Global Automatic Faucets Market, By Product Type (Battery Powered, Electric Powered), Energy Type (DC, AC), Application (Residential, Commercial, Others), Sales (Direct Sales, Indirect Sales), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Automatic Faucets Market
The automatic faucets market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 955.9 million by 2028 and grow at a CAGR of 7.40% in the above-mentioned forecast period.
Automatic faucets or a tap are fittings are generally 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 and provide hands-free operation for consumers. They halt the water flow 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 is the major factors fostering the growth of the market. Additionally, the increasing areas of application for these products due to the upgradation/modernization of bathrooms and kitchens from the end-users are also accelerating the demand for automatic faucets. However, the large levels of costs associated with the purchasing and maintenance of these products might impede the growth of market within the forecast period.
The factors such as development of automatic faucets also creates lucrative and remunerative market growth opportunities in the long run. On the flip side, the issue of counterfeit products pose as a major challenge for the market.
This automatic faucets market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automatic faucets market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automatic Faucets Market Scope and Market Size
The automatic faucets market is segmented on the basis of product type, energy type, application and sales. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the automatic faucets market has been segmented into battery powered, and electric powered.
- On the basis of energy type, the market is segmented into DC and AC.
- On the basis of application, the market is segmented into residential, commercial and others.
- On the basis of sales, the automatic faucets market is segmented into direct sales and indirect sales.
Automatic Faucets Market Country Level Analysis
The automatic faucets market is analyzes and market size insights and trends are provided by product type, energy type, application and sales as referenced above.
The countries covered in the automatic faucets market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automatic faucets market owing to the rising purchasing power of consumers and increasing disposable incomes. North America region is expected to score the highest CAGR due to the greater adoption of advanced kitchen appliances in the food service industry and homes within this region.
The country section of the automatic faucets market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automatic Faucets Market Share Analysis
The automatic faucets market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automatic faucets market.
The major players covered in the automatic faucets market report are Delta Faucet Company, Somany Ceramics, Rubbermaid Commercial Products, Moen Incorporated, 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 other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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