Press release
Smart Bathrooms Market Size, Share Analysis and Forecast- 2023 | Key Drivers, Restraints and Opportunities
Sanitary ware is an essential lifestyle statement for the consumers in the recent years. With the technological advancement, the bathroom fixtures have witnessed a significant evolution in the last few years. Smart bathrooms have showcased an inclination in terms of demand generated by the Nonresidential and residential buildings especially in smart cities. Increase in emphasis on energy and water conservation marks a rise in traction of smart bathrooms among the consumers.Download PDF Sample Report @ https://www.alliedmarketresearch.com/request-sample/4387
The global smart bathrooms market is estimated to account for a market revenue of $1,230.29 million in 2016 and is expected to reach to $2,517.82 million in 2023, thereby registering a CAGR of 10.7% from 2017 to 2023.
Moreover, with the continuous advancement in technology, the bathroom fixture manufacturers shift their focus from conventional bathroom accessories to sensor enabled bathroom accessories. Smart bathroom market includes features such as touchless faucets, sensor enabled soap dispensers, automatic cistern systems, automatic hand dryers, and others. Smart bathroom market is expected to witness a significant growth among the Nonresidential and residential consumers owing to the need for maintaining hygiene and energy conservation.
The growth in awareness regarding health hygiene, water, and energy preservation among the consumers, is expected to propel the growth of the global smart bathrooms industry during the forecast period (2017-2023). The increased usage of automatic hand dryers and touchless soap dispensers contributes to the growth in demand for smart bathrooms market in the recent years. Furthermore, the increase in applications of touchless faucets in Nonresidential buildings is expected to drive the demand for global smart bathrooms market.
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Another feature of smart bathrooms that is expected to fairly contribute to the growth of the global market is smart windows. Smart windows are installed in bathrooms to regulate the heat inflow and outflow to maintain adequate temperature in the bathroom. Besides, rise in disposable income, changes in consumer lifestyle and increase in investments in building smart and energy efficient homes are also expected to drive the growth of the global smart bathrooms industry during the forecast period. However, the high cost associated with installation and maintenance is expected to act as a potential restraint for the growth of global smart bathrooms market.
Scope of The Report
By Type
Smart Windows
Hand Dryers
Touchless Cisterns
Smart Toilets
Touchless Soap Dispenser
Touchless Faucets
Others
By End-User Industry
Nonresidential
Residential
By Region
North America
Europe
Asia-Pacific
LAMEA
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Key Market Players
American Standard Brands
Bradley Corporation
Cera Sanitaryware Ltd
Cleveland Faucet Group(MOEN)
Delta Faucet Company
Grohe
Jacuzzi
Jaquar
Kohler
Novellini
Pfister (Spectrum Brands)
Roca Sanitario
Sloan Valve
Toto Ltd
Contact:
David Correa
Portland, OR, United States
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Fax: +1(855)550-5975
help@alliedmarketresearch.com
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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