High Efficiency Faucets: Introduction
A high efficiency faucet is used to save water in the course of daily usage.
Environmental Protection Agency estimates that a residential apartment can save an average of 700 gallons of water per year by replacing inefficient faucets and aerators with WaterSense labeled models.
Key Drivers of the Global High Efficiency Faucets Market
Growing consumer awareness about the need to use water saving products is driving the market growth. Moreover rising demand for plumbing fixtures in modern kitchen bathrooms at the global level is expected to drive the demand for high efficiency faucets in the coming years.
Rising investment by the urban population on bathroom furniture with aesthetic looks and high efficiency is expected to significantly boost the product demand.
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Real estate companies are investing in ecofriendly homes and offices by analyzing market demand. These residential and commercial complexes are equipped with ecofriendly products including high efficiency faucets. This factor is expected to create a new avenue for the growth of the market.
High Product Cost to Hamper the Global High Efficiency Faucets Market
Large percentage of middle class population prefer to install mid budget bathroom products. Normal faucets are available at a lower price in the market which may hamper the market growth globally.
Asia Pacific Expected to Experience Higher Growth in the Global High Efficiency Faucets Market
Asia Pacific is expected to be the fastest growing high efficiency faucets market in the coming years. Governments of different countries in the region are promoting water saving activities among consumers which is encouraging them to use high efficiency faucets. Furthermore, companies from different regions are investing in Asia Pacific by understanding the market opportunity. Ease of government policies related to foreign investment in developing countries such as India, China, Sri Lanka, and Bangladesh is significantly affecting product demand.
North America is expected to hold dominant share in the high efficiency faucets market. High consumer awareness about the importance of water saving on a daily basis is driving product demand. Above 40% of American households have more than one toilet and this trend is expected to have a positive impact on the high efficiency faucets market.
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The global high efficiency faucets market is slightly fragmented in nature. Companies are promoting their products through the offline and online medium to increase their product visibility among consumers. Moreover, high efficiency faucet companies are investing in infrastructural improvement to compete in this competitive market. Some of the key strategies adopted by manufacturers to improve their market reach are merger & acquisition and partnership with global companies. A few of the key players operating in the global high efficiency faucets market are listed below:
WaterSense
ALTERED Company
Jaquar
Moen Incorporated
Delta Faucets & Fixtures
KOHLER
GROHE
Pfister Bathroom & Kitchen Fixtures
Fisher Manufacturing
Elkay Manufacturing Company
Global High Efficiency Faucets Market: Research Scope Global High Efficiency Faucets Market, by Product
Pull-down Faucet
Pull-out Faucet
Single-handle Faucet
Double-handle faucet
Hands-free Faucet
Delta Kitchen Faucets
Others
Global High Efficiency Faucets Market, by Application
Residential
Industrial
Commercial o
Corporate Office
o
Government Office
o
Hospitality Industry
o
Educational Institute
Global High Efficiency Faucets Market, by Distribution Channel
Offline
Online o
Company Owned Website
o
Third Party Website
Global High Efficiency Faucets Market, by Region
North America o
U.S.
o
Canada
Europe o
Germany
o
France
o
U.K.
o
Rest of Europe
Asia Pacific o
China
o
Japan
o
India
o
Rest of Asia Pacific
Middle East & Africa o
GCC
o
South Africa
o
Rest of Middle East & Africa
South America o
Brazil
o
Rest of South America
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