Industry Background:
Automatic faucets are works for faucets with motion sense feature with automatic activation. This automatically allows the user to turn the water on and off with the wave of the hand. Its ready sensors detect any type of object to make the task easier. It has a wave sensor which detects the movement of hands to activate water flow. With the increasing consumer behavior towards interior designing along with rising purchasing power of the consumer is creating a huge demand for this product. Another reason is the rising number of commercial buildings in developed regions is creating huge growth potential in the future. Thus, the demand for sensor faucets across the globe will increase. Unlike other sensors, these sensors even save resources such as water. In addition to this, continuous technological advancements, as well as up surging disposable incomes, will generate numerous opportunities over the forecasted period. Sensor faucets are the automated water taps which can be made up of Infra-red Sensor Faucet, and Touch Button Faucets. Also, check latest insights that AMA Research revealed in latest research coverage on "
Electronic Faucets Market Share & Industry Growth Analysis".
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Grohe (Germany), Kohler (United States), Moen (United States), American Standard (United States), TOTO (Japan), Kingston Brass (United States), LightInTheBox (China), Rozin Sanitary Wares Co., Ltd. (China), Delta Faucet (United States) and Beelee (China) |
This growth is primarily driven by With the rising number of smart homes and smart city projects in developing countries. Along with raising awareness towards rising construction automation and introduction to artificially intelligent sensors. With the rise in technology advancement and rising consumer purchasing power is driving this market..
Globally, a noticeable market trend is evident Rising Adoption of IoT Based Technology
Major Manufacturers, such as Grohe (Germany), Kohler (United States), Moen (United States), American Standard (United States), TOTO (Japan), Kingston Brass (United States), LightInTheBox (China), Rozin Sanitary Wares Co., Ltd. (China), Delta Faucet (United States) and Beelee (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global Automatic Faucets market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Key Developments in the Market:
In December 2020, Delta Faucet Company, a division of Masco Corporation and one of the leading manufacturers of residential and commercial faucets in the United States, entered into a definitive agreement for Masco Corporation to acquire the assets of online plumbing company Kraus. Offering modern, high-quality sinks, faucets and related products
In Jan 2020, Kohler revealed innovative kitchen and bath products, the company introduce five new products which include touchless toilet technology. The company uses advanced technology in their product to become more competitive in the market.
Influencing Trend:
Rising Adoption of IoT Based Technology, Growing Habit of Touchless Soap and Automatic Hand Dryers and Continues Research and Developments and Increasing Applications of Touchless Faucets
Market Growth Drivers:
With the rising number of smart homes and smart city projects in developing countries. Along with raising awareness towards rising construction automation and introduction to artificially intelligent sensors. With the rise in technology advancement and rising consumer purchasing power is driving this market.
Challenges:
Rising Threats of Substitution and Lack of Awareness about Smart Systems from Underdeveloped Economies
Restraints:
High Installation Cost and Required Maximum Post Purchase Maintenance
Opportunities:
Approval of Smart Bathroom on Airport, Need To Innovation in Water Saving Technology and Increasing Disposable Incomes from Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automatic Faucets Market
- Analysis about New Entrants in Automatic Faucets Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automatic Faucets Study Sheds Light on
The Automatic Faucets Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automatic Faucets industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automatic Faucets industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.