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The thermostatic mixers market size is projected to reach US$ 5.79 billion by 2031 from US$ 4.01 billion in 2023. The market is expected to register a CAGR of 4.7% during 2023–2031. The growing popularity of luxury products and home renovation projects is likely to remain among the key trends in the market.
Thermostatic Mixers Market Analysis
In smart bathrooms of various residential and commercial settings, consumers prefer products from luxury brands of products. This is expected to raise the demand for thermostatic mixers to regulate temperature and water flow from showers and taps precisely. In addition, many consumers are looking for brands that offer thermostatic mixers for showers with rainfall or waterfall-like designs. A few examples of advanced thermostatic mixer shower systems include SH-42202 thermostatic bathroom shower mixer by LEELONGS, BubbleSpa Exposed Mixer Shower System by Kelda Showers Limited, and Mira Opti-floPro by Kohler Mira Ltd, among others. Moreover, spending on home improvement or renovation projects in the US increased from US$ 363 billion in 2020 to US$ 472 billion in 2022. It is also expected that consumer spending on home improvements, renovations, and repairs is anticipated to reach US$ 485 billion by the end of 2024, as per the study by the Joint Center for Housing Centers of Harvard University (JCHS). Thus, the growing popularity of luxury products and home renovation projects is expected to be the key trend in the thermostatic mixers market from 2023 to 2031.
Thermostatic Mixers Market Overview
Increasing investments in the construction sector and rising residential and commercial infrastructure are boosting the thermostatic mixers market growth. The growing proliferation of thermostatic mixers in hotels, resorts, spa centers, hospitals, and care centers bolsters the growth of the thermostatic mixers market globally. The incorporation of smart technology in sanitaryware and bathroom fixtures, growing consumer preference for premium products, and social lifestyle are boosting the application of thermostatic mixers. The thermostatic mixers market is witnessing a period of strong growth and development across various nations, such as the UK, Germany, France, the US, and Canada, owing to increasing consumer inclination toward advanced bathware products.
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Thermostatic Mixers Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Thermostatic Mixers Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Thermostatic Mixers Market Drivers and Opportunities
Growing Focus on Water and Energy Conservation
Water and energy are increasingly used in showers and other essential applications in the residential and commercial sectors worldwide. As per the US Environmental Protection Agency (EPA), the average shower lasts approximately 8–10 minutes, with a water flow of 2.1 gallons per minute on average. In the US, the average consumption of water accounted for more than 1 trillion gallons each year for showering. As per the data from the Alliance for Water Efficiency, showers accounted for 19% of the total water consumption in residential water applications. The wastage of water from showering, owing to the optimal temperature requirement by individuals has resulted in an increasing need for a thermostatic mixer for the regulation of water temperature and flow control precisely.
The awareness about water and energy conservation is growing owing to the future need for water as well as limited clean water availability across the globe. The rise in government initiatives toward the use of water-efficient and water-conservation products is fueling the demand for thermostatic mixers. For example, WaterSense, a voluntary partnership program by the US EPA, aimed at helping consumers save water through water-efficient products by recognizing WaterSense labels. The WaterSense labeled products are certified to utilize ~20% less water and conserve energy, as well as offer enhanced performance compared to the regular products. Thus, the growing focus on water and energy conservation drives the thermostatic mixer market.
Launch of Technologically Advanced and Premium Thermostatic Mixers
In the ever-evolving landscape of bathroom faucets, thermostatic mixers are becoming increasingly popular due to their precision in maintaining water temperature, energy efficiency, and improved safety features. Thermostatic mixer manufacturers are engaged in the development of advanced thermostatic shower mixers to further strengthen their product portfolio and maintain the company’s position in the market worldwide. For instance, in April 2024, Jaquar Group innovated and launched a hybrid touch thermostatic mixer shower—Jaquar Qloud. This new product offers precise water temperature regulation, water flow, and shower mode selection integrated with analog and digital control systems. In addition, in February 2022, Gainsborough Showers launched a new range of mixer showers, including three premium models integrated with thermostatic temperature control Cool Touch technology for safety in showering applications. Thus, the launch of hybrid touch and premium thermostatic mixers is expected to create lucrative opportunities for the key companies operating in the thermostatic mixer market from 2023 to 2031.
Thermostatic Mixers Market Report Segmentation Analysis
Key segments that contributed to the derivation of the thermostatic mixers market analysis are mounting type, application, and design type.
- Based on mounting type, the global thermostatic mixers market is divided into deck mount and wall mount. The wall mount segment held a larger market share in 2023.
- Based on application, the market is bifurcated into residential and commercial. The commercial segment held a larger share of the market in 2023.
- Based on design type, the market is divided into concealed and exposed. The concealed segment held a larger share of the market in 2023.
Thermostatic Mixers Market Share Analysis by Geography
The geographic scope of the thermostatic mixers market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America.
In 2023, Europe accounted for the largest share of the global thermostatic mixers market. The thermostatic mixers market in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The strong acceptance of thermostatic mixers in bathing and washing applications in the commercial and residential sectors is driving the thermostatic mixers market in Europe. The western part of Europe is characterized by a higher standard of living and a high GDP. Owing to these factors, the housing construction market in France, the UK, and other Western European countries and Central & Southern European countries is expected to grow in the coming years. Therefore, the high per capita income of the residents and the proliferating construction industry in the region support the expansion of the thermostatic mixers market in Europe.
Thermostatic Mixers Market Report Scope
Thermostatic Mixers Market News and Recent Developments
The thermostatic mixers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the thermostatic mixers market are listed below:
- Roca Group and Plug and Play collaborated to innovate in the bathroom ecosystem. (Source: Roca Group, Press Release, 2024)
- Kohler completed the acquisition of KLAFS, which encouraged innovation and design leadership of the luxury & wellness portfolio. (Source: Kohler, Press Release, 2021)
Thermostatic Mixers Market Report Coverage and Deliverables
The “Thermostatic Mixers Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Thermostatic mixers market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Thermostatic mixers market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Thermostatic mixers market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the thermostatic mixers market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The thermostatic mixers market is likely to register of 4.7% during 2023-2031.
The estimated value of the thermostatic mixers market by 2031 would be around US$ 5.79 billion.
Hansgrohe SE, LIXIL Corp, TOTO Ltd., ROCA Group, Aquant, FIMA CARLO FRATTINI S.P.A., Geberit AG, Hindware Home Innovation Ltd., Jaquar Group, and Kohler Co are some of the key players profiled under the report.
Growing popularity of luxury products and home renovation projects is one of the major trends of the market.
Growing focus on water and energy conservation and rising importance of temperature control for safety concerns are some of the factors driving the growth for thermostatic mixers market.
Europe region dominated the thermostatic mixers market in 2023.
The List of Companies - Thermostatic Mixers Market
- Hansgrohe SE
- LIXIL Corp
- TOTO Ltd
- ROCA Group
- Aquant
- FIMA CARLO FRATTINI S.P.A.
- Geberit AG
- Hindware Home Innovation Ltd
- Jaquar Group
- Kohler Co
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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