According the report, Growing Popularity of Modular Kitchen and Residential Leisure Products is one of the primary growth factors for the market. Rising Hotel & Hospitality Industrial Expenditure with Increasing Tourism & Travelling is also expected to contribute significantly to the Electric Faucets market. Overall, Residential applications of Electric Faucets, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Electric Faucets market identified that the demand is rising in many different parts of the world as "Increasing Awareness Regarding Least Water Wastage by Using Electric Faucet ". Furthermore, some recent industry insights like "In January 2021, Kohler Co., a global leader in the design and innovation of kitchen and bath products, is going to expands its existing portfolio. Company has decided to add several new collections to its smart home portfolio. Company has introduces Touchless Bathroom Faucet collection, and two new products emerging from a collaboration with Phyn. With this expansion, company is able to provide unique features in existing portfolio." is constantly making the industry dynamic. One of the challenges that industry facing is "Availability of Alternatives and Huge Competition Owing to Presence of Several Market Players"

The Design, such as Horizontal, is boosting the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Installation, such as Wall Mounted, is boosting the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Sales Channel, such as Online, is boosting the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Material Type, such as Stainless Steel, is boosting the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Electric Faucets market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Electric Faucets market and other related sub-markets covered in the study.

o Key & emerging players in the Electric Faucets market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Electric Faucets market size is calculated using market estimation process, the Electric Faucets market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Electric Faucets market size has been validated using both top-down and bottom-up approaches.