Asia Pacific Thermostatic Mixers Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The Asia Pacific thermostatic mixers market size is expected to reach US$ 1,140.96 million by 2031 from US$ 650.37 million in 2023. The market is estimated to record a CAGR of 7.3% from 2023 to 2031.

Executive Summary and Asia Pacific Thermostatic Mixers Market Analysis:

The Asia Pacific thermostatic mixers market is segmented into Australia, India, China, Japan, South Korea, and the Rest of Asia Pacific. Among these countries, India is expected to provide ample growth opportunities for the thermostatic mixers market during the forecast period. This is owing to a surge in construction activities and a rise in the adoption of thermostatic mixers in residential and commercial buildings across the country. Additionally, the growing popularity of smart devices to improve the quality and safety of buildings has led to increased demand for smart devices, such as thermostatic mixer showers, in residential and commercial sectors in Asia Pacific.

Asia Pacific countries, particularly China, India, and Singapore, are characterized by current trends in the design and construction sectors. Well-established multinational companies, large domestic companies, and many hotels and resorts are committed to a smart building culture in the region. Growing environmental awareness among people and government initiatives to reduce overall water and energy consumption are a few factors expected to increase the popularity of smart devices and boost the demand for water and energy-efficient thermostatic mixers in Asia Pacific in the coming years. Also, government regulations, technological advancements, and the increasing need for energy savings have created a favorable ecosystem for the thermostatic mixers market in Asia Pacific. For example, the China Green Building Council (China GBC), a branch of the Chinese Society for Urban Studies, is a nonprofit national academic organization that assists the government in promoting the development of green buildings in China through the Housing and Urban-Rural Ministry. Furthermore, the increasing growth of the hospitality industry in countries such as Indonesia, India, Japan, South Korea, and Singapore is projected to fuel the demand for thermostatic mixers, which in turn is expected to boost the market growth from 2023 to 2031.

Asia Pacific Thermostatic Mixers Market Strategic Insights

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Asia Pacific Thermostatic Mixers Market Segmentation Analysis

Key segments that contributed to the derivation of the thermostatic mixers market analysis are mounting type, application, and design type.

• Based on mounting type, the Asia Pacific thermostatic mixers market is bifurcated into deck mount and wall mount. The wall mount held a larger share of the market in 2023.
• By application, the Asia Pacific thermostatic mixers market is bifurcated into residential and commercial. The commercial segment held a larger share of the market in 2023.
• By design type, the Asia Pacific thermostatic mixers market is bifurcated into concealed and exposed. The concealed held a larger share of the market in 2023.

Asia Pacific Thermostatic Mixers Market Outlook

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.

Asia Pacific Thermostatic Mixers Market Country Insights

Based on country, the Asia Pacific thermostatic mixers market comprises the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held the largest share in 2023.

The construction industry in China is in decline, but the government is continually supporting it by investing in new construction and infrastructure development projects. According to China's Ministry of Electronics and Information Technology, investment in new construction and real estate fell by 5.8% from January to March 2023, reaching US$ 362.45 billion. Investments in the construction of residential buildings fell by 4.1%, reaching US$ 275.84 billion. China is steadily urbanizing and developing infrastructure to boost the economy, which has resulted in fueling the demand for thermostatic mixers during the forecast period. In addition, the government is investing in the construction sector to support economic growth in the coming years. For instance, the Chinese government announced a US$ 1 billion investment in the country's construction sector at the end of fiscal year 2022, boosting the housing, commercial and civil engineering sectors. This construction sector, which is growing with government support, has moderately strengthened the thermostatic mixers market during the forecast period.

Asia Pacific Thermostatic Mixers Market Report Highlights

Asia Pacific Thermostatic Mixers Market Company Profiles

Some of the key players operating in the market include Aquant; FIMA CARLO FRATTINI S.P.A.; Geberit AG; Hansgrohe SE; Hindware Home Innovation Ltd; Jaquar Group; Kohler Co; Lixil Corp; Roca Group; and TOTO Ltd. among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Asia Pacific Thermostatic Mixers Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Asia Pacific Thermostatic Mixers Market Country and Regional Insights