Monday, 6 April 2020

Water Saving Plumbing Products Market Scope and Demand 2020

  • Water saving plumbing products are plumbing fixtures which use significantly less water than conventional fixtures. The wide range of water saving plumbing products available in the market includes low-flow toilets, low-flow showerheads, low-flow urinals, and low-flow faucets. Water saving plumbing products reduce consumption of water by 20% as compared to conventional plumbing products. Water saving plumbing products play a significant role in the conservation of water and the environment.
Strict standards and regulations imposed by federal governments of various countries regarding flow rate of plumbing fixtures anticipated to be a driving factor
  • Stringent standards and regulations imposed by federal governments of various developed and developing countries regarding flow rate of plumbing products is anticipated to be a major driving factor for water saving plumbing products in the near future. The U.S. government has already legislated standards regarding the rate of water flow from plumbing fixtures under the U.S. Energy Policy Act of 1992. A few states in the U.S. offer rebates to individuals who exchange their plumbing products with low-flow plumbing products. Connecticut, Massachusetts, Rhode Island, and California have already taken the lead in terms of implementation of water efficiency standards.  
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Increase in trend of selling water saving plumbing products through e-commerce websites generates opportunity for manufacturers
  • Rapid increase in trend of selling water saving plumbing products through e-commerce websites and other online distribution channels is estimated to create significant opportunities for manufacturers and distributors of water saving plumbing products during the forecast period. Companies are also offering attractive discounts and launching new offers to increase the sale of water saving plumbing products on e-commerce websites and various other online portals.
North America and Europe hold major share of the water saving plumbing products market
  • Geographically, the global water saving plumbing products market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
  • North America and Europe hold major share of the water saving plumbing products market across the globe. The market in North America and Europe which includes the U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, and other European countries is anticipated to expand at a moderate rate during the forecasted timeline, due to extensive adoption of low-showerheads, toilets, faucets, and fixtures.
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