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Smart Faucets Market Share

Report ID: GMI11166
Published Date: Aug 2024
Report Format: PDF

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Smart Faucets Market Share

Smart Faucets Market Company Share Analysis (2023)

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

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global smart faucets industry was valued at USD 1.8 billion in 2023 and is anticipated to register 5.8% CAGR between 2024 and 2032, driven by technological advancements and growing consumer demand for convenience.

The touchless segment in the market is expected to record 5.9% CAGR through 2032 due to hands-free operation minimizing germ spread and rising integration of advanced smart features.

North America smart faucets market is anticipated to record 5.6% CAGR through 2032 due to increasing advancement in sensor technology and IoT, and growing consumer demand for convenience, hygiene, and high-tech home products.

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, and Masco Corporation, among others.