The Worldwide Smart Plug Industry is Expected to Reach $1.4 Billion by 2028 – QNT Press Release


DUBLIN, Sept. 6, 2022 /PRNewswire/ — The ‘Global Smart Plug Market Size, Share & Industry Trends Analysis Report By Product (Wi-Fi and Bluetooth), By Application (Household, Commercial, and Industrial), By Regional Outlook and Forecast, 2022 – 2028’ report has been added to ResearchAndMarkets.com’s offering.

The Global Smart Plug Market size is expected to reach $1.4 billion by 2028, rising at a market growth of 32.4% CAGR during the forecast period.

A smart plug can be installed between electrical cords and sockets to act as a remote-control power switch. Therefore, smart plugs can be used to turn “dumb” electrical equipment into “smart” equipment, enabling those items for usage in home automation or building automation. For example, a smart home hub, a virtual assistant, or a smartphone application can all be used to operate smart plugs.

Wi-Fi, Bluetooth, ZigBee, and Z-Wave are some examples of communication protocols that are utilized with smart plugs. A built-in ammeter is a common feature of smart plugs, allowing users to track the connected equipment’s electric energy use (expressed in kilowatt-hours). Smart plugs frequently feature a thin shape to not obstruct access to nearby sockets in a wall outlet.

A quick and easy solution to control the wired appliances in the user house is with smart plugs. The consumer only needs to plug it in and connect it to a Wi-Fi network by following the instructions in the appropriate software on the phone or tablet to set it up. Once a wired device, such as a light or fan, is plugged into a smart plug, the user may now operate it from anywhere in the world using the phone. User can also link their smart plug to a smart home hub , such as an Amazon Echo or Google Home Hub, to enable voice requests like “Alexa, turn on the bedroom fan.”

The popularity of smart appliances is rising as a result of their many advantages, such as remote control, file transfer, storage systems, remote monitoring, etc. By enabling smart features controllable from mobile devices, smart plugs are an affordable method for transforming standard home appliances like televisions, lamps, air conditioners, fans, cable boxes, and others into smart appliances.

The low cost of smart plugs in comparison to other built-in smart devices is anticipated to play a significant role in the market’s growth over the next several years. As a result, the smart appliances’ …

Full story available on Benzinga.com



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