Electric Taps Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Electric Taps Market
The electric taps market size was valued at USD 396.9 million in 2020, and the market is now projected to grow from USD 429.7 million in 2021 to USD 877.2 million by 2028, exhibiting a CAGR of 10.7% during the forecast period of 2021-2028.
The COVID-19 pandemic is promptly growing and impacting the world-wide supply chain thus, severely interrupted economic activities. The pandemic has further led to part or whole lockdown that has hampered the industrial business, residential & commercial construction businesses.
The ever-growing commercial services construction has created the demand for touch less taps to evade physical contact. The touch less technology is aiding to diminish the germ spreading across services in this pandemic situation. Moreover, sensor-activated taps are progressively capturing their significance in medical services. It benefits to prevent patients from contracting or transmitting infection during the surgical procedures by touching contaminated taps. Additionally, the quicker development of hotels, medical facilities, shopping malls, and airports construction leads to an augmented demand for touch less taps. Consequently, the augmented demand for touch less taps is projected to motivate the electric taps market growth.
The rising infrastructural doings tied with growing disposable income have led to in smart home construction through residential services. The utilization of progressive technologies such as sensors, thermostats, and others targets to enhance energy efficiency and sustain hygiene, thus encouraging the smart home idea. Developed urbanization boosts the construction of smart residential buildings presenting smart bathrooms and kitchens to encourage viable and effective water management. The fitting of electric taps across bathrooms and kitchens is thus providing effective solutions for energy price decline.
Comprehensive Analysis of Electric Taps Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by mounting type and by application. Based on the type, the global market is segmented into touchless and instant heating taps. Based on the mounting type, the market is categorized into wall-mounted and deck-mounted taps. Based on the application, the market is segmented into residential and commercial.
Asia Pacific region is dominating the electric taps market share due to progressed demand for touch less and immediate heating taps across high-end bathrooms.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include LIXIL Corporation (Tokyo, Japan), Masco Corporation (Michigan, U.S.), Wenzhou Bomei Sanitary Ware Co., Ltd (Zhejiang, China), Jaquar (Gurgaon, India), Kohler Co. (Wisconsin, U.S.), Taizhou Hengyida Plastic Plumbing Factory (Zhejiang, China), Toto Ltd. (Fukuoka, Japan), Euronics Industries Pvt Ltd (Gurgaon, India), Havells India Ltd. (Uttar Pradesh, India), Fortune Brands Home & Security, Inc. (Illinois, U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In March 2021, Jaguar presented wall and deck mounted ‘Blush Sensor Faucets,’ a smart design that incorporates quick-response and high-accuracy sensors right into the stream. It is precisely appropriate for commercial bathroom spaces.
Segmentation Table
ATTRIBUTE DETAILS
Study Period
2017 – 2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021 – 2028
Historical Period
2017 – 2019
Unit
Value (USD Million)
Segmentation
Type, Mounting Type, Application, and Region
By Type
Instant Heating Taps
Touchless Taps
By Mounting Type
Deck-mounted
Wall-mounted
By Application
Commercial
- Restaurants/Hotels
- Offices
- Medical Facilities
- Entertainment Places
- Others (Airports, etc.)
By Region
North America (Type, Mounting Type, Application and Country)
- U.S. (By Application, Commercial)
- Canada (By Application, Commercial)
- Mexico (By Application, Commercial)
- United Kingdom (By Application, Commercial)
- Germany (By Application, Commercial)
- France (By Application, Commercial)
- Italy (By Application, Commercial)
- Spain (By Application, Commercial)
- Russia (By Application, Commercial)
- Benelux (By Application, Commercial)
- Nordics (By Application, Commercial)
- Rest of Europe
- China (By Application, Commercial)
- India (By Application, Commercial)
- Japan (By Application, Commercial)
- South Korea (By Application, Commercial)
- ASEAN (By Application, Commercial)
- Oceania (By Application, Commercial)
- Rest of Asia Pacific
- Turkey (By Application, Commercial)
- Israel (By Application, Commercial)
- GCC (By Application, Commercial)
- North Africa (By Application, Commercial)
- South Africa (By Application, Commercial)
- Rest of the Middle East & Africa
- Brazil (By Application, Commercial)
- Argentina (By Application, Commercial)
- Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19 on Electric Taps Market
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Forces Analysis
- 4.4. Global Electric Taps Market Share Analysis and Matrix, 2020
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc.
