Electric Taps Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0208276
  • Format: Electronic (PDF)
  • Number of Pages: 224
  • Author(s): Joshi, Madhavi

Report Overview

The Electric Taps Market size was estimated at USD 1.85 billion in 2023 and is projected to reach USD 2.75 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2024-2030).

Electric Taps Market

(Market Size)
$1.85 billion
$2.75 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.00%
2023 Market Size USD 1.85 billion
2030 Market Size USD 2.75 billion
Key Players Lixil, Kohler, Masco, Fortune Brands, Geberit

Market Summary

The electric taps market represents a specialized segment within the broader plumbing and sanitaryware industry, primarily serving the manufacturing and construction sectors. These innovative fixtures, also known as electronic or sensor-operated taps, utilize advanced sensor technology to automatically control water flow, enhancing hygiene, efficiency, and water conservation. The market is characterized by a steady shift from traditional manual taps towards automated solutions, driven by a global emphasis on sustainable building practices and smart infrastructure. Key end-users include commercial buildings, healthcare facilities, hospitality establishments, and high-end residential projects, where the demand for touchless operation is highest. The integration of Internet of Things (IoT) capabilities is a growing trend, allowing for remote monitoring, usage analytics, and predictive maintenance. Manufacturers are continuously innovating to improve sensor accuracy, power efficiency often through energy harvesting technologies, and overall product durability to meet the rigorous demands of commercial and industrial applications. The competitive landscape is dynamic, with established plumbing giants and specialized electronic component suppliers vying for market share through product differentiation and technological advancement.

Key Highlights

The electric taps market is distinguished by several pivotal developments that underscore its evolution and growing importance. A primary highlight is the significant advancement in sensor technology, which has drastically improved reliability, reducing false triggers and ensuring consistent performance in diverse environments. The adoption of low-voltage systems and self-powering mechanisms, such as micro-hydro turbines or solar cells, enhances safety and reduces the environmental footprint by eliminating the need for frequent battery replacements or hardwiring to mains electricity. Another critical highlight is the strong alignment with global green building certifications like LEED and BREEAM, where the installation of water-saving electric taps contributes directly to earning credits. The market is also witnessing a convergence with smart building management systems, allowing facility managers to monitor water usage in real-time, detect leaks instantly, and generate detailed consumption reports for optimized resource management. Furthermore, design aesthetics have become a major differentiator, with manufacturers offering a wide array of finishes and styles to seamlessly integrate with modern architectural designs, moving beyond purely functional applications to become statement pieces in luxury spaces.

Drivers, Opportunities & Restraints

The growth trajectory of the electric taps market is propelled by a confluence of powerful drivers. Paramount among these is the heightened global focus on hygiene and infection control, particularly in the wake of recent health pandemics, which has accelerated the demand for touchless fixtures in public and commercial restrooms. Stringent government regulations and building codes mandating water conservation measures further compel developers and builders to integrate efficient technologies like sensor-operated taps. The rising construction of smart cities and intelligent buildings across developed and developing nations presents a substantial growth driver. Significant opportunities lie in the retrofitting and renovation sector, where existing buildings are being upgraded with modern, efficient fixtures to improve sustainability ratings and operational efficiency. The expansion of the hospitality and healthcare industries, especially in emerging economies, offers a fertile ground for market expansion. However, the market faces notable restraints, including the higher initial investment cost compared to conventional taps, which can deter budget-conscious projects. Technical complexities related to installation and maintenance require skilled personnel, potentially increasing long-term ownership costs. Furthermore, concerns regarding the reliability of sensors in certain conditions and the environmental impact of battery disposal in some models pose challenges that the industry continues to address through innovation.

Concentration Insights

The electric taps market exhibits a concentration of activity among a mix of globally recognized plumbing brands and specialized technology firms. The landscape is not entirely fragmented, with a handful of major players holding significant market share due to their extensive distribution networks, strong brand reputation, and comprehensive product portfolios. These leading companies, such as Kohler, Grohe, and Moen, have leveraged their established presence in the traditional faucet market to introduce successful lines of electronic taps, often through dedicated professional channels targeting the construction industry. Alongside these giants, there are numerous specialized manufacturers and suppliers that focus exclusively on sensor technology and automated sanitaryware, competing on innovation, price, and niche applications. Geographically, manufacturing and technological development are concentrated in regions with strong electronics and precision engineering capabilities, while demand is concentrated in areas with high commercial construction activity and strict water regulations. This concentration creates a market where brand trust, proven reliability, and after-sales service are critical competitive factors, particularly for large-scale projects specified by architects and consultants.

