Smart Power Sockets Market Scope
The smart power socket is a home automation solution, enables a user to control home appliances anywhere with just one touch. Smart power socket gives the ability to control and schedule lights, or any other household appliance, wirelessly over the Wi-Fi network and the Internet. Moreover, with the help of smart-phone, a user can remotely turn on or turn off home appliances at any time, by setting timing schedules as well.
The Smart Power Sockets market study is segmented by Type (Wi-Fi, Bluetooth and Other), by Application (Household and Commercial {Airports, Hotels, Malls, Offices, Railway Station, and Others}) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States and Chinese Vendors will contribute to the maximum growth of Global Smart Power Sockets market throughout the predicted period.
Ankuoo (United States), Bayit (United States), Belkin (United States), Etekcity Corporation (United States), ConnectSense (United States), iDevices (United States), Orvibo (China), Pyrotech (India) and Jellyfish Telecommunication Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are MOKOSmart (China), CoreEmbedded Technologies Pvt. Ltd. (India), SMAlux (China) and Xi'an Hua Fan Instrument Co., Ltd (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Smart Power Sockets market by Type, Application and Region.
On the basis of geography, the market of Smart Power Sockets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- The emergence of IoT and AI in Smart Home Applications
Market Drivers
- Increased Electricity Safety & Security Awareness among Consumers
- The emergence of Technologies for Connectivity amongst Home Devices
Opportunities
- The rise in Demand for Smart Homes, Intelligent & Connected Homes
Restraints
- High Installation Cost and Low Awareness Regarding the Benefits
- Compatibility Issues
Challenges
- Lack of Awareness in the Low and Middle Income Group Countries
Key Target Audience
Smart Power Sockets Manufacturers, Technology Investors, Smart Power Sockets Traders/Distributors, Smart Power Sockets Importer/Exporter, Downstream Vendors and End Users
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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