Global Electronic Faucets Market Growth 2019-2024

Electronic Faucets is a faucet with a hands-free mechanism for opening and closing its valve.
This report covers the touchless electronic faucets and touched electronic faucets.

Direct marketing is about making direct contact with existing and potential customers to promote the products or services. Direct marketing can be cost effective and extremely powerful at generating sales, so it is ideal for small businesses.

Direct marketing allows you to generate a response from targeted customers. As a result, small businesses can focus their limited marketing resources where they are most likely to get results.

A direct marketing campaign with a clear call to action can help you boost your sales to existing customers, increase customer loyalty, recapture old customers and generate new business.

In the Electronic Faucets industry, direct marking only occupies a small share.

Indirect marketing is where there is no direct communication to end consumers by companies. It is treated as the next step for establishing brand recognition and awareness. Manufacturers use indirect marketing when selling through wholesalers and other channels.

As opposed to the direct marketing technique, the indirect marketing strategy focuses on channels where there is no direct communication with customers by the companies. Therefore, it is mainly used to retain customer, increase customer’s loyalty, and develop more business.

Unlike direct marketing, in case of indirect marketing there are no possibilities of feedback or two way communication. The response of indirect marketing is difficult to be measured.

A big disadvantage of indirect marketing is in the high costs of applying this strategy. The high costs can be incurred for publicizing the brand, or the costs for hiring the right people with the relevant skills and capacities for providing good content marketing. At the end, these high costs might not generate the anticipated number of customers in the future.

In the Electronic Faucets industry, indirect marking only occupies most shares.

In the future, the Indirect Marketing will still be the main marketing channel. Indirect Marketing will still occupy most shares in the Electronic Faucets industry.

According to this study, over the next five years the Electronic Faucets market will register a 5.2% CAGR in terms of revenue, the global market size will reach US$ 6090 million by 2024, from US$ 4500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electronic Faucets business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Faucets market by product type, application, key manufacturers and key regions and countries.

This study considers the Electronic Faucets value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Touchless Electronic Faucets
Touched Electronic Faucets
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Hotels
Offices
Medical Institutions
Residential
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
LIXIL Water Technology
Masco Corporation
Kohler
TOTO
Moen
Oras
Sloan Valve
PRESTO Group
Geberit
Roca
Pfister
Joomo
Beiduo Bathroom
Sunlot Shares
Advanced Modern Technologies
Fuzhou Sanxie Electron
TCK
ZILONG
YOCOSS Electronic Equipment
Fuzhou GIBO Induction Satinary Ware

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Electronic Faucets consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electronic Faucets market by identifying its various subsegments.
Focuses on the key global Electronic Faucets manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Electronic Faucets with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Electronic Faucets submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.