Loading...
0

Smart Bathrooms Market Expected to Reach $2,545 Million by 2023

 
 

quote Growth in focus on energy and water conservation, hygiene maintenance, and sustainable development are expected to boost the demand for the global smart bathrooms market. With advancements in technologies, the smart bathrooms market gains an increase in popularity among the commercial and residential sector. quote

Vineet Kumar
Research Manager, C&M and ICT at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Smart bathrooms Market by Product, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global smart bathrooms market was valued at from $1,230.29 million in 2016, and is expected to reach $2,517.82 million by 2023, registering a CAGR of 10.7% from 2017 to 2023. Asia-Pacific is expected to exhibit lucrative growth opportunities, owing to the growth in commercial sector, rise in consumer disposable income, and increase in rate of urbanization.

Access Full Summary at: https://www.alliedmarketresearch.com/smart-bathrooms-market

Rise in consumer disposable income, changes in consumer lifestyle, and increase in investments in building smart and energy efficient homes drive the market. Moreover, continuous demographic increase and high rates of urbanization also fuel the growth of the market. Features included in smart bathrooms market include smart windows, hand dryers, touchless cisterns, smart toilets, touchless soap dispenser, touchless faucets, and others.
Among these accessories, hand dryers market is estimated to be the leading the smart bathrooms market owing to its quick drying ability and hygiene maintenance. Touchless faucets gain traction attributed to its advantage of sensor-enabled performance while maintaining hygiene and conserving water. It is expected to account for a market share of about 24.4% in 2016 and is projected to account for a share of about 26.4% in 2023.

Among its application, commercial segment is expected to generate the maximum revenue in the global market during the forecast period, and is expected to account for a share of about 57% in 2023. Residential sector is expected to register the fastest CAGR during the forecast period, thereby accounting to an increase of market share from about 41.6% in 2016 to about 43% in 2023.

Key Findings of the Smart Bathrooms Market:

  • The global smart bathrooms market is expected to grow at the CAGR of 10.7% during the forecast period, thereby expanding the opportunities for the smart bathrooms industry.
  • The touchless faucets, among the various smart bathroom features, is expected to witness the highest CAGR as compared to other product types.
  • North America is expected to be the highest revenue contributor with around 36% share in 2016, and is projected to reach $879.52 million by 2023, growing at a CAGR of 10.2%.

The key players operating in the global smart bathrooms market are Toto Ltd., Jacuzzi, Roca Sanitario, Novellini, Kohler, American Standard Brands, Cleveland Faucet Group(MOEN), Grohe, Jaquar, Cera Sanitaryware Ltd., Sloan Valve, Pfister (Spectrum Brands), Delta Faucet Company, and Bradley Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Smart Bathrooms Market by Type (Smart Windows, Hand Dryers, Touchless Cisterns, Smart Toilets, Touchless Soap Dispenser, Touchless Faucets, and Others), and End-User Industry (Nonresidential and Residential) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Smart Bathrooms Market"
Purchase Enquiry