South Korea Smart-Connected Power Plug Socket Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030.
The South Korea Smart-Connected Power Plug Socket Market is witnessing substantial growth due to its transformative role in both residential and industrial sectors. As demand for smart home and office automation solutions rises, the integration of advanced technologies like Internet of Things (IoT) into power plug sockets is becoming a key driver for market expansion. These smart-connected devices offer enhanced control and convenience, enabling users to manage electrical appliances remotely through mobile apps, voice commands, and automated scheduling. The increasing adoption of these technologies can be attributed to a growing focus on energy efficiency and security, particularly in urban areas.
Industries in South Korea, such as manufacturing, retail, and hospitality, are seeking ways to improve energy management and reduce costs. Smart-connected power plug sockets are seen as a critical solution for this purpose, allowing businesses to track energy consumption, optimize usage patterns, and implement cost-saving strategies. For example, manufacturing plants can use these devices to monitor the power usage of heavy machinery, ensuring that energy is being used efficiently. Similarly, retail stores are integrating these devices to control lighting, heating, and air conditioning systems, improving the overall customer experience while minimizing energy wastage.
The demand for smart-connected power plug sockets in South Korea is driven by several factors, including the need for advanced home automation and the increasing popularity of connected devices. As smart homes become more prevalent, consumers are looking for ways to control various appliances and devices from a single interface. This includes controlling lights, heaters, air conditioners, and entertainment systems remotely. With the rise in the number of connected devices, there is also an increasing need for power sockets that are not just functional but offer smarter features such as surge protection, energy consumption monitoring, and scheduling capabilities.
In addition to residential applications, the requirement from industries in South Korea is growing steadily. The ability to integrate smart-connected power plug sockets into existing industrial systems provides a high level of convenience and control. These applications enable businesses to monitor power usage across multiple devices in real time, identify areas of inefficiency, and implement automated solutions that help reduce operational costs. Moreover, the rise in the adoption of smart cities in South Korea further contributes to the growing demand for intelligent power management solutions.
The trend towards IoT-driven power management solutions in South Korea is expected to continue its upward trajectory, providing businesses and consumers with greater control, flexibility, and energy efficiency. As the market for smart-connected power plug sockets expands, companies are also focusing on enhancing the user experience, improving connectivity, and ensuring compatibility with various smart home systems. With the promise of energy savings and improved operational efficiencies, the smart-connected power plug socket market is poised for significant growth in the coming years.
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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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