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Past and Current Revenue
- 6.3.3. Geographical Share
- 6.3.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 8.1. Global Electric Taps Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.1.1. By Type (Value)
- 8.1.1.1. Instant Heating Taps
- 8.1.1.2. Touchless Taps
- 8.1.2. By Mounting Type
- 8.1.2.1. Deck mounted
- 8.1.2.2. Wall mounted
- 8.1.3. By Application (Value)
- 8.1.3.1. Commercial
- 8.1.3.1.1. Restaurants/Hotels
- 8.1.3.1.2. Offices
- 8.1.3.1.3. Medical Facilities
- 8.1.3.1.4. Entertainment Places
- 8.1.3.1.5. Others (Airports, etc.)
- 8.1.3.2. Residential
- 8.1.4. By Geography (Value)
- 8.1.4.1. North America
- 8.1.4.2. Europe
- 8.1.4.3. Asia Pacific
- 8.1.4.4. Middle East & Africa
- 8.1.4.5. South America
- 8.2. North America Electric Taps Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.2.1. By Type (Value)
- 8.2.1.1. Instant Heating Taps
- 8.2.1.2. Touchless Taps
- 8.2.2. By Mounting Type
- 8.2.2.1. Deck mounted
- 8.2.2.2. Wall mounted
- 8.2.3. By Application (Value)
- 8.2.3.1. Commercial
- 8.2.3.1.1. Restaurants/Hotels
- 8.2.3.1.2. Offices
- 8.2.3.1.3. Medical Facilities
- 8.2.3.1.4. Entertainment Places
- 8.2.3.1.5. Others (Airports, etc.)
- 8.2.3.2. Residential
- 8.2.4. By Country (Value)
- 8.2.4.1. United States
- 8.2.4.1.1. By Application, Commercial
- 8.2.4.1.1.1. Restaurants/Hotels
- 8.2.4.1.1.2. Offices
- 8.2.4.1.1.3. Medical Facilities
- 8.2.4.1.1.4. Entertainment Places
- 8.2.4.1.1.5. Others (Airports, etc.)
- 8.2.4.2. Canada
- 8.2.4.2.1. By Application, Commercial
- 8.2.4.2.1.1. Restaurants/Hotels
- 8.2.4.2.1.2. Offices
- 8.2.4.2.1.3. Medical Facilities
- 8.2.4.2.1.4. Entertainment Places
- 8.2.4.2.1.5. Others (Airports, etc.)
- 8.2.4.3. Mexico
- 8.2.4.3.1. By Application, Commercial
- 8.2.4.3.1.1. Restaurants/Hotels
- 8.2.4.3.1.2. Offices
- 8.2.4.3.1.3. Medical Facilities
- 8.2.4.3.1.4. Entertainment Places
- 8.2.4.3.1.5. Others (Airports, etc.)
- 8.3. Europe Electric Taps Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.3.1. By Type (Value)
- 8.3.1.1. Instant Heating Taps
- 8.3.1.2. Touchless Taps
- 8.3.2. By Mounting Type
- 8.3.2.1. Deck mounted
- 8.3.2.2. Wall mounted
- 8.3.3. By Application (Value)
- 8.3.3.1. Commercial
- 8.3.3.1.1. Restaurants/Hotels
- 8.3.3.1.2. Offices
- 8.3.3.1.3. Medical Facilities
- 8.3.3.1.4. Entertainment Places
- 8.3.3.1.5. Others (Airports, etc.)
- 8.3.3.2. Residential
- 8.3.4. By Country (Value)
- 8.3.4.1. United Kingdom
- 8.3.4.1.1. By Application, Commercial
- 8.3.4.1.1.1. Restaurants/Hotels
- 8.3.4.1.1.2. Offices
- 8.3.4.1.1.3. Medical Facilities
- 8.3.4.1.1.4. Entertainment Places
- 8.3.4.1.1.5. Others (Airports, etc.)
- 8.3.4.2. Germany
- 8.3.4.2.1. By Application, Commercial
- 8.3.4.2.1.1. Restaurants/Hotels
- 8.3.4.2.1.2. Offices
- 8.3.4.2.1.3. Medical Facilities
- 8.3.4.2.1.4. Entertainment Places
- 8.3.4.2.1.5. Others (Airports, etc.)
- 8.3.4.3. France
- 8.3.4.3.1. By Application, Commercial
- 8.3.4.3.1.1. Restaurants/Hotels
- 8.3.4.3.1.2. Offices
- 8.3.4.3.1.3. Medical Facilities
- 8.3.4.3.1.4. Entertainment Places
- 8.3.4.3.1.5. Others (Airports, etc.)
- 8.3.4.4. Italy
- 8.3.4.4.1. By Application, Commercial
- 8.3.4.4.1.1. Restaurants/Hotels
- 8.3.4.4.1.2. Offices
- 8.3.4.4.1.3. Medical Facilities
- 8.3.4.4.1.4. Entertainment Places
- 8.3.4.4.1.5. Others (Airports, etc.)
