Global Electric Taps Market – Introduction

  • Electric taps, also known as automatic taps, dispense water once hands are brought near the taps. The sensors inside the electric taps sense the object and the water flows from the tap to wash hands and objects. Electric taps can be used in kitchens, bathrooms, and for cleaning purposes. They make hand washing efficient and easy. Electric taps come with effective hygiene and convenience; electric water taps are becoming highly popular for both private and public use. These taps allow minimal levels of water consumption because they switch off automatically, leading to a cut down of water wastage by up to 70%. Additionally, they adjust water at a consistently regulated temperature all year round.

Electric Taps Ensure Hygiene and Sanitization

  • Electric taps have built-in sensors in their handles. This allows it to detect motion and when an object (a hand) appears in front of the tap, it automatically lets out the water. This removes the need to touch the handle of the tap and hence promotes hygiene and sanitization, especially when multiple people use the same water taps. This ensures safety and hygiene while using electric taps as compared to traditional taps. The taps are also budget oriented and affordable, besides aesthetically pleasing.

Low Maintenance and More Energy Efficient

  • An electric tap does not have a handle and because of this sleek and simple design, automatic faucets/electric taps do not need the same amount of maintenance as regular faucets. Additionally, as electric taps are automatic in nature, there is no physical contact with the faucets, and wet hands do not touch the faucets; therefore, they are easier to maintain and keep clean. Automatic sensors in electric taps regulate water at a consistently regulated temperature all year round, which is very efficient no matter what the climate. Hence, there is very little electricity required to regulate the temperature and leads to energy efficient and sustainable practices.

Asia Pacific to Dominate the Global Electric Taps Market

  • The global electric taps market can be segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • The market in North America and Europe is anticipated to grow at a rapid pace due to high focus on hygiene, rapid commercialization, and need for electric taps in offices, etc., availability of metal as well as plastic electric taps, and increase in demand for aesthetically pleasing houses in countries such as the U.S., Canada, Mexico, Germany, and France, which is projected to surge the sales of electric taps in the near future.
  • Asia Pacific accounted for major share of the global electric taps market in 2020. The market in Asia Pacific is expected to expand at a significant growth rate during the forecast period due to urbanization, busy lifestyles, shrinking living spaces, and demand to lead a smarter life at an economical cost in China, India, Japan, and other countries in Southeast Asia, which is projected to surge the demand for electric taps in the region.

Key Players Operating in the Global Electric Taps Market

Major players operating in the global electric taps market are likely to face intense competition during the forecast period. Prominent companies such as Havells India Ltd., Cera Sanitaryware Limited, Jaquar, and Kohler Co. are focusing on producing electric taps which save water and electricity, and have variety in design and functionality.

Key players operating in the global electric taps market include:

  • Havells India Ltd.
  • Cera Sanitaryware Limited
  • Jaquar
  • Kohler Co.
  • Sloan Valve Company
  • LIXIL Group Corporation
  • Masco Corporation (Delta Faucet Company)
  • TOTO Ltd.
  • Lorenzetti S.A
  • Nexoms

Electric Taps Market – Research Scope

Electric Taps Market, by Product Type

  • Counter-top
  • Wall-mounted

Electric Taps Market, by Type

  • Mixed Taps
  • Single Taps

Electric Taps Market, by Material

  • Plastic
  • Stainless Steel
  • Aluminum
  • Others (Alloy, etc.)

Electric Taps Market, by Price Range

  • Low
  • Medium
  • High

Electric Taps Market, by End-use

  • Residential
  • Commercial
    • Hotels & Restaurants
    • Hospitals
    • Educational Centers
    • Offices
    • Shopping Malls
    • Others (Public Toilets)

Electric Taps Market, by Distribution Channel

  • Online
    • Company-owned Website
    • E-commerce Websites
  • Offline
    • Specialty Stores
    • Hypermarket/Supermarket
    • Others (Independent Retail Stores, etc.)

Electric Taps Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electric Taps Market