Global Thermostatic Faucets Market, By Hand Type (Knob and Lever) Handle (Single Handle and Multi Handle), Operation (Manual and Motion Sensing and Touch Activated), Sprayer Type (Pull-down, Pull-out and Side Sprayer), Installation (Deck Mount and Wall Mount), Material (Chrome , Stainless Steel , Bronze , Nickel and Others) Pricing (Below US$ 75, US$ 75-US$ 300 and Above US$ 300), End-Use (Residential and Commercial), Distribution Channel (Online and Offline), 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 2029.
The thermostatic faucet market is expected to be growing at a growth rate of 6.5% in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the factors responsible for fostering the growth of thermostatic faucet market which is due to factor such as increasing applications of modernised bathroom and kitchens.
A thermostatic faucet is a device or valve that assists in the release or delivery of water by adjusting the temperature. It works by blending hot and cold water from the plumbing system. The handle, spout, cartridge, lift rod, aerator, mixing chamber, and water inlets assist the user in maintaining a safe shower, ensuring constant water temperature for a specific period of time, and preventing the risk of scalding.
The robust growth in residential construction is expected to have a positive impact on thermostatic faucet sales. The thermostatic faucets market is expanding due to rising housing unit demand and reliance on modern faucets and luxury plumbing systems. The rising popularity of smart thermostatic faucets in the commercial sector, such as in hotels, hospitals, corporates, beauty and spa centres, and other commercial facilities, is also a major factor driving the thermostatic faucets market's growth.
Furthermore, increasing awareness about the use of thermostatic faucets due to their numerous benefits is encouraging market growth. Manufacturers' collaboration with architects, designers, and contractors by offering innovative faucets and promoting their products through various online channels provides an opportunity for the thermostatic faucets market to grow.
On the flip side, the major challenges in the global thermostatic faucets market are the high cost of technology and the disruption in the supply chain caused by the pandemic. Changing consumer preferences as a result of the introduction of new products, stringent government policies, and high transportation costs are also major concerns for the thermostatic faucets market. Increasing water management regulations will be the most challenging task for the growth of faucets during the forecast period.
This thermostatic faucet market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 thermostatic faucet 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 Thermostatic Faucet Market Scope and Market Size
Thermostatic faucet market is segmented of the basis of hand type, handle, operation, sprayer type, installation, material, pricing, end-use and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on hand type, the thermostatic faucet market is segmented into knob and lever.
- On the basis of handle, the thermostatic faucet market is segmented into single handle and multi handle
- On the basis of operation, the thermostatic faucet market is segmented into manual and motion sensing and touch activated
- On the basis of sprayer type, the thermostatic faucet market is segmented into pull-down, pull-out and side sprayer
- On the basis of installation, the thermostatic faucet market is segmented into deck mount and wall mount.
- On the basis of material, the thermostatic faucet market is segmented into chrome, stainless steel, bronze, nickel and others
- On the basis of pricing, the thermostatic faucet market is segmented into below US$ 75, US$ 75-US$ 300 and above US$ 300
- On the basis of end use, the thermostatic faucet market is segmented into residential and commercial.
- On the basis of distribution channel, the thermostatic faucet market is segmented into online and offline.
Thermostatic Faucet Market Country Level Analysis
The thermostatic faucet market is analysed and market size insights and trends are provided by country, of hand type, handle, operation, sprayer type, installation, material, pricing, end-use and distribution channel as referenced above.
The countries covered in the thermostatic faucet 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.
North America region dominates the thermostatic faucet market and will continue to excel its trend of dominance during the forecast period owing to increasing demand for bathroom and kitchen accessories. The growing awareness of water conservation is too held responsible for the widespread use of thermostatic faucets in North America. Asia-Pacific will register the highest growth for the forecast period owing to a large number of construction industries in the residential and commercial sectors, urbanisation, a young population, and the adoption of a western way of life. Another factor driving demand for thermostatic faucets in this region is the growing middle-class population, which is accompanied by rising disposable income.
The country section of the thermostatic faucet 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 Thermostatic Faucet Market Share Analysis
The thermostatic faucet 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 thermostatic faucet market.
Some of the major players operating in the thermostatic faucet market report are Franke Home Solutions, Delta Faucet Company, Gerber Plumbing Fixtures LLC, GROHE, Jaquar., Kohler Co., Colston Bath., Ferguson Enterprises, LLC., TOTO LTD, LIXIL Corporation., Paini., Fortune Brands Home & Security., Hansgrohe, Roca Sanitario, S.A., CERA Sanitaryware Limited., VITRA INTERNATIONAL AG. and Villeroy & Boch AG among others.