Automatic Faucets Market Forecasts to 2030 – Global Analysis By Product (Wall Mounted Faucet and Deck Mounted Faucet), Type (Sensor Tap, Hardwired Faucet, Battery Faucet and Plug In Faucet), Application, End User and By Geography

Automatic Faucets Market Forecasts to 2030 – Global Analysis By Product (Wall Mounted Faucet and Deck Mounted Faucet), Type (Sensor Tap, Hardwired Faucet, Battery Faucet and Plug In Faucet), Application, End User and By GeographyAccording to Stratistics MRC, the Global Automatic Faucets Market is accounted for $7.23 billion in 2023 and is expected to reach $11.77 billion by 2030 growing at a CAGR of 7.2% during the forecast period. An automated faucet has a proximity sensor and an automatic mechanism that permits water to flow through the valve and onto the tap just where the user's hands are. After a brief period of time or when it no longer recognises the user's hands, the tap closes its valve once more. The flow may be precisely adjusted to deliver the optimum amount to fill hand basins, sinks, or bathtubs to the pre-set level, guaranteeing the optimal volumes of water are delivered at the proper temperature for each use. Every structure in which they are installed benefits greatly from their installation. Sensor faucets eliminate the need for parents to check that kids have turned off the water when they are placed in a home. Water wastage that may result from excessive water pouring is reduced by automated faucets that turn off automatically after each usage.

Market Dynamics:

Driver:

Growing prevalence of contagious illnesses

The fact that more people are awake and aware of the opportunities and solutions that can make their homes and places of employment safer, healthier, and more sustainable is one of the obvious reasons for this strategy. Installing touchless faucets in a school or kindergarten is undoubtedly one of the finest, easiest, and most practical solutions to stop the disease from spreading. A superb example of a single device that may significantly improve cleaning while simultaneously conserving water and energy is a touchless tap. Smart faucets can stop the transmission of bacteria since they don't require contact.

Restraint:

Sensor malfunction

The sensors frequently have malfunctions. Over time, the sensors deteriorate and may begin to malfunction. If the sensor isn't functioning properly, the Touchless Faucet won't provide any water. The automated faucets' batteries run out quite rapidly. The sensor is probably faulty, if it results in high power usage and battery loss. Even if there is a tiny bit of dirt on the sensor surface, the water does not flow. The sensors should constantly be kept clean and free of appropriate dust. The market demand is being hampered by this aspect.

Opportunity:

Growing smart buildings concept

For proprietors or tenants to better manage their properties, smart buildings provide actionable information about the building as a whole or about a single space inside it. It offers Predictive maintenance combined with quantified building data. By spotting leaks and waste and turning off taps and showers automatically, smart building systems can monitor and save water usage. Automatic faucets are straightforward to install and operate. Its advantages include financial and energy savings. This factor is accelerating the market expansion.

Threat:

Quite expensive than traditional faucets

In general, touchless faucets have more mechanical parts and problems. Because they are powered by batteries and require sensors to work, they have an energy cost built in. This cost might increase if batteries need to be changed regularly. In order to install a touchless faucet, it is likely needed to hire a plumber because they are installed differently than regular faucets. The temperature control still has to be changed, just like all the other features. Touchless faucets are more expensive than traditional faucets and they may have an impact on the market for automated faucets.

Covid-19 Impact

The megatrends in sustainability, health, and safety are picking up momentum because of Covid-19, and they are raising the standard for products that improve our living spaces. The COVID-19 epidemic has prompted the introduction of automated goods that aid in avoiding contact and aid in preserving social distance; as a result, demand for sensor faucets raised drastically during the covid epidemic period.

The sensor tap segment is expected to be the largest during the forecast period

The sensor tap segment is estimated to have a lucrative growth. Sensor taps are automated taps that turn on and off when hands are detected in the hand washing area, eliminating the need for the user to manually operate the tap. When using a sensor tap, the water flow is shut off when the user removes their hands from the washbasin for hand washing. The segment's demand is being fuelled by its advantages, such as water conservation, cleanliness, and ease of operation.

The public utilities segment is expected to have the highest CAGR during the forecast period

The public utilities segment is anticipated to witness the fastest CAGR growth during the forecast period. In public utilities, automated faucets offer hands-free operation and better hygienic conditions. By removing the necessity for physical touch, these sensor faucets improve cleanliness and aid in water conservation by reducing needless water waste. By removing the need for physical touch and preventing cross-contamination and the transmission of germs, these faucets encourage better hygiene. It makes restrooms cleaner and more contemporary-feeling, which is helping the market flourish.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rising government initiatives for smart cities across the developing economies. For instance, the Indian government urged regional or state level authorities to expand the development of smart buildings and other smart amenities throughout the nation when it introduced the ""100 Smart Cities Mission"" programme in 2015. Therefore, positive growth in the area is ascribed to lifestyle changes, the development of smart buildings and private construction, increased disposable income, and the availability of more affordable goods.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the changing consumer lifestyles that have encouraged the adoption of more user-friendly and sanitary solutions. Additionally, Europe is experiencing an increase in the development of smart buildings, which are designed to make life easier for residents there. Since COVID-19 has a negative influence on people's health in both developing nations, people are choosing automated ways to stop the illness from spreading, which is anticipated to increase demand for sensor faucets in both regions throughout the projected period.


Key players in the market

Some of the key players profiled in the Automatic Faucets Market include Kohler, LIXIL Water Technology, Joomo, Masco Corporation, Beiduo Bathroom, Sloan Valve, TOTO, Moen Incorporated, Roca Sanitario S.A., Geberit, Sunlot Shares, PRESTO Group, Oras, Fortune Brands, Pfister, Jaquar and Delta Faucet.

Key Developments:

In March 2023, The LIXIL Group, which owns leading global brands GROHE and American Standard, has announced the opening of its first LIXIL Experience Center in BKC, Mumbai. Located in the heart of Mumbai and spread over an area of 4,694 sq. ft., the LIXIL Experience Center is a testament to the company’s commitment to innovation, design, and sustainability.

In January 2023, Delta Faucet introduced their newest lineup of products and innovations at the Kitchen and Bath Industry Show (KBIS). The lineup consists of Delta® ShowerSense® Digital Shower Series, Delta® SteamScape™ Steam Shower Series, Tetra™ Bath Collection and Pull-Down Bath Faucet Expansion.

In January 2021, Kohler launched new touchless bathroom integrated faucet collection with embedded sensors, allowing a retrofit solution to the KOHLER single control bathroom faucet.

Products Covered:
• Wall Mounted Faucet
• Deck Mounted Faucet

Types Covered:
• Sensor Tap
• Hardwired Faucet
• Battery Faucet
• Plug In Faucet

Applications Covered:
• Kitchen
• Bathroom
• Other Applications

End Users Covered:
• Public Utilities
• Residential
• Commercial

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements