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Faucets Market Trends

  • Report ID: GMI9897
  • Published Date: Jun 2024
  • Report Format: PDF

Faucets Market Trends

One prominent trend is the growth of smart faucet technologies, such as voice and touchless activation, which promote hygiene and convenience Touchless faucets use sensors to turn water on and off with hand movement, while voice-activated faucets allow control through voice commands. Touchless faucets often come with temperature sensors that operate on commands such as "dispense cold water" or "set water to lukewarm". They are suitable for specific cooking tasks or setting the ideal handwashing temperature. For instance, Moen's MotionSense Faucet with Voice Control allows users to turn the faucet on and off with a simple hand wave or use voice commands to control water flow and temperature. It is also suitable for high traffic areas such as public restrooms.
 

There is a surge of connecting these faucets to smart home systems, which enables remote monitoring of water usage, control of water flow & temperature, and even scheduling automated tasks. By leveraging smartphone applications, remote monitoring capabilities help users verify faucet status from any location. This limits the possibility of a left-on faucet, potentially leading to water damage to items.
 

In the event of an unexpected water flow, the user receives immediate alerts, allowing for a quick response to mitigate any potential risks. For instance, Kohler's Sensate Voice Control Kitchen Faucet is integrated with smart home systems such as Amazon Alexa or Google Assistant. Users can use voice commands to control water flow, temperature, and even dispense specific measured amounts of water, fueling consumer interest in these innovative features.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The faucets market was valued at USD 18 billion in 2023 and is anticipated to register 8.3% CAGR between 2024 and 2032, driven by the rising demand for renovation & remodeling activities in the residential sector.

Pull-down faucets industry generated a revenue of over USD 5.4 billion in 2023 and is expected to reach USD 11.6 billion by 2032, attributed to the compelling blend of functionality and ergonomic design of these faucets.

Asia Pacific faucets market size was USD 6.3 billion in 2023, and is expected to reach USD 13.7 billion by 2032, driven by the growing desire for premium home improvement products.

Chicago Faucets, Colston, Delta Faucet Company, Gerber Plumbing Fixtures, Grohe America Inc, Hansgrohe, Jaquar, and Kohler Co. among others.

Faucets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 49
  • Countries covered: 23
  • Pages: 135
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