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 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 2022USD 23.0 million
Market revenue in 2030USD 207.9 million
Growth rate31.7% (CAGR from 2022 to 2030)
Largest segmentWi-fi
Fastest growing segmentWi-Fi
Historical data2017 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWi-Fi, Bluetooth
Key market players worldwidePanasonic 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 Companies

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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 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.


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Target buyers of Germany 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 country-level data and insights on the Germany smart plug market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart plug market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Germany smart plug market size, by product support, 2017-2030 (US$M)

Germany Smart Plug Market Outlook Share, 2022 & 2030 (US$M)

Germany smart plug market size, by product support, 2017-2030 (US$M)

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