Smart-Connected Power Plug Socket Market size was valued at USD 2.5 Billion in 2024 and is forecasted to grow at a CAGR of 9.5% from 2026 to 2033, reaching USD 5.2 Billion by 2033.
The South Korea Smart-Connected Power Plug Socket Market is rapidly growing, driven by increasing industrial automation and the rising demand for smart homes. This transformation is a direct result of evolving technological advancements and growing consumer interest in enhancing convenience and efficiency. With the integration of Internet of Things (IoT) technologies, smart power plug sockets are now equipped with wireless connectivity, enabling them to be controlled remotely via smartphone applications or voice commands.
One of the key factors driving the South Korea Smart-Connected Power Plug Socket Market is the increasing demand for energy efficiency. As industries face growing pressure to reduce energy consumption and lower carbon footprints, smart power plugs offer a solution to monitor and control electrical usage in real-time. These plugs provide valuable data on energy consumption patterns, which businesses can use to optimize operations and reduce wastage.
In addition to industrial requirements, South Korean consumers are increasingly adopting smart plug sockets to enhance their home automation systems. The smart plug sockets can control various devices like lamps, appliances, and air conditioners, allowing for automated scheduling, remote access, and even energy-saving modes. As a result, the residential segment is seeing a surge in demand, with the smart home market expanding rapidly.
Industries, including retail, hospitality, and manufacturing, are also benefiting from smart power plug sockets. These sectors are looking for reliable and cost-effective ways to streamline operations while reducing energy costs. Hotels, for instance, have started using smart plugs to manage power consumption in rooms, ensuring that energy is only used when necessary. In retail, smart plugs are helping businesses control lighting and heating systems remotely, optimizing energy use and improving the overall efficiency of operations.
With the South Korean government’s commitment to sustainability and smart city initiatives, the smart-connected power plug socket market is poised to experience continued growth. The requirement for smart-connected devices in both residential and industrial sectors will only increase as technology advances and consumers and businesses alike seek greater convenience and energy efficiency in their daily operations.
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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 South Korea Smart-Connected Power Plug Socket Market
Smart Plugs
Smart Power Strips
Wi-Fi
Bluetooth
Zigbee
Z-Wave
Others
Residential
Commercial
Industrial
Home Users
Small & Medium Enterprises (SMEs)
Large Enterprises
Energy Monitoring
Voice Control
App Control
Scheduling & Automation
Surge Protection
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Smart-Connected Power Plug Socket 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. South Korea Smart-Connected Power Plug Socket Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Smart-Connected Power Plug Socket Market, By Type
6. South Korea Smart-Connected Power Plug Socket Market, By Application
7. South Korea Smart-Connected Power Plug Socket Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Smart-Connected Power Plug Socket Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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