Global Automatic Faucets Market By Product Type (Battery Powered, Electric Powered), Energy Type (DC, AC), Application (Residential, Commercial, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Automatic Faucets Market
Global automatic faucets market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the trends of adopting smart-home based products and equipments.
Market Definition: Global Automatic Faucets Market
Automatic faucets are fittings designed to provide hands-free operation for consumers. They are equipped with sensors and advanced mechanisms helping provide a consistent flow of water by detecting the presence of hands in proximity to the water-outlet. The faucets halt the flow of water automatically after a few seconds of operations or even if they cannot detect any presence close to the water outlet.
- Focus of consumers to adopt functional products for their homes that enhance the aesthetic appeal of the household; this factor is expected to boost the growth of the market
- Increasing areas of application for these products due to the upgradation/modernization of bathrooms and kitchens from the end-users; this factor is expected to propel the growth of the market
- Large levels of costs associated with the purchasing and maintenance of these products; this is the major factor restricting the market growth
Segmentation: Global Automatic Faucets Market
By Product Type
- Battery Powered
- Electric Powered
By Energy Type
- Direct Current (DC)
- Alternate Current (AC)
- North America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In February 2019, Delta Faucet Company exhibited their latest innovative range of kitchen and bath products during the “Kitchen & Bath Industry Show (KBIS)” held in Las Vegas, Nevada, United States from 19-21st February, 2019. The innovative technologies being made available to the consumers during the exhibition are “Broderick Collection”, “Dorval Bath Collection”, “Bowery Bath Collection”, “VoiceIQ Technology” and “Pendant Raincan Shower Head with H2Okinetic Technology and LED Lighting”. These innovative products will exhibit the company’s strategy to provide their customers with the latest innovations in technologies
- In December 2018, Somany Ceramics announced the availability of “French Collection” bath fittings product range. This availability will ensure and establish the company as a leading provider of bathroom-based products that can provide high performance benefits in the latest technological innovations. The products have been inspired by the growing trends of consumers to utilize smart home fittings
Global automatic faucets market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automatic faucets market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global automatic faucets market are Delta Faucet Company; Somany Ceramics; Rubbermaid Commercial Products; Guangdong chooyo sanitary wares co.,ltd; Moen Incorporated; Wenzhou Rozin Sanitary Wares Co., Ltd.; American Standard Brand; Kohler Co.; Danze, Inc.; Bela Sanitary Ware Co.,Ltd.; Jomoo Kitchen & Bath Co., Ltd.; BRIZO KITCHEN & BATH COMPANY; TOTO LTD.; Grohe AG; Sloan Valve Company; Stern Engineering Ltd. among others.
Research Methodology: Global Automatic Faucets Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure