Smart Faucets Market - By Type (Touchless Smart Faucets and Touch-enabled Smart Faucets), By Material (Metallic, Plastic and Others), By Application, By End User, By Distribution Channel Forecast 2024 – 2032

Smart Faucets Market Size

Smart Faucets Market size was valued at around USD 1.8 Billion in 2023 and is anticipated to register a CAGR of 5.8% between 2024 to 2032, driven by technological advancements, a growing consumer demand for convenience, and the rising adoption of smart home technology, the market for smart faucets is witnessing significant growth.
 

A leading reason for the growth in appliance consumer preference towards smart products is the environmental sustainability consideration. For instance, homeowners can expect annual water usage reductions on their water bills of 30% - 50% from smart faucets. Particularly, parents of young children may have the most heightened sense of safety features smart faucets incorporate, but smart faucets also, help reduce the issues associated with hot water burns.
 

Additionally, as home automation continues to reach mainstream attention, smart faucets are being requested specifically for their value of getting along with these home control systems. In concert with, the speed and capabilities of sensors, connection speeds (very notably, Internet of Things, IoT), and water control capability - the efficiency, reliability, and attractiveness of smart faucets has improved. Smart faucets also allow the consumer to include voice-activated programming using platforms like Amazon Alexa integration, Google Assistant, or Apple HomeKit, to further enhance the convenience and overall user experience.  
 

Smart faucets come with a notably higher upfront cost compared to their traditional counterparts. This price difference can dissuade budget-conscious buyers, confining adoption primarily to upscale residential or commercial markets. Moreover, the installation of smart faucets frequently demands specialized expertise or professional assistance. This requirement can pose challenges for DIY enthusiasts or individuals lacking access to skilled installers. Additionally, a segment of consumers might not fully grasp the advantages or features of smart faucets, resulting in distrust or hesitance towards the technology. It's worth noting that many smart faucets operate on batteries for their electronic functions. Consequently, battery depletion can hinder performance, necessitating prompt replacements or recharges.
 

Smart Faucets Market Trends

Addressing the ever-increasing demand, manufacturers are heavily looking for ways to integrate faucets into the rapidly expanding smart home ecosystem. The designs of smart faucets have gone through a vast change in recent years with the continuous technological advancement and opening of new materials. The most lucrative factor related to the smart faucet design concerning the modern-day market is the use of eco-friendly and sustainable material. By using materials like recycled brass and using sustainable finishes, most brands of smart faucets are now designed and engineered in such a way that they make the products functional, pleasing to look at, and environmentally considerate as awareness of environmental concerns increases.
 

Besides the use of green materials, designers of luxury bathroom faucets infuse advanced technology into their designs. Of note is the surge in the appearance of smart faucets that users can control through their smartphones or by their voices. Besides the comfort and timesaving derived from being able to adjust water flow and temperature settings remotely, the feature plays a significant role in water conservation.
 

Smart Faucets Market Analysis

Based on the type, the market can be segmented into touchless smart faucets and touch-enabled smart faucets. The touchless smart faucets segment held around 68% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.9% during the forecast period. Touchless faucets use electronic sensors to dispense water, no manual handles required. These faucets use detection technology to turn the water on and off when hands are waved nearby. By this hands-free operation users can turn the water on and off without physically touching the fixture. This minimizes contact with dirty faucet handles whether in public restrooms or at home during cooking or cleaning and helps prevent germ spread and illness.
 

Some touchless faucets come with smart technology and advanced features and designs. Optional accessories include digital temperature displays and pre-set programs. This technology integration not only makes the faucet more convenient but also allows it to sync with other smart home devices.
 

Based on the end users, the smart faucets market is categorized into residential and commercial. The commercial segment held around 78% of the total market share in 2023 and is anticipated to grow at a CAGR of 5.6% during the forecast period. In commercial settings like restaurants and public facilities faucets are used heavily and subjected to tough conditions. Faucets in these environments need to be durable and easy to maintain. There’s a big emphasis on reducing cross contamination and hygiene. So touchless faucets with advanced sensor technology are the way to minimize physical contact.
 

In residential settings the demand for touchless faucets is all about convenience and hygiene. Hands free operation reduces germ spread and simplifies tasks like handwashing and cooking. Plus features that allow for precise control of water flow rates are gaining popularity as homeowners want to conserve water and reduce utility bills.
 

Both segments value convenience and water efficiency. But residential trends are about personalization and user friendliness while commercial trends are about durability, high traffic performance and seamless integration with building systems.
 

North America dominated the smart faucets market with a market share of around 34% in 2023 and anticipated to grow with a CAGR of around 5.6% during forecast period. Advances in sensor technology, IoT and data analytics are making smart faucets in North America more functional. In addition, consumers are putting a greater emphasis on convenience and hygiene which is driving demand for touchless faucets that offer hands free operation and higher sanitary standards.
 

North America with its high standard of living and big disposable income is a key market for premium and high-tech home products including smart faucets. In 2023, 70% of US households or 60.4 million homes had at least one smart home device. By 2024 there will be over 400 million smart homes globally. Americans on average spend around USD 1,172 to install smart devices in their homes.
 

As a result, the North American smart faucet market is expected to grow driven by technology, consumer demand for convenience and efficiency and adoption in both residential and commercial segments.
 

