Market Overview:
The global smart kitchen faucet market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart home appliances and the rising awareness about their benefits among consumers. In addition, the growing trend of internet of things (IoT) is also contributing to the growth of this market. The global smart kitchen faucet market can be segmented on the basis of type into touch and contactless. The touch type segment is expected to hold a larger share in terms of revenue in 2018, owing to its high adoption rate among consumers across different regions. However, with advancements being made in contactless technology, this segment is projected to witness higher growth rates during the forecast period from 2018-2030. On the basis of application, residential applications are expected dominate this market throughoutthe forecast period followed by commercial applications .However ,other application such as industrial and healthcare are also projectedto witness significantgrowth overthe next few years owing tobetheir increasing demandfrom various end users .
Product Definition:
A Smart Kitchen Faucet is a faucet that has features such as hands-free activation, motion detection and automatic water shut-off. These features make the faucet easier and more convenient to use. The importance of a Smart Kitchen Faucet is that it makes tasks such as washing dishes or filling up a pot with water easier and faster.
Touch:
Touch is an advanced technology that has been evolving with time. It has become a part of our daily lives and plays a crucial role in the way we use products around us. The introduction of smart touch faucets have made using water much easier and convenient as they work on batteries or can be connected to the home Wi-Fi, which makes it easy to control from any place in the house.
Contactless:
The global smart kitchen faucet market is expected to witness significant growth over the forecast period. The growing demand for touch-free technology in daily routine activities, such as washing hands or brushing teeth, has led to an increase in the adoption of contactless faucets. These products are equipped with sensors and are capable of performing actions on detecting touch.
These products work without any physical connection between water source.
Application Insights:
The residential application segment accounted for the largest share of over 70% in 2017. The growth is attributed to the rising demand from urban population, especially in developing countries like China and India. With a rise in disposable income, people are spending more on their homes which also include smart kitchen faucets as an essential product.
The commercial application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing demand for premium products with advanced features by restaurants and hotels at affordable prices. These products help save water by using less water while washing dishes or glasses and it can be controlled remotely which attracts customers towards these smart kitchen faucets over others with similar functionalities as they offer enhanced features at comparatively lower costs than other brands or models do.
Others applications include healthcare, industrial.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to increasing demand for smart kitchen faucets from residential consumers. In addition, rising number of smart home projects and growing adoption of IoT technology are also contributing towards regional growth.
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period owing to increasing awareness regarding advanced technologies such as voice control and Bluetooth connectivity among consumers. Moreover, rising penetration of smartphones coupled with high internet usage rates will drive product sales in this region significantly over the next few years making it a lucrative opportunity for manufacturers operating in this space. Additionally, improving infrastructure facilities across emerging countries such as India and China are further expected to boost industry expansion at a significant pace during 2018 - 2030 timeframe.
Growth Factors:
- Increasing demand for smart kitchen appliances in the global market.
- Rising disposable income of consumers, which is encouraging them to invest in technologically advanced products.
- Proliferation of internet-of-things (IoT) and connected devices, which is aiding the growth of the smart kitchen faucet market.
- Growing awareness about the benefits offered by these faucets among consumers across different regions worldwide 5 Emerging economies such as China and India are expected to offer lucrative opportunities for players operating in this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Kitchen Faucet Market Research Report
By Type
Touch, Contactless
By Application
Residential, Commercial, Others
By Companies
Moen Incorporated, Kohler Co, Masco Corporation, Hansa Metallwerke, Grohe, BLANCO, Dornbracht, Oras Oy, TOTO, Villeroy＆Boch, Moen Incorporated
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Smart Kitchen Faucet Market Report Segments:
The global Smart Kitchen Faucet market is segmented on the basis of:
Types
Touch, Contactless
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Moen Incorporated
- Kohler Co
- Masco Corporation
- Hansa Metallwerke
- Grohe
- BLANCO
- Dornbracht
- Oras Oy
- TOTO
- Villeroy＆Boch
- Moen Incorporated
Highlights of The Smart Kitchen Faucet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Touch
- Contactless
- By Application:
- Residential
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Kitchen Faucet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Kitchen Faucet is a kitchen faucet that can be controlled with an app or a voice command. This type of faucet can be used to turn on and off, adjust the water temperature, and more.
Some of the major players in the smart kitchen faucet market are Moen Incorporated, Kohler Co, Masco Corporation, Hansa Metallwerke, Grohe, BLANCO, Dornbracht, Oras Oy, TOTO, Villeroy＆Boch, Moen Incorporated.
The smart kitchen faucet market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Kitchen Faucet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Kitchen Faucet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Kitchen Faucet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Kitchen Faucet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Kitchen Faucet Market Size & Forecast, 2018-2028
4.5.1 Smart Kitchen Faucet Market Size and Y-o-Y Growth
4.5.2 Smart Kitchen Faucet Market Absolute $ Opportunity
Chapter 5 Global Smart Kitchen Faucet Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Kitchen Faucet Market Size Forecast by Type
5.2.1 Touch
5.2.2 Contactless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Kitchen Faucet Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Kitchen Faucet Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Kitchen Faucet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Kitchen Faucet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Kitchen Faucet Analysis and Forecast
9.1 Introduction
9.2 North America Smart Kitchen Faucet Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Kitchen Faucet Market Size Forecast by Type
9.6.1 Touch
9.6.2 Contactless
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Kitchen Faucet Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Kitchen Faucet Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Kitchen Faucet Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Kitchen Faucet Market Size Forecast by Type
10.6.1 Touch
10.6.2 Contactless
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Kitchen Faucet Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Kitchen Faucet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Kitchen Faucet Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Kitchen Faucet Market Size Forecast by Type
11.6.1 Touch
11.6.2 Contactless
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Kitchen Faucet Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Kitchen Faucet Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Kitchen Faucet Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Kitchen Faucet Market Size Forecast by Type
12.6.1 Touch
12.6.2 Contactless
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Kitchen Faucet Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Kitchen Faucet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Kitchen Faucet Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Kitchen Faucet Market Size Forecast by Type
13.6.1 Touch
13.6.2 Contactless
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Kitchen Faucet Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Kitchen Faucet Market: Competitive Dashboard
14.2 Global Smart Kitchen Faucet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Moen Incorporated
14.3.2 Kohler Co
14.3.3 Masco Corporation
14.3.4 Hansa Metallwerke
14.3.5 Grohe
14.3.6 BLANCO
14.3.7 Dornbracht
14.3.8 Oras Oy
14.3.9 TOTO
14.3.10 Villeroy＆Boch
14.3.11 Moen Incorporated
