Germany Smart Plug Market Size & Outlook, 2022-2030
The smart plug market in Germany is expected to reach a projected revenue of US$ 207.9 million by 2030. A compound annual growth rate of 31.7% is expected of Germany smart plug market from 2023 to 2030.
Revenue, 2022 (US$M)
$23.0
Forecast, 2030 (US$M)
$207.9
CAGR, 2023 - 2030
31.7%
Report Coverage
Germany
Germany Smart Plug Market, 2017-2030 (US$M)
Global Market
Related Markets
Germany smart plug market highlights
- The Germany smart plug market generated a revenue of USD 23.0 million in 2022 and is expected to reach USD 207.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 31.7% from 2023 to 2030.
- In terms of segment, wi-fi was the largest revenue generating product support in 2022.
- Wi-Fi is the most lucrative product support segment registering the fastest growth during the forecast period.
Smart plug market data book summary
| Market revenue in 2022 | USD 23.0 million |
| Market revenue in 2030 | USD 207.9 million |
| Growth rate | 31.7% (CAGR from 2022 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Wi-Fi |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wi-Fi, Bluetooth |
| Key market players worldwide | Panasonic Holdings Corp, Vesync Co Ltd, Xiaomi Corp Class B, Lenovo Group Ltd, D-Link, Belkin International, Edimax technology, Insteon, Leviton Manufacturing, SDI Technologies, TP-Link, Ankuoo, Satechi, ConnectSense |
Other key industry trends
- In terms of revenue, Germany accounted for 8.6% of the global smart plug market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany smart plug market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 207.9 million by 2030.
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Smart Plug Market Scope
Smart Plug Market segmentation & scope
Smart Plug Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Vesync Co Ltd | View profile | 1,296 | 1001 Zhongshan Park Road, Room 501–502, Block F3, TCL International E City, Shenzhen, China, People's Republic of, | www.vesync.com |
| Xiaomi Corp Class B | View profile | 33,627 | Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, China, People's Republic of | www.mi.com |
| Lenovo Group Ltd | View profile | 71,090 | 979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Hong Kong, Hong Kong | www.lenovo.com |
| D-Link | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | www.dlink.com/ |
| Belkin International | View profile | 5001-10000 | Playa Vista, California, United States, North America | www.belkin.com |
| Edimax technology | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | www.edimax.com/ |
| Insteon | View profile | 11-50 | Irvine, California, United States, North America | www.insteon.com |
| Leviton Manufacturing | View profile | 10001+ | Melville, New York, United States, North America | www.leviton.com |
| SDI Technologies | View profile | 101-250 | Rahway, New Jersey, United States, North America | sditechnologies.com/ |
Germany 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 Outlook will help companies and investors design strategic landscapes.
Wi-Fi was the largest segment with a revenue share of 86.96% in 2022.
Horizon Databook has segmented the Germany smart plug market based on wi-fi, bluetooth covering the revenue growth of each sub-segment from 2017 to 2030.
- Germany Smart Plug Market Product Support Outlook (Revenue, USD Million , 2017-2030)
- Wi-Fi
- Bluetooth
- Germany Smart Plug Market Application Outlook (Revenue, USD Million , 2017-2030)
- Commercial
- Household
- Industrial
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany Smart Plug Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Germany Smart Plug Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Germany Smart Plug Market, 2017-2030 (US$M)
Germany smart plug market statistics, by product support, 2017-2030 (Thousand Units)
