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.
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