Smart
Outlet Market Research Report (2017-2022) Provides In-Depth Analysis by
Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers
and Upcoming Trends. Smart Outlet Market report split global into several key
Regions which mainly includes Market Overview, Table of Content, List of
Figures and Applications. Smart Outlet Market Growing at Higher CAGR Rate of
XX% between 2017-2022.
Smart outlet market growth is anticipated at a higher CAGR
and is fueled by factors such as energy saving and emission reducing devices.
In fact, modern homes offer electricity to electrical devices via conventional
power junction. Power sockets are not much evolved as fast as everyday devices;
despite they tend to be one of the better solutions for smart homes, since the
concept of smart homes is gaining traction.
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Technically, a smart power
socket uses a Wi-Fi based power outlet that can switch on and off the power
from outlet. Common examples include MyPlug, MeterPlug, SafePlug, SmartPlug and
PlugWise. SafePlug is one of the most advanced off-the-shelf developments as it
can switch on/off the power and constantly monitors current consumption in
real-time and identifiesappliances to avert electrical shocks and fires. The
above-mentioned power sockets have common functionalities but there is a small
difference of proprietary wireless technology. Also, a smart outlet needs a
regular home circuit breaker in case of instant reaction by a smart power
outlet.
Power outlets usually need
different safety measures to prevent electrical shocks. Most common ones
include addition of a third prong which minimizes the risk of electric shock
and guards the equipment from electrical damage. Power sockets are also
encapsulated into a tamper resistant receptacle which prevents insertion of
objects. There are power outlets which assist in reducing the electrical shocks
when an arc fault occurs in the circuit. Other type includes prevention of
shocks by shutting off the power when electricity flowing through the circuit
is much superior to the one is returning. Overall, with such advantages
possessed by power outlets, the demand for smart homes coupled with smart
outlets augments the market growth for the forecast period.
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Smart outlet market driving
factors is inclusive of rising demand for safety in electrical home devices and
the need for more sophisticated electrical infrastructure in smart cities.
Additionally, the concept of smart outlet is derived from smart homes which
helps in flourishing of the market during the assessment period. On the basis
of type, the smart outlet market is segmented into reading socket, regular
socket and remote control socket. On the basis of application, the smart outlet
market is segmented into household and commercial.
And Continue………….
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