The Global Wireless Smart Plug Market is expected to grow at a significant CAGR during the forecast period. Remotely controlled devices, such as smart plugs, have become possible due to a shift in consumer preferences toward a more comfortable lifestyle, advancements in the IoT framework, and increasing awareness of energy conservation. Smart plugs are low-cost solutions that can turn any appliance into a smart appliance, including coffee machines, cable boxes, lamps, and fans control system features to be accessed from smart devices. These devices are gaining popularity as they provide a variety of advantages, including cost savings, remote monitoring, and remote control.

A smart plug works as a power-point adaptor or mediator between the power plug and any appliances as demanded by the consumer. It turns the device on and off at its most basic level, however, when it's connected to a smart home platform, it becomes a useful tool. Smart plugs assist to minimise manual labour and enable home automation by remotely managing devices such as air conditioners, televisions, washing machines, refrigerators, and security systems via mobile applications.  The global wireless smart plug market is expected to grow due to the rapid adoption of home automation high acceptance of technologically advanced products among customers, technologies, growing need for a convenient lifestyle, improved energy saving, changing consumer preferences inclining toward smart home applications, and advancement in IoT framework. The increasing adoption of IoT and new technologies will drive the global wireless smart plug market.

In India, Xiaomi released the Realme Smart Plug with remote Wi-Fi control in October 2020. In 2020, Alexa and Google Assistance supported by the Smart Plug was introduced at the company's event. Consumers may also use voice commands to manage their household appliances.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment covered 

o By Type

o By Application

• Region covered

o North America

o Europe

o Asia-pacific

o Rest of world

• Competitive Landscape- Etekcity, Insteon, I Smart Alarm, SDI Technologies, Belkin International, and Panasonic.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Wireless Smart Plug Market by Segments

By Type

o Bluetooth

o Wi-Fi

By Application

o Household

o Commercial 

o Industrial

Global Wireless Smart Plug Market by Region