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Thermostatic Mixers Market Trend Shows a Rapid Growth, Competitive Analysis, Future Prospects And Forecast 2031
The thermostatic mixers market size is projected to reach US$ 5.79 billion by 2031 from US$ 4.01 billion in 2023. The market is expected to register a CAGR of 4.7% during 2023-2031. The growing popularity of luxury products and home renovation projects is likely to remain among the key trends in the market.In smart bathrooms of various residential and commercial settings, consumers prefer products from luxury brands of products. This is expected to raise the demand for thermostatic mixers to regulate temperature and water flow from showers and taps precisely.
The List of Companies - Thermostatic Mixers Market
Hansgrohe SE
LIXIL Corp
TOTO Ltd
ROCA Group
Aquant
FIMA CARLO FRATTINI S.P.A.
Geberit AG
Hindware Home Innovation Ltd
Jaquar Group
Kohler Co
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Increasing investments in the construction sector and rising residential and commercial infrastructure are boosting the thermostatic mixers market growth. The growing proliferation of thermostatic mixers in hotels, resorts, spa centers, hospitals, and care centers bolsters the growth of the thermostatic mixers market globally.
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Thermostatic Mixers Market Share Analysis by Geography
Europe accounted for the largest share of the global thermostatic mixers market. The thermostatic mixers market in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The strong acceptance of thermostatic mixers in bathing and washing applications in the commercial and residential sectors is driving the thermostatic mixers market in Europe. The western part of Europe is characterized by a higher standard of living and a high GDP.
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