Thermostatic Faucet Market (Product - Single Lever Mixer, Two Handle Mixer, and Others; Distribution Channel - Residential, and Commercial): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on 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 global thermostatic faucet market.

Market Insight:

The global thermostatic faucet market was valued at USD 8.03 billion in 2022 and is expected to reach USD 13.22 billion in 2030, with a CAGR of 5.49% during the forecast period 2023-2030.

The thermostatic faucet is a high-level engineering appliance in the field of plumbing intended to keep water temperature under control accurately and evenly. It has a thermostatic valve built into it which automatically regulates the mix of hot and cold water to ensure that a constant temperature is maintained. This technology is highly useful in all situations when temperature changes can become a potential threat, including hospitals as well as hotels and private apartments where there are residents considered to be very sensitive- small children or elderly members. Further, thermostatic faucets are critical in the prevention of scalds therefore an important safety feature. In industries, like hotels and gyms they improve customer satisfaction with an enjoyable showering experience that one can rely upon. In addition, thermostatic faucets save water through rapid attainment and maintenance of the preferred temperature thereby eliminating time used manually regulating mix. Their ability to save energy also further supports their environmental friendliness. All in all, thermostatic faucets form a marvel of innovation which is an amalgamation of comfort safety, and efficiency for plumbing fixtures while having its usage spread from home appliances commercially as well as medically.

The increasing need for energy-efficient and water-conservation technologies is driving the thermostatic faucet market. These advanced fixtures not only provide accurate temperature control but also reduce water and energy waste, in line with the rising global emphasis on sustainability and resource preservation. Further, the rising awareness about safety and scald prevention traits is one of the main factors behind a surge in thermostatic faucet adoption. These faucets provide accurate temperature control minimizing the occurrence of scalding accidents hence necessary in both homes and business premises. However, the thermostatic faucet market has challenges being its initial installation cost is way high making some customers not buy it. Furthermore, low knowledge of their benefits inhibits wide uptake. Nevertheless, the long-term water and energy savings as well as increased safety will most probably compensate for such challenges in years to come. However, the thermostatic faucet market is likely to expand because of rising smart home technology adoption. The demand for touchless and hygienic water fixtures is increasing, in line with the precise control of thermostatic faucets as well as their safety features. This trend opens up attractive prospects for the market, especially in dynamic and networked homes.

The thermostatic faucet market in North America has the largest share of the market mainly because advanced plumbing technologies have a high adoption rate within the United States and Canada. As a result of the need for water-saving and energy-efficient solutions alongside safety, this market has grown in this region. The market share was achieved both from the residential and commercial sectors. In addition, the fastest-developing region is APAC. In APAC, countries like China, Japan, and South Korea have shown a high rate of urbanization with an increase in disposable income which has resulted in a boom in construction activities. The increasing consciousness of the importance of saving water and safety measures has only added fuel to this fire, thus promoting thermostatic faucets even more. Also, the growth of the hospitality industry and the emergence of smart homes in China have increased demand for such sophisticated fittings.

Report Scope of the Thermostatic Faucet Market:

Segment Covered

The report on global thermostatic faucet market covers segments such as product, and distribution channel. On the basis of product, the sub-markets include single lever mixer, two handle mixer, 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 Jaquarworld, Masco Corporation, Roca Sanitario, S.A.U., Kohler Co., KOSA WELLBEING, Moen Incorporated, Delta Faucet Company, Hansgrohe, CERA, and VITRA INTERNATIONAL AG.

Report Highlights:

The report provides deep insights into 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 forecasts from 2023-2030. 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.