About Electric Faucets
Electric faucet is safe to use and it is non-polluting appliance. It is especially used for modernising kitchen and other for other commercial appliances. It consist of heat conducting material like magnesium powder. It effectively manages wastage of water. Hence, electric faucet mostly used at many commercial properties. Rising popularity of sustainable kitchen appliances and increasing hotel industry especially driving demand for electric faucet.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The electric market is highly competitive. With numerous competing markets. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electric Faucets market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Delta Faucet. (United States), Kohler (United States), American Standard (United States), Pfister (United States), CERA Sanitaryware Limited (India), Grohe (Germany), Hansgrohe (Germany), Whitehaus (United States), Huangshi Xingfa Technology Co.,Ltd. (China), Venis S.A. (Spain), Urbatek Ceramics S.A. (Spain), THG Faucet (China) and Sloan Valve Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ningbo Lenfam Electric Co., Ltd. (China) and Vantage Bloom Ltd. (Hong Kong).
Segmentation Overview
AMA Research has segmented the market of Global Electric Faucets market by Type (Touched and Touchless), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Electric Faucets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design, the sub-segment i.e. Horizontal will boost the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Installation, the sub-segment i.e. Wall Mounted will boost the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Stainless Steel will boost the Electric Faucets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Modular Kitchen and Residential Leisure Products
Market Growth Drivers:
Rising Hotel & Hospitality Industrial Expenditure with Increasing Tourism & Travelling, Preference for Modernising Infrastructural Facilities at Hotels has been Raised and Augmenting Urbanisation and Enhancement in Standard of Living
Challenges:
Availability of Alternatives and Huge Competition Owing to Presence of Several Market Players
Restraints:
Huge Cost of Electric Faucet over Others
Opportunities:
Increasing Awareness Regarding Least Water Wastage by Using Electric Faucet and Inclination towards Luxury Ambiance with Changing Lifestyle has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In March 2019, Delta Electronics, Inc., a global power and thermal management solutions provider has acquired Amerlux, LLC which is LED architectural lighting solutions company. Company has acquired 100% shares of Amerlux, LLC. With this acquisition, company is going to expand its portfolio of smart electric solution with sustainable offering.
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.
Key Target Audience
Electronic Faucet Manufacturers, Electronic Faucet Suppliers/Distributors, Raw Material/ Component Suppliers, Electronics Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.