Smart Bathroom Market Is Estimated To Grow at CAGR Of Approximately 11% during the Forecast Period 2017-2023

Pune, India, April 4, 2018/MRFR Press Release/- Market Research Future published a cooked research report on the Smart Bathroom Market

Market Highlights

The global smart bathroom market is projected to witness a rapid growth during the forecast period owing to increasing demand for smart bathroom applications. Moreover, increasing demand for smart bathrooms across various end users and rise in concerns regarding energy conservation and hygiene maintenance are other major factors driving the growth of the global smart bathroom market.

The global smart bathroom market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to witness significant growth and hold the largest share of the global market during the forecast period. The U.S and Canada are anticipated to drive the growth of the smart bathroom market in North America owing to the presence of a large number of established key players such as Kohler Co. and Bradley Corporation among others in this region. Due to sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. The growth of the market is also attributed to the increasing focus on growing urbanization and increasing aging population. In the global smart bathroom market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to increasing demand for smart bathroom applications different countries in the region.

The global smart bathroom market is projected to reach USD 11 billion at a CAGR of over 11% by the end of the forecast period 2017-2023.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Bathroom Market Research Report-Forecast to 2023”.

Access Report Details @ https://www.marketresearchfuture.com/reports/smart-bathroom-market-4841

Smart Bathroom Market Segmentation

The global smart bathroom market is segmented on the basis of product type, connectivity, and end user. The connectivity segment is classified into Bluetooth, wi-fi and 3G. However, the Bluetooth sub-segment is expected to hold the largest market share of the global smart bathroom market during the forecast period. This is owing to the increasing popularity of Bluetooth applications in order to connect two devices in the same room. Also, growing popularity of internet of things plays a major role in the growth of smart bathroom market.

Some of the prominent players in the global smart bathroom market: Roca Sanitario S.A. (Spain), Toto Ltd. (Japan), Kohler Co. (U.S.), LIXIL Group (Japan), Duravit AG (Germany), Bradley Corporation (U.S.), Fortune Brands (Canada), and Masco Corporation (China) among others.

Market Research Analysis

North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The market in North America is witnessing rapid growth due to technological advancements and rise in demand for smart bathroom applications across different industry verticals in this region. The U.S. holds the majority of market share both in terms of revenue as well as increasing demand for smart and innovative solutions in the region.