USA, 2018-Jul-21 — /EPR Network/ — According to Goldstein Research, the emergence of advanced technologies such as the Internet of Things (IoT) have given rise to the concept of smart homes and smart cities which is the major factor for the proliferation of smart devices and products for smart homes. The smart homes concept have successfully penetrated into control and connectivity market by 2.1% share and the market is projected to grow at a CAGR of 33.4% during 2016-2024, which is the major factor for the growth of smart connected power plug socket market. Smart connected power plug socket market outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. One of the major trends in the global Smart-Connected Power Plug Socket market is the development of DIY market trends where numerous appliances can be organized and controlled with their real-time energy consumption information.

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Market Segmentation

On the basis of our in-depth analysis, global smart connected power plug socket market can be segmented as follows:

Types of Connectivity

Wi-Fi connectivity
Bluetooth connectivity
Zigbee connectivity
Z Wave Connectivity

By Distribution Channel

Online channel
Offline channel

By Application

Household
Commercial

Based on Geography

North America (U.S. & Canada) Smart-Connected Power Plug Socket Market {Market Share (%), Market Size(USD Billion)}
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Smart-Connected Power Plug Socket Market {Market Share (%), Market Size(USD Billion)}
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Smart-Connected Power Plug Socket Market {Market Share (%), Market Size(USD Billion)}
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Smart-Connected Power Plug Socket Market {Market Share (%), Market Size(USD Billion)}
The Middle East & Africa (GCC, South Africa, North Africa, Rome) Smart-Connected Power Plug Socket Market {Market Share (%), Market Size(USD Billion)}

“Global Smart Connected Power Plug Socket Industry Analysis” contains a detailed overview of the global smart-connected power plug socket market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by connectivity type, through distribution channels and by applications.

Further, for the in-depth analysis, Smart Connected Power Plug Socket Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Siemens AG, ABB Ltd., Schneider Electric SE, Emerson Electric Co., General Electric Co., Honeywell International Inc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global smart connected power plug socket market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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