Report Code: A10617 | Pages: NA | Mar 2023 | 2082 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electric Faucets Market
Request Now !Electronic faucets give the comfort of hands-free automatic enactment and help to preserve water. Electronic innovation permits you to set and alter your faucets as per your requirements, which implies that electric faucet is continuously under your control. The touch-less electric faucet uses the movement sensor innovation to enact the water flow. The faucet frequently features one or two sensors on the bottom, top, or spout, which houses fiber optic cables to associate the spout to the sensor. By waving to the sensor, the faucet will start automatically, and when one puts their hand away, the water flow will stop. The design of most touch-less Faucets is smart and exquisite to fit all kitchen styles, from classic to advance. An increase in technological advancement in the market and rapid urbanization, influence the significant growth of the electric faucets market during the forecast period.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value ($US) |
 Segments covered |  Product Type, Sales Channel, Application,and Region. |
 Regions covered | North America (the US, Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), |
 Companies covered | LIXIL Water Technology, Masco Corporation, Kohler, TOTO, Moen, Oras, Sloan Valve, PRESTO Group, Geberit, Roca, Pfister, Joomo, Beiduo Bathroom, Sunlot Shares, Advanced Modern Technologies, Fuzhou Sanxie Electron, TCK, and ZILONG. |
Â
COVID-19 Scenario Analysis:Â
The surge in demand for the commercial accommodation sector and hotel industry is driving the global electric faucet market. In addition to this, smart things like an electrical faucet look premium and give a luxury ambiance that further gain the attraction of consumer in the market. Improvisation of modular kitchen and increase in the infrastructural facilities are in trend and thereby is boosting the growth of the electric faucets market. Along with this, the rapidly rising urbanization and improvement of the standard of living are positively impacting the electric faucets market. The U.S. and Europe have a significant market share in the electric faucets market. Also, an increase in the awareness regarding global water deficiency is another factor driving the adoption of the electric faucets in the kitchen and bathroom because it helps to avoid the wastage of water.
Leading electric faucets manufacturers are focusing on recent trends and technological development to produce the new product according to the need and demands of the market. Electric faucets market is highly competitive and strategic in terms of the advancement of technological devices, quality, and durability of the product. An increase in the presence of e-commerce platforms is helping the players operating in the market, to get new insights about their product through e-commerce and other promotional advertisements to gain the attraction of customers and market.Â
North Americais anticipated to hold the largest market share inthe electricfaucets market in terms of sales and revenue growth. The growing demand for electricfaucets for commercial purposes and also increase in the expenditure level of the consumers are important factors that drive the growth in the electric faucets market during the forecast period. Â The Asia Pacific is the fastest growing electric faucets market. The rapid growth of urbanization and increase in the hotel chain sector are the factors that will owe to the growth and development in the electric faucets market in the near future. Â
Key Segments Covered:
Segments | Sub-segments |
 Product type |
|
 Sales channel |
|
 Application |
|
Â
Key Benefits of the Report:
Questions Answered in Electric Faucets Market Research Report:
Electric Faucets Market Report Highlights
Aspects | Details |
---|---|
By Product Type |
|
By Sales Channel |
|
By Application |
|
By Region |
|
Key Market Players | LIXIL Water Technology, Masco Corporation, Kohler, TOTO, Moen, Oras, Sloan Valve, PRESTO Group, Geberit, Roca, Pfister, Joomo, Beiduo Bathroom, Sunlot Shares, Advanced Modern Technologies, Fuzhou Sanxie Electron, TCK, ZILONG |
Loading Table Of Content...
Start reading.
This Report and over 19,614+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers