The smart toilet market is growing rapidly, witnessing vast investments. Investments in developing commercial prototypes of intelligent toilets drive market growth. Governments in countries across the globe are fostering their efforts to develop smart, safe, and sustainable urban centers with high-quality basic services. These factors boost the smart toilet market size.
According to Market Research Future (MRFR), the smart toilet market is projected to escalate from USD 8.2 BN in 2022 to USD 22.20 BN by 2030, growing at a 15.12% CAGR throughout the assessment period (2022- 2030). Additional factors that are substantiating the market growth include changing lifestyles and the growing per capita income.
Players leading the smart toilet market include
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The vision of the state administration dept to provide short-, medium, and long-term strategies to achieve sustainable development goals (SDG), including sustainable cities & communities, influences market revenues. Besides, the extensive uptake of smart toilets and the flourishing construction sector are major market growth drivers.
The market delivers high premiums for manufacturers due to the shift and adoption by high net-worth customers. The construction industry is experiencing substantial growth worldwide owing to growing per capita income and the growing acceptability of innovative smart technologies.
With the surging popularity of smart toilets due to perceived psychotropic factors, the market is estimated to witness significant traction in the upcoming period. The growing influence of the media and fashion industries is generating a surge in demand for the industry.
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Smart Toilet Market – Segments
The intelligent toilets market is segmented into types, connectivity, usages, distribution channels, and regions. The type segment is sub-segmented into wall-hung toilets, close-coupled, one-piece toilets, single floor-standing toilets, and others. Among these, the wall-hung toilets segment accounts for the largest market share.
The connectivity segment is sub-segmented into Bluetooth, Wi-Fi, and others. The usage segment is sub-segmented into commercial and residential. The distribution channel segment is sub-segmented into online and offline. The region segment is sub-segmented into Asia-Pacific, the Americas, Europe, and rest-of-the-world.
Smart Toilet Market – Regional Analysis
Europe commands a large share of the global smart toilet market. Rapid advances in smart toilet technology and high investments by the government to develop technologies drive the smart toilet industry in the region. Besides, the increasing awareness of the smart toilet benefits and the importance of hygienic sanitary facilities foster the smart toilet market demand.
Rising government efforts to boost a circular Bioeconomy that can combat the climate crisis push the smart toilet market size. Numerous smart toilets are installed across the region to enable municipal sewage facilities to generate compost and biogas while separating types of human waste.
Smart Toilet Market – Competitive Landscape
The smart toilet market appears highly competitive due to numerous well-established players. Innovation, mergers & acquisitions, and collaborations remain key trends for the leading players. The smart toilet market will likely witness intensified competition with the increasing R&D innovations and M&A.
Industry/ Innovation/ Related News:
July 30, 2023 — SnapEX Overseas, a start-up toilet manufacturing company, announced that it hopes to launch its service by the end of August. The Kochi Corporation Council has signed a contract with the company to set up modern toilet units in the city. The toilet units are manufactured in Haryana and will be assembled at locations in Kochi. Each toilet unit, termed a smart sanitation center, attends to the users’ sanitation and hygiene needs.
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