Luxury is the new bathroom buzzword, as consumers have become increasingly technology and product savvy, every year, basic, nondescript, shower solutions are being replaced by glamorous luxury bathroom fittings and fixtures. Smart Shower devices market is one of the greatly increasing market because of sturdy economic progress, rising standards of living and increase in construction activities have led to rapid proliferation of Smart Shower devices across the globe. Moreover, the Global demand for electronic devices will fuel the growth of the Smart Shower devices market. The trend for smart home across the globe is resulting in the quantitative increase in demand of Smart Shower devices. Smart Shower devices are being actively used across the globe and Smart Shower devices market is dependent upon the health of the housing and construction Industry.
Smart shower devices are compatible with other smart devices such as smart phones, tablets and laptops, allowing users to download the data to their personal smart devices. In addition Smart Shower devices are used to track the amount of water used during a shower in real time. Today’s Smart Shower devices are designed to offer temperature and pressure control and self-cleaning benefits.
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Smart Shower devices market: Drivers and Challenges
The major growth drivers of the Smart Shower devices market include rise in demand of smart phone device, rapid growth of IoT market, smart city projects in various regions and water conservation. In addition, rise in consumer confidence, growth in the residential building sector, product innovations, and mounting interest in energy and water efficient products will drive the growth of Smart Shower devices market. Increase in construction activities have led to growth of the Smart Shower devices across the globe.
Major challenges of Smart Shower devices market is worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of Smart Shower devices Market.
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Smart Shower devices market: Segmentation
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Competition Landscape
Key contracts
Key Contracts in Smart Shower devices market are as:
- In June 2017, Jacuzzi Brands LLC, is a U.S. based manufacturer of functional products for the home and outdoor space, acquired BathWraps, U.S. based manufactures of custom showers and bathtubs.
- In January 2015, EvaDrop, an American Smart Shower device manufacturer, launched world’s first water-saving smart shower.
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