At 4.1% CAGR, the North America Thermostatic Mixers Market is Projected to be Worth US$ 1,946.41 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the North America thermostatic mixers market was valued at US$ 1,414.70 in 2023 and is expected to reach US$ 1,946.41 million by 2031, registering a CAGR of 4.1% from 2023 to 2031. Growing focus on water and energy conservation and rising importance of temperature control for safety are among the critical factors attributed to the North America thermostatic mixers market expansion.

Water and energy are increasingly used in showers and other essential applications in the residential and commercial sectors worldwide. As per the US Environmental Protection Agency (EPA), the average shower lasts approximately 8–10 minutes, with a water flow of 2.1 gallons per minute on average. In the US, the average consumption of water accounted for more than 1 trillion gallons each year for showering. As per the data from the Alliance for Water Efficiency, showers accounted for 19% of the total water consumption in residential water applications. According to data from the United Nations Statistics Division, global water consumption is approximately 4 trillion cubic meters. Of this total, domestic water use accounts for about 10%. Taking one 10-minute shower each day, an average person uses the equivalent of over 100,000 glasses of drinking water every year. The wastage of water from showering, owing to the optimal temperature requirement by individuals has resulted in an increasing need for a thermostatic mixer for the regulation of water temperature and flow control precisely.

The awareness about water and energy conservation is growing owing to the future need for water as well as limited clean water availability across the globe. The rise in government initiatives toward the use of water-efficient and water-conservation products is fueling the demand for thermostatic mixers. For example, WaterSense, a voluntary partnership program by the US EPA, aimed at helping consumers save water through water-efficient products by recognizing WaterSense labels. The WaterSense labeled products are certified to utilize ~20% less water and conserve energy, as well as offer enhanced performance compared to the regular products. Thus, the growing focus on water and energy conservation drives the thermostatic mixer market.

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

Based on mounting type, the North America thermostatic mixers market is bifurcated into deck mount and wall mount. The wall mount segment held 71.2% share of the North America thermostatic mixers market in 2023, amassing US$ 1,007.52 million. It is projected to garner US$ 1,407.00 million by 2031 to expand at 4.3% CAGR during 2023–2031.

By application, the North America thermostatic mixers market is bifurcated into residential and commercial. The commercial segment held 66.8% share of the North America thermostatic mixers market in 2023, amassing US$ 944.78 million. It is projected to garner US$ 1,324.42 million by 2031 to expand at 4.3% CAGR during 2023–2031.

By design type, the North America thermostatic mixers market is bifurcated into concealed and exposed. The concealed segment held 71.9% share of the North America thermostatic mixers market in 2023, amassing US$ 1,017.77 million. It is projected to garner US$ 1,373.15 million by 2031 to expand at 3.8% CAGR during 2023–2031.

Based on country, the North America thermostatic mixers market is segmented into the US, Canada, and Mexico. The US held 65.2% share of North America thermostatic mixers market in 2023, amassing US$ 922.87 million. It is projected to garner US$ 1,242.78 million by 2031 to expand at 3.8% CAGR during 2023–2031.

Key players operating in the North America 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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