The thermostatic faucet global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Thermostatic Faucet Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The thermostatic faucet market size has grown strongly in recent years. It will
grow from $10.07 billion in 2023 to $11.08 billion in 2024 at a compound annual
growth rate (CAGR) of 10.1%. The growth in the historic period can be
attributed to rise in demand for energy-efficient home appliances, rise in the
number of green building projects, rise in concerns over scalding accidents,
growth in hospitality sector investments, and growth in the construction of
luxury hotels.
The thermostatic faucet market size is expected to see strong growth in the
next few years. It will grow to $16.39 billion in 2028 at a compound annual
growth rate (CAGR) of 10.3%. The growth in the forecast period can be
attributed to increasing urbanization, increasing construction activities,
growing emphasis on hygiene and touchless solutions, rising disposable incomes,
and increasing awareness regarding water conservation. Major trends in the
forecast period include technological advancements, smart home technologies,
touchless technology, water-saving technologies, and internet of things (IoT)
technology.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/thermostatic-faucet-global-market-report
Scope Of Thermostatic Faucet Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Thermostatic Faucet Market Overview
Market Drivers -
The rising number of residential houses is expected to propel the growth of the
thermostatic faucet market going forward. Residential houses are structures
intended for living, such as single-family homes, apartments, and condos. The
rising number of residential houses is driven by population growth,
urbanization, and government policies. Thermostatic faucets are used in
residential buildings to provide an added layer of convenience and safety by
maintaining a consistent water temperature, which helps prevent sudden
temperature fluctuations and reduces the risk of burns. This ensures a
comfortable and reliable user experience, making thermostatic faucets a
valuable addition to modern home plumbing systems where safety and efficiency
are priorities. For instance, in March 2024, according to the Australian Bureau
of Statistics, an Australia-based government agency, there are 30,992 dwellings
of private new houses, rising 3.7% from December and an increase of 14.6% since
March 2023. Therefore, the rising number of residential houses is driving the
growth of the thermostatic faucet market.
Market Trends -
Major companies operating in the thermostatic faucet market are focused on
developing advanced technologies, such as sustainable touchless faucets, to
help reduce water waste. Sustainable touchless faucets enhance user convenience
and hygiene, contributing to water conservation and energy efficiency and
reflecting the industry's commitment to innovative solutions and eco-friendly
practices. For instance, in September 2024, Chicago Faucet, a US-based
manufacturer of commercial plumbing faucets, launched EQ Arc, sustainable
touchless faucets, a new addition to the EQ Series of hands-free faucets. It
presents a sleek mini-arc spout design that merges reliable performance with
contemporary aesthetics, making it ideal for commercial restroom environments.
It provides versatile power options, including a self-sustaining water turbine
and a long-lasting battery, while optimizing water conservation with a flow
rate of 0.50 gpm. Additionally, the faucet features an optional integrated
thermostatic mixing valve, enhancing temperature control and minimizing
potential leak points.
The thermostatic faucet market covered in this report is segmented –
1) By Product: Single Lever, Two Handle, Other Products
2) By Distribution Channel: Online, Offline
3) By End User: Commercial, Residential
Get an inside scoop of the thermostatic faucet market, Request now for Sample
Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19219&type=smp
Regional Insights -
North America was the largest region in the thermostatic faucet market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the thermostatic faucet market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the thermostatic faucet market are Ferguson PLC,
LIXIL Corporation, Masco Corporation, Kohler Co. Inc., Rocca Sanitario,
Sinosteel Corporation, Grohe AG, Moen Inc., Delta Faucet Company, Hindware Home
Innovation Limited, Cera Sanitaryware Ltd., Rohl LLC, Speakman Company,
Pfister, Paini Spa Rubinetterie, Jaguar Group, Alton Bath Decor Private
Limited, Colston Bath, Sento, Neenan Company Showroom
Table of Contents
1. Executive Summary
2. Thermostatic Faucet Market Report Structure
3. Thermostatic Faucet Market Trends And Strategies
4. Thermostatic Faucet Market – Macro Economic Scenario
5. Thermostatic Faucet Market Size And Growth
…..
27. Thermostatic Faucet Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model:
https://www.thebusinessresearchcompany.com/global-market-model
No comments:
Post a Comment