Thermostatic Mixers Market is expected to reach US$ 5.79 Billion by 2031

Launch of Technologically Advanced and Premium Thermostatic Mixers to Fuel Thermostatic Mixers Market Growth During Forecast Period

According to our latest study on "Thermostatic Mixers Market Analysis and Forecast to 2031 – by Mounting Type, Application, and Design Type," the market was valued at US$ 4.01 billion in 2023 and is expected to reach US$ 5.79 billion by 2031; it is anticipated to record a CAGR of 4.7% from 2023 to 2031. Apart from growth drivers, the report covers the thermostatic mixers market trends and their foreseeable impact during the forecast period.

The rising concern about water wastage and high energy usage is propelling the demand for thermostatic mixers in the commercial and residential sectors. Abrupt water temperature fluctuations are a common cause of injury in the bathroom and a key concern for kindergartens, schools, and households with small children and older adults. Thermostats with a proper temperature lock function ensure additional safety and prevent accidents caused by hot water, which, in turn, boosts their demand. Moreover, the introduction of technologically advanced thermostatic mixers, such as hybrid thermostatic mixers and high-end sensor-equipped thermostatic mixers; the proliferation of luxury products; and the emphasis on home renovation are a few factors contributing to the thermostatic mixers market growth.

Thermostatic Mixers Market Share - by Region, 2023

Source: The Insight Partners Analysis

The thermostatic mixers market is segmented on the basis of mounting type, application, and design type. Based on mounting type, the thermostatic mixers market is divided into deck mount and wall mount. In terms of application, the market is bifurcated into residential and commercial. Based on design type, the thermostatic mixers market is divided into concealed and exposed.

The scope of the thermostatic mixers market report focuses on North America (US, Canada, and Mexico), Europe (Spain, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South America (Brazil, Argentina, and Rest of South America). In terms of revenue, Europe dominated the thermostatic mixers market share in 2023.

According to the European construction industry-Euroconstruct-the construction industry is expected to experience sluggish growth in the next few years. The organization (Euroconstruct) published the following growth rate figures for the construction industry in Europe. In 2020, 2021, 2022 and 2023, the industry recorded a rate of -4.5%, 5.3%, 2.7% and -1.7%, respectively and is expected to decline to -2.1% in 2024. The performance of this industry can impact the demand for thermostatic mixers across the region. Also, the thermostatic mixers market size is likely to surge by 2030 owing to the impact of uneven weather conditions across the region.

The Asia Pacific thermostatic mixers market is segmented into Australia, India, China, Japan, South Korea, and the Rest of Asia Pacific. Among these countries, India is expected to provide ample growth opportunities for the thermostatic mixers market during the forecast period. This is owing to a surge in construction activities and a rise in the adoption of thermostatic mixers in residential and commercial buildings across the country. Additionally, the growing popularity of smart devices to improve the quality and safety of buildings has led to increased demand for smart devices, such as thermostatic mixer showers, in residential and commercial sectors in Asia Pacific.

The Middle East & Africa thermostatic mixers market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The Middle East is characterized by high standards of living and extravagant construction infrastructure in its rapidly growing urban centers. The strong adoption of thermostatic mixers in residential and commercial buildings is among the factors contributing to the growing thermostatic mixers market size in the Middle East & Africa. The rise in investment toward residential and commercial buildings in South Africa is expected to fuel the demand for thermostatic mixers, which is anticipated to fuel the growth of the market in Africa during the forecast period.

The increasing need for sustainable infrastructure, smart and energy-efficient products, and the promotion of environmental sustainability by various governments in the Middle East have led to a huge demand for sustainable and healthy building construction practices. These practices include the use of water and energy-conservative thermostatic mixers. As the region experiences high temperatures and a hot climate, the market in the region is witnessing a shift toward the use of smart products to control the water temperature. It regulates the flow of water for water conservation, which drives the demand for thermostatic mixers.

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 among the key players profiled in the thermostatic mixers market report. Companies in the thermostatic mixers market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.

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