Touchless faucets segment of smart bathroom market holds the largest market share of more than 24 percent in the global market, says an Infiniti Research Limited 2016 report that analyzes advanced technologies aimed at energy conservation and maintaining hygiene; in the US smart bathrooms are gaining popularity to counter rising energy costs. In Germany, the government has introduced the concept of the smart bathroom in the construction market to control and reduce high energy costs. However, Japan is confronted by a serious challenge the gap in the supply of and demand for energy. To narrow this gap, the Japanese government has started focusing on the development of smart bathrooms in public infrastructure and buildings.
The analysts forecast global smart bathroom market to grow at a CAGR of 10.43 percent during the period 2016-2020. According to the smart bathroom market report, construction companies worldwide are focusing on the development of smart buildings with features like smart bathrooms to promote sustainable development and efficient energy management. Smart bathrooms offer optimally integrated solutions such as smart toilets, automatic flush systems, and automatic faucets. As a result, the demand for smart bathrooms, especially in urban areas, is increasing significantly. The analysts highlight the three factors that are contributing to the growth of the global smart bathroom market. Smart cities employ multiple technologies to form an interconnected system of buildings and the power grid. Energy consumption is regulated at each stage of a building’s life cycle with the ICT-based monitoring, feedback, and optimization tools. According to the UN estimates, 53 percent of the world’s population resides in urban areas as of 2015. The proportion is likely to increase to 58 percent by 2019. Urbanization directly affects the construction market. Growth in urban population leads to issues like air pollution, space congestion, resource depletion, and power crisis. There has been a substantial rise in the number of air and rail passengers globally during 2011-2015, and it is expected to increase further during the forecast period. Airlines have increased the number of flights to meet the growing demand. The UAE-based Emirates, the largest airline in the Middle East region, flew more than 90 million people, including international passengers in 2015.
“…construction companies worldwide are focusing on the development of smart buildings with features like smart bathrooms to promote sustainable development”
The following companies are the key players in the Global Smart Bathroom Market: Grohe, Jaquar, Kohler, and Toto. Other prominent vendors in the market are: Duratex, Eczacibasi (Vitra), Meon, Pfister, Roca Sanitario, and Sloan Valve. Further, the smart bathroom market report states that the cost of setting up smart bathrooms or replacing existing bathroom fixtures with smart bathroom fittings is substantial, especially for homeowners and small- and medium-sized enterprises (SMEs), mainly due to their financial constraints.
Infiniti Research Limited