Electronic Soap Dispensers Market Size Worth $1.01 Billion By 2025 | The Key Competitors in The Electronic Soap Dispensers Market, American Specialties, Inc.; Toto Ltd.: Grand View Research, Inc.

March 19 02:14 2020
Electronic Soap Dispensers Market Size Worth $1.01 Billion By 2025 | The Key Competitors in The Electronic Soap Dispensers Market, American Specialties, Inc.; Toto Ltd.: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report by Grand View Research, Inc. the global electronic soap dispenser market size was estimated at USD 668.3 million in 2018 and is anticipated to expand at a CAGR of 6.0% during the forecast period. Rising demand for automatic faucets and smart bathroom products is driving the growth. Rising concerns about hygiene in developing countries including Brazil, China, India, Indonesia, Thailand, and South Africa is expected to promote utility of the product in near future.

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.

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U.S. electronic soap dispenser market

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.

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

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Global electronic soap dispenser market

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.

Access complete Electronic Soap Dispensers Market Report By Grand View research, Inc.

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

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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