News

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

• Grohe AG
• Kohler Co.
• Moen, Inc.
• Cera Sanitaryware Ltd.
• Rocca Sanitario
• Jaguar Group
• Geberit AG
• Reliance Worldwide Corporation Ltd.
• Masco Corp.
• LIXIL Corp.

Market Segmentation

• Product Outlook
  • Single Lever Mixer
  • Two Handle Mixer
  • Others
• End-user Outlook
  • Residential
  • Commercial
• Regional Outlook
  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • Japan
    • India
  • Central & South America
    • Brazil
    • Central & South America
  • Middle East & Africa
    • South Africa
    • Rest of Middle East & Africa

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

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