At 2.5% CAGR, the South & Central America Thermostatic Mixers Market is Projected to be Worth US$ 110.10 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the South & Central America thermostatic mixers market was valued at US$ 90.63 in 2023 and is expected to reach US$ 110.10 million by 2031, registering a CAGR of 2.5% from 2023 to 2031. Growing popularity of luxury products and home renovation projects and rising importance of temperature control for safety are among the critical factors attributed to the South & Central America thermostatic mixers market expansion.

In smart bathrooms of various residential and commercial settings, consumers prefer products from luxury brands of products such as. This is expected to raise the demand for thermostatic mixers to regulate temperature and water flow from showers and taps precisely. In addition, many consumers are looking for brands that offer thermostatic mixers for showers with rainfall or waterfall-like designs. Some of the advanced thermostatic mixer shower examples include SH-42202 thermostatic bathroom shower mixer by LEELONGS, BubbleSpa Exposed Mixer Shower System by Kelda Showers Limited, Mira Opti-floPro by Kohler Mira Ltd among others. Thus, the growing popularity of luxury products and home renovation projects is expected to be the key trend in the thermostatic mixers market during the forecast period.

On the contrary, high installation and maintenance costs and stringent environmental regulations & safety standards hamper the growth of South & Central America thermostatic mixers market.

Based on mounting type, the South & Central America thermostatic mixers market is bifurcated into deck mount and wall mount. The wall mount segment held 71.8% share of the South & Central America thermostatic mixers market in 2023, amassing US$ 65.05 million. It is projected to garner US$ 80.19 million by 2031 to expand at 2.7% CAGR during 2023–2031.

By application, the South & Central America thermostatic mixers market is bifurcated into residential and commercial. The commercial segment held 79.9% share of the South & Central America thermostatic mixers market in 2023, amassing US$ 72.45 million. It is projected to garner US$ 89.32 million by 2031 to expand at 2.7% CAGR during 2023–2031.

By design type, the South & Central America thermostatic mixers market is bifurcated into concealed and exposed. The concealed segment held 69.3% share of the South & Central America thermostatic mixers market in 2023, amassing US$ 62.84 million. It is projected to garner US$ 73.88 million by 2031 to expand at 2.0% CAGR during 2023–2031.

Based on country, the South & Central America thermostatic mixers market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held 50.6% share of South & Central America thermostatic mixers market in 2023, amassing US$ 45.84 million. It is projected to garner US$ 57.73 million by 2031 to expand at 2.9% CAGR during 2023–2031.

Key players operating in the South & Central America thermostatic mixers market are Hansgrohe SE, Jaquar Group, Kohler Co, Lixil Corp, and Roca Group, among others.

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