Electric taps uses electricity and operates on the basis of sensors and heating coils. The electric taps market is driven primarily due to the growing popularity of smart bathrooms and kitchens. The electric taps is highly competitive and is dominated by some of the major companies operating in the market. The growth of electric taps market was hampered by the halt in construction activities due to partial or complete lockdowns to contain the spread of COVID-19.
MARKET DYNAMICS
The growing popularity of touchless taps, water saving capability of electric taps, and the growing adoption of smart bathroom solutions are the major factors supporting the growth of the electric taps market. However, high costs of these products might hinder the growth of the electric taps market. North America holds a significant market share owing to the rapid adoption of new technologies and high disposable incomes of the people in the region.
MARKET SCOPE
The "Global Electric Taps Market Analysis to 2028" is a specialized and in-depth study of the electric taps market with a special focus on the global market trend analysis. The report aims to provide an overview of electric taps market with detailed market segmentation by type, application, and geography. The global electric taps market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric taps market players and offers key trends and opportunities in the electric taps market.
MARKET SEGMENTATION
The global electric taps market is segmented on the basis of type, mounting type, and application. Based on type, the market is segmented as touchless taps and instant heating taps. On the basis of mounting type, the market is segmented as wall-mounted and deck-mounted. On the basis of application the market segmented as residential and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric taps market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric taps market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric taps market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the electric taps market in these regions.
MARKET PLAYERS
The reports cover key developments in the electric taps market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric taps market are anticipated to lucrative growth opportunities in the future with the rising demand for electric taps market. Below mentioned is the list of few companies engaged in the electric taps market.
The report also includes the profiles of key electric taps market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Havells India Ltd.
Jaquar
Cera Sanitaryware Limited
Lorenzetti
Dolphy India Private Limited
RT Large
Topline
Kohler Co.
Altima Hi Tech Private Limited
Nexoms
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.