Global Thermostatic Faucet Market Trends Analysis Report 2021-2028: Demand for Water and Energy Conservation – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Thermostatic Faucet Market Size, Share & Trends Analysis Report by Product (Single Lever, Two Handle and Others), by End-user (Residential, Commercial), by Region, and Segment Forecasts, 2021 – 2028” report has been added to ResearchAndMarkets.com’s offering.

The global thermostatic faucet market size is expected to reach USD 11.59 billion by 2028, registering a CAGR of 5.29% over the forecast period. The COVID-19 pandemic has affected nearly every industry sector. The focus of the consumer has shifted towards daily essentials thereby impacting the non-essential industry like plumbing. Several home renovation activities were put on hold in 2020.

Several key players in the market are providing modern faucets, which provide aesthetic appeal and are hygienic for usage. Also, the World Health Organization (WHO) has recognized the inadequacies of conservative public toilet design thereby propelling the need for thermostatic faucets in hospitals and other healthcare facilities.

Moreover, product innovation is expected to boost the adoption of thermostatic faucets among consumers. For instance, Delta Faucets provides Touch2O technology, which enables the flow of water to be activated by flouting the capacitance field anywhere around the device. Also, the rise in product offerings via social media and e-commerce platforms is influencing the way consumers purchase products. Many players in the market are pursuing both direct-to-consumer and online channels.

According to the WHO, in several developing countries, the impact of Healthcare-Associated Infections (HAIs) is greater than in developed countries. Also, the advent of smart faucets has lowered frequent contact with the handles thereby making them more hygienic. Companies are increasingly focusing on strategic partnerships as these growth strategies help target a larger audience and increase brand visibility.

Thermostatic Faucet Market Report Highlights

• The comfort and safety provided by thermostatic faucets is a major factor anticipated to drive the product demand across the globe
• Based on product type, the global market is categorized into a single lever, two-handle mixers, and others. The single lever handle segment held the maximum revenue share in 2020 due to high demand for these products in the residential sector
• Supportive government plans for affordable housing and low housing loans are major factors encouraging homeowners to invest in home remodeling and refurbishment
• Asia Pacific is expected to witness the fastest growth rate from 2021 to 2028 due to the increasing consumer disposable income, availability of advanced products, and rise in the housing & residential construction sector

   

Key Topics Covered:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

3.1 Market Introduction

3.2 Impact of COVID-19 on Thermostatic Faucet Market

3.3 Industry Value Chain Analysis

3.4 Penetration & Growth Prospect Mapping

3.5 Market Dynamics

3.5.1 Driver Impact Analysis

3.5.1.1 Growing awareness towards sanitation & hygiene

3.5.1.2 Demand for water and energy conservation

3.5.2 Restraint Impact Analysis

3.5.2.1 High cost levied on thermostatic faucets

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6 Business Environment Analysis

3.7 Roadmap of Thermostatic faucet

3.8 Market Entry Strategies

Chapter 4 Consumer Behavior Analysis

Chapter 5 Thermostatic Faucet Market: Product Analysis and Estimates

Chapter 6 Thermostatic Faucet Market: End-user Analysis and Estimates

Chapter 7 Thermostatic Faucet Market: Regional Estimates & Trend Analysis

Chapter 8 Competitive & Vendor Landscape

Chapter 9 Company Profiles

• Grohe AG
• Kohler Co.
• Roca Sanitario SA
• Moen Incorporated
• Masco Corporation
• LIXIL Corporation
• Geberit AG
• Reliance Worldwide Corporation Ltd.
• Cera Sanitaryware Ltd
• Jaguar Group

   

For more information about this report visit https://www.researchandmarkets.com/r/ym04tq

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