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The Europe Thermostatic Faucet Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
A house comprises various sections, among which bathroom is one of the essential parts of the house under which shower finds its importance as a most essential faucet. Many times, while bathing people experience fluctuation in temperature and pressure of water in the flush of the toilet, kitchen tap, etc. The supreme solution to deal with this problem is the adoption of anti-scald devices and thermostatic mixing valves.
The thermostatic faucets have different features, work, and principles comparing to the normal faucet, also they both differ in prices as thermostatic faucets are usually expensive than conventional faucets. The pressure of water starts fluctuating when there is the flow of water from another faucet in the kitchen or bathroom that can cause an abrupt flow of freezing or boiling water. To get over this problem, a thermostatic faucet assists in normalizing water pressure and will maintain the constant temperature. These devices blend cold and hot water at the predetermined temperature and immediately give a response when the predetermined temperature is changed.
Some nations in this region are developed whereas some nations are developing, therefore it is expected that the demand for thermostatic faucets will witness rapid growth in the market. In addition, the disposable income of the people residing in this region is high. Also, there is an increase in manufacturing and processing plants in this region, due to which it is estimated that there would be considerable growth in the demand for thermostatic mixing valves.
Europe's thermostatic faucet market is growing with the shifting preferences of customers from normal to luxurious kitchen and bathroom accessories. The advanced faucets are attracting people with their better services and smart designs. Thermostatic faucets are easily available in the market as well as on the online platform. They are durable, reliable, and easily manageable faucets. Based on all these determinants, the market of thermostatic faucets would witness bright growth prospects in the upcoming years in this region.
The Germany market dominated the Europe Residential Market by Country in 2020, thereby, achieving a market value of $339.7 million by 2027. The UK market is showcasing a CAGR of 6.3% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 8.6% during (2021 - 2027).
Based on Product, the market is segmented into Two Handle Mixers, Single Lever Mixers and Other Products. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Thermostatic Faucet Market Size will Hit $12.6 Billion by 2027, at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hangzhou Oulin Sanitary Ware Co., Ltd., Kohler Co., Roca Sanitario SA, Moen Incorporated (Fortune Brands), Masco Corporation, LIXIL Corporation, Geberit AG (Doughty Hanso), Reliance Worldwide Corporation Ltd., Cera Sanitaryware Ltd., and Jaquar Group
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