Increase in demand for convenient user experience, rise in deployment of home automation devices, and high adoption of wireless technologies drive the growth of the global Bluetooth smart plugs market.
Allied Market Research published a research report on the Bluetooth smart plugs market. The findings of the report state that the global market for Bluetooth smart plugs generated $0.69 billion in 2020, and is expected to garner $5.38 billion by 2030, witnessing a CAGR of 24.3% from 2021 to 2030.The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.
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RuchalHumbare, the Lead Analyst, Semiconductor and Electronics, highlighted, “The global Bluetooth smart plugs of market share is expected to witness considerable growth with increasing demand for building and home automation devices. Moreover, increased disposable income and urbanization are some of the factors that enhance the market growth during the forecast period.”
The report provides a detailed analysis of market drivers, restraints, and opportunities to assist market players to strategize and capitalize on new opportunities.Increase in demand for convenient user experience, rise in deployment of home automation devices, and high adoption of wireless technologies drive the growth of the global Bluetooth smart plugs market. However, compatibility issues with some smart devices hinder the market growth. On the other hand, increase in urbanization in Asia-Pacific countriesoffers new opportunities for market growth.
Scope of the Report: –
| Report Attribute | Details |
| Revenue forecast in 2030 | $5.38 billion |
| Growth rate | CAGR of 24.3% from 2021 to 2030 |
| Forecast period | 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Regional scope | North America, Europe, Asia Pacific, Latin America, MEA |
| Country scope | U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia |
| Key companies profiled | Belkin International Inc., D-Link Corp., Etekcity Corporation, iSmart Alarm Inc., EDIMAX Technology Co. Ltd., Insteon, Leviton Manufacturing Co. Inc., Panasonic Corporation, SDI Technologies Inc., and TP-Link Technologies Co. Ltd. |
The research provides a detailed scenario regarding the impact of the Covid-19 pandemic on the Bluetooth smart plugs market across the globe. The global lockdown impacted numerous industries’ supply chains around the world, delaying the supply of Bluetooth smart plugs and negatively affecting the market. However, as the global situation improves, the market is expected to return to normalcy soon.
Avail the detailed Press release on Bluetooth Smart Plugs Market: https://bit.ly/3PDKCGP
The report offers detailed segmentation of the global Bluetooth smart plugs market based on type, price, end use, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.
By type, the three-hole plug segment held the largest market share in 2020, accounting for around two-fifths of the market. Moreover, the same segment is anticipated to grow with the fastest CAGR of 25.7% throughout the forecast period, while porous plug registered a CAGR of 25.4% from 2021 to 2030.
By price, the low segment dominated the market in 2020, contributing tomore than two-fifths of the global market share. The medium segment, on the other hand, is expected to witness the fastest CAGR of 25.6% from 2021 to 2030.
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By region, the North America region accounted for the major share in 2020, holding more than two-fifths of the global Bluetooth smart plugs market share. The Asia-Pacific region, however, is portrayed to cite the fastest CAGR of 28.1% by the end of 2030. The other provinces studied in the report include Europe and LAMEA.
Key players in the industry-
- D-Link Corp.
- Belkin International Inc.
- Etekcity Corporation
- EDIMAX Technology Co. Ltd.
- iSmart Alarm Inc.
- Insteon
- Panasonic Corporation
- Leviton Manufacturing Co. Inc.
- TP-Link Technologies Co. Ltd.
- SDI Technologies Inc.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Bluetooth Smart Plugs market analysis from 2021 to 2031 to identify the prevailing Bluetooth Smart Plugs market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Bluetooth Smart Plugs market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global Bluetooth Smart Plugs market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Two-hole Plug
- Three-hole Plug
- Porous Plug
By Price
- Low
- Medium
- High
By End Use
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S. Bluetooth Smart Plugs Market
- Canada Bluetooth Smart Plugs Market
- Mexico Bluetooth Smart Plugs Market
- Europe
- Germany Bluetooth Smart Plugs Market
- France Bluetooth Smart Plugs Market
- U.K. Bluetooth Smart Plugs Market
- Italy Bluetooth Smart Plugs Market
- Spain Bluetooth Smart Plugs Market
- Rest of Europe
- Asia-Pacific
- Japan Bluetooth Smart Plugs Market
- China Bluetooth Smart Plugs Market
- Australia Bluetooth Smart Plugs Market
- India Bluetooth Smart Plugs Market
- South Korea Bluetooth Smart Plugs Market
- Rest Of Asia Pacific
- LAMEA
- Brazil Bluetooth Smart Plugs Market
- Saudi Arabia Bluetooth Smart Plugs Market
- South Africa Bluetooth Smart Plugs Market
- Rest of LAMEA
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