- 8.3.4.5. Spain
- 8.3.4.5.1. By Application, Commercial
- 8.3.4.5.1.1. Restaurants/Hotels
- 8.3.4.5.1.2. Offices
- 8.3.4.5.1.3. Medical Facilities
- 8.3.4.5.1.4. Entertainment Places
- 8.3.4.5.1.5. Others (Airports, etc.)
- 8.3.4.6. Russia
- 8.3.4.6.1. By Application, Commercial
- 8.3.4.6.1.1. Restaurants/Hotels
- 8.3.4.6.1.2. Offices
- 8.3.4.6.1.3. Medical Facilities
- 8.3.4.6.1.4. Entertainment Places
- 8.3.4.6.1.5. Others (Airports, etc.)
- 8.3.4.7. Benelux
- 8.3.4.7.1. By Application, Commercial
- 8.3.4.7.1.1. Restaurants/Hotels
- 8.3.4.7.1.2. Offices
- 8.3.4.7.1.3. Medical Facilities
- 8.3.4.7.1.4. Entertainment Places
- 8.3.4.7.1.5. Others (Airports, etc.)
- 8.3.4.8. Nordics
- 8.3.4.8.1. By Application, Commercial
- 8.3.4.8.1.1. Restaurants/Hotels
- 8.3.4.8.1.2. Offices
- 8.3.4.8.1.3. Medical Facilities
- 8.3.4.8.1.4. Entertainment Places
- 8.3.4.8.1.5. Others (Airports, etc.)
- 8.3.4.9. Rest of Europe
- 8.4. Asia Pacific Electric Taps Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.4.1. By Type (Value)
- 8.4.1.1. Instant Heating Taps
- 8.4.1.2. Touchless Taps
- 8.4.2. By Mounting Type
- 8.4.2.1. Deck mounted
- 8.4.2.2. Wall mounted
- 8.4.3. By Application (Value)
- 8.4.3.1. Commercial
- 8.4.3.1.1. Restaurants/Hotels
- 8.4.3.1.2. Offices
- 8.4.3.1.3. Medical Facilities
- 8.4.3.1.4. Entertainment Places
- 8.4.3.1.5. Others (Airports, etc.)
- 8.4.3.2. Residential
- 8.4.4. By Country (Value)
- 8.4.4.1. China
- 8.4.4.1.1. By Application, Commercial
- 8.4.4.1.1.1. Restaurants/Hotels
- 8.4.4.1.1.2. Offices
- 8.4.4.1.1.3. Medical Facilities
- 8.4.4.1.1.4. Entertainment Places
- 8.4.4.1.1.5. Others (Airports, etc.)
- 8.4.4.2. India
- 8.4.4.2.1. By Application, Commercial
- 8.4.4.2.1.1. Restaurants/Hotels
- 8.4.4.2.1.2. Offices
- 8.4.4.2.1.3. Medical Facilities
- 8.4.4.2.1.4. Entertainment Places
- 8.4.4.2.1.5. Others (Airports, etc.)
- 8.4.4.3. Japan
- 8.4.4.3.1. By Application, Commercial
- 8.4.4.3.1.1. Restaurants/Hotels
- 8.4.4.3.1.2. Offices
- 8.4.4.3.1.3. Medical Facilities
- 8.4.4.3.1.4. Entertainment Places
- 8.4.4.3.1.5. Others (Airports, etc.)
- 8.4.4.4. South Korea
- 8.4.4.4.1. By Application, Commercial
- 8.4.4.4.1.1. Restaurants/Hotels
- 8.4.4.4.1.2. Offices
- 8.4.4.4.1.3. Medical Facilities
- 8.4.4.4.1.4. Entertainment Places
- 8.4.4.4.1.5. Others (Airports, etc.)
- 8.4.4.5. ASEAN
- 8.4.4.5.1. By Application, Commercial
- 8.4.4.5.1.1. Restaurants/Hotels
- 8.4.4.5.1.2. Offices
- 8.4.4.5.1.3. Medical Facilities
- 8.4.4.5.1.4. Entertainment Places
- 8.4.4.5.1.5. Others (Airports, etc.)
- 8.4.4.6. Oceania
- 8.4.4.6.1. By Application, Commercial
- 8.4.4.6.1.1. Restaurants/Hotels
- 8.4.4.6.1.2. Offices
- 8.4.4.6.1.3. Medical Facilities
- 8.4.4.6.1.4. Entertainment Places
- 8.4.4.6.1.5. Others (Airports, etc.)
