Sensor Faucet Market Global Trends, Share, Size, Growth, Opportunity and Forecast 2018-2026

                                                                           
A sensor faucet is a tap or dispenser with a hands-free convenience mechanism that allows users to switch on the water with their gestures or presence.

              Sensor Faucet Market


A sensor faucet is a tap or dispenser with a hands-free convenience mechanism that allows users to switch on the water with their gestures or presence. The user simply needs to put their hand or move close enough to the sensor for it to open and deliver water. Sensor faucets can be found in hotels, businesses, kitchens, medical facilities, and a variety of other private and commercial establishments. These faucets are most commonly found in public restrooms since they are excellent instruments for conserving water and decreasing waste, as well as providing a greater level of hygiene because users are not compelled to place their hand in direct contact with the faucet.

The global Sensor Faucet Market is being driven by rising infrastructure upgrades in the residential and non-residential sectors, as well as rising demand for sensor faucets in smart buildings in both developed and developing countries. The installation of such faucets in public spaces is expected to increase as a result of stringent government policies and laws surrounding water conservation. In addition, expanding urbanisation around the world and rising consumer spending power are two more drivers driving global market expansion.

Market Segmentation:

On the basis of product type:
  • Alternating Current Sensor Faucet
  • Direct Current Sensor Faucet

On the basis of technology:
  • Touch-On
  • Touch-Off

On the basis of application:
  • Commercial
  • Residential

One of the key challenges impeding the market's growth is the cost of sensor faucets. According to Coherent Market Insights' data, a standard faucet costs US$ 13.2 per piece, while sensor faucets cost roughly US$ 201.7 per piece. The large price differential between standard and sensor faucets is expected to stifle demand for sensor faucets.

The global sensor faucet market is highly fragmented due to the presence of several established and regional players. Major players operating in the global sensor faucet market include, LIXIL Group Corporation, Masco Corporation, Moen Incorporated, Jaquar, Kohler Corporation, Oras Limited, Pfister, Gessi S.p.A., Delta Faucet, Inc., and Roca Sanitario, S.A.

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