by Brianna Crandall — April 29, 2016 — A new market research report from Technavio presents a comprehensive analysis and detailed segmentation of the global smart bathroom market. Smart bathrooms, which offer optimally integrated solutions such as smart toilets, automatic flush systems, and automatic faucets, are considered an important feature of buildings in smart cities, as they help conserve energy and water.
Technavio’s market research analysts estimate the global smart bathroom market to grow at a compound annual growth rate (CAGR) of 10% between 2016 and 2020. High demand from the commercial, infrastructure, and residential construction sectors are expected to propel the growth of this trending market over the next four years.
Soumya Mutsuddi, lead analyst, Heavy Industry, Technavio Research, commented:
Growing focus on energy conservation, maintaining hygiene, and sustainable development are boosting the demand for smart bathrooms. In the U.S., 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.
Segments and regions
The new report provides a breakdown and analysis of the smart bathroom segments by product / technology (smart windows, hand dryers, touchless cisterns, touchless soap dispensers, smart toilets, touchless faucets, and others). The touchless faucets segment holds the largest market share of more than 24% in the global market.
The geographical expansion of various companies has resulted in the increasing construction of offices in emerging economies like India, Brazil, China, and Russia, which is expected to fuel the demand for touchless faucets, which control water flow to reduce wastage. Touchless faucets also eliminate the spreading of germs and protect users from injuries such as blisters and peeling of skin due to hot water, according to the report.
Key vendors
The leading vendors in the global smart bathroom market include Grohe, Jaquar, Kohler, and Toto. The market is considered 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, according to the report.
A more detailed analysis is available in the Technavio report, Global Smart Bathroom Market 2016-2020, available for purchase on the company’s Web site. Reports can be customized by other regions and specific segments upon request.
