Press release
Smart Bathroom Market Latest, New Business Opportunities 2030 | Masco Corporation, Kohler Co.
New York , United States- Report Ocean published the latest research report on the Smart Bathroom market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Smart Bathroom market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.The global Smart Bathroom Market size is anticipated to reach USD 9775.4 million by 2026. In 2017, the smart toilet segment dominated the overall market followed by touchless faucets. The North American region dominated the global market, in terms of revenue in 2017.
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The growing demand for automation along with increasing costs associated with energy use increases the demand for Smart Bathroom solutions. The increasing integration of smart bathrooms in the development of smart homes, along with government regulations regarding energy use and emissions support the market growth. The rising adoption of Internet of Things (IoT), and smart devices boosts the adoption of smart bathroom solutions. Other factors driving the market growth include growing penetration of mobile devices, technological advancements, and adoption of home automation solutions. New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for Smart Bathroom industry in the coming years.
There has been an increasing use of digital faucets to conserve water and energy. Digital faucets decrease tap flow and manage digital temperature-control settings, conserving money and water. It uses infrared tap technology to monitor the user and turn off upon sensing removal of user's hands from under the faucet. It uses programmable features, such as timed shower setting or a teeth-brushing option that runs for an allotted time frame.
Google has filed patents to enhance its offerings in this industry. The patents exhibit toilet seats and bath mats with embedded sensors with the capability to measure heart rate and body electrical patterns. It also describes a non-invasive camera in the bathroom mirror to detect skin color. These features provide health updates to users to monitor health regularly.
The primary factors driving the market growth in the North American region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the market in North America. The increasing concerns regarding personal hygiene, high disposable incomes, increasing development of smart homes, and growing adoption of connected devices and IoT further increase the demand of Smart Bathrooms in the region.
In 2020, the COVID-19 epidemic had a negative impact on ICT investment. The traditional hardware market took a hit as a result of the COVID-19 outbreak. On the other hand, traditional software is a huge contributor to productivity and is a big benefactor of ICT spending. Cloud computing and mobile devices are emerging as new platforms for delivering the most up-to-date software tools and applications.
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The well-known companies profiled in the smart bathroom market report include Toto Ltd, Masco Corporation, Kohler Co., Duravit AG, Roca Sanitario S.A, Bradley Corporation, American Standard Brands, Cera Sanitaryware Ltd., Delta Faucet Company, and LIXIL Group Corporation. These companies launch new products and collaborate with other market leaders in the smart bathroom industry to innovate and launch new products to meet the increasing needs and requirements of consumers.
The global smart bathroom market on the basis of product, component, end-user and region:
Smart Bathroom Product Outlook (Revenue, USD Billion, 2015 - 2026)
Smart Windows
Smart Toilets
Touch-less Faucets
Soaking Tubs
Others
Smart Bathroom Component Outlook (Revenue, USD Million, 2015 - 2026)
Hardware
Software
Services
Smart Bathroom End-user Outlook (Revenue, USD Million, 2015 - 2026)
Residential
Non-Residential
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Smart Bathroom Regional Outlook (Revenue, USD Million, 2015 - 2026)
North America
U. S.
Canada
Europe
U. K.
Germany
France
Spain
Italy
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
Korea
Thailand
Malaysia
Singapore
Australia
Philippines
Indonesia
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
Oman
South Africa
Rest of MEA
What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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