Global Sensor Faucet Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Sensor Faucet Market report has been segmented on the basis of sensor type, application, and region and the forecast period is 2019–2028.
Sensor Faucet Market Overview:
“The Sensor Faucet Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
A sensor faucet is a tap or dispenser unit with a hands-free convenience mechanism that enables users to gesture or present to turn on the water.
The user can place their hand or move into the proper proximity for the sensor to trigger it to open and dispense water. Sensor faucets are widely used in hotels, offices, kitchens, medical institutions, and a range of private and commercial locations and establishments places.
Such faucets are most popularly used in public washrooms, owing to these being significantly ideal tools for saving water or reducing unwanted wastage, apart from offering a higher level in terms of hygiene as users are not required to place their hand in direct contact with the faucet.
Sensor Faucet Market Dynamics:
Increasing upgradation of infrastructure in residential and non-residential sectors coupled with increasing demand for sensor faucets in smart buildings in developed and developing countries are major factors driving the growth of the global sensor faucet market.
Strict government policies and regulations regarding water conservation are projected to further rise the installation of such faucets in public places.
In addition, rapid urbanization across the globe and increasing spending power among the consumer are other factors supporting the growth of the global market.
However, a high difference in the price of basic faucets and sensor faucets is a factor that may hamper the growth of the global sensor faucet market.
Moreover, increasing demand for electronic sensor faucets is a major factor expected to create high revenue opportunities for prominent players in the global market.
Sensor Faucet Market Segment Analysis:
Among the type segments, the Infrared sensor faucets segment is projected to account for a major share in terms of revenue in the global market.
Infrared faucets offer a higher level of hygiene than normal faucets as human contact as totally no need contact is required, and thus there are close to no chances of contamination, or contact with viruses, and bacteria.
Infrared sensor faucets are ideal for installation at hospitals, workplaces, and private residences and with new, novel and more advanced products being more easily available, demand for such convenient options is projected to continue to increase in parallel.
Among the application segments, the non-residential segment is expected to register high growth in terms of revenue during the forecast period. An increasing number of smart city and building projects globally is a major factor projected to fuel the growth of the non-residential segment in the near future.
Sensor Faucet Market Regional Analysis:
Currently, the market in North America maintains dominance in the global market, which is expected to continue over the forecast period. The presence of a large number of leading players in the region is a key factor driving the market growth.
The Asia Pacific sensor faucet market is projected to register lucrative growth, with the highest CAGR, as compared to other regions, in terms of revenue in the near future.
This projected growth is attributed to lifestyle changes, rising disposable income, and the availability of more cost-efficient products.
Increasing government initiatives towards infrastructure development and smart city projects, and the growing development of smart buildings, and private constructions are key factors fueling the growth of this market in countries in the Asia Pacific region.
Global Sensor Faucet Market Segmentation:
Segmentation by Type:
- Infrared Sensor Faucet
- Touch Button Faucet
Segmentation by Application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- LIXIL Group Corporation
- Masco Corporation
- TOTO Ltd.
- PRESTO Group
Request for TOC
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
Request for Customization
Don't just take our word. We are trusted by these great companies!