At 4.4% CAGR, the Europe Thermostatic Mixers Market is Projected to be Worth US$ 2,394.33 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Europe thermostatic mixers market was valued at US$ 1,694.85 in 2023 and is expected to reach US$ 2,394.33 million by 2031, registering a CAGR of 4.4% from 2023 to 2031. Rising importance of temperature control for safety and growing focus on water and energy conservation are among the critical factors attributed to the Europe thermostatic mixers market expansion.

Unsafe water temperature is the major cause of injuries caused while taking a bath or shower across the globe. The average water temperature that creates pain sensations is 106° F, making it essential to maintain the temperature of water in bathing and shower applications to avoid pain sensations. Further, the rise in accidents or injuries owing to the variation in water temperature through water sources in bathing or washing applications in residential and commercial premises has increased the importance of water temperature control for safety. To control the water temperature as desired, there is an increased installation of thermostatic mixers, which ensure the precise water temperature and regulate the flow. Thus, the rising importance of temperature control for safety boosts the thermostatic mixer market growth.

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

Based on mounting type, the Europe thermostatic mixers market is bifurcated into deck mount and wall mount. The wall mount segment held 67.7% share of the Europe thermostatic mixers market in 2023, amassing US$ 1,147.85 million. It is projected to garner US$ 1,651.46 million by 2031 to expand at 4.7% CAGR during 2023–2031.

By application, the Europe thermostatic mixers market is bifurcated into residential and commercial. The commercial segment held 65.6% share of the Europe thermostatic mixers market in 2023, amassing US$ 1,112.18 million. It is projected to garner US$ 1,618.01 million by 2031 to expand at 4.8% CAGR during 2023–2031.

By design type, the Europe thermostatic mixers market is bifurcated into concealed and exposed. The concealed segment held 75.2% share of the Europe thermostatic mixers market in 2023, amassing US$ 1,273.75 million. It is projected to garner US$ 1,756.41 million by 2031 to expand at 4.1% CAGR during 2023–2031.

Based on country, the Europe thermostatic mixers market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany held 40.2% share of Europe thermostatic mixers market in 2023, amassing US$ 681.46 million. It is projected to garner US$ 1,014.24 million by 2031 to expand at 5.1% CAGR during 2023–2031.

Key players operating in the Europe thermostatic mixers market are Hansgrohe SE; Lixil Corp; TOTO Ltd.; Roca Group; FIMA CARLO FRATTINI S.P.A.; Geberit AG; Jaquar Group; and Kohler Co, among others.

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