Press release
Smart Shower Market Report 2024: Strategies And Recent Developments | LIXIL Corporation, Masco Corporation, Kohler Co., TOTO LTD., Jeld Wen Inc., Fortune Brands Innovations Inc
Smart Shower Market Characteristics
The Business Research Company offers in-depth market insights through Smart Shower Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The smart shower market size has grown rapidly in recent years. It will grow from $1.24 billion in 2023 to $1.4 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to increased focus on health and wellness, expansion of internet of things (iot), smart city initiatives, climate change concerns, increased consumer demand for automation.
The smart shower market size is expected to see rapid growth in the next few years. It will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to rising consumer awareness, integration with smart home ecosystems, energy efficiency concerns, increasing disposable income, government initiatives for water conservation. Major trends in the forecast period include biometric integration, ai-driven personal assistants, water recycling systems, augmented reality (AR) shower design, hybrid water heating systems.
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Market Segmentation:
The smart shower market covered in this report is segmented -
1) By Product Type: Smart Shower Systems, Smart Shower Heads, Smart Shower Accessories
2) By Technology: Digital Showers, Voice Activated Showers, Wi-Fi Connectivity, Bluetooth Connectivity
3) By Application: Residential , Commercia
4) By Distribution Channel: Online, Offline
Major Driver - Surge In Smart Shower Market Growth Fueled By Increasing Demand For Home Automation
Increasing demand for smart home automation is expected to propel the growth of the smart shower market. Smart home automation integrates technology to automate and control functions like lighting or security. Smart home automation uses smart showers to enhance user comfort and energy efficiency by allowing remote control, personalized presets, and automated features, ensuring a luxurious and tailored shower experience while promoting resource conservation and convenience. For instance, in June 2022, according to Mortgage Cadence LLC, a US-based lending software and platform company, Americans spent $1,172 on smart home technology, and they are willing to spend an average of $2,475. Therefore, increasing demand for smart home automation is driving the growth of the smart shower market.
Competitive Landscape:
Major companies operating in the smart shower market report are LIXIL Corporation, Masco Corporation, Kohler Co., TOTO LTD., Jeld Wen Inc., Fortune Brands Innovations Inc., Roca Sanitario S.A., American Standard Brands, Hansgrohe SE, Moen Incorporated, Bradley Company LLC, Delta Faucet Company, Jaquar & Co. Pvt. Ltd., Jacuzzi Brands Inc., Pfister And-Company Inc., Dornbracht AG & Co. KG, Cera Sanitaryware Limited, WaterHawk, Sloan Valve Company, Crosswater Limited, Norcros plc, ThermaSol, LAUFEN Bathrooms AG, High Sierra, Wassa
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Top Trend - Major Players In The Smart Shower Market Redefine Modern Shower Experiences With High-Performance And Water-Saving Features
Major companies operating in the smart shower market are developing innovative products, such as the modern shower range, to introduce a new range of modern and innovative shower products that offer high performance, water-saving capabilities, and unique design features. A modern shower range typically refers to a collection of contemporary shower products that incorporate the latest design trends, innovative features, and high performance. For instance, in January 2023, Hansgrohe SE, a Germany-based manufacturing company, launched the Pulsify smart shower modern range in the UK, which offers customers daily luxury shower routines at home with various options such as hand showers, a wall bar, and multiple overhead shower options. The Pulsify shower collection features the company's powder rain spray technology, which provides an extraordinary shower experience. The collection is designed to fit perfectly into different shower spaces, making it suitable for both large and small bathrooms.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Shower Market Characteristics
3. Smart Shower Market Trends And Strategies
4. Smart Shower Market - Macro Economic Scenario
5. Smart Shower Market Size And Growth
…..
27. Smart Shower Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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