Electronic Soap Dispenser Market is projected to record a CAGR of 6.3%, during 2022 – 2032 – Future Market Insights, Inc. – GlobeNewswire
NEWARK, Del, July 25, 2022 (GLOBE NEWSWIRE) — The electronic soap dispenser market size has been valued at USD 1,063.2 Million by 2022 and is expected to reach USD 1958.61 million by 2032, with a CAGR of 6.3% from 2022 to 2032. The increase is being driven by rising demand for automatic faucets and smart bathroom products resulting in the surge of electronic soap dispenser market key trends and opportunities.
Rising hygiene concerns in developing countries such as Brazil, China, India, Indonesia, Thailand, and South Africa are expected to boost the product’s utility in the near future, boosting the electronic soap dispenser market future trends.
Growing awareness of the importance of hand hygiene is expected to drive demand for electronic soap dispensers and escalate the electronic soap dispenser adoption trends. Through a sensor device that detects the presence of an external object, the product automatically dispenses liquid and foam soap.
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By its touch less, germ-free, and skin-safe properties, the product is gaining traction in the commercial and institutional sectors, hence increasing the adoption of electronic soap dispenser. This dispensing technology-based product form is designed to provide maximum hygiene and a precise amount of liquid soap. As a result, it improves dispenser efficiency while reducing unnecessary soap usage, surging the electronic soap dispenser market trends as well as electronic soap dispenser market opportunities.
Increasing sanitation programs by various governments have indirectly aided electronic soap dispenser market growth in recent years. Poor hygiene habits can lead to severe stomach diseases. Governments and healthcare organizations have collaborated on a number of initiatives to combat these diseases, hence increasing the electronic soap dispenser market key trends and opportunities.
- For the product type category, the steel segment leads the electronic soap dispenser market, expanding at a CAGR of 6.6% during the forecast period.
- In 2022, the steel segment will command 34.4% of the electronic soap dispenser market share in the electronic soap dispenser market for the product type category.
- By application, the commercial segment is expected to dominate the electronic soap dispenser market, expanding at a CAGR of 6.1% during the forecast period.
- By 2028, the commercial segment is expected to have an electronic soap dispenser market share of 67.0% of the electronic soap dispenser market by application.
- For the sales channel category, the direct sales segment leads the electronic soap dispenser market, expanding at a CAGR of 6.9% during the forecast period.
- In 2028, the Indirect Sales segment for the sales channel category, will be accounting for 82.7% of electronic soap dispenser market share.
- South Asia dominated the electronic soap dispenser market, which grew at a CAGR of 10.3% during the forecast period.
- South Asia had the largest electronic soap dispenser market in 2028, accounting for 20.8% of the electronic soap dispenser market share.
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Toto Ltd., American Specialties, Inc., Umbra, Simplehuman, Orchids International, Toshi Automatic Systems Pvt. Ltd., Lovair, Bobrick Washroom Equipment, Inc., Shenzhen City Svavo Bathroom Products Co., Ltd., And Zaf Enterprises are among the major electronic soap dispenser market players. Product development has been one of many companies’ primary competitive strategies.