Wi-Fi Power Strip Market

Wi-Fi Power Strip Market: Introduction

• Wi-Fi power strips are increasingly being used to monitor and control smart home devices and appliances remotely
• These devices help confirm the safety and maintenance of smart home devices and decrease the chances of failure or damage
• 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
• Wi-Fi power strips are equipped with advanced voice controlled features, smart outlets with in-built USB ports, and energy monitoring features
• These devices are ideal for controlling smart and connected devices at home or home office set-ups or in game rooms
• Power strips also have built in surge protection to keep electronic devices safe and to reduce chances of failure, which is a major factor increasing preference and adding major protection level. This helps to boost the Wi-Fi power strips market.

Rising Demand for Wi-Fi Power Strip in Commercial Sector

• Based on end-user, the market can be segmented into residential, commercial, and industrial.
• The commercial segment of the global Wi-Fi power strip market is estimated to expand at a rapid pace during the forecast period due to the increasing use of Wi-Fi power strip in workplaces, offices, etc.
• Wi-Fi power strip also offers several benefits such as greater convenience, reduced power consumption, and remote access, which in turn are driving the Wi-Fi power strip market.
• Other advantages of Wi-Fi power strip include a user can control devices through voice commands through Alexa and Google assistant, which is further fuelling the demand for Wi-Fi power strip
• Some Wi-Fi power strips have six USB ports for little extra convenience that help reduce number of bulky charging and makes house more esthetically pleasing
• Smart home devices can be controlled using smartphones to turn off a lamp or any devices to avoid any potential damage due to heating, which in turn is also propelling the Wi-Fi power strip market

Asia Pacific to Lead Global Wi-Fi Power Strip Market

• In terms of region, the global Wi-Fi power strip market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Asia Pacific dominated the global market because of increasing the adoption electronic devices and expansion of the consumer electronics sector in the region. Innovation in technologies is expected to further increase the demand for Wi-Fi power strip.
• Rise in adoption of home automation devices and increase in demand for high-end and high performance electronic devices are major factors driving the market in Asia Pacific
• The market in North America is likely to expand at a steady pace during the forecast period due to less competition in the market in the region

Key Players Operating in Global Wi-Fi Power Strip Market

Key players operating in global Wi-Fi power strip market are focusing on technological advancements and expansions to cater to the rising demand for Wi-Fi power strip. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative and advanced technologies.

Key players operating in the global Wi-Fi power strip market include:

• Kasa Smart
• APC
• Jinvoo smart
• Nooie
• BN-LINK
• Wyze Labs, Inc.
• Feit Electric
• EDIMAX Technology Co., Ltd.
• Hangzhou Hongshi Electrical co., Ltd
• HomeMate Smart Private Limited
• ZOOOK

Global Wi-Fi Power Strip Market: Research Scope

Global Wi-Fi Power Strip Market, by Product Type

• Indoor
• Outdoor

Global Wi-Fi Power Strip Market, by Distribution Channel

• Online
• Offline

Global Wi-Fi Power Strip Market, by End-user

• Residential
• Commercial
• Industrial

Global Wi-Fi Power Strip Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa