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A recent report ongoing by Infinium Global Research on thermostatic faucet market provides in-depth analysis of segments and sub-segments in the GCC as well as regional thermostatic faucet market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC 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 GCC thermostatic faucet market. According to the report, the GCC thermostatic faucet market is projected to grow at a significant CAGR over the forecast period of 2021-2027.
In the gulf cooperation council (GCC) region, the construction industry is evolving rapidly. A thermostatic faucet is a device or valve that assists in the delivery of water by adjusting the pressure and temperature. It works by blending hot and cold water from the plumbing system. The thermostatic faucet mixes the hot and cold water to your pre-selected temperature and reacts instantly to any changes in the pressure or temperature of the water supply by re-adjusting the cold and hot water. Growing disposable income and expenses for luxurious kitchen and bathroom accessories are expected to boost the market growth in the GCC region during the forecast period.
The rising utilization of standard and qualitative technology in construction is making the thermostatic faucet a robust choice for consumers, as compared to others. Furthermore, the growth in construction in the commercial and residential sector in past few years is projected to create a positive impact on sales of thermostatic faucets. This growth is essentially fuelled by the increase in the utilization of thermostatic faucets in various sectors such as the industrial, healthcare, and commercial sectors. Increasing demand for housing units and dependency on advanced faucets and innovative plumbing systems is expected to boost the market growth in the GCC countries. Furthermore, the collaboration of manufacturers with designers, architects, and contractors by providing them with advanced faucets will propel the market growth in the GCC countries.
On the basis of region, UAE holds the largest market share in the GCC thermostatic faucet market. The country is developing in terms of innovative construction and is the number one market in the GCC in terms of growth and size. Innovative construction activities and increasing inclination of tourists in the country will boost the growth of the market in the region during the forecast period. The rising utilization of advanced faucets for different purposes is expected to boost the growth of the GCC region. The increased presence of major players in the country and the rising disposable income of the population is driving the growth of the GCC thermostatic faucet market in the region.
The report on GCC 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.
The report provides profiles of the companies in the market such as Delta Faucet Company Middle East, AVK Saudi Valves Manufacturing Co. Ltd., Jaguar Group, Hindware, Grohe AG, IKEA, Roca, Reliance Worldwide Corporation Ltd., and KOHLER CO..
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 GCC 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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