The latest report by IMARC Group, titled “Smart Bathroom Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global smart bathroom market reached a value of US$ 2.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting at a CAGR of 9.51% during 2022-2027.
Smart Bathroom Market Overview:
Smart bathrooms are mechanical plumbing and sanitary systems which can be controlled through smartphones and other smart devices. They contain various eco-friendly solutions and advanced technological hardware, such as smart toilets, touchless faucets, sensor-enabled soap dispensers, windows, automatic cistern systems, hand dryers, etc. Smart bathrooms also offer centralized control of functions, including lighting, heating, air conditioning, automated doors, digital faucets, soaking tubs, etc. They assist in cost savings, convenience, control, increasing energy efficiency, etc. As a result, smart bathrooms find widespread applications in residential and non-residential establishments across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Smart Bathroom Market Trends:
The escalating demand for these systems on account of the growing consciousness about health, hygiene, and energy conservation is among the primary factors driving the smart bathroom market. Besides this, the elevating product utilization as decompressing zones by consumers is further augmenting the market growth. Apart from this, the rising popularity of smart bathrooms in creating a flexible environment, especially for disabled individuals and the geriatric population, is also catalyzing the global market. Moreover, the expanding usage of the Internet of Things (IoT) to integrate appliances and transform conventional homes into smart ones is acting as another significant growth-inducing factor. Furthermore, the introduction of products with unique functionalities, such as Kohler’s Numi 2.0 toilet, which is incorporated with Alexa, the virtual assistant developed by Amazon, is expected to bolster the smart bathroom market in the coming years.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- LIXIL Group
- American Standard Brands
- Bradley Corporation
- Cera Sanitaryware Ltd
- Cleveland Faucet Group
- Delta Faucet Company
- Roca Saniatrio
- Sloan Valve
Key Market Segmentation Breakup by:
- Touchless Faucets
- Smart Toilets
- Touchless Soap Dispenser
- Touchless Cisterns
- Hand Dryers
- Smart Windows
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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