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Smart Faucets Market Trends

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

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.
 

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.

Smart Faucets Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 311
  • Countries covered: 20
  • Pages: 152
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