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Smart Shower Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Smart Shower Global Market
According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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
Smart Shower Market 2024 Key Insights:
• The smart shower market is expected to grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Surge In Smart Shower Market Growth Fueled By Increasing Demand For Home Automation
• Major Players In The Smart Shower Market Redefine Modern Shower Experiences With High-Performance And Water-Saving Features
• North America was the largest region in the smart shower market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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