Pune, India -- (SBWIRE) -- 02/22/2018 -- Market Highlights
Global Smart Bathroom Market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The market is primarily driven due to rapid growth in the construction industry with high demand for luxurious features as one of the primary growth factors.

The smart bathroom market is driven by the wide adoption of smart bathroom products in urban areas. As per the UN, approximately 54% of the global population resides in urban areas. This percentage is expected to increase up to 66% by 2050. To combat the increasing stress on infrastructure and utilities, construction companies are investing on the development of smart buildings with features such as smart bathrooms to promote sustainable development and efficient energy management. Smart bathrooms optimally enclose various integrated solutions such as smart toilets, automatic flush systems, and automatic faucets. These systems help conserve water and energy.

The Global Smart Bathroom Market is expected to grow at ~ 7% CAGR during the forecast period.

Market Research Analysis
Residential sector, expected to grow at the highest CAGR
Residential sector will dominate the smart bathroom market. The significant rise in global population, with the development of multibillion dollar luxury and semi-luxury sanitary equipment manufacturing industry, will be the major driver for the growth of residential segment of the market. Also, the growing urbanization with growth in the construction industry and high demand for luxurious smart bathroom, as one of the primary growth factors for residential sector, will lead the smart bathroom market during the forecast period.

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Key Players
The key players of global smart bathroom market are
- Bradley Corporation (U.S),
- Grohe AG (Germany),
- Little Giant (U.S),
- Kohler Co. (U.S),
- Moen, Inc. (U.S),
- Delta Faucet Company (U.S),
- Toto Ltd. (Japan),
- Gerber Plumbing Fixtures LLC (U.S),
- Roca Sanitario, S.A. (Spain),
- American Standard Brands (U.S)
- Sterling Faucet Co. (U.S).

Global Smart Bathroom Market
The global smart bathroom market is expected to witness a phenomenal growth during the forecast period. This is due to the considerable growth in the construction industry with population boom along with declining interest rates, which has propelled the housing market in various regions. The growth is primarily attributed to rising incomes from the economic growth, which is likely to continue during the forecast years. Increasing demand for luxurious features, is driving the demand for smart bathroom market, globally. The Asia Pacific region is currently the leading region in global smart bathroom market, and is followed by Europe and North-America.

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Global smart bathroom market has been segmented based on product types, end-use and regions. On the basis of product types, the market has been segmented as smart windows, hand dryers, touchless cisterns, touchless soap dispensers, smart toilets, touchless faucets, and others. Touchless faucets is expected to dominate the market due to its growing application in both, commercial and residential sector. Based on the end-use the market has been segmented as residential and commercial. The residential sector is expected to hold a major market share during the forecast period, due to the increasing population and growth in disposable income.

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