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SENSOR FAUCET MARKET ANALYSIS

Sensor Faucet Market, by Product Type (Alternating Current Sensor Faucet and Direct Current Sensor Faucet), by Technology (Touch-On and Touch-Off), by Application (Commercial and Residential), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

  • To Be Published : Nov 2024
  • Code : CMI2200
  • Formats :
      Excel and PDF
  • Industry : Smart Technologies

Market Challenges And Opportunities

Global Sensor Faucet Market: Restraints

Prices of sensor faucets is one of the major factors hindering growth of the market. For instance, according to the Coherent Market Insights’ analysis, the price of normal tap is US$ 13.2 per piece, whereas sensor faucets cost around US$ 201.7 per piece. Such high difference in the costs of normal and sensor faucets is expected to adversely affect demand for sensor faucets.

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