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Bluetooth Smart Plugs Market Is Expected to Reach $5.38 Billion by 2030: Says AMR

Increase in demand for convenient user experience, growing deployment of home automation devices, and high adoption of wireless technologies fuel the growth of the global Bluetooth smart plugs market. Based on price, the low segment generated the highest share in 2020. Based on region, on the other hand, the market across Asia-Pacific would manifest the fastest CAGR by 2030.

Portland,OR, Oct. 26, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Bluetooth smart plugs market was estimated at $0.69 billion in 2020 and is expected to hit $5.38 billion by 2030, registering a CAGR of 24.3% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Download Free Sample Report (Get Detailed Analysis in PDF – 212 Pages): https://www.alliedmarketresearch.com/request-sample/14083

Increase in demand for convenient user experience, growing deployment of home automation devices, and high adoption of wireless technologies fuel the growth of the global Bluetooth smart plugs market. On the other hand, incompatibility with certain intelligent devices restrains the growth to some extent. However, rapid urbanization in Asia-Pacific countries is expected to create lucrative opportunities in the industry.

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COVID-19 Scenario

  • The global lockdown disrupted the supply chain for many industries across the world, which, in turn, delayed the supply of Bluetooth smart plugs, thereby impacting the market negatively.

  • Nevertheless, as the global situation is getting better, the market is anticipated to get back on track soon.

Get Detailed COVID-19 Impact Analysis On The Bluetooth Smart Plugs Market: https://www.alliedmarketresearch.com/request-for-customization/14083?reqfor=covid

The global Bluetooth smart plugs market is analyzed across type, price, end-use, and region.

Based on type, the three-hole plug segment accounted for the major share in 2020, holding nearly two-fifths of the global market. The same segment would also exhibit the fastest CAGR of 25.7% throughout the forecast period, while porous plug registered CAGR of 25.4% from 2021 to 2030.

Based on price, the low segment generated the highest share in 2020, accounting for more than two-fifths the global market. The medium segment, however, would exhibit the fastest CAGR of 25.6% from 2021 to 2030.

Based on region, the market across North America held the lion’s share in 2020, garnering more than two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 28.1% by the end of 2030. The other provinces studied in the report include Europe and LAMEA.

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The key market players analyzed in the global Bluetooth smart plugs market report include Belkin International Inc., Etekcity Corporation, iSmart Alarm Inc., Insteon, Panasonic Corporation, D-Link Corp., SDI Technologies Inc., Leviton Manufacturing Co. Inc., TP-Link Technologies Co. Ltd., and EDIMAX Technology Co. Ltd. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

CONTACT: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285 International: +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com