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Sensor Faucet Market Explore Future Growth: LIXIL Group Corporation, Masco Corporation, Moen Incorporated, Jaquar, Kohler Corporation, Oras Limited, Pfister, Gessi S.p.A., Delta Faucet, Inc., and Roca Sanitario, S.A.

06-22-2019 08:47 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Sensor-Faucet

Sensor-Faucet

Sensor Faucet is a faucet laced with a proximity sensor and mechanism that enables its valve to open and close in response to the presence of a hand or hands in close proximity. Sensor faucet is used in public washrooms, airports, hotels, and other places. The proximity sensor in the faucet allows water to flow after detecting the presence of hand near the faucet.

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Increasing construction of smart buildings worldwide is one of the major factors driving growth of the market

Increasing construction of smart buildings worldwide is one of the major factors driving growth of the sensor faucet market. For instance, according to the Coherent Market Insights’ analysis, the number of smart buildings constructed in 2016 was 5.4 million units and is expected to increase to 107.3 million units by 2021, worldwide. Therefore, increasing construction of smart buildings is expected to propel installation of real- time system that facilitate remote or automatic functioning of systems.

Furthermore, sensor faucet offers several advantages over manual taps, owing to their water saving and energy efficient ability. Sensor faucets maintain constant temperature of water, which eliminates the need for increasing flow of electricity for changing water temperature.

Global Sensor Faucet Market: Regional Insights

The market for sensor faucet in Asia Pacific is expected to witness significant growth with highest CAGR over the forecast period. This is owing to increasing development of smart city and government initiatives for smart city projects in emerging economies such as India and China.

Global Sensor Faucet Market: Competitive Landscape

The global sensor faucet market is highly fragmented due to the presence of several established and regional players. Major players operating in the global sensor faucet market include, LIXIL Group Corporation, Masco Corporation, Moen Incorporated, Jaquar, Kohler Corporation, Oras Limited, Pfister, Gessi S.p.A., Delta Faucet, Inc., and Roca Sanitario, S.A.

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Coherent Market Insights
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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