- 8.4.4.7. Rest of Asia Pacific
- 8.5. Middle East & Africa Electric Taps Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.5.1. By Type (Value)
- 8.5.1.1. Instant Heating Taps
- 8.5.1.2. Touchless Taps
- 8.5.2. By Mounting Type
- 8.5.2.1. Deck mounted
- 8.5.2.2. Wall mounted
- 8.5.3. By Application (Value)
- 8.5.3.1. Commercial
- 8.5.3.1.1. Restaurants/Hotels
- 8.5.3.1.2. Offices
- 8.5.3.1.3. Medical Facilities
- 8.5.3.1.4. Entertainment Places
- 8.5.3.1.5. Others (Airports, etc.)
- 8.5.3.2. Residential
- 8.5.4. By Country (Value)
- 8.5.4.1. Turkey
- 8.5.4.1.1. By Application, Commercial
- 8.5.4.1.1.1. Restaurants/Hotels
- 8.5.4.1.1.2. Offices
- 8.5.4.1.1.3. Medical Facilities
- 8.5.4.1.1.4. Entertainment Places
- 8.5.4.1.1.5. Others (Airports, etc.)
- 8.5.4.2. Israel
- 8.5.4.2.1. By Application, Commercial
- 8.5.4.2.1.1. Restaurants/Hotels
- 8.5.4.2.1.2. Offices
- 8.5.4.2.1.3. Medical Facilities
- 8.5.4.2.1.4. Entertainment Places
- 8.5.4.2.1.5. Others (Airports, etc.)
- 8.5.4.3. GCC
- 8.5.4.3.1. By Application, Commercial
- 8.5.4.3.1.1. Restaurants/Hotels
- 8.5.4.3.1.2. Offices
- 8.5.4.3.1.3. Medical Facilities
- 8.5.4.3.1.4. Entertainment Places
- 8.5.4.3.1.5. Others (Airports, etc.)
- 8.5.4.4. North Africa
- 8.5.4.4.1. By Application, Commercial
- 8.5.4.4.1.1. Restaurants/Hotels
- 8.5.4.4.1.2. Offices
- 8.5.4.4.1.3. Medical Facilities
- 8.5.4.4.1.4. Entertainment Places
- 8.5.4.4.1.5. Others (Airports, etc.)
- 8.5.4.5. South Africa
- 8.5.4.5.1.
- 8.5.4.5.1.1. By Application, Commercial
- 8.5.4.5.1.2. Restaurants/Hotels
- 8.5.4.5.1.3. Offices
- 8.5.4.5.1.4. Medical Facilities
- 8.5.4.5.1.5. Entertainment Places
- 8.5.4.5.1.6. Others (Airports, etc.)
- 8.5.4.6. Rest of Middle East & Africa
- 8.6. South America Electric Taps Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.6.1. By Type (Value)
- 8.6.1.1. Instant Heating Taps
- 8.6.1.2. Touchless Taps
- 8.6.2. By Mounting Type
- 8.6.2.1. Deck mounted
- 8.6.2.2. Wall mounted
- 8.6.3. By Application (Value)
- 8.6.3.1. Commercial
- 8.6.3.1.1. Restaurants/Hotels
- 8.6.3.1.2. Offices
- 8.6.3.1.3. Medical Facilities
- 8.6.3.1.4. Entertainment Places
- 8.6.3.1.5. Others (Airports, etc.)
- 8.6.3.2. Residential
- 8.6.4. By Country (Value)
- 8.6.4.1. Brazil
- 8.6.4.1.1. By Application, Commercial
- 8.6.4.1.1.1. Restaurants/Hotels
- 8.6.4.1.1.2. Offices
- 8.6.4.1.1.3. Medical Facilities
- 8.6.4.1.1.4. Entertainment Places
- 8.6.4.1.1.5. Others (Airports, etc.)
- 8.6.4.2. Argentina
- 8.6.4.2.1. By Application, Commercial
- 8.6.4.2.1.1. Restaurants/Hotels
- 8.6.4.2.1.2. Offices
- 8.6.4.2.1.3. Medical Facilities
- 8.6.4.2.1.4. Entertainment Places
- 8.6.4.2.1.5. Others (Airports, etc.)
- 8.6.4.3. Rest of South America
- 9. List of some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain.
- 10. (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope. However, at the same, we are open to profile additional company(s) on specific request).
- 11. LIXIL Corporation
- 12. Masco Corporation
- 13. Wenzhou Bomei Sanitary Ware Co., Ltd
- 14. Jaquar
- 15. Kohler Co.
- 16. Taizhou Hengyida Plastic Plumbing Factory
- 17. Toto Ltd.
- 18. Euronics Industries Pvt Ltd
- 19. Havells India Ltd.
- 20. Fortune Brands Home & Security, Inc.
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