LAMEA Thermostatic Faucet Market By Product (Two Handle Mixers, Single Lever Mixers and Other Products), By End User (Residential and Commercial), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the LAMEA Thermostatic Faucet Market
Market Report Description
The Latin America, Middle East and Africa Thermostatic Faucet Market would witness market growth of 10.3% CAGR during the forecast period (2021-2027).
The high-quality material is used for the manufacturing of the thermostatic faucet, which makes them long-lasting. The piston needs space to move inside the mixer, if the piston is made of metal materials it will get rust easily. The movement of the pistol will get restricted and will not move properly, due to which water coming out from the mixer will either be hot water or cold water. Therefore, metal materials are not used in thermostatic faucets; instead, plastic material is preferred for the manufacturing of thermostatic faucets.
Therefore, the life span of the thermostatic faucet is long-lasting and also, they are light in weight. The maintenance of these faucets is very easy. Plastic materials also provide other benefits like the thermal conductivity of plastic materials is lower than the metal material, which keeps the body of the thermostatic mixer cool while the hot water passes through it. Thus, the market of thermostatic faucets is witnessing a massive demand based on the above-mentioned factors.
LAMEA is an underdeveloped region comprising of nations that have a low economy. Latin America is the region that was severely hit by the COVID-19 pandemic. But the economy of this region is anticipated to improve in the upcoming years. In addition, the thermostatic faucet market is experiencing certain challenges to survive in the market of this region, owing to the lack of awareness about advanced faucets and how they are useful for people.
Thermostatic faucets are different from normal faucets and also its operation is different from the conventional faucets. The population residing in this region does not have enough knowledge about the utilization of advanced faucets. Additionally, the disposable income of this region is too low due to which, people cannot afford to invest in purchasing thermostatic faucets. Therefore, these challenges are affecting the growth of the thermostatic faucet market in the region.
The Single Lever Mixers market dominated the South Africa Thermostatic Faucet Market by Products in 2020, thereby, achieving a market value of $94.4 million by 2027. The Other Products market is expected to witness a CAGR of 11.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Thermostatic Faucet Market is Predict to reach $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
Scope of the Study
Market Segments Covered in the Report:
- Two Handle Mixers
- Single Lever Mixers
- Other Products
By End User
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Jaquar Group
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