Market Analysis, Assessment and Outlook to 2026 › warehouse › pdf › SecuriPlug... · Global...

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MarketAnalysis,AssessmentandOutlookto2026

Execu:veSummary•  SmartPlugmarketforecastshighgrowthby2026

•  Salesin2018: US$123.8million•  Salesin2026: US$723.3million

•  Keymarketregions:NorthAmerica,Europe,AsiaPacific,MiddleEast&AfricaandLa:nAmerica

•  RapidSmartPluggrowthdueto:•  Adop:onofhomeautoma:ontechnologies•  ShiRinconsumerpreferencetowardssmarthomes•  Technologicaldevelopmentsbytheemergingandprominentplayersinthemarketworldwide

•  Forecastprofitrisingfrom£500k(2020)to£22m(2026)

GlobalSmartPlugsMarket

Parameter 2018 2026

GlobalSmartPlugsMarket(US$million) 123.8 723.3

CompoundAnnualGrowthRateCAGR% 25.4%

LargestMarketSegment,byApplica:on Household78.4%

Household74.4%

KeyGrowthMarketSegment,byApplica:onCAGR% Commercial28.1%

LargestMarketSegment,byGeography NorthAmerica33.7%

AsiaPacific33.4%

KeyGrowthMarketSegment,byGeographyCAGR% AsiaPacific28.9%

GlobalSmartPlugProjectedGrowth

SmartPlugProductsComparisonParameters Belkin

WeMoInsightSmartPlug

ConnectSenseSmartOutlet2

iHomeiSP6XSmartPlug

TP-LinkKasaSmartPlug

AmazonSmartPlug

MicrosoRCortana ✖ ✖ ✖ ✔ ✖

AppleHomeKit ✖ ✔ ✔ ✖ ✖

AppleSiri ✖ ✔ ✔ ✖ ✖

GoogleAssistant ✔ ✔ ✔ ✔ ✖

AmazonAlexa ✔ ✔ ✔ ✔ ✔

TheaboveSmartPlugsarereliantuponlinkingtoothertechnologiesinordertoworkSecuriPlugdoesnotrelyonothertechnologies

GlobalSmartPlugHouseholdGrowth

GlobalSmartPlugCommercialGrowth

UKSmartPlugGrowth

SecuriPlugGlobalForecastSales

Forecastbasedon:•  20200.5%ofglobalmarket•  20212%ofglobalmarket•  2022+5%ofglobalmarket•  Itemsaleprice:£40Expenses:£25 Profit:£15

SourceofDatainthisReport