North America Smart Shower Market Size, Share & Industry Trends Analysis Report By Application (Residential and Commercial), By Commercial Type (Hotels & Restaurants, Spas & Wellness, Gyms and Others), By Country and Growth Forecast, 2022 - 2028
The North America Smart Shower Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
A smart home system collects unique information from each of the smart gadgets or appliances via a wall-mounted unit or software that is available online, allowing users to manage all of your devices from a single location. Since the smart home industry is still in its infancy, there are a variety of smart home systems and home automation hubs available, the majority of which are only compatible with certain other systems.
Therefore, make careful to verify compatibility before making a purchase. User should have WiFi that can support information exchange since all smart home gadgets rely on the Internet for communication. You could even want to think about purchasing additional routers for larger households. Given the abundance of smart systems and smart home gadgets available, it is a wise idea (pun intended) to get acquainted with a few different choices before deciding on one.
The regional market has witnessed growth in population awareness along with increased residential & commercial space pricing. International travel is a crucial aspect of the US economy. Before the pandemic period, in 2019, foreign tourists spent $233.5 billion, contributing approximately $640 million per day to America’s economy. The nation’s travel & tourism industry has generated $1.9 trillion in economic production with a contribution of 2.9% to the nation’s GDP. Also, the region’s government supports the industry and provides cultural experiences, champions involvement in sports activities across Ontario, Canada intending to improve the living standard, and supports the region’s economic growth. Owing to this, the demand for high-tech multifunctional home interiors is estimated to grow, thus, supporting the growth of the smart shower market in North America region.
The US market dominated the North America Smart Shower Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $491.6 million by 2028.The Canada market is poised to grow at a CAGR of 10.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.3% during (2022 - 2028).
Based on Application, the market is segmented into Residential and Commercial. Based on Commercial Type, the market is segmented into Hotels & Restaurants, Spas & Wellness, Gyms and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aqualisa Products Limited (Fortune Brands Home & Security, Inc.), GetHai, Inc., Roca Sanitario, SA (Roca Corporacion Empresarial, SA), Toto Ltd., Lixil Corporation, Kohler Co., Jaquar Group, and Dornbracht Deutschland GmbH & Co. KG.
Scope of the Study
Market Segments covered in the Report:
By Application
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