Smart Outlet Market size
Energy Conservation Trends to propel Smart Outlet Market growth over 2020-2024
Report Hive Research adds a new study
titled “Smart Outlet Market Report†to
its research database. Delivering in-depth insights, the report discusses
recent trends, market drivers,
market size, market share, market outlook, applications, restraints, opportunities, and growth prospects of the
global Smart Outlet Market forecasted from 2020
to 2024. Besides, it also includes vital information related to
future strategies, acquisitions and mergers, market footprint, financial
positions, supply chain trends, innovations, and key developments.
Market
Overview:
Smart outlets also known as the
smart plugs get plugged into a normal electrical socket transforming it into a
versatile and high-tech electrical outlet. Developing countries are projected
to offer favorable growth opportunities to the smart outlet market by ensuring
increased product sales in the coming years. The availability of high
disposable income along with improved lifestyle due to urbanization trends are
further projected to accelerate the smart outlet market demand during the
forecast period.
The low cost of smart outlets
compared to some other built-in smart appliances could serve as a key driver of
smart outlets market growth in years to come. In addition, there is a strong
need for energy-efficient and innovative advances, due to shifting preferences
toward energy sustainability, subsequently accelerating the smart outlet market
trends in the upcoming period. Furthermore, the increased investments coming
from well-known players complemented by the consistent innovations to enhance
the product attributes will collectively support the expansion of the smart
outlet market size.
Geographically, the North American
region is presumed to hold a significant proportion of the smart outlet market
share, provided by the huge acceptance of advanced home automation
technologies, thereby accelerating the regional growth in the coming years.
Moreover, the Asia-Pacific smart outlet market is also expected to grow
exponentially over the next decade, due to increased contributions from major
developing countries such as China and India securing the business growth in
the near future.
The global Smart Outlet Market is
projected to continue a healthy growth trajectory, growing at an estimated CAGR
of X.X% in terms of value during forecast period. For more details, please
order a sample report or simply get in touch with one of our sales executives.
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Key
Players:
·     Â
Wemo Insight
·     Â
GE
·     Â
ABB
·     Â
samsung
·     Â
Quirky Outlink
·     Â
Nyrius
·     Â
Heath-Zenith
·     Â
Belkin
·     Â
Securifi Peanut
·     Â
Apple HomeKit
·     Â
Shenzhen Orvibo
Electronics
·     Â
Amcrest
·     Â
IRIS
Market
Segmentations Covered in the Report:
·     Â
Off-the-Shelf Smart
Outlets
·     Â
Connect Sense Smart Outlet
·     Â
Others
Market
by Application
·     Â
Household Appliances
·     Â
Mobile Phone
·     Â
Others
Regions
covered:
·     Â
Asia-Pacific [China, Southeast
Asia, India, Japan, Korea, Western Asia]
·     Â
Europe [Germany, UK, France,
Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
·     Â
North America [United States,
Canada, Mexico]
·     Â
Middle East & Africa [GCC,
North Africa, South Africa]
·     Â
South America [Brazil,
Argentina, Columbia, Chile, Peru]
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Author Name : Report Hive Research