Press release
Electric Taps Market Expected to Reach USD 631.0 Million, registering a CAGR of 12.0%
The global electric taps market is driven by growing awareness of water and energy conservation and the long-term benefits of reducing utility bills. In 2019, the touchless taps segment led the market by product, while the commercial segment dominated in terms of end-use industry. The deck-mounted segment emerged as the most popular mounting type.According to a report by Allied Market Research titled "๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐ง๐ฎ๐ฝ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ by Product, End-use Industry, and Mounting Type: Opportunity Analysis and Industry Forecast, 2020-2027," the market was valued at $310.0 million in 2019 and is projected to reach $631.0 million by 2027, growing at a CAGR of 12.0%. Asia-Pacific held the largest market share at 37.5%, followed by LAMEA.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฃ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐:https://www.alliedmarketresearch.com/request-sample/A06212
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐๐ถ๐ด๐ต๐๐
Electric taps include touchless models with sensors for automatic water flow and instant heating taps for on-demand water heating.
Touchless Taps: Use motion sensors to control water flow, conserving water by operating only when needed.
Instant Heating Taps: Heat water instantly using an internal coil, saving energy by avoiding the need to heat and store large water volumes.
These innovations also enhance kitchen and bathroom aesthetics with modern, sleek designs.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐
๐๐ฟ๐ถ๐๐ฒ๐ฟ๐:
Rising adoption in public spaces to reduce contact, especially post-COVID-19.
Increasing demand for smart, AI-enabled products aligned with green building practices.
๐ฅ๐ฒ๐๐๐ฟ๐ฎ๐ถ๐ป๐๐:
High production costs and expensive initial investments hinder widespread adoption.
Disruption in supply chains during the COVID-19 pandemic slowed production and market growth.
๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ ๐๐ป๐พ๐๐ถ๐ฟ๐ https://www.alliedmarketresearch.com/purchase-enquiry/A06212
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐
Product Segmentation: Divided into touchless taps and instant heating taps, touchless models generated the highest revenue in 2019.
End-Use: The commercial segment dominated in 2019, but residential adoption is growing due to demand for smart home solutions.
Mounting Type: Deck-mounted taps were the leading choice, offering easy installation and widespread usability.
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐
Asia-Pacific: The largest market in 2019, driven by rapid urbanization and increasing construction activities.
North America and Europe: Expected to witness growth due to increasing adoption of sustainable building practices.
๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
Leading companies in the electric taps market include:
Cera Sanitaryware Limited
Kohler Co.
Moen (Fortune Brands)
LIXIL Group Corporation
Xiaomi Corporation
These companies are focusing on technological advancements and product launches to strengthen their market positions.
๐๐๐น๐น ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ช๐ถ๐๐ต ๐ง๐ข๐: https://www.alliedmarketresearch.com/electric-taps-market-A06212
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐
The touchless taps segment was the highest revenue contributor in 2019.
The commercial segment led the market based on end-use industry.
Deck-mounted taps dominated by mounting type.
Asia-Pacific garnered the largest market share in 2019.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry
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