The latest Smart Wi-Fi Power Strip market research report is a compilation of the latest growth trends and the emerging market segments. The report adeptly draws reader’s attention to the ever-changing patterns of the Smart Wi-Fi Power Strip industry and its prominent facets, infrastructural properties, and highly dynamic environment. The report lists down some critically important parameters that help the market bolster its global foothold and contribute substantially to future revenue generation. Our team of experts has included specific details related to the Smart Wi-Fi Power Strip industry, such as product offerings, sales and revenue estimates, leading regions, key market contenders, and technological upgradation in the report.

The global smart wi-fi power strip market size is expected to reach USD 4.95 billion by 2028 at a CAGR of 19.8%, according to a new report by Emergen Research. Substantial increase in market revenue can be attributed to growing adoption of smart homes and home automation devices, increasing compatibility of power strips with virtual assistants such as Alexa, Cortana, Siri, or Google Assistant, improved Wi-Fi connectivity for home and office settings, and rising focus on safety of smart home appliances.

Smart wi-fi power strips are increasingly being used to control and monitor smart home devices and appliances remotely. These devices help ensure the safety and maintenance of smart home devices and decrease the chances of malfunction or damage. These electric strips are Wi-Fi enabled and feature built-in surge protection that keeps sensitive electronic appliances safe during sudden power surges caused by extreme weather conditions. Smart wi-fi power strips are equipped with advanced voice control features, energy monitoring features, and smart outlets with in-built USB ports. These devices are ideal for controlling smart and connected devices at home or in game rooms or home office set-ups.

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The report by Emergen Research, titled ‘Global Smart Wi-Fi Power Strip Market,’ studies a wide spectrum of factors impacting the performance of the Smart Wi-Fi Power Strip market. The report includes a historical analysis of the market from 2017 to 2018 to provide the reader with a deep understanding of the current market scenario. Moreover, it offers accurate market estimations for the forecast period (2019-2028).

The report is the latest document encompassing the profound changes in the market dynamics and trends that followed the COVID-19 outbreak. The global health crisis has led to massive changes in the global economic scenario and, particularly, this business sphere. The pandemic has drastically affected the Smart Wi-Fi Power Strip market with disruptions to supply chains and volatility in prices and demands. The remarkable impact of the pandemic on the Smart Wi-Fi Power Strip industry and its crucial segments has been depicted in the report. However, the market is expected to regain momentum in the post-COVID scenario, as per market experts.

Competitive Landscape:

The research offers an in-depth survey about the performance of each key player in the Smart Wi-Fi Power Strip market. It provides information about their current advancements and key market strategies. The Smart Wi-Fi Power Strip report also aims to provide additional information about suppliers, buyers, and manufacturers. The study offers a comprehensive analysis of market share, consumption, growth rate, and product type, and application growth. It further offers comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. The company profiles of the established and new players have also been assessed in the Smart Wi-Fi Power Strip report through effective analytical tools like SWOT analysis.

Top key Companies in Smart Wi-Fi Power Strip Market are:

TP-Link (Kasa Smart), Felion Technologies Company Limited (Vocolinc), D-Link Corporation, ConnectSense, Aracky, Belkin, Lasco, Lanberg, Teckin, Acme, Gosund, myLumii, Lexsong, and LeFun are some of the top companies operating in the global smart wi-fi power strip market.

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Segmentation Landscape:

The report further segments the Smart Wi-Fi Power Strip market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the projected period. The study focuses on the growth rate of every segment and is explained through detailed graphs, figures, charts, and tables. These segments are analysed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Smart Wi-Fi Power Strip industry in key regions.

For the purpose of this report, the global smart wi-fi power strip market is segmented on the basis of product type, application, distribution channel, and region:

• Product Type Outlook (Revenue, USD Billion; 2018-2028)
  • Indoor power strip
  • Outdoor power strip

• Application Outlook (Revenue, USD Billion; 2018-2028)
  • Household
  • Commercial
  • Industrial
  • Others

• Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
  • Online channels
  • Offline Stores

Some Key Highlights of the Report:

• In terms of application, the global smart wi-fi power strip market is segmented into household, commercial, industrial, and others. The commercial segment is projected to register the highest revenue growth rate in the coming years. Factors contributing to the growth of this segment are increasing commercial applications of smart wi-fi power strips including use in workplaces and offices, and rising demand for these devices due to various advantages such as greater convenience, reduced power consumption, and remote access.
• The global smart wi-fi power strip market comprises distributions channels including online channels and offline stores. The online channels segment emerged as the leading segment in terms of revenue in 2020. Growth of this segment can be attributed to the easy availability of smart wi-fi power strips on various online platforms such as Amazon, Flipkart, and eBay and increasing preference for online shopping due to greater convenience and availability of options, as well as good offers and discounts.
• North America was the leading regional market in the global smart wi-fi power strip market in 2020. Increasing adoption of smart homes and high disposable incomes of consumers in the region are key factors driving the North America market growth to a major extent.
• The smart wi-fi power strip market in Asia Pacific is projected to register the highest revenue growth rate during the forecast period, owing to many favorable factors. Changing lifestyles, increasing purchasing power of consumers, particularly in the developing countries like China and India, growing adoption of home automation devices, and rising demand for high-end and high-performance electronic devices are the major factors driving the Asia Pacific market growth.

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Regional Landscape:

The report gives a comprehensive analysis of the Smart Wi-Fi Power Strip market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the Smart Wi-Fi Power Strip market throughout the forecast period.

The complete regional analysis covers:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The Global Smart Wi-Fi Power Strip Market is formulated through extensive primary and secondary research, which is further validated and verified by industry experts and professionals. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. Moreover, the report also offers a feasibility study and investment return analysis to assist the readers in making strategic investment plans.

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Key takeaways of the Global Smart Wi-Fi Power Strip Market report:

• The report sheds light on the fundamental Smart Wi-Fi Power Strip market drivers, restraints, opportunities, threats, and challenges.
• It elaborates on the new, promising arenas in the leading Smart Wi-Fi Power Strip market regions.
• It examines the latest research & development projects and technological innovations taking place in the key regional segments.
• The research report reviews the regulatory framework for creating new opportunities in various regions of the Smart Wi-Fi Power Strip market
• It focuses on the new revenue streams for the players in the emerging Smart Wi-Fi Power Strip markets.
• Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.

Overview of the TOC of the Report:

• Introduction, Scope, and Overview
• Opportunities, Risks, and Drivers
• Competition landscape analysis with sales, revenue, and price
• Extensive Profiling of the Smart Wi-Fi Power Strip key competitors with the sales figures, revenue, and market share
• Regional analysis with sales, revenue, and market share for each region for the forecast period
• Country-wise analysis of the Smart Wi-Fi Power Strip market by type, application, and manufacturers
• Smart Wi-Fi Power Strip Market Segmentation based on types
• Smart Wi-Fi Power Strip Market segmentation based on applications
• Historical and forecast estimation

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