Global smart bathroom market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The market is primarily driven due to rapid growth in the construction industry with high demand for luxurious features as one of the primary growth factors.
The smart bathroom market is driven by the wide adoption of smart bathroom products in urban areas. As per the UN, approximately 54% of the global population resides in urban areas. This percentage is expected to increase up to 66% by 2050. To combat the increasing stress on infrastructure and utilities, construction companies are investing on the development of smart buildings with features such as smart bathrooms to promote sustainable development and efficient energy management. Smart bathrooms optimally enclose various integrated solutions such as smart toilets, automatic flush systems, and automatic faucets. These systems help conserve water and energy.
Increasing concern regarding energy conservation, hygiene maintenance, and sustainable development has given rise to the demand for smart bathrooms. For instance, in the U.S., smart bathrooms are gaining importance as they are equipped with advanced technologies that help conserve energy and maintain hygiene. Similarly, in Germany, the government has introduced the concept of smart bathroom in the construction market to control and reduce high energy costs. In India, the growing population & urbanization have led to an increasing demand for energy, water, and housing. To combat this challenge, the government is encouraging the construction of smart buildings.
Global smart bathroom market has been segmented based on product types, end-use and regions. On the basis of product types, the market has been segmented as smart windows, hand dryers, touchless cisterns, touchless soap dispensers, smart toilets, touchless faucets, and others. Based on the end-use the market has been segmented as residential and commercial.
The global smart bathroom market is expected to grow at ~ 7% CAGR during the forecast period.
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Market Research Analysis
Residential sector, expected to grow at the highest CAGR
Residential sector will dominate the smart bathroom market. The significant rise in global population, with the development of multibillion dollar luxury and semi-luxury sanitary equipment manufacturing industry, will be the major driver for the growth of residential segment of the market. Also, the growing urbanization with growth in the construction industry and high demand for luxurious smart bathroom, as one of the primary growth factors for residential sector, will lead the smart bathroom market during the forecast period.
Scope of the Report
This study provides an overview of the global smart bathroom market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Smart Bathroom market by its product type, by end-use and by region.
By Product Type
- Smart Windows
- Hand Dryers
- Touchless Cisterns
- Touchless Soap Dispensers
- Smart Toilets
- Touchless Faucets
- North America
- Asia Pacific
- Rest of the World
The key players of global smart bathroom market are Bradley Corporation (U.S), Grohe AG (Germany), Little Giant (U.S), Kohler Co. (U.S), Moen, Inc. (U.S), Delta Faucet Company (U.S), Toto Ltd. (Japan), Gerber Plumbing Fixtures LLC (U.S), Roca Sanitario, S.A. (Spain), American Standard Brands (U.S) and Sterling Faucet Co. (U.S).
Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.2.1 Concern Regarding Energy Conservation & Hygiene Maintenance
4.2.2 Increasing Aging Population
4.2.3 Growing Population & Urbanization
4.3.1 High Costs Of Implementation
4.3.2 Dominance Of Traditional Bathrooms Over Smart Bathrooms
4.4.1 Increasing Awareness Of Sanitization In Rural Sector
4.5.1 Technical Complexity
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