Global Smart Bathroom Market to amass $ 9775.4 Mn by 2026

May 03, 2019

Global smart bathroom market size is projected to accrue USD 9775.4 million by 2026, according to the latest research available at Market Study Report LLC, report provides detailed segmentation of the smart bathroom market based on product type, application, end user and region.

Key factors driving smart bathroom market growth are listed below:

•    The increasing demand for automation in consort with increasing prices linked with energy utilization would enhance the share of smart bathroom market.

•    The rising integration of smart bathrooms across smart home infrastructure, together with supportive government regulations pertaining to emission and energy use, will support industry growth.

•    The surging implementation of the Internet of Things and smart gadgets will augment the implementation of smart bathroom products.

Apart from the factors mentioned above, the other driving forces comprise increasing acceptance of mobile devices, technological enhancements, and implementation of home automation solutions. Emerging new markets, evolving consumer demographics, and surging awareness amid consumers pertaining to energy efficiency would offer spectacular growth opportunities to the global smart bathroom industry over the estimated period.

According to the findings of the report, based on the product spectrum, the smart toilet market segment led the global market in the year 2017, it was followed by touchless faucets. In terms of regional proliferation, the North America market segment led the worldwide smart bathroom market, based on revenue in the year 2017.

This study has bifurcated the global smart bathroom market with regards to component, product, end-user, and geography. Speaking of the product outlook, the market is further classified into touch-less faucets, smart windows, soaking tubs, smart toilets, and others. Expounding the component landscape, the study divides the market based on services, software, and hardware. The end user environment of the smart bathroom has two major sections, namely non-residential and residential.

Lately, the use of digital faucets has amplified multifold because of the rising need to conserve energy and water. Digital faucets manage digital temperature settings and reduce tap flow, thereby saving money and water. It employs infrared tap technology to track user and shut off the water after sensing the removal of user’s hands from below the faucet. The digital faucet is equipped with programmable features such as teeth-brushing option or timed shower setting that make water available for a specified time span.

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Google is seeking patents to expand its product offerings in this market. The patents are related to toilet seats and bath mats with in-built sensors with the ability to measure heart rate as well as electrical patterns of the body. Some of these products also include a non-invasive camera in the bathroom mirror to recognize the color of the skin. These features offer health-related updates to users to regularly supervise health.

The report cites that the growth of the North America market is majorly driven by factors such as established telecom industry & cloud infrastructure, growing proliferation of mobile devices, technological enhancements, and huge research and development investments. Also, the emergence of favorable government regulations pertaining to energy utilization and emissions, as well as rising cognizance about using energy efficient equipment boost the market size in North America. The rising concerns pertaining to personal hygiene, rapid increase in smart homes development, high disposable incomes, and surging adoption of IoT & connected devices further augments the regional demand of smart bathrooms.

The key organizations profiled in this study include LIXIL Group Corporation, Toto Ltd, Delta Faucet Company, Cera Sanitaryware Ltd., American Standard Brands, Bradley Corporation, Roca Sanitario S.A, Duravit AG, Kohler Co., and Masco Corporation. The report cites that these organizations rely profoundly on growth strategies such as merger & acquisition, collaboration, geographical expansion, and portfolio enlargement to boost their global presence and augment user base.