The report forecasts the global smart bathroom market to grow at a CAGR of 10.43% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Advanced technologies aimed at energy conservation and maintaining hygiene In the US, smart bathrooms are gaining popularity to counter rising energy costs. In Germany, the government has introduced the concept of the smart bathroom in the construction market to control and reduce high energy costs. However, Japan is confronted by a serious challenge - the gap in the supply of and demand for energy. To narrow this gap, the Japanese government has started focusing on the development of smart bathrooms in public infrastructure and buildings.
According to the report, construction companies worldwide are focusing on the development of smart buildings with features like 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.
Further, the report states that the cost of setting up smart bathrooms or replacing existing bathroom fixtures with smart bathroom fittings is substantial, especially for homeowners and small- and medium-sized enterprises (SMEs), mainly due to their financial constraints.
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