Electric Taps Market by Type (Metal and Plastic), Power Supply (AC and DC), and End User Industry (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027
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A06212
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Jul 2020 |
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Taps are the metal and plastic plumbing fixture fittings used for controlling the flow of water from a reservoir such as a tank or a pipeline by opening or closing an orifice. Electric taps are either made of metal or plastic material. These taps are used in various applications like restrooms and kitchen by the end users in commercial and residential buildings. Electric taps are electrically operated by AC or DC supply depending upon the application.
The application areas of the taps are in kitchens, bathrooms, or residential and non-residential buildings. There are sensors in these electric taps. With electric supply, if the sensors detect any object like hand in front of the tap the solenoid valve opens, allowing the flow of water through the tap till the object is in front of the tap. Once the hand is with drawn the sensor sends signal to the corresponding solenoid valve and it closes, stopping the flow of water through the tap. This helps in restricting the usage of water, by making it flow only when needed and in actual required quantity. This technology is known to be hygienic compared to traditional hand operated taps as one does not need to operate the tap by hand in toilet and kitchen. These taps come as wall mounted and deck mounted depending upon the use of its application.
Metal electric taps are used for extreme temperature, whereas plastic electric taps are used for moderate or less usage in ideal temperature. Residential usage of electric taps in kitchen or bathroom has very less usage, so plastic taps are recommended. Whereas, metal electric taps are recommended in commercial buildings where there is extreme usage in kitchens of hotels or canteens and washrooms, of offices, schools or hospitals and public toilets. North America, Europe, and some parts of Middle East are the major shareholders of electric taps market followed by Asia-Pacific. North America and Europe have already adopted and are installing electric taps in residential as well as commercial buildings. Whereas, in Asia Pacific the adoption of these electric taps is still restricted to residential use only, except its installation in highly advanced and highly budgeted commercial infrastructures.
Water conservation being a very critical issue has led to the use of electric taps in recent years. Also, energy saving in long term has also led to installation of electric taps on a large scale, which has fueled the growth of the electric taps market. Surge in urbanization and enhancement of lifestyle have led to increase in disposable income of the customer, which has increased the adoption of electric tap in newly built infrastructures, independent of residential or commercial. These are some of the major factors driving the global electric taps market. Presence of small and large vendors has raised the competition in the electric tap market, which limits the growth of the market.
However, increase in awareness in water conservation as well as long term energy efficient devices are preferred in new infrastructures. Also, increase in infrastructure investments in industrial and commercial sectors is expected to fuel the demand for electric taps during the forecast period. In addition, growing population in urban areas followed by increase in adoption of smart bathroom are other factors, which drive the growth of the global electric tap market in future. Rapid rise of electric taps in the residential market of Asia-Pacific along with lavish residential infrastructures is expected to drive the growth of market.
The global electric taps market is segmented into type, power supply, end-user, and geography. By type, it is differentiated by metal and plastic. By power supply, it is categorized into AC and DC. By end user, it is classified into residential and commercial. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global electric taps market are Kohler Co., CERA Sanitary ware Limited, LIXIL Group Corporation,TOTO Ltd., Roca Sanitario, S.A., Masco Corporation, Villeroy & Boch, DELTA Faucet Company, MoenIncorporated, and Jaquar. Some other companies manufacturing electric taps are Jomoo Kitchen & Bath Co., Ltd., Geberit Plumbing Technology India Private Limited, and Advanced Modern Technologies Corporation.
Key Benefits
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The study provides an in-depth analysis of the current & future trends of the global electric taps market to elucidate imminent investment pockets.
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Information about key drivers, restraints, opportunities, and their impact analysis on the market has been provided.
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Porter’s five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
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The quantitative analysis of the global electric taps market from 2020to 2027 has been provided to determine the market potential.
Key Market Segments
By Type
- Metal
- Plastic
By Power Supply
- AC
- DC
By End User
- Residential
- Commercial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- The Middle East
- Africa
Key Market Players
- Kohler Co.
- CERA Sanitary ware Limited
- LIXIL Group Corporation
- TOTO Ltd.
- Roca SanitarioS.A.
- Masco Corporation
- Villeroy & Boch
- DELTA Faucet Company
- MoenIncorporated
- Jaquar
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