Type Insights

Electric taps are categorized primarily based on their power source and operational mechanism, which directly influences their application and installation requirements. The main types include battery-operated models and hardwired models connected to a building's low-voltage electrical system. Battery-powered taps offer greater flexibility in retrofit applications where accessing electrical wiring is challenging, though they necessitate periodic battery replacement. Hardwired models provide a more permanent and often more reliable solution, preferred in new construction for their seamless integration into building systems. Another key classification is based on the sensing technology employed, with infrared sensors being the most prevalent due to their cost-effectiveness and reliability. More advanced models utilize capacitive touch or ultrasonic sensing for enhanced performance. Furthermore, a growing segment includes hybrid or energy-harvesting taps that generate the minimal power required for operation from the flow of water itself, eliminating dependence on both batteries and external wiring. This type is gaining traction in projects aiming for maximum sustainability and minimal maintenance. The choice between types is a critical decision for specifiers, balancing factors like initial cost, installation complexity, long-term maintenance, and desired features such as data connectivity.

Application Insights

The application of electric taps spans a diverse range of sectors within the commercial, industrial, and high-end residential domains. In the commercial sector, they are ubiquitous in public restrooms across airports, shopping malls, railway stations, office buildings, and educational institutions, prized for their contribution to hygiene and reduced water consumption. The healthcare industry is a paramount application area, where touchless operation is crucial in hospitals, clinics, and laboratories to prevent cross-contamination and maintain sterile environments. The hospitality sector, including hotels, restaurants, and resorts, extensively adopts these taps to enhance guest experience, project a modern image, and improve operational efficiency by reducing cleaning frequency and water bills. Within manufacturing and industrial facilities, electric taps are specified for employee washrooms and areas where hands-free operation improves safety and hygiene compliance. A burgeoning application is in luxury residential construction, where homeowners are increasingly integrating smart home technologies, including automated faucets in kitchens and bathrooms, for convenience and water savings. Each application has distinct requirements, influencing the choice of product features, finish durability, and compliance with specific sector standards.

Regional Insights

The adoption and penetration of electric taps vary significantly across different global regions, influenced by economic development, regulatory frameworks, and construction activity. North America and Europe represent mature and leading markets, characterized by high awareness, stringent water conservation and plumbing codes, and a strong culture of commercial construction and renovation. These regions have well-established supply chains and high adoption rates in public infrastructure and commercial buildings. The Asia-Pacific region is identified as the fastest-growing market, fueled by rapid urbanization, massive investments in smart city projects, and the construction of new commercial and hospitality infrastructure in countries like China, India, and Southeast Asian nations. Government initiatives promoting water conservation and improved public sanitation are key growth catalysts in this region. The Middle East is another significant market, where luxury hospitality projects and a focus on sustainable building practices, particularly in the GCC countries, drive demand for high-end, efficient fixtures. Latin America and Africa present emerging opportunities, with growth concentrated in urban centers and new commercial developments, though market penetration is currently lower due to economic and infrastructural constraints.

Company Insights

The competitive arena of the electric taps market features a blend of multinational corporations with diversified plumbing portfolios and specialized firms focused on sensor technology. Prominent players such as Kohler Co., LIXIL Group Corporation (owner of brands like Grohe and American Standard), and Fortune Brands Innovations (owner of Moen) hold considerable sway due to their extensive brand recognition, robust research and development capabilities, and global distribution networks that effectively reach contractors, wholesalers, and construction firms. These companies often offer integrated suites of connected bathroom products. Significant competitors also include Masco Corporation, Geberit AG, and TOTO Ltd., each bringing engineering prowess and a strong focus on innovation. Alongside these giants, specialized companies like Stern Engineering Ltd. (known for its Sloan Valve products) and various regional players compete by offering reliable sensor cores and specialized solutions for niche applications. The competitive strategy revolves around continuous product innovation to enhance energy efficiency and connectivity, expanding product lines to cater to various price points, and forming strategic partnerships with construction companies and plumbing contractors to ensure specification in major projects.

