Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing by Infinium
Global Research on the thermostatic faucet market provides in-depth analysis of
segments and sub-segments in the BRICS as well as the regional thermostatic
faucet market. The study also highlights the impact of drivers, restraints, and
macro indicators on the BRICS and regional thermostatic faucet market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the BRICS thermostatic faucet market.
According to the report, the BRICS thermostatic faucet market is projected to
grow at a significant CAGR over the forecast period of 2021-2027.
A thermostatic faucet is a device or
valve that helps to release or deliver water by adjusting it to a required
temperature. It operates by mixing hot and cold water from plumbing. The
thermostatic faucets also offer anti-scald protection. Handle, spout,
cartridge, lift rod, aerator, mixing chamber, and water inlets help the user to
take care of a secure shower, ensure constant water temperature for a
particular time duration, and forestall the chance related to scalding. The
increasing popularity of smart thermostatic faucets in various sectors, such as
Health care, commercial, residential, food industry, personal care, and industrial
sectors, is additionally the key factor propelling the expansion of the market
during the forecast period.
Increasing demand for advanced faucets
and rising urbanization in BRICS countries are projected to propel the
thermostatic faucet market growth during the forecast period. The growth of the BRICS
thermostatic faucet market is attributed to rising in construction projects in
the commercial and residential sectors. Many construction projects were started
as the construction of shopping complexes, malls, hotels & restaurants,
educational institutions, hospitals, airports, railway stations, and many
others. Additionally, increasing disposable income, changing standard of
living, rising construction activities, and increasing urbanization will
enhance the expansion of the market. The increasing number of residential
houses because of urbanization enhanced the demand for advanced faucets.
Worldwide major players make large investments in the Research and Development
of faucets to produce contactless products to capture the market share.
Utilization of the faucets in the healthcare industry is a great growth
opportunity for the expansion of the market in the BRICS region. However, the
high cost of the products and interruption in the logistics & supply chain
activities because of the epidemic are the major restraints to the growth of
the thermostatic faucet market. Shifting customer preference because of the
entrance of modern products, and high manufacturing costs are expected to
hamper the market's growth during the forecast period.
In terms of countries, the BRICS
thermostatic faucet market is segmented into Brazil, Russia, India, China, and
South Africa. Brazil holds the biggest market share, because of the increasing
demand for advanced bathroom and kitchen accessories. Moreover, increasing
awareness regarding water conservation is fueling the demand for thermostatic
faucets in South Africa during the forecast period. Furthermore, the countries
such as India and China are projected to dominate the BRICS thermostatic faucet
market during the forecast period. The growth of the market is accredited to
the increasing construction activities in the commercial and residential
sectors within the country.
The report on BRICS thermostatic
faucet market covers segments such as product, and application. On the basis of
product, the sub-markets include single lever, two handle, and others. On the
basis of application, the sub-markets include residential, and commercial.
The report provides profiles of the
companies in the market such as Jaguar Group, Hindware, Reliance Worldwide
Corporation Ltd., Vika Bath Fittings, Grohe AG, Wenzhou Hightech Sanitary Wares
Co., Ltd., TOTO, Kerovit, KOHLER CO., and Roca.co.za.
The report provides deep insights into
the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the BRICS thermostatic faucet market. Moreover, the study
highlights current market trends and provides forecast from 2021-2027. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.