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Development of Smart Cities to Create Opportunities for the Global Smart Bathroom Market Through 2020, Reports TechnavioTechnavio analysts forecast the global smart bathroom market to grow at a CAGR of more than 10% during the forecast period, according to their latest report. The research study covers the present scenario and growth prospects of the global smart bathroom market for 2016-2020. The report also lists touch-less faucets, cisterns, soap dispensers, hand dryers, smart windows, and smart toilets as the major segments in the global smart bathroom market. Technavio heavy industry analysts highlight the following three factors that are contributing to the growth of the global smart bathroom market:
Development of smart cities Smart cities employ multiple technologies to form an interconnected system of buildings and the power grid. Energy consumption is regulated at each stage of a building's life cycle with the ICT-based monitoring, feedback, and optimization tools. Energy modeling software helps architects determine how design can affect energy use in a building while ICT measures and benchmarks the performance. Smart bathroom is an important feature of the buildings in smart cities as they help conserve energy and water. Special drainage systems are installed in smart bathrooms to avoid water wastage. The water used for showering is converted to greywater, which is used for secondary activities such as flushing. The water used for flushing is treated again for other purposes such as gardening. According to Sayani Roy, an industry expert in construction research at Technavio, "The rising number of smart cities across the globe is expected to contribute to the growth of the smart bathroom market during the forecast period." Wider adoption in urban areas According to the UN estimates, 53% of the world's population resides in urban areas as of 2015. The proportion is likely to increase to 58% by 2019. Urbanization directly affects the construction market. Growth in urban population leads to issues like air pollution, space congestion, resource depletion, and power crisis. In addition, migration from rural to urban areas increases the stress on infrastructure and utilities leading to numerous engineering, social, economic, and environmental challenges. In order to overcome these difficulties, construction companies worldwide are focusing on the development of smart buildings with features such as smart bathrooms to promote sustainable development and efficient energy management. Smart bathrooms offer optimally integrated solutions such as smart toilets, automatic flush systems, and automatic faucets. As a result, the demand for smart bathrooms, especially in urban areas, is increasing significantly. Rise in global freight and passenger traffic There has been a substantial rise in the number of air and rail passengers globally during 2011-2015, and it is expected to increase further during the forecast period. Airlines have increased the number of flights to meet the growing demand. The UAE-based Emirates, the largest airline in the Middle East region, flew more than 90 million people, including international passengers in 2015. In order to accommodate the growing air traffic, governments globally are focusing on new airport constructions and expansion of existing airports leading to an increase in the demand for building features such as smart bathrooms. The governments in the Middle East are investing heavily in the construction, expansion, and revamp of their airline industries to accommodate the increasing number of airlines and commuters. The government of China is also focusing on the development of new airports in the country to de-stress the transportation network. It has proposed the New Urbanization Plan 2014-2020, under which it looks to increase the total number of airports in the country from 193 in 2013, to 230 by 2015. Global rail passenger and freight traffic also grew noticeably during 2011-2015. In order to accommodate the growing population and freight and passenger traffic, governments are expanding their existing infrastructure and building new infrastructure. "These initiatives are expected to lead to the construction of more public bathrooms. Smart bathroom features such as touchless cisterns, hand dryers, and touch faucets have become increasingly popular in public bathrooms," says Sayani. Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160628005124/en/ |
