South & Central America Thermostatic Mixers Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 91 | Report Code: BMIRE00031779 | Category: Manufacturing and Construction
No. of Pages: 91 | Report Code: BMIRE00031779 | Category: Manufacturing and Construction
The South & Central America thermostatic mixers market size is expected to reach US$ 110.10 million by 2031 from US$ 90.63 million in 2023. The market is estimated to record a CAGR of 2.5% from 2023 to 2031.
The thermostatic mixers market in South America is segmented into Brazil, Argentina, and the Rest of South America. In recent years, urbanization has increased significantly and contributed a large part to the region's economic growth. The growing construction industry in the region, with a growing number of residential and commercial spaces, is driving the thermostatic mixers market. The increased demand for thermostatic mixers from residential and commercial applications to control the water temperature and flow is expected to fuel the market growth during the forecast period. Due to population growth; economic growth; government investments; and demand for smart home devices such as showers, bathtubs, and other temperature-controlled washing devices—Brazil and Argentina account for most of the demand for thermostatic mixers in the region.
Despite increasing foreign trade tensions, political uncertainty, and fiscal constraints weighing on the South American economy, the construction industry is expected to grow over the forecast period. Moreover, the rise in the use of thermostatic mixers to support the global carbon emission goals by conserving water and energy is anticipated to fuel the market growth in the coming years.
Key segments that contributed to the derivation of the thermostatic mixers market analysis are mounting type, application, and design type.
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° C, 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. According to the Americans with Disabilities Act, every water source in the bathing area must have anti-scald protection. This means that the bathtub and shower must be protected from hot water entering the bathing environment. 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.
Based on country, the South & Central America thermostatic mixers market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.
The construction sector in Brazil is experiencing fluctuating growth in its construction production. In addition, Brazil experienced significant growth in construction activity and investment. Brazil's construction GDP was approximately US$ 3,251.54 million in the fourth quarter of 2023, compared to US$ 3,211.99 million in the third quarter of 2023. The demand for thermostatic mixers in the country is mainly driven by residential and commercial building expansion projects, including airport building expansion, corporate complex expansion, and residential construction. In addition, the key factors fueling the growth of the commercial sector during the forecast period include investments in football stadiums, commercial offices, and data center projects. Moreover, investments in the healthcare & education sectors will boost the growth of the institutional construction sector, which in turn is expected to fuel the demand for thermostatic mixers during the forecast period.
The government's initiatives to minimize the country's housing deficit and guarantee its citizens the right to affordable housing will support the growth of the housing sector in the coming years. For instance, the new national housing program "My House, My Life," launched in 2023 under the leadership of the National Housing Secretariat (SNH) of the Brazilian Ministry of Urban Affairs, addresses these two challenges. The aim is to increase the number of newly built houses, improve existing housing, and strengthen institutions, which is expected to boost the thermostatic mixer market growth in Brazil during the forecast period.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 90.63 Million |
| Market Size by 2031 | US$ 110.10 Million |
| Global CAGR (2023 - 2031) | 2.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Mounting Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Some of the key players operating in the market include Hansgrohe SE, Jaquar Group, Kohler Co, Lixil Corp, and Roca Group 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.
The following methodology has been followed for the collection and analysis of data presented in this report:
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:
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.
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:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The South & Central America Thermostatic Mixers Market is valued at US$ 90.63 Million in 2023, it is projected to reach US$ 110.10 Million by 2031.
As per our report South & Central America Thermostatic Mixers Market, the market size is valued at US$ 90.63 Million in 2023, projecting it to reach US$ 110.10 Million by 2031. This translates to a CAGR of approximately 2.5% during the forecast period.
The South & Central America Thermostatic Mixers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Thermostatic Mixers Market report:
The South & Central America Thermostatic Mixers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Thermostatic Mixers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Thermostatic Mixers Market value chain can benefit from the information contained in a comprehensive market report.
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