Battery Powered Bath Accessories Market 2021 Global Industry Size, Demand, Growth Analysis, Share, Revenue and Forecast 2026
Market - Battery Powered Bath Accessories Market
Market Value - US$ 1,340.3 Mn in 2026
Market CAGR Value - 11.6 % in 2018 to 2026
Market Forecast Year - 2018 to 2026
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The future will witness the rise of intelligent bathroom applications with super intelligent bath accessories powered by advanced technology. This is expected to boost revenue growth of the global battery powered bath accessories market. According to a new report published by Persistence Market Research, revenue from the sales of battery powered bath accessories is projected to reach US$ 1,340.3 Mn by 2026 end. From a valuation of US$ 558.5 Mn estimated in 2018, this represents a growth rate of 11.6% during the eight year period from 2018 to 2026.
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Technology has revolutionized the fundamentals of living and smart home technology has permeated the lives of certain classes of people to a significant extent. With the concept of smart homes comes the evolution of smart bathrooms, complete with digitally powered bath accessories such as towel and soap dispensers and automatic faucets. High-end residential and commercial establishments are now introducing battery powered bath accessories to attract their target customer base. The entry of Artificial Intelligence (AI) in smart bathrooms has created demand for intuitive battery powered bath accessories capable of providing increased performance efficiency and enhanced functionality.
The report has profiled some of the Important players prevalent in the global like - Sloan Valve Company, Just Manufacturing Company, Bradley Corporation, Jaquar and Company, Chicago Faucets, Hydrotek International Inc., Toto Ltd., Monolith S.r.l., Umbra, Intersan Manufacturing Company, Oras Ltd., Roca Sanitario S.A., Kohler Co., Duravit AG, Masco Corporation and Lixil Group and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Battery Powered Bath Accessories.
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IoT and Digitization to Up the Demand for Battery Powered Bath Accessories in the Near Future
Futuristic bathrooms will solely rest on design innovation, with manufacturers introducing next-gen bathrooms with advanced bath accessories. Digitization and the Internet of Things (IoT) will spearhead this innovation, with key bathroom functions capable of being controlled with intelligent operations through interconnected and integrated systems and components. For instance, a single IoT enabled switchboard can control the temperature and lighting inside a bathroom.
The integration of IoT in bathroom accessories will help people track their heart rates, BMI, body fat, etc. This factor is expected to increase the demand for intelligent bathrooms with superior technology enabled bath accessories. Persistence Market Research predicts increased revenue growth of the battery powered bath accessories market as a result.
Optimization of Energy Costs Key Opportunity Area in the Battery Powered Bath Accessories Market
With rapid urbanization leading to an increase in global energy consumption, the need of the hour is the adoption of appliances and accessories that are easy on energy consumption levels. Battery powered bath accessories play a vital role in energy savings as compared to electrical bath accessories and several countries are moving towards smart bathrooms with smarter accessories to ensure stabilized energy costs.
Enhanced energy cost savings is an important factor acting in favor of revenue growth in the global market for battery powered bath accessories. Batteries are an efficient source of energy and are preferred over standard AC power owing to their long life. This will create increased opportunities in the global market, as manufacturers start introducing advanced battery powered bath accessories with superior functionalities.
Increasing Urbanization and Rapidly Changing Lifestyles Owing to Growing Awareness of Health and Hygiene Powering Sales of Battery Powered Bath Accessories
Several interrelated factors are instrumental in leading to a sudden demand surge in the global market for battery powered bath accessories. Rapid industrialization in urban areas has resulted in mass migration from rural to urban areas across the world; which in turn has increased the disposable income of the people owing to an increase in the number of jobs created as a result of industrialization; this has enhanced the standard of living of people, who are preferring technology enabled products and applications that cater to their daily needs and provide more convenience and ease of use.
A byproduct of urbanization is the increasing demand for residential and commercial spaces, leading to a growth in the global construction sector. These factors are anticipated to create substantial demand for battery powered bath accessories in the coming years.
A growing awareness of good hygiene is also driving revenue in the battery powered bath accessories market. Battery powered bath accessories provide touch-free, automatic access to bathroom applications and products especially in public areas, thereby reducing the transfer of harmful bacteria and in turn helping maintain hygiene levels. Persistence Market Research predicts the demand for battery powered bath accessories to increase across commercial establishments owing to the hygiene benefits associated with battery operated bathroom accessories.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Battery Powered Bath Accessories Market Manufacturers
Battery Powered Bath Accessories Market Distributors/Traders/Wholesalers
Battery Powered Bath Accessories Market Subcomponent Manufacturers
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Major Highlights of the Battery Powered Bath Accessories Market Report:
The Battery Powered Bath Accessories Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Battery Powered Bath Accessories Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
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What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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