Automatic Faucets Market Size, Share, Growth, and Industry Analysis, by Type (DC, AC), By Application (Residential, Commercial, and Other) Regional Forecast To 2028

Updated On: 15 May 2023

REPORT OVERVIEW

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The global automatic faucets market size is USD 1.761 billion in 2022 and the market is projected to touch USD 2.770 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 7.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the automatic faucets market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Automatic faucets are any faucets that have a proximity sensor and a mechanism that opens the valve to let water flow when a user's hands are nearby. The faucet closes its valve once more after a brief interval or when it no longer senses a presence. Public restrooms frequently use automatic faucets because they limit the transmission of dangerous bacteria, notably in hotels and airports. Some private residences' bathrooms and kitchens may also contain them. Giving animals access to drinking water is one of its other applications. When an animal is detected, an electrical sensor control initiates the flow of water into a dish or watering trough.

The idea of automatic faucets was initially created in the 1950s, but it wasn't until the late 1980s that they were put into commercial production and made available to the general public in places where users, including people with arthritis, had trouble operating home tap handles. They have gradually become commonplace in more developed countries, where they are used more frequently in locations to prevent bacteria transfer, such as hospitals and surgeries; in kitchens where food is prepared; in public restrooms; and in industrial settings where hands are contaminated by chemicals or grease. The flow can be accurately set to provide the correct quantity to fill hand basins, sinks, or baths to the pre-set level, ensuring the best amounts of the right temperature of the water are dispensed for each purpose.

COVID-19 Impact: Increase in Health-Conscious Population accelerated Market Growth

COVID-19 is speeding up the megatrends in sustainability, health, and safety, which are raising the bar for solutions that enhance our living spaces. The vast majority of individuals assume that the public spaces they visit will feature automatic faucets. This places a heavy burden on decision-makers to guarantee that people have access to clean, safe water everywhere. In addition to being a requirement in public spaces, more and more people are increasingly installing automatic faucets in their homes. The automatic faucets market growth was remarkable during the pandemic.

LATEST TRENDS

"Increased Demand from Individual Houses Increases the Market Growth"

Automatic sensor taps assist proprietors in giving customers a better bathroom experience. They work beautifully in a variety of settings. There are many benefits to using sensor taps. It is really sage to include them in any public or private restroom. They bring a great deal of value to every building they are installed in. Since the pandemic is gone, the market for automated faucets has expanded quickly as people have begun to install them in their homes and prioritize hygiene. As part of their water conservation policy and for health reasons, it is installed in each household.

SEGMENTATION

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• By Type

Based on type; the market is divided into DC, AC.

DC is the leading part of this segment.

• By Application

Based on application; the market is divided into Residential, Commercial, and Other

Commercial is the leading part of the application segment.

DRIVING FACTORS

"Growing Incidence of Contagious Diseases Increases Product Demand"

One of the obvious reasons for this approach is that people are more awake and aware of the possibilities and solutions that can make their places of residence and employment safer, healthier, and more sustainable. One of the best, simplest, and most useful ways to prevent the disease from spreading is definitely to install touchless faucets in a school or kindergarten. A touchless faucet is a fantastic example of a single gadget that can greatly enhance cleanliness while also saving water and energy. Because they don't require touching, smart faucets can prevent the spread of bacteria.

"Need for Water Conservation to Speed Up Market Growth"

In addition to the global struggle against climate change, an increasing problem is water scarcity. The combination of exact flow rate and time control guarantees only the predetermined quantity is dispensed when utilized for sensor activated automated use as opposed to manual control use. This prevents water waste and the subsequent disposal of extra grey water. The sensor-controlled flow of water is automatically halted when users leave public hand basins or showers, preventing waste. These faucets have the benefit of automatically turning off after hand washing, which minimizes water consumption. Sensor faucets reduce the need for parents to check if kids have turned off the faucet after being put in a home. As a result, the automatic faucets market is growing significantly.

RESTRAINING FACTORS

"High Costs Hinder the Market’s Growth."

Touchless faucets typically have more mechanical components and more issues. They have an energy cost built in because they run on batteries and need sensors to function, which can be expensive if batteries need to be changed frequently. Because a touchless faucet is installed differently than a conventional faucet, you will probably need to employ a plumber if you decide to install one. As with all other aspects, the temperature control must still be adjusted. Touchless faucets are more expensive than standard faucets and they can affect automatic faucets market.

REGIONAL INSIGHTS

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"North America to Lead Market Owing to Urbanization"

In comparison to other geographical areas, North America has the biggest automatic faucets market share. The flow rate of touchless faucets is lower than that of conventional faucets. Water is not squandered by mistakenly leaving the tap open thanks to the sensors' auto-switch-off feature, which results in significant water consumption reductions. These kinds of touchless taps are receiving increased attention in the area because of climate change and post-pandemic health concerns. When compared to the period before the epidemic, more individual homes are installing this.

KEY INDUSTRY PLAYERS

"Prominent Market Players to Accelerate Market Growth"

Data for this market was gathered from a variety of sources. Trade publications, statistics from professional organizations, academic studies, and government reports are a few examples. In addition to these main sources, information is also gathered from producers, distributors, sellers, retailers, micro-experts, and other market participants. The report offers details on industry participants and their geographical activity. A few examples of methods for obtaining data and producing reports include partnerships, technology advancements, acquisitions, mergers, and the expansion of industrial facilities.

List of Market Players Profiled

• Grohe (Germany)
• Kohler (U.S.)
• Moen (U.S.)
• American Standard (U.S.)
• TOTO (Japan)
• Kingston Brass (U.S.)
• LightInTheBox (China)
• Rozin (U.S.)
• DELTA FAUCET (U.S.)
• Danze (U.K.)
• Jomoo (China)
• Chaoyang (China)
• Delta Faucet (U.S.)
• Brizo (U.S.)
• Lowe's (U.S.)
• Wayfair (U.S.)
• Rubbermaid (U.S.)

REPORT COVERAGE

The report includes a comprehensive analysis of the market's present state, including a look at raw materials, technology, and equipment, as well as supply and demand, production capacity, and industry chain analysis. This study evaluates the market potential and market risks associated with the establishment of specific categories. It also assesses the influence of important market drivers and barriers to market expansion. The performance of significant corporations is evaluated throughout time, and their effects on market dynamics are examined.