The Global Smart WiFi Power Strips Market size is projected to grow at a CAGR of 7.2% during the forecast period. The increasing use of smart devices in households and workplaces has led to an increase in demand for power strips. In addition, their ability to save on energy bills and provide more convenience has made them popular with customers. The market is expected to see significant growth owing to factors such as increased awareness about the benefits offered by these products among consumers, leading manufacturers expanding their product portfolio, and availability of Wi-Fi connectivity options with most power strips being launched recently.
Smart WiFi Power Strips are power strips with built-in wi-fi connections and smart features. They allow you to remotely turn on, off, or schedule your devices without having to physically go near them. The remote management of the Smart WiFi Power Strip is done through an app that can be downloaded from Google Play Store for Android users and App Store for Apple iOS device owners.
On the basis of Types, the market is segmented into Indoor Power Strip and Outdoor Power Strip.
The Indoor WiFi Power Strip is a type of power strip that provides flexible charging in an electrical outlet. With the help of this device, you can charge your electronic devices without having to find and plug them into one another. You can easily set up wireless connections by using the built-in USB ports or Ethernet port on these strips.
Outdoor WiFi Power Strip is used to supply power to outdoor devices such as garden lights, security cameras, and other electronics. Outdoor Wi-Fi Power Strips are designed with durable weatherproofing features that allow them to be placed outdoors in a variety of conditions without the need for additional materials or enclosure.
On the basis of Application, the market is segmented into Household, Commercial, and Industrial. The usage of wireless power strips in commercial setups has increased over the recent past due to their ease of installation as well as configuration by just plugging them into a nearby socket or outlet without any need for wiring.
Smart WiFi Power Strips can be used in households to manage power consumption by making devices like cell phones, laptops, and other electronic appliances automatically switch off or on when the user is away from home. The smart wireless device offers a wide range of features such as remote monitoring, Wi-Fi router integration for enhanced security and customization options. It also has an LCD display that shows the name of connected devices along with battery status.
One of the many uses for smart WiFi power strips is in commercial spaces. These strips are used to control the lighting and electrical systems from anywhere at any time in the business. With a standard plug-in strip, there are some limitations on how much electricity will flow through the outlets before shutting off but with an IoT smart Wi-Fi power strip those restrictions no longer exist because they can monitor and regulate energy usage remotely via mobile app or computer software interface without having to go into the location itself.
The use of smart power strips is not limited to household and commercial applications only. Smart power strips are also being used in industrial settings for advanced control, monitoring, safety, and energy management purposes. For example, many industries like semiconductor manufacturing companies would have a strict Power Usage Effectiveness (PUE) target that they need to meet at all times.
The adoption of smart power strip technology can help them monitor their usage through real-time data analytics tools which will be able to identify any anomalies or deviations from the targets set up initially by the company's managers. In such cases where there has been an abnormal increase in the amount of electricity consumption over time, this could indicate wear on machinery components due to friction caused by high load running cycles or some other more serious issue.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is projected to grow at the highest CAGR during the forecast period. The market in the Asia Pacific is expected to witness a rapid growth rate owing to the growing demand for home automation systems and increasing adoption of smart devices, especially electronic gadgets like air conditioners, televisions, washing machines, etc.; this will fuel the need for power strips as well. However, Latin America holds huge potential because there are several countries where it has not been introduced yet which provides immense opportunities for regional players.
Up Market Research published a new report titled “Smart Wi Fi Power Strips Market research report which is segmented by Types (Indoor Power Strip, Outdoor Power Strip), By Applications (Household, Commercial, Industrial), By Players/Companies TP-Link(Kasa Smart), Felion Technologies Company Limited(Vocolinc), D-Link, Aracky, Belkin, Lasco, Lanberg, Teckin, Acme, Gosund, Mylumii, Lexsong, ConnectSense, LeFun”.
Report Attributes | Report Details |
Report Title | Smart Wi Fi Power Strips Market Research Report |
By Type | Indoor Power Strip, Outdoor Power Strip |
By Application | Household, Commercial, Industrial |
By Companies | TP-Link(Kasa Smart), Felion Technologies Company Limited(Vocolinc), D-Link, Aracky, Belkin, Lasco, Lanberg, Teckin, Acme, Gosund, Mylumii, Lexsong, ConnectSense, LeFun |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 238 |
Number of Tables & Figures | 167 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Indoor Power Strip, Outdoor Power Strip and By Application Household, Commercial, Industrial.
Some of the companies that are profiled in this report are:
Smart Wi Fi Power Strips Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Smart Wi Fi Power Strips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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