The Global Electric Taps Market is Projected to Grow USD 877.2 million at a CAGR of 10.7% During the Forecast Period | No of Pages 140
Global Electric Taps Market :(2023) Industry Research Report focuses on the global Electric Taps Industry status, future forecast, growth opportunity, key market, and key players. Also report gives detailed data about the major factors influencing the growth of the Electric Taps Market at the national and local level forecast the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Electric Taps Market size was USD 396.9 million in 2020 and is projected to grow from USD 429.7 million in 2021 to USD 877.2 million in 2028 at a CAGR of 10.7% during the 2021-2028 period.
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List Of Top Key Player Of Electric Taps Market:
- 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.)
Global Electric Taps Market Growth report serves as an ideal solution for a better understanding of the Market. It is helpful in finding out the size of the Market for specific products. These major players operating in this Market are in strong competition in terms of technology, innovation, product development, and product pricing. The Market study aids in making sales forecasts for its products and thereby, establishing harmonious adjustment between demand and supply of its products.
Recent Devlopment Of Industry:
March 2021: – Jaguar introduced wall and deck mounted ‘Blush Sensor Faucets,’ a smart design that integrates quick-response and high-accuracy sensors right into the spout. It is specifically suitable for commercial bathroom spaces.
July 2018: Kohler Co. launched its 1st ‘Tech Centre’ in Gujarat, India. The tech center displays industry-leading product designs. The company has invested nearly USD 200.0 million in India up till now.
Electric Taps Market Segmentations:
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.)
- Residential
Market Analysis and Insights: Global Electric Taps Market
The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region, and, as a result, provides a holistic view of, as well as a deep insight into the Electric Taps Market covering all its essential aspects.
For the competitive landscape, the report also introduces players in the industry from the perspective of the market share, concentration ratio, etc., and describes the leading companies in detail, with which the readers can get a better idea of their competitors and acquire an in-depth understanding of the competitive situation. Further, mergers & acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts will all be considered.
Geographically, the report includes research on production, consumption, revenue, market share, and growth rate in following regions:
- North America
- Europe
- Asia-Pacific
- South America
- The Middle East and Africa
Market Drivers:
The ever-growing commercial facilities construction has generated the demand for touchless taps to avoid physical contact. The touchless technology is helping to minimize the germ spreading across facilities in this pandemic situation. Additionally, sensor-activated taps are gradually encapsulating their importance in medical facilities.
Electric Taps Market Table of Content (TOC)
Introduction
- Definition, by Segment
- Research Methodology/approach
- Data Sources
- Key Takeaways
- Market Share Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities, and Trends
- Impact of Covid-19
- Short-Term Impact
- Long-Term Impact
- Competition Landscape 2028
- Business Strategies Adopted by Key Players
- Consolidated Swot Analysis of Key Players
- Global Electric Taps Key Players Market Share Insights and Analysis, 2028
- Key Market Share Insights and Strategic Recommendations
- Companies Profiled (covered for Key 10 Players Only)
- Overview
- Key Management
- Headquarters Etc.
- Offerings/Business Segments
- Key Details (subjected to Data Availability in The Public Domain And/or on Paid Databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Annexure / Appendix
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Electric Taps Industry
- Overview of the Regional Outlook of the Electric Taps Industry
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