buildings is expected to propel installation of real- time system that facilitate remote or
automatic functioning of systems.
Furthermore, sensor faucet offers several advantages over manual taps, owing to their water
saving and energy efficient ability. Sensor faucets maintain constant temperature of water,
which eliminates the need for increasing flow of electricity for changing water temperature.
Therefore, these benefits are expected to increase demand for sensor faucet in smart buildings,
thereby propelling growth of the market over the forecast period.
Moreover, stringent government regulations and policies regarding water conservation are
expected to further increase installation of sensor faucets in public washrooms, airport,
railways, hotels, and other places. For instance, according to the Water Conservation Act,
passed in 2009, the U.S. government plans to reduce water consumption by 20% by 2020. The
key purpose of the law is to encourage both urban and agricultural water providers to
implement conservation strategies, monitor water usage, and report data to the Department of
Water Resources (DWR) Therefore, all these factors contribute in growth of the market.
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Global Sensor Faucet Market: Restraints
Prices of sensor faucets is one of the major factors hindering growth of the market. For instance,
according to the Coherent Market Insights’ analysis, the price of normal tap is US$ 13.2 per
piece, whereas sensor faucets cost around US$ 201.7 per piece. Such high difference in the costs
of normal and sensor faucets is expected to adversely affect demand for sensor faucets.
Global Sensor Faucet Market: Regional Insights
The market for sensor faucet in Asia Pacific is expected to witness significant growth with
highest CAGR over the forecast period. This is owing to increasing development of smart city
and government initiatives for smart city projects in emerging economies such as India and
China. For instance, in 2015, Government of India launched '100 Smart Cities Mission', which is
expected to further increase construction of smart buildings. Therefore, increasing construction
of smart buildings contributes to high demand for installation of sensor faucets in the buildings.
Moreover, increasing disposable income and changing lifestyle of consumers has led to
adoption of solutions that are more convenient to operate. For instance, according to the
Coherent Market Insights’, disposable income of consumers in India in 2017 was US$ 2.63