The global Thermostatic Faucet market size is expected to be worth around US$ 21.59 billion by 2030, according to a new report by Vision Research Reports.
The global Thermostatic Faucet market size was valued at US$ 7,876.42 Mn in 2020 and is anticipated to grow at a CAGR of 10.29% during forecast period 2021 to 2030.
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Growth Factors
The focus of the consumer has shifted towards daily essentials thereby impacting the non-essential industry like plumbing. Several home renovation activities were put on hold in 2020.
Several key players in the market are providing modern , which provide aesthetic appeal and are hygienic for usage. Also, the World Health Organization (WHO) has recognized the inadequacies of conservative public toilet design thereby propelling the need for thermostatic faucets in hospitals and other healthcare facilities.
Moreover, product innovation is expected to boost the adoption of thermostatic faucets among consumers. For instance, Delta Faucets provides Touch2O technology, which enables the flow of water to be activated by flouting the capacitance field anywhere around the device. Also, the rise in product offerings via social media and e-commerce platforms is influencing the way consumers purchase products. Many players in the market are pursuing both direct-to-consumer and online channels.
Report Highlights
The commercial segment accounted for the largest revenue share of more than 65% in 2020 and is estimated to expand at the fastest CAGR from 2021 to 2030. The commercial sector includes hotels, malls, hospitals, and airports. The developments in plumbing products introduced for the hospitals include easy installation and maintenance, which are helping the authorities to maintain hygiene. For Instance, companies, such as American Standard and Piscataway, have provided basins with Selectronic faucets. Furthermore, sensor faucets limit the usage of water and prevent water stagnation.
In the residential sector, a rise in the number of housing units and customer demand for modern faucets is driving the market. For instance, according to the European Union, the German government has initiated several measures aimed at the development of the country’s housing market. It has allocated Euro 5.0 billion under its housing policies towards the construction of 100,000 rental units in the next four years.
The single lever product segment held the largest market share of over 54% in 2020 and is estimated to register the fastest CAGR from 2021 to 2030. Increasing demand for single-level mixers in the residential sector is the key factor driving the segment. The pandemic has heightened the demand for modern kitchen accessories as most people are working from home. The functionality provided by single-lever mixers is also one of the major factors boosting market demand. Moreover, the rising consumer disposable income levels have paved the way for a luxurious life, which drives the adoption of advanced bathroom and kitchen accessories, thereby driving the demand for thermostatic faucets.
There is an increasing demand for two-handle mixers as its easily available and less expensive than the single-level mixer. The two handle mixers include two taps and a spout. These faucets have different handles to control the hot and cold water, which is mixed through a single spout. Companies are focusing on providing high-quality products to their consumers. For instance, TempAssure Thermostatic valve technology helps in monitoring temperature and automatically adjusts to the optimized temperature.
In 2020, North America held the largest revenue share of more than 41% and will expand at a steady CAGR from 2021 to 2030. The growing demand for bathroom and kitchen accessories is driving the demand for thermostatic faucets. Furthermore, increasing awareness regarding water conservation is fueling the demand for thermostatic faucets in the region.
| Report Coverage | Details |
| Market Size | US$ 21.59 billion by 2030 |
| Growth Rate | CAGR of 10.29% From 2021 to 2030 |
| Base Year | 2020 |
| Forecast Year | 2021 to 2030 |
| Segments Covered | Product, End-user, Region |
| Companies Mentioned | Grohe AG; Kohler Co.; Moen, Inc. Cera Sanitaryware Ltd.; Rocca Sanitario; Jaguar Group; Geberit AG; Reliance Worldwide Corporation; Masco Corp.; LIXIL Corp. |
Key Players
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Thermostatic Faucet Market, By Product
7.1. Thermostatic Faucet Market, by Product, 2021-2030
7.1.1. Single Lever Mixer
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Two Handle Mixer
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. Others
7.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Thermostatic Faucet Market, By End-user
8.1. Thermostatic Faucet Market, by End-user, 2021-2030
8.1.1. Residential
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Commercial
8.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Thermostatic Faucet Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2030)
9.1.2. Market Revenue and Forecast, by End-user (2016-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.1.3.2. Market Revenue and Forecast, by End-user (2016-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.1.4.2. Market Revenue and Forecast, by End-user (2016-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.2. Market Revenue and Forecast, by End-user (2016-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.3.2. Market Revenue and Forecast, by End-user (2016-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.4.2. Market Revenue and Forecast, by End-user (2016-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.5.2. Market Revenue and Forecast, by End-user (2016-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2030)
9.2.6.2. Market Revenue and Forecast, by End-user (2016-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.2. Market Revenue and Forecast, by End-user (2016-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.3.2. Market Revenue and Forecast, by End-user (2016-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.4.2. Market Revenue and Forecast, by End-user (2016-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.5.2. Market Revenue and Forecast, by End-user (2016-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2030)
9.3.6.2. Market Revenue and Forecast, by End-user (2016-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.2. Market Revenue and Forecast, by End-user (2016-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.3.2. Market Revenue and Forecast, by End-user (2016-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.4.2. Market Revenue and Forecast, by End-user (2016-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.5.2. Market Revenue and Forecast, by End-user (2016-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2030)
9.4.6.2. Market Revenue and Forecast, by End-user (2016-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2030)
9.5.2. Market Revenue and Forecast, by End-user (2016-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2030)
9.5.3.2. Market Revenue and Forecast, by End-user (2016-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2030)
9.5.4.2. Market Revenue and Forecast, by End-user (2016-2030)
Chapter 10. Company Profiles
10.1. Grohe AG
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Kohler Co.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Moen, Inc.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Cera Sanitaryware Ltd.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Rocca Sanitario
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Jaguar Group
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Geberit AG
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Reliance Worldwide Corporation Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Masco Corp.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. LIXIL Corp.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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