The Global Smart Bathroom Market is projected to reach a value of over USD 17.12 billion by 2027 at a CAGR of around 11.6%.
Smart bathroom consists of various hardware components, software, and services. With the technological advancements, the smart bathroom components have witnessed a significant evolution in the last few years. Rising need for energy conservation and increasing aging population will drive the market in urban areas. Construction companies are heavily investing on the development of smart building to combat the stress on infrastructure.
Market Driver:
Source: Healthaffairs.Org
The populations of many regions are rapidly growing older. The process of population aging is a major success story, which began unfolding only at the end of the twentieth century. Asia has the greatest number of elderly persons: 217 million. China alone has 87 million persons (6.8 percent of its population) age sixty-five and older; this will increase to 167 million (11.5 percent) by 2020. India's elderly will increase from 51 million (5.0 percent) to 93 million (7.3 percent) by 2020. Hence, for safety and security of aged person, various global players are focusing on developing contactless, and software-based smart bathroom products. Hence, increasing aged population will drive the market during forecast period.
Market Opportunity:
The Internet of Things (IoT) has already fundamentally changed the way we live. The IoT will highly use for smart showers, water saving sense technology, and smart mirrors. With the help of IoT, smart showers will be able to automatically set the temperature, power, and duration of the shower as per consumer preference. IoT technology will also to detect user presence and thus avoid wasting any water which isn’t used for washing. Hence, it will create more opportunities for the smart bathroom market.
The report on the smart bathroom market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Component, Connectivity, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Smart Bathroom Market, by Component
Smart Bathroom Market, by Connectivity
Smart Bathroom Market, by Application
Smart Bathroom Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMART BATHROOM MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY