Global Smart Faucets Market Size & Outlook, 2022-2030
Global smart faucets market, 2018-2030 (US$M)
Related Markets
Global smart faucets market highlights
- The global smart faucets market generated a revenue of USD 1,762.8 million in 2022 and is expected to reach USD 4,704.5 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 13.1% by 2030.
- In terms of segment, offline accounted for a revenue of USD 1,292.6 million in 2022.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,762.8 million |
| Market revenue in 2030 | USD 4,704.5 million |
| Growth rate | 13.1% (CAGR from 2022 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Offline, Online |
Other key industry trends
- In terms of revenue, the North America accounted for 39.4% of the global smart faucets market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 11.1 million by 2030.
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Smart Faucets Market Scope
Smart Faucets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global smart faucets market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart faucets market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 73.33% in 2022. Horizon Databook has segmented the Global smart faucets market based on offline, online covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Smart Faucets Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Offline
- Online
- Global Smart Faucets Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Hotels & Restaurants
- Gyms
- Spa & Wellness Centers
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global smart faucets market , including forecasts for subscribers. This global databook contains high-level insights into Global smart faucets market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global smart faucets market size, by regions, 2018-2030 (US$M)
Top 10 countries: Smart faucets market size, 2022 (US$M)
Global smart faucets market share, by distribution channel, 2022 & 2030 (%, US$M)
Smart faucets market: Opportunity assessment by country
Global smart faucets market, by region, 2022 (US$M)
| Distribution Chann... | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 498.5 | 553.8 | 517.0 | 627.1 | 695.3 | 773.2 | 862.7 | 966.2 | 1,086.5 | 1,227.2 | 1,393.0 | 1,590.3 | 1,827.4 | 12.8% |
| Europe | 295.0 | 326.5 | 303.7 | 367.0 | 405.3 | 448.9 | 499.0 | 556.7 | 623.5 | 701.5 | 793.0 | 901.6 | 1,031.8 | 12.4% |
| Asia Pacific | 424.8 | 476.4 | 448.9 | 549.6 | 614.9 | 690.0 | 777.0 | 878.1 | 996.3 | 1,135.4 | 1,300.3 | 1,497.5 | 1,736.0 | 13.9% |
| Latin America | 12.5 | 13.6 | 12.5 | 14.9 | 16.2 | 17.6 | 19.3 | 21.2 | 23.3 | 25.8 | 28.6 | 31.9 | 35.9 | 10.5% |
| MEA | 23.4 | 25.7 | 23.7 | 28.4 | 31.1 | 34.2 | 37.6 | 41.6 | 46.2 | 51.4 | 57.6 | 64.8 | 73.4 | 11.3% |
| Overall | 1,254.2 | 1,396.0 | 1,305.7 | 1,586.9 | 1,762.8 | 1,963.9 | 2,195.6 | 2,463.8 | 2,775.8 | 3,141.3 | 3,572.5 | 4,086.2 | 4,704.5 | 13.1% |
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