This market research report presents a comprehensive analysis and detailed segmentation of the global smart bathroom market by product (smart windows, hand dryers, touchless cisterns, touchless soap dispensers, smart toilets, touchless faucets, and others). The key leading vendors identified in the market are Grohe, Jaquar, Kohler, and Toto.
Technavio’s market research analysts estimate the global smart bathroom market to grow at a CAGR of 10% between 2016 and 2020. Smart bathroom is an important feature of the buildings in smart cities as they help conserve energy and water. Smart bathrooms offer optimally integrated solutions such as smart toilets, automatic flush systems, and automatic faucets. High demand from the commercial, infrastructure, and residential construction sectors will propel the growth of the smart bathroom market over the next four years.
The new market research report from Technavio provides a breakdown and analysis of the smart bathroom segments by technology.
“Growing focus on energy conservation, maintaining hygiene, and sustainable development are boosting the demand for smart bathrooms. In the US, smart bathrooms are gaining popularity as they have advanced technologies that help conserve energy and maintain hygiene. Similarly, in Germany the government has introduced the concept of smart bathroom in the construction market to control and reduce high energy costs. Moreover, with technological advancements smart bathroom products boast better functionality, reduced human intervention, and helped conserve natural resources, thereby spurring the growth prospects of this market until the end of 2020,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
The touchless faucets segment holds the largest market share of more than 24% in the global smart bathroom market. The geographical expansion of various companies has resulted in the increasing construction of offices in emerging economies like India, Brazil, China, and Russia. The increasing construction of offices spaces is expected to fuel the demand for touchless faucets, which control water flow to reduce wastage. They also eliminate the spreading of germs and protect users from injuries such as blisters and peeling of skin due to hot water. Therefore, the increasing construction of office spaces will lead to augmented demand for touchless faucets over the predicted period.
The leading vendors in the global smart bathroom market include Grohe, Jaquar, Kohler, and Toto. This market is competitive owing to the presence of well-diversified international and regional vendors. The products offered by international vendors are more expensive than those offered by their local counterparts, especially in developing regions.
A more detailed analysis is available in the Technavio report, Global Smart Bathroom Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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