The Energy Policy and Conservation Act, as amended, 42 U.S.C. 6291–6309 (EPCA) establishes energy conservation or water use standards and test procedures for certain consumer products, including faucets. The Department of Energy (DOE) last amended the test procedures for faucets on September 30, 2013. Under the provisions of 42 U.S.C. 6295(j) (3), the water use standards for faucets have not been amended.

The article cited AMA's "Global Residential Faucets Market Study" explored CAGR of 7.4%. According to the report, Sensor-Based and Battery Operated Faucets is one of the primary growth factors for the market. The Rapid Growth Exhibited By the Housing Industry is also expected to contribute significantly to the Residential Faucets market. Overall, Bathroom applications of Residential Faucets, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Material, such as Chrome, is boosting the Residential 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.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Residential Faucets market identified that the demand is rising in many different parts of the world as "Value Addition and Quality Improvement ". Furthermore, some recent industry insights like "In August 2023, Hindware Limited launched an array of innovative faucets in its product line, which consists of two new faucet ranges, “Fabio” and “Agnese,” featuring ground-breaking technology, style, and creativity. The expansion is aimed at providing integrated solutions with improved customer convenience, targeting its range of customers, Architects, Dealers, and Builders." which is constantly making the industry very dynamic.

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 Residential 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

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

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 Residential Faucets market and other related sub-markets covered in the study.

o Key & emerging players in the 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 Residential Faucets market size is calculated using market estimation process, the Residential 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 Residential Faucets market size has been validated using both top-down and bottom-up approaches.