Thermostatic Mixers Market

 The thermostatic mixers market size is projected to reach US$ 5.79 billion by 2031 from US$ 4.01 billion in 2023. The market is expected to register a CAGR of 4.7% during 2023–2031. The growing popularity of luxury products and home renovation projects is likely to remain among the key trends in the market.

Thermostatic Mixers Market Analysis

In smart bathrooms of various residential and commercial settings, consumers prefer products from luxury brands of products. 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. A few examples of advanced thermostatic mixer shower systems include SH-42202 thermostatic bathroom shower mixer by LEELONGS, BubbleSpa Exposed Mixer Shower System by Kelda Showers Limited, and Mira Opti-floPro by Kohler Mira Ltd, among others. Moreover, spending on home improvement or renovation projects in the US increased from US$ 363 billion in 2020 to US$ 472 billion in 2022. It is also expected that consumer spending on home improvements, renovations, and repairs is anticipated to reach US$ 485 billion by the end of 2024, as per the study by the Joint Center for Housing Centers of Harvard University (JCHS). Thus, the growing popularity of luxury products and home renovation projects is expected to be the key trend in the thermostatic mixers market from 2023 to 2031.

Read More - https://finance.yahoo.com/news/rise-thermostatic-mixers-market-5-153100047.html