The latest industry research report on Smart-Connected Power Plug Socket by MRC provides a thorough analysis of the global Smart-Connected Power Plug Socket market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Smart-Connected Power Plug Socket industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
MRC recognizes the following companies as the key players in the global smart-connected power plug socket market: Aeon Labs, Azpen Innovation, Belkin International, D-Link Systems, and Honeywell International
Other Prominent Vendors in the market are: adesso, BroadLink, ITEAD Intelligent Systems, Leviton Manufacturing, and SAFEMORE.
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Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Digital marketing and social media campaigns. With the growth in Internet technology and innovations in Internet applications, there has been a radical change in the promotional and marketing activities of vendors in the market. Unlike the past decades, where print media and radio communication were the only sources of communication, digital marketing campaigns and promotional activities are gaining popularity in the market. Such campaigns and activities are now executed on digital platforms such as YouTube, Facebook, LinkedIn, Instagram, and Pinterest.”
According to the report, one of the major drivers for this market is Increase in adoption of smart home solutions. The growing need for a convenient and comfortable lifestyle has led to the exponential development of residential automation systems. Along with home automation systems, smart homes can keep a check on the security systems, lighting, and entertainment systems. In addition, home automation systems also enable a user to monitor and control all appliances with the help of a controller that is operated through the Internet. Many vendors are also offering home automation systems with remote access through smartphones and other mobile computing devices. Thus, owing to such factors, smart home adoption is increasing across the globe, which increases the adoption of smart home solutions.
Further, the report states that one of the major factors hindering the growth of this market is High pricing of product. The average price of a smart-connected power plug sockets is relatively higher than that of the conventional power plug sockets. It has been seen that the demand for smart-connected power plug sockets in countries such as Germany, the US, the UK, Germany, France, and Canada is high. This is because of the concentration of the premium consumer segment, including UHNWIs, is higher in these countries when compared with developing countries such as India, China, and Japan. The demand for smart home and home furnishing is growing exponentially in developed countries. In developing countries, smart homes are not very popular among consumers. Moreover, the purchasing power of residential consumers is also comparatively low. Therefore, these factors deter the value and volume sales of the product, which adversely affect the global market of smart-connected power plug sockets.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Key Topics Covered in the Report:
- Comprehensive overview of parent market with market definition, classification
- Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
- Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
- Value Chain Analysis, Strategic insights, and market estimations
- Facts, stats, historical data, market size forecast regarding volume and value
- Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
- Insights on prospective opportunities and challenges, success and risk
The report brings to your attention analysis of the Smart-Connected Power Plug Socket market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
Market Scope
The research report takes different facets into consideration to scrutinize the global Smart-Connected Power Plug Socket industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
Report Details @ https://marketreportscenter.com/reports/562354/global-smart-connected-power-plug-socket-market-2017-2021
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