The global Electric Taps Industry is expected to witness significant growth from 2025 to 2032, driven by advancements in machinery and equipment and increasing demand across various industries.
The electric taps market is gaining traction due to increasing demand for touchless, energy-efficient, and water-saving solutions in residential and commercial spaces. IoT-enabled smart taps with temperature control and automatic shut-off features are becoming industry standards. As sustainable water management gains importance, the market is expected to witness strong growth.
Market Size:
The global Electric Taps market is valued at USD 396.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% during the forecast period.
Market Outlook:
The global Electric Taps market is expected to reach USD 396.9 million value in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 10.7% between 2020 and 2028.
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Competitive environment:
This report provides an in-depth analysis of the competitive landscape. It includes a thorough competitive analysis covering the market structure, key player positioning, key strategies for success, competitive dashboard, and company valuation quadrants.
List of top Electric Taps companies:
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.)
Industry Scope and Overview
This report analyzes the global Electric Taps industry focusing on North America, Europe, Asia Pacific, South America, Middle East and Africa. It provides an in-depth analysis of the current situation by segmenting the industry by manufacturer, region, type and application. It comprehensively analyzes the future forecast of the industry size in terms of value and volume along with historical data. It also evaluates the macroeconomic and regulatory impacts that illuminate technological advancements and shape industry trends.
Market Growth and Drivers:
Drivers:
Increasing focus on hygiene and convenience in residential and commercial spaces driving the adoption of electric taps.
Technological advancements in sensor and control technologies improving the efficiency and functionality of electric taps.
Restraints:
High installation and maintenance costs may deter consumers from transitioning to electric tap solutions.
Concerns about reliability and power outages impacting the performance and appeal of electric taps in some regions.
Key findings of the report:
Latest Industry News
Key Technology Trends and Developments
Impact of COVID-19 on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Market Trends
Past, Present and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive mapping of the competitive environment
Best Winning Strategy
Market Outlook and Regional Dominance:
Electric Taps Research report provides a complete assessment of the market based on strategic insights into future trends, growth factors, supplier environment, demand environment, year-over-year growth rate, compound annual growth rate (CAGR), price analysis, etc. It also provides various business matrices such as Porter's Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4P Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis, etc., and provides detailed regional analysis of the Electric Taps industry covering major regional markets.
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, other parts of Europe)
Asia Pacific (China, India, Japan, Korea, Australia, and other Asia Pacific regions)
South America (Brazil, Argentina, other South American regions)
Middle East and Africa (UAE, Saudi Arabia, South Africa, and other MEA regions)
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