Leading Electronic Soap Dispenser Application Markets Databank

Leading Electronic Soap Dispenser Application Markets Databank

The Electronic Soap Dispenser market was valued at $669.0 Million in 2020, and is projected to reach $1,274.6 Million by 2029 growing at a CAGR of 7.48% from 2021 to 2029. Commercial segment is expected to be the highest contributor to this market, with $345.3 Million in 2020, and is anticipated to reach $662.5 Million by 2029, registering a CAGR of 7.56%. Commercial and Institutional segments collectively expected to account for about 87.7% share of the Electronic Soap Dispenser market in 2020, with the former constituting around 51.6% share. Commercial and Institutional segments are expected to witness significant growth rates at a CAGR of 7.56% and 7.50% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 87.7% in the overall Electronic Soap Dispenser market in 2020, and is anticipated to reach 88.2% by 2029.