India Smart Plug Market Size & Outlook, 2022-2030

The smart plug market in India is expected to reach a projected revenue of US$ 153.8 million by 2030. A compound annual growth rate of 32.1% is expected of India smart plug market from 2023 to 2030.
Revenue, 2022 (US$M)
$16.6
Forecast, 2030 (US$M)
$153.8
CAGR, 2023 - 2030
32.1%
Report Coverage
India

India smart plug market highlights

  • The India smart plug market generated a revenue of USD 16.6 million in 2022 and is expected to reach USD 153.8 million by 2030.
  • The India market is expected to grow at a CAGR of 32.1% 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 16.6 million
Market revenue in 2030USD 153.8 million
Growth rate32.1% (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, India accounted for 6.2% 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 Asia Pacific, China smart plug market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 178.6 million by 2030.

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Smart Plug Market Companies

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India 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 83.73% in 2022. Horizon Databook has segmented the India smart plug market based on wi-fi, bluetooth covering the revenue growth of each sub-segment from 2017 to 2030.


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  • Our clientele includes a mix of smart plug market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India smart plug market , including forecasts for subscribers. This country databook contains high-level insights into India smart plug market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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