UK Smart Plug Market Size & Outlook, 2022-2030
The smart plug market in UK is expected to reach a projected revenue of US$ 137.5 million by 2030. A compound annual growth rate of 28.9% is expected of UK smart plug market from 2023 to 2030.
Revenue, 2022 (US$M)
$18.0
Forecast, 2030 (US$M)
$137.5
CAGR, 2023 - 2030
28.9%
Report Coverage
UK
UK smart plug market, 2017-2030 (US$M)
Related Markets
UK smart plug market highlights
- The UK smart plug market generated a revenue of USD 18.0 million in 2022 and is expected to reach USD 137.5 million by 2030.
- The UK market is expected to grow at a CAGR of 28.9% 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 18.0 million |
| Market revenue in 2030 | USD 137.5 million |
| Growth rate | 28.9% (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, UK accounted for 6.7% 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 |
|---|
UK 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 86.11% in 2022. Horizon Databook has segmented the UK smart plug market based on wi-fi, bluetooth covering the revenue growth of each sub-segment from 2017 to 2030.
- UK Smart Plug Product Support Outlook (Revenue, USD Million, 2017-2030)
- Wi-Fi
- Bluetooth
- UK Smart Plug Application Outlook (Revenue, USD Million, 2017-2030)
- Commercial
- Household
- Industrial
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Target buyers of UK smart plug market databook
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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 UK smart plug market , including forecasts for subscribers. This country databook contains high-level insights into UK smart plug market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK smart plug market size, by product support, 2017-2030 (US$M)
UK Smart Plug Market Outlook Share, 2022 & 2030 (US$M)
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