A Thermostatic Mixers Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount)

Thermostatic Mixers Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount), Application (Residential and Commercial), Design Type (Concealed and Exposed), and Geography

The thermostatic mixers market is projected to reach US$ 5.79 billion by 2031 from US$ 4.01 billion in 2023; the market is expected to register a CAGR of 4.7% during 2023-2031.

The global thermostatic mixers market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Europe held the largest market share of 42.3% in 2023 and is projected to maintain its dominance during the forecast period. This can be attributed to the rise in demand for water and energy conservation technology or products, government initiatives toward sustainable or smart products in residential and commercial premises, and a rise in awareness of water temperature and flow control for personal safety during bathing applications. North America was the second-largest region in the thermostatic mixers market; it accounted for 35.3% of the total market share in 2023 and is expected to register a CAGR of 4.1% from 2023 to 2031. The market growth in North America can be attributed to the rise in awareness of safety from water temperature variations to avoid accidents during bathing. In addition, government initiatives to conserve water and energy are further anticipated to propel the demand for thermostatic mixers during the forecast period.

Asia Pacific, the Middle East & Africa, and South America also contribute to the growth of the thermostatic mixers market owing to the rise in residential and commercial projects across these regions. In addition, an increase in government initiatives toward financing or investment in housing projects to fulfill the demand for affordable houses across the regions is further projected to propel the market growth during the forecast period. Moreover, the growth of the tourism industry in economies in Asia Pacific and the Middle East, such as India, Indonesia, Thailand, Singapore, Saudi Arabia, and the UAE, is projected to drive the demand for thermostatic mixers at resorts, hotels, airport bathrooms, and other commercial spaces, thereby boosting the thermostatic mixers market growth from 2023 to 2031.

Further, the demand for wall mounted mixers is one of the major factors supporting the thermostatic mixers market growth across different regions. The wall-mounted thermostatic mixer is another mounting type installation that offers safety and maximum comfort to residential and commercial washrooms. The wall-mounted thermostatic mixer offers thermostatic temperature control in the bathtub filling and shower applications. The wall-mounted thermostatic mixer offers benefits such as a unique aesthetic and space-saving design, easy maintenance, etc. A thermostatic mixer helps maintain the water supply in the event of pressure fluctuations while ensuring constant temperature. Thus, the benefits associated with wall-mount thermostatic mixers and a rise in residential construction activities across developing economies are expected to bolster the market growth in the coming years.

The global thermostatic mixers market is segmented into mounting type, application, design type, and region. Based on mounting type, the global thermostatic mixers market is divided into deck mount and wall mount. Based on application, the market is bifurcated into residential and commercial. Based on design type, the market is divided into concealed and exposed.

Based on design type, the exposed segment is growing at a rapid pace with the increasing demand for exposed thermostatic mixers in the residential applications due to their lesser cost of product and their installations. This is owing to the benefits associated with exposed thermostatic mixers, such as classic design, easy installation, easy maintenance and repair, affordability, and aesthetic appeal. Moreover, the rising use of smart appliances in residential and commercial bathroom applications is anticipated to propel the demand for thermostatic mixers, which, in turn, is projected to boost the market growth from 2023 to 2031. Also, the growth of the hospitality industry across the globe is likely to boost the demand for thermostatic mixers during the forecast period.

Based on application, commercial segment accounted for the largest market share in 2023. Thermostatic mixers are increasingly used in hotels, hospitals, public bathrooms, barber shops, etc. The thermostatic mixers market is witnessing significant growth owing to the rise in demand for temperature-controlled water systems in residential and commercial applications across the globe.

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