Thermostatic Mixers Market Analysis and Forecast by Size, Share, Growth, Trends 2031

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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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 Regional Insights

The regional trends and factors influencing the Thermostatic Mixers Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Thermostatic Mixers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Thermostatic Mixers Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Thermostatic Mixers Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Thermostatic Mixers Market are:

1. Hansgrohe SE
2. LIXIL Corp
3. TOTO Ltd.
4. ROCA Group
5. Aquant
6. FIMA CARLO FRATTINI S.P.A.

Disclaimer: The companies listed above are not ranked in any particular order.

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