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Global Smart Bathroom Market Analysis, Market Segment, Key Player and Region Forecast 2017 to 2023

03-29-2018 02:43 PM CET | Industry, Real Estate & Construction

Press release from: Market Research Future (MRFR)

Global Smart Bathroom Market Analysis, Market Segment, Key

Market Research Future published a raw research report Global Smart Bathroom Market that contains the information from 2017 to 2023. The Global Smart Bathroom Market is expected to grow at~ 7% CAGR from 2017 to 2023.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Smart Bathroom Market Information from 2017 to 2023"

Global smart bathroom market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The market is primarily driven due to rapid growth in the construction industry with high demand for luxurious features, as one of the primary growth factors. Smart bathrooms are widely used in both, residential sector, and commercial sector.

The smart bathroom market is driven by the wide adoption of smart bathroom products in urban areas. As per the UN, approximately 54% of the global population resides in urban areas. This percentage is expected to increase up to 66% by 2050. To combat the increasing stress on infrastructure and utilities, construction companies are investing on the development of smart buildings with features such as smart bathrooms to promote sustainable development and efficient energy management. Smart bathrooms optimally enclose various integrated solutions such as smart toilets, automatic flush systems, and automatic faucets. These systems help conserve water and energy.

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Increasing concern regarding energy conservation, hygiene maintenance, and sustainable development has given rise to the demand for smart bathrooms. For instance, in the U.S., smart bathrooms are gaining importance as they are equipped with advanced technologies that help conserve energy and maintain hygiene. Similarly, in most of the European nations, the government has introduced the concept of smart bathrooms in the construction market to control and reduce high energy costs. In Asia-Pacific, countries such as China, and India are witnessing massive population growth & urbanization. These have led to an increase in demand for energy, water, and housing. To combat this challenges, the government is encouraging the construction of smart buildings.

Global smart bathroom market has been segmented based on product types, end-use and regions. On the basis of product types, the market has been segmented as smart windows, hand dryers, touchless cisterns, touchless soap dispensers, smart toilets, touchless faucets, and others. Touchless faucets is expected to dominate the market due to its growing application in both, commercial and residential sector. Based on the end-use the market has been segmented as residential and commercial. The residential sector is expected to hold a major market share during the forecast period, due to the increasing population and growth in disposable income.

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Asia Pacific Smart Bathroom market, expected to grow at the highest CAGR

Asia Pacific region holds the largest share of the market, in 2016, and is expected to grow at a high rate. The continuous growth in residential and commercial sector in Asia Pacific, requires a smart bathroom for decorative and modern interiors with luxurious features. Also, the growing attention towards the development of modern infrastructure with beautiful interior are majorly contributing in the growth of smart bathroom in this Asia Pacific for forecast period.

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 Bradley Corporation (U.S)
 Grohe AG (Germany)
 Little Giant (U.S)
 Kohler Co. (U.S)
 Moen, Inc. (U.S)
 Delta Faucet Company (U.S)
 Toto Ltd. (Japan)
 Gerber Plumbing Fixtures LLC (U.S)
 Roca Sanitario, S.A. (Spain)
 American Standard Brands (U.S)
 Sterling Faucet Co. (U.S).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global smart bathroom market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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