The Electric Taps Market has witnessed significant growth and innovation in recent years, driven by the increasing demand for energy-efficient and convenient solutions in the plumbing industry. Electric taps, also known as instant water heaters or electric faucets, have gained popularity due to their ability to provide hot water on demand without the need for a separate water heating system.
The global electric taps market size was valued at $310.0 million in 2019, and is expected to reach $631.0 million by 2027, registering a CAGR of 12.0% from 2020 to 2027
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Top Companies:
Jaquar, Taizhou Hengyida Plastic Plumbing Factory (Zhenhao), TOTO Ltd., Masco Corporation (Delta Faucet Company), Kohler Co., LIXIL Group Corporation, Xiaomi Corporation, Wenzhou Bomei Sanitary Ware Co., Ltd., Fortune Brands Home & Security, Inc. (Moen), Cera Sanitaryware Limited.
Innovations in technology have further contributed to the market’s expansion, with the integration of smart features and connectivity options. Manufacturers are incorporating IoT capabilities, allowing users to control and monitor the tap’s temperature and usage through smartphone apps. This connectivity also enables efficient maintenance and fault detection, enhancing the overall user experience.
The Electric Taps market has benefited from the growing adoption of automation and smart homes. These taps can be integrated into home automation systems, providing seamless control and coordination with other smart devices. The integration of voice commands and AI-driven functionalities has further enhanced the appeal of electric taps among tech-savvy consumers.
With built-in flow sensors, electric taps minimize water wastage by automatically shutting off when not in use. Additionally, advanced models provide adjustable flow rates to further conserve water without compromising functionality.
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The electric taps market is witnessing steady growth driven by energy-efficiency, convenience, and technological advancements. As consumer preferences continue to shift towards sustainable and intelligent solutions, electric taps are poised to play a pivotal role in shaping the future of the plumbing industry.
The Electric taps are expected to integrate with smart home systems, enabling remote control and customization through mobile apps or voice commands. Manufacturers are focusing on developing electric taps with robust materials, ensuring longevity and resistance to wear and tear. The market is witnessing a growing demand for electric taps made from eco-friendly materials and equipped with water-saving features to address environmental concerns. Future electric taps are likely to offer a wide range of designs, finishes, and customizable options to match diverse consumer preferences and interior styles
Regional Analysis:
Region-wise, the global Electric Taps Market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global Electric Taps Market share, and LAMEA is anticipated to secure a leading position during the forecast period.
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