North America: In terms of the country, the US dominates with an overall market share of around 78% in the North America smart faucets market. Driven by innovation but also consumer convenience and automation, U.S. adoption of smart home technologies including high value products such as smart faucets are far higher. The demand for premium smart faucets is growing on the back of increasing disposable incomes along with rising focus on home improvement and renovations, thus adding to IoT apps influence.
 

On the other hand, Canada smart faucets market expressing notable growth rate of around 5.8% in 2023. Canada is concentrating on sustainability and water conservation, which falls in the purview as smart faucets provide a range of features that aid with saving water. In larger urban centres like Toronto, Vancouver and Montreal there is a greater level of awareness for smart home technologies driven by significantly higher intensity growth.
 

Europe: The Europe smart faucets market with a market share of around 29% in 2023 and anticipated to grow with a CAGR of around 5.4% during forecast period. In Europe, the market for smart faucets is highly diverse in terms of growth drivers and trends observed from region to region. Germany, the UK and France have emerged as Advanced markets from an innovation standpoint with Spain & Italy demonstrates growth.
 

In terms of country, Germany is dominating the Europe smart faucets market in terms of market share of around 19% during the 2023. As a world engineering and technology leader, Germany has contributed to the developments toward smart faucet designs and functionalises. High-focus on sustainability and water conservation is driving the growth of water-efficient smart faucets.
 

Asia Pacific: The Asia Pacific market with a market share of around 26% in 2023 and anticipated to grow with a CAGR of around 6.4% during forecast period. The growth of the Asia-Pacific (APAC) market has been remarkable, varying between countries with differing per capita income levels and technological and social conditions.
 

In terms of country, China is dominating the Asia Pacific Smart Faucets market in terms of market share of around 32% during the 2023. Rapid urbanization and the expanding middle class in China fuel demand for contemporary home fixtures including smart faucets. Beijing, Shanghai and Guangzhou etc. such like big cities have a relatively high adoption rate because of modern living standards with new era smart home technologies which stand out against competition from the west as well as other emerging markets.
 

On the other hand, India is emerging as a fastest growing country for the smart faucets market in terms of CAGR of 6.9% between 2024 to 2032. The pace of urbanization and rising purchasing power parity in the middle class are expected to fuel growth in demand for smarter home requisites, such as smart faucets Rising demand for smart home technologies and enhanced infrastructure, drive the adoption of smart faucets.
 

Smart Faucets Market Share

Key players involve in the smart faucets market are Moen Incorporated, Kohler Co., Roca Sanitario, S.A, LIXIL International Pte Ltd, TOTO LTD, accounting market share of 12-15% in 2023. Manufacturers in the smart faucets market are fiercely competing, striving to capture a larger market share through innovative features, advanced technologies, and attractive designs. Moen's smart faucets seamlessly integrate with voice-activated platforms, including Amazon Alexa and Google Assistant, enabling users to manage water flow and temperature through voice commands.
 

Additionally, the Moen U by Moen system boasts a digital touchscreen, offering personalized presets and real-time temperature readings. Similarly, Kohler's smart faucets are compatible with voice assistants like Amazon Alexa and Google Assistant. The Kohler Konnect system stands out with features like gesture control and the capability to save and recall specific user preferences for both water temperature and flow rate.
 

Smart Faucets Market Companies

Major companies operating in the smart faucets industry include:

• ASSA ABLOY
• BRIZO Kitchen & Bath Company
• Delta Faucet Company
• Gessi S.p.A.
• Hansgrohe
• House of Rohl
• Kohler Co.
• KWC Group AG
• LIXIL International Pte Ltd
• Masco Corporation
• Moen Incorporated
• Oras Ltd.
• Roca Sanitario, S.A.
• TOTO LTD.
• Villeroy&Boch Group     
   

Smart Faucets Industry News

• In May 2024, Delta Faucet Company has unveiled its innovative Touch2O with Touchless Technology at the 2024 Kitchen & Bath Industry Show. This cutting-edge feature not only streamlines kitchen tasks but also minimizes mess, making cleaning a breeze. With the Touchless Technology, users can effortlessly control water flow in three intuitive ways: activating the motion sensor by simply placing a hand near the faucet, tapping any part of the faucet surface, or opting for traditional manual control via the standard handle.
   
• In August 2022, Moen has launched the world's first-ever fully touchless smart faucet. Dubbed the Smart Faucet with Motion Control, it's a key component of Moen's comprehensive Smart Water Network. This all-encompassing system not only manages and personalizes water usage throughout the home but also keeps a vigilant eye on water consumption, identifies pipe leaks, and can autonomously shut off water to prevent potential damage.
   

The smart faucets market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Type, 2021 – 2032

• Touchless Smart Faucets
• Touch-enabled Smart Faucets    

Market, By Material, 2021 – 2032

• Metallic
• Plastic
• Others

Market, By Application, 2021 – 2032

• Bathroom
• Kitchen

Market, By End User, 2021 – 2032

• Residential
• Commercial
  • Hotels & Restaurants
  • Hospitals
  • Corporate Offices
  • Public Washrooms
  • Others  

Market, By Distribution Channel, 2021 – 2032

• Online
  • E-Commerce
  • Company Website
• Offline
  • Mega Retail Stores
  • Specialty Stores
  • Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific   
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA