The global electronic soap dispenser market size is expected to reach USD 1.01 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 6.0% during the forecast period. Rising awareness about personal hygiene is projected to drive the product demand. In addition, growing adoption of smart kitchens and bathrooms is expected to further propel the demand for automatic dispensers in both residential and nonresidential sectors.
The product has been segmented by raw materials which includes plastic, steel, and other materials such as glass, ceramic, and aluminum. Plastic is the most common raw material due to its low cost. Plastic products are significantly popular in the commercial and institutional segment, as these sectors require the product in bulk. However, rapid growth of the smart bathroom and kitchen in the residential sector is expected to fuel the growth of the fancy products made of steel, which complements the steel faucets. Thus, the metal dispenser market is expected to expand with the expansion of the smart and fancy bathroom interiors.
Asia Pacific is expected witness the fastest CAGR in 2019 to 2025 due to steady growth of the construction industry. Residential construction, hotels, and educational institutes are major construction activities of this region. According to the Asia Construction Outlook, in 2015, the infrastructure sector accounted for 37% of the total construction spending, of which 34% of the infrastructure projects were residential in 2015. This significant rise in residential, hotel, and public infrastructure is anticipated to boost the demand for electronic soap dispenser in the foreseeable future.
The key competitors in the electronic soap dispensers market include, American Specialties, Inc.; Toto Ltd.; Umbra; ORCHIDS INTERNATIONAL; simplehuman; Lovair; Toshi Automatic Systems Pvt. Ltd.; Bobrick Washroom Equipment, Inc.; ZAF ENTERPRISES; and Shenzhen City Svavo Bathroom Products Co., Ltd.
In December 2017, Sloan Valve Company, a global plumbing company partnered with GOJO Industries, Inc., a hand hygiene and skin care products manufacturer, to launch a new range of sensor-activated soap dispenser called PURELL Hand Sanitizer. This product line is designed paired with the popular faucets well suited for commercial sector including offices, airports, and schools.
https://www.grandviewresearch.com/industry-analysis/electronic-soap-dispenser-market
Further key findings from the report suggest:
- North America held or the largest electronic soap dispensers market share of more than 35% in 2018
- Asia Pacific is expected expand at the fastest CAGR of 9.2% from 2019 to 2025
- Commercial application segment held the leading market share of 50.9% in 2018
- Plastic held the largest market share of 69.2% in the raw material segment in 2018
Grand View Research has segmented the global electronic soap dispensers market on the basis of raw material, application, and region:
Electronic Soap Dispensers Raw Material Outlook (Revenue, USD Million, 2015 - 2025)
- Plastic
- Steel
- Others
Electronic Soap Dispensers Application Outlook (Revenue, USD Million, 2015 - 2025)
- Commercial
- Institutional
- Residential
Electronic Soap Dispensers Region Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- US.
- Europe
- Germany
- UK.
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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