How big is the Smart Plug Market | Industry Trends & Forecast 2025

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Code: MTA9788

Publication Date: Oct 2025

What is the size of Smart Plug Market?

According to 6Wresearch internal database and industry insights, the Global Smart Plug Market was valued at USD 5.7 Billion in 2024 and is expected to reach USD 11.2 Billion by 2031, growing at a compound annual growth rate of 10.40% during the forecast period (2025-2031).

The main drivers of this growth are the increasing adoption of smart home technologies, the growing demand for energy-efficient devices, and the rising trend of remote monitoring and control of home appliances through connected devices.

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Growth Factors for Smart Plug Industry

Growing adoption of smart homes and IoT technologies in residential buildings.
Rising awareness about energy conservation and demand for energy-efficient devices.
Integration of smart plugs with virtual assistants like Amazon Alexa and Google Assistant.
Increasing popularity of remote monitoring and control of appliances via smartphones.
Advancements in wireless communication technologies like Wi-Fi, Zigbee, and Bluetooth.

Smart Plug Market Trends

The demand for smart plugs is increasing as consumers adopt home automation systems for convenience and energy savings. Smart plugs are becoming more integrated into the entire smart home ecosystem, with some plugs enabling users to have a fully integrated experience with other smart devices or appliances by managing everything from smart home applications and voice commands.

The trend toward energy conservation is also driving innovation as smart plugs monitor energy consumption and provide real-time data. Innovations are also being driven by consumer demand around compatibility with AI-based virtual assistants.

Emerging Developments in the Smart Plug Market

The smart plug market is in an evolution with developments focused on improved energy efficiency and integration with other smart home products. Newer smart plug models have features built in for tracking energy usage, scheduling, and voice control, creating greater convenience and control for the user.

Development is also focused on improving ease of installation and better compatibility with multiple ecosystems of smart home products, such as smart lighting, thermostats, and security systems. Other developments are around integrating renewable energy sources and advanced sensors for expanding applications for smart plugs.