SENSOR FAUCET MARKET ANALYSIS

Sensor Faucet MarketSize and Trends

Sensor Faucet is a faucet laced with a proximity sensor and mechanism that enables its valve to open and close in response to the presence of a hand or hands in close proximity. Sensor faucet is used in public washrooms, airports, hotels, and other places. The proximity sensor in the faucet allows water to flow after detecting the presence of hand near the faucet.

Increasing construction of smart buildings worldwide is one of the major factors driving growth of the market

Increasing construction of smart buildings worldwide is one of the major factors driving growth of the sensor faucet market. For instance, according to the Coherent Market Insights’ analysis, the number of smart buildings constructed in 2016 was 5.4 million units and is expected to increase to 107.3 million units by 2021, worldwide. Therefore, increasing construction of smart buildings is expected to propel installation of real- time system that facilitate remote or automatic functioning of systems.

Furthermore, sensor faucet offers several advantages over manual taps, owing to their water saving and energy efficient ability. Sensor faucets maintain constant temperature of water, which eliminates the need for increasing flow of electricity for changing water temperature. Therefore, these benefits are expected to increase demand for sensor faucet in smart buildings, thereby propelling growth of the market over the forecast period.

Moreover, stringent government regulations and policies regarding water conservation are expected to further increase installation of sensor faucets in public washrooms, airport, railways, hotels, and other places. For instance, according to the Water Conservation Act, passed in 2009, the U.S. government plans to reduce water consumption by 20% by 2020. The key purpose of the law is to encourage both urban and agricultural water providers to implement conservation strategies, monitor water usage, and report data to the Department of Water Resources (DWR) Therefore, all these factors contribute in growth of the market.