Smart Bathroom Market is Expected to Grow at a Compound Annual Growth Rate (CAGR) of 10.5% From 2020 To 2027.

The global smart bathroom market size was valued at USD 3.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 10.5% from 2020 to 2027.

Developing entrance of shrewd homes, especially in creating just as evolved states across the globe, is driving the interest for brilliant restrooms. Moreover, expanding home improvement activities and restroom redesigns, especially in western nations, is making ready for various savvy washrooms for the private just as business areas. Expanding spending on home improvement activities or home renovating is helping the item request inferable from rising home and home loan costs. As per the Leading Indicator of Remodeling Activity (LIRA), home improvement spending has risen 6% yearly over the most recent a long time starting around 2015.

Increased attention to the hygiene factor across the globe is pushing the growth towards automatic and sensor-based smart faucets, particularly among the commercial sectors. Smart faucets are also equipped with sustainability and efficiency as these are effectively programmed wirelessly for an automated method of flushing. It also eliminates the need for deploying personnel in order to flush lines manually. Moreover, product developments and innovations using technology integration through various other smart devices, such as Amazon’s Alexa or Google Home, are expected to unfold growth opportunities for the market over the years.

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Key Benefits:

  • The study provides an in-depth analysis of the global smart bathrooms industry and current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities is provided.
  • Porter’s Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
  • The quantitative analysis of the global smart bathrooms market from 2017 to 2023 is provided to determine the market potential.

With the increase in need for energy efficient buildings, the global smart bathrooms market witnesses a significant traction in the Nonresidential and residential sectors. Nonresidential sectors such as entertainment malls, restaurants, hotel rooms, educational institutions, corporate offices, conference or seminar rooms, and others, demand smart bathroom accessories thereby ensuring energy conservation and hygiene maintenance. Thus, the increase in the number of these Nonresidential buildings is expected to catalyse the growth of the global smart bathrooms market during the forecast period.

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Key players in the global Smart Bathroom market:

LIXIL Group
Bradley Corporation
Cera Sanitaryware Ltd.
MOEN
Duravit
TOTO
Masco Corporation
Jaquar
American Standard Brands
Delta Faucet Company
Kohler
Roca Sanitario S.A

Types:

Smart Toilets
Smart Faucets
Shower Systems
Smart Windows
Other

Applications:

Commercial
Residential

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