Thermostatic Faucet Market Worth $11.59 Billion By 2028 | CAGR 5.29%
Thermostatic Faucet Industry Overview The global thermostatic faucet market size is expected to reach USD 11.59 billion by 2028, registering a CAGR of 5.29% over the forecast period, according to a new report by Grand View Research, Inc. The COVID-19 pandemic has affected nearly every industry sector. The focus of the consumer has shifted towards daily essentials thereby impacting the non-essential industry like plumbing. Several home renovation activities were put on hold in 2020. Thermostatic Faucet Market Segmentation Grand View Research has segmented the global thermostatic faucet market based on product, end-user, and region: Based on the End-user Insights, the market is segmented into Residential, Commercial. The commercial segment accounted for the largest revenue share of more than 55% in 2020 and is estimated to expand at the fastest CAGR from 2021 to 2028. The commercial sector includes hotels, malls, hospitals, and airports. The development...