WiFi Smart Outlet Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 5.6 Billion by 2030, growing at a CAGR of 17.3% from 2024 to 2030.
During this period, the major players in the market introduced new features like energy monitoring, scheduling, and device compatibility with various home automation systems. These technological advancements, combined with decreasing prices and improved availability, made WiFi Smart Outlets an attractive option for both early adopters and mainstream consumers. In addition to residential usage, commercial applications also contributed to the demand, as businesses sought more efficient energy management solutions.
The market dynamics between 2023 and 2033 suggest an even more promising outlook, as the growth trajectory is expected to accelerate further. With the ongoing push for energy-saving and environmentally conscious living, WiFi Smart Outlets are expected to play a crucial role in managing power consumption and automating home environments. Additionally, as consumers become more accustomed to smart home technology, the demand for WiFi outlets is expected to increase in emerging markets, where smart homes are on the rise.
It is anticipated that in the coming decade, the focus will shift towards enhancing the connectivity and intelligence of WiFi Smart Outlets. The integration of AI and machine learning algorithms could lead to outlets that anticipate user behavior and optimize energy usage accordingly. Furthermore, the growing trend of remote work and the rise in connected devices will likely drive the demand for smarter energy solutions in both homes and offices.
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The WiFi Smart Outlet market has seen significant evolution from 2018 to 2022, driven by increasing adoption of smart home technology, greater consumer awareness, and advancements in IoT (Internet of Things) devices. As more households integrate smart devices into their daily lives, the demand for WiFi-enabled outlets surged. The global market witnessed steady growth in the last few years, with smart outlets becoming one of the most popular additions to smart home ecosystems. The growth was fueled by convenience, energy efficiency, and the ability to control devices remotely through smartphones or voice assistants like Alexa and Google Assistant.
Cixi Bull Electric Co.
Ltd.
Ningbo Lengon Electric Co.
Ltd.
Xiaomi
Belkin International
Inc.
Etekcity Corporation
Edimax Technology
Samsung
China Delixi Holdings Group Co.
Ltd.
Deli Group Co.
Ltd.
Hangzhou Konke Information Technology Co.
Ltd.
Broadlink Co.
Ltd.
Shenzhen ORVIBO Technology Co.
Ltd.
Hangzhou Honyar Electrical Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global WiFi Smart Outlet Market
Household Use
Commercial Use
Based on Types the Market is categorized into Below types that held the largest WiFi Smart Outlet market share In 2023.
Three-hole Outlet
Five-hole Outlet
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global WiFi Smart Outlet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global WiFi Smart Outlet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global WiFi Smart Outlet Market, By Type
6. Global WiFi Smart Outlet Market, By Application
7. Global WiFi Smart Outlet Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global WiFi Smart Outlet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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