A recent
report published by Infinium Global Research on the thermostatic faucet market
provides in-depth analysis of segments and sub-segments in the global as well
as regional thermostatic faucet market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global 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
global thermostatic faucet market. According to the report, the global
thermostatic faucet market is projected to grow at a CAGR of 5.57% over the
forecast period of 2021-2027.
Market
Insight
The global
thermostatic faucet market was valued at USD 7.75 billion in 2021 and is
expected to reach USD 10.73 billion in 2027, with a CAGR of 5.57% during the
forecast period. 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. 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, like in hospitals,
corporates, hotels, spa centers, beauty, and other commercial 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 globally are projected to
propel the global thermostatic faucet market growth during the forecast period. The
growth of the global thermostatic faucet market is attributed to rising customer
preference for luxury products and increasing demand for advanced faucets among
the middle-class population worldwide. 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. Its utilization in the healthcare industry is rising because of the
COVID epidemic which is a great growth opportunity for major players. 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, stringent government rules, and high
transportation costs is expected to hamper the growth of the market during the
forecast period.
In terms of
region, the global thermostatic faucet market is segmented into North America,
Europe, Asia Pacific, Africa, and the Middle East. North America 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 the region
during the forecast period. Furthermore, the Asia Pacific region is expected to
dominate the global 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 region.

Segment
Covered
The report on
the global thermostatic faucet market covers segments such as product, and
distribution channel. On the basis of product, the sub-markets include single
lever, two handle, and others. On the basis of distribution channel, the
sub-markets include residential, and commercial.
Companies
Profiled:
The report
provides profiles of the companies in the market such as Masco Corp., Jaguar Group,
Geberit AG, Reliance Worldwide Corporation Ltd., Rocca Sanitario, Moen, Inc.,
Kohler Co., Grohe AG, Hindware, and Vika Bath Fittings.
Report
Highlights:
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 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.