Mexico Smart Plug Market Size & Outlook, 2022-2030

The smart plug market in Mexico is expected to reach a projected revenue of US$ 18.2 million by 2030. A compound annual growth rate of 29.5% is expected of Mexico smart plug market from 2023 to 2030.
Revenue, 2022 (US$M)
$2.3
Forecast, 2030 (US$M)
$18.2
CAGR, 2023 - 2030
29.5%
Report Coverage
Mexico

Mexico smart plug market highlights

  • The Mexico smart plug market generated a revenue of USD 2.3 million in 2022 and is expected to reach USD 18.2 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 29.5% 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 2.3 million
Market revenue in 2030USD 18.2 million
Growth rate29.5% (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, Mexico accounted for 0.9% 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 Latin America, Brazil smart plug market is projected to lead the regional market in terms of revenue in 2030.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 25.2 million by 2030.

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Smart Plug Market Companies

Name Profile # Employees HQ Website

Mexico 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 Mexico smart plug market based on wi-fi, bluetooth covering the revenue growth of each sub-segment from 2017 to 2030.


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

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

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

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

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

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