Global Smart Plug Market Size & Outlook, 2022-2030

The smart plug industry worldwide is expected to reach a projected revenue of US$ 2,462.8 million by 2030. A compound annual growth rate of 32% is expected of the worldwide smart plug industry from 2023 to 2030.
Revenue, 2022 (US$M)
$266.7
Forecast, 2030 (US$M)
$2,462.8
CAGR, 2023 - 2030
32%
Report Coverage
Worldwide

Global smart plug market highlights

  • The global smart plug market generated a revenue of USD 266.7 million in 2022 and is expected to reach USD 2,462.8 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 32% by 2030.
  • In terms of segment, wi-fi accounted for a revenue of USD 228.5 million in 2022.
  • Wi-Fi is the most lucrative product support segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2022.
  • Country-wise, France is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 266.7 million
Market revenue in 2030USD 2,462.8 million
Growth rate32% (CAGR from 2022 to 2030)
Largest segmentWi-fi
Fastest growing segmentWi-Fi
Historical data covered2017 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWi-Fi, Bluetooth

Other key industry trends

  • In terms of revenue, the North America accounted for 33.2% of the global smart plug market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, France is the fastest growing regional market and is projected to reach USD 106.0 million by 2030.

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Smart Plug Market Companies

Name Profile # Employees HQ Website

Global smart plug market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart plug market will help companies and investors design strategic landscapes.


Wi-fi was the largest segment with a revenue share of 85.68% in 2022. Horizon Databook has segmented the Global smart plug market based on wi-fi, bluetooth covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Smart Plug Product Support Outlook (Revenue, USD Million, 2017-2030)
    • Wi-Fi
    • Bluetooth
  • Global Smart Plug Application Outlook (Revenue, USD Million, 2017-2030)
    • Commercial
    • Household
    • Industrial

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Target buyers of Global smart plug market databook

  • Our clientele includes a mix of smart plug market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart plug market , including forecasts for subscribers. This global databook contains high-level insights into Global smart plug market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global smart plug market size, by region, 2017-2030 (US$M)

Top 10 countries: Smart plug market size, 2022 (US$M)

Global smart plug market share, by product support, 2022 & 2030 (%, US$M)

Smart Plug Market: Opportunity Assessment By Country

Global smart plug market, by region, 2022 (US$M)

Global smart plug market size, by region, 2017-2030 (US$M)

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