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Residential Digital Faucets Market Report and Forecast 2024-2032

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    Report

  • 238 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921621
According to the report, the global residential digital faucets market grew substantially in 2023. Aided by the sweeping urbanisation, technological advances, and consumers' growing affinity for smart homes, the market is projected to further grow at a CAGR of 12.1% between 2024 and 2032 reaching a value of approximate USD 16 billion by 2032.

Residential digital faucets, often termed electronic faucets, blend cutting-edge technology with aesthetic designs to elevate the overall user experience in modern bathrooms and kitchens. These faucets are equipped with features such as touchless operation, temperature control, and water flow regulation, presenting a harmonious fusion of convenience, efficiency, and sustainability.

The increasing drive towards modern, technologically advanced living spaces is predominantly steering the residential digital faucets market growth. As homes transform into smart homes, the demand for intelligent, connected, and energy-efficient appliances, including digital faucets, has seen a marked uptick. These faucets not only provide homeowners with heightened control but also aid in reducing unnecessary water consumption, catering to the global emphasis on sustainability.

Furthermore, the ongoing global trend emphasising hygiene and reducing touchpoints, especially in the post-pandemic world, is bolstering the adoption of touchless digital faucets and propelling the residential digital faucets market demand. Their sensor-based operations eliminate the need for manual contact, thereby promoting hygiene and reducing the spread of germs.

The residential construction boom, particularly in developing economies, also plays a pivotal role in the escalating demand for digital faucets. Emerging markets are witnessing rapid urbanisation and a growing middle class with increasing disposable income, predisposing them towards luxury and technologically advanced home fittings.

As per the residential digital faucets market analysis, advanced digital faucets today come integrated with features such as voice activation, remote control through mobile applications, and even diagnostics that can alert users about possible leaks or malfunctions. These innovations are not just enhancing user convenience but also playing a significant role in water conservation, which is becoming an increasingly pertinent global issue.

E-commerce platforms have emerged as a crucial catalyst for the digital faucet industry. With an ever-expanding digital consumer base, online sales channels allow manufacturers and sellers to showcase a vast array of products, ensuring consumers find the perfect fit for their homes and further contribute value to the residential digital faucets market size.

Market Segmentation

The market can be divided based on application, distribution channel, and region.

Market Breakup by Application

  • Digital Bathroom
  • Digital Kitchen

Market Breakup by Distribution Channel

  • Online
  • Offline

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global residential digital faucets market. Some of the major players explored in the report are as follows:
  • CERA Sanitaryware Ltd.
  • LIXIL Group Corp.
  • Armstrong International Inc.
  • Oras Ltd.
  • TOTO Ltd.
  • Kohler Co.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Residential Digital Faucets Market Analysis
8.1 Key Industry Highlights
8.2 Global Residential Digital Faucets Historical Market (2018-2023)
8.3 Global Residential Digital Faucets Market Forecast (2024-2032)
8.4 Global Residential Digital Faucets Market by Application
8.4.1 Digital Bathroom
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Digital Kitchen
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Residential Digital Faucets Market by Distribution Channel
8.5.1 Offline
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Online
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Residential Digital Faucets Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Residential Digital Faucets Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Residential Digital Faucets Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Residential Digital Faucets Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Residential Digital Faucets Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Residential Digital Faucets Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CERA Sanitaryware Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 LIXIL Group Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Armstrong International Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Oras Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 TOTO Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Kohler Co.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Residential Digital Faucets Market: Key Industry Highlights, 2018 and 2032
2. Global Residential Digital Faucets Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Residential Digital Faucets Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Residential Digital Faucets Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5. Global Residential Digital Faucets Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6. Global Residential Digital Faucets Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Residential Digital Faucets Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Residential Digital Faucets Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Residential Digital Faucets Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Residential Digital Faucets Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Residential Digital Faucets Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Residential Digital Faucets Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Residential Digital Faucets Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Residential Digital Faucets Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Residential Digital Faucets Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Residential Digital Faucets Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Residential Digital Faucets Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Residential Digital Faucets Market Structure

Companies Mentioned

  • CERA Sanitaryware Ltd.
  • LIXIL Group Corp.
  • Masco Corp.
  • Oras Ltd.
  • TOTO Ltd.

Methodology

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