Latest News

Major Factors that Influence the Growth of the Smart-Connected Power Plug Socket Market

Technological advancements have reached their zenith across numerous sectors and industries across the globe. The rising demand for intelligent technologies among a considerable chunk of the populace has led to increased innovations among varied sectors. The electronics sector is not behind in adopting these technologies. Sockets and plugs have been the foundation of any home for long. Smart technologies are penetrating the sockets and plugs sector extensively. Hence, all these aspects profoundly impact the growth of the smart-connected power plug socket market.

Smart plugs are like adapters that fit between the power sockets and the appliance which is to be used. When connected to a smart home platform, they become extensively beneficial. They are available in two types: Indoor and outdoor. Smart-connected power plug sockets that are made for outdoor uses are more durable and waterproof.

Smart-connected power plug sockets perform the function of adding different functionalities to traditional power plug sockets that include current consumption tracking and wireless control. These sockets also have the potential to identify overconsumption and overheating. These benefits will bring extensive growth prospects for the smart-connected power plug socket market.

Booming urbanization levels and the rising disposable income of the global populace has initiated the process of adding technological advancements at home. Adoption of smart devices at home has become a common aspect and it will invite immense growth for the smart-connected power plug socket market.

Smart-connected power plug sockets are playing a crucial role and attracting considerable traction. Varied uses of smart-connected power plug sockets in commercial and residential applications will invite exponential growth. Here are some essential areas and services that will help boost the growth of the smart-connected power plug socket market.

Do you want to assess potential implications of COVID-19 pandemic on your business ? Grab an exclusive PDF Brochure for this report

Management of Repetitive Activities at Home

Smart-connected power plug sockets help in managing the daily activities that are often missed out on certain days. For instance, if an individual has a busy day, it can lead to inattentiveness to the kids. Children nowadays are always glued to the screens, be it the idiot box, smartphone, computer, laptop, or tablet.

Too much screen time can prove to be a hindrance. Smart plugs help in decreasing the screen time of the children. After a specific time, appliances like televisions are turned off automatically, making it easy for individuals to concentrate on their work. Similar uses and advantages will lay a red carpet of growth across the smart-connected power plug socket market.

Extensive Electricity Savings

Fans, air conditioners, and other appliances consume massive amounts of electricity. Often, switching off the air conditioner or fan gets out of the picture and leads to tremendous electricity wastage. Smart plugs enable automatic scheduling of turning the appliances on or off. In addition, these plugs also help in tracking the consumption levels of a specific device. Hence, all these factors have a significant impact on the growth of the smart-connected power plug socket market.

Improved Security and Safety

If any appliances are left unattended or switched on for long, they can serve as a grave threat for any individual. Heaters, irons, and hair straighteners are some of the devices that get hot if left unattended for a longer span. With just one switch, smart plugs can be scheduled to turn off a device after a specific time limit. This aspect fuels the growth of the smart-connected power plug socket market to a considerable extent. Therefore, all these factors bode well for the growth of the smart-connected power plug socket market.

The emergence of smart-connected power plug sockets has brought major advantages to the global populace. The increasing popularity of these sockets will shape the growth trajectory of the smart-connected power plug socket market.

TMR offers custom market research services to Get Detailed Insights on your Business Scenario, Request Customization

To Top

Pin It on Pinterest

Share This