Recent Developments

The electric taps market is witnessing a wave of innovation and strategic movements aimed at capturing greater market share and addressing evolving end-user demands. A prominent trend is the accelerated integration of Internet of Things (IoT) and Artificial Intelligence (AI) capabilities. New product launches increasingly feature taps that connect to building management systems, enabling real-time water usage monitoring, leak detection alerts, and data-driven insights for facility managers. Sustainability remains a core focus, with leading companies introducing more models utilizing energy-harvesting technology to eliminate batteries and reduce environmental impact. There is also a noticeable development in enhancing user experience through improved sensor accuracy that functions flawlessly across a wider range of skin tones and environmental lighting conditions, addressing previous limitations. Furthermore, strategic acquisitions and partnerships are common, as large conglomerates seek to acquire innovative sensor technology startups to bolster their smart product offerings. The design aspect continues to evolve, with manufacturers collaborating with renowned designers to create aesthetically striking fixtures that serve as focal points, thereby expanding their appeal in the luxury residential and boutique hospitality segments.

Report Segmentation

This comprehensive market research report on the electric taps market provides a detailed and structured analysis segmented to offer granular insights for strategic decision-making. The segmentation is designed to dissect the market from multiple angles, providing clarity on specific niches and growth pockets. The report is meticulously categorized by type, delineating the differences and market dynamics between infrared sensor taps, capacitive sensor taps, and other emerging sensing technologies. It further breaks down the market by application, offering deep dives into the distinct requirements and adoption trends within key sectors such as commercial, healthcare, hospitality, and residential construction. A crucial segment analysis by power source examines the market for battery-operated, hardwired, and energy-harvesting taps, highlighting the trade-offs and preferences across different projects. Furthermore, the report includes a thorough regional segmentation, providing detailed analysis and forecasts for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This multi-faceted segmentation allows stakeholders?including manufacturers, suppliers, investors, and construction firms?to identify specific opportunities, understand competitive landscapes in each segment, and tailor their strategies accordingly to maximize returns and market penetration.

FAQs

How does an electric tap work?

An electric tap operates using a sensor, typically an infrared sensor, which detects the presence of a user's hands beneath the spout. This sensor sends a signal to a solenoid valve, which electronically opens to allow water to flow for a pre-set duration. Once the hands are removed, the sensor stops detecting the object, and the signal to the valve ceases, shutting off the water flow automatically.

What are the benefits of using sensor taps?

Sensor taps offer numerous benefits including enhanced hygiene by eliminating the need to touch potentially contaminated surfaces, significant water conservation through controlled flow and automatic shut-off, improved energy savings by providing immediate hot water, reduced maintenance costs due to less wear and tear on mechanical parts, and compliance with green building standards.

Are electronic taps more expensive than manual taps?

Yes, electronic taps generally have a higher initial purchase and installation cost compared to traditional manual taps. This is due to the incorporated technology, including sensors, control boards, and solenoid valves. However, the total cost of ownership can be lower over time due to savings on water and energy bills, as well as reduced maintenance and repair costs from less physical use.

Do sensor taps require electricity?

Yes, sensor taps require a power source to operate the electronic components. This can be supplied by replaceable batteries, a hardwired connection to a low-voltage transformer, or through advanced energy-harvesting systems that generate minimal electricity from the water flow itself, making them self-sufficient.

Can sensor taps be used with any type of water heater?

Sensor taps are compatible with most standard water heating systems, including tankless heaters and traditional storage tanks. However, for instant hot water delivery, it is crucial to ensure the system is correctly configured to work with the momentary operation of the sensor tap to avoid delays or inefficiencies.

What is the typical lifespan of an electric tap?

The lifespan of an electric tap varies by quality, usage frequency, and maintenance but is generally designed to last for many years. High-quality commercial-grade models can often exceed a decade of service. The mechanical components are durable, and while electronic parts like sensors or solenoids may eventually require service or replacement, they are typically designed for long-term reliability.

Citius Research has developed a research report titled “Electric Taps Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Electric Taps Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Electric Taps Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Electric Taps Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Electric Taps Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Electric Taps Market
• Research Methodology
• Executive Summary
• Market Dynamics of Electric Taps Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Electric Taps Market
• Cost and Gross Margin Analysis of Electric Taps Market
• Electric Taps Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Electric Taps Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Electric Taps Market Key Stakeholders

Below are the key stakeholders for the Electric Taps Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Electric Taps Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Electric Taps Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Electric Taps Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Electric Taps Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Electric Taps Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Electric Taps Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Electric Taps Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Electric Taps Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Electric Taps Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Electric Taps Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Electric Taps Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Electric Taps Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Electric Taps Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Electric Taps Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Electric Taps Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Electric Taps Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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