North America Thermostatic Mixers Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The North America thermostatic mixers market size is expected to reach US$ 1,946.41 million by 2031 from US$ 1,414.70 million in 2023. The market is estimated to record a CAGR of 4.1% from 2023 to 2031.

Executive Summary and North America Thermostatic Mixers Market Analysis:

The North America thermostatic mixers market is segmented into the US, Canada, and Mexico. The increasing construction activity and the growing demand for temperature and flow-controlled devices in showers, bathtubs, and other washing or cleaning applications in the residential and commercial sectors in the region are a few factors boosting the North America thermostatic mixers market growth. In addition, the growing popularity of green or smart homes by integrating or using smart devices in home interiors or commercial applications is expected to support the North America thermostatic mixers market growth during the forecast period. An increase in government initiatives to build the smart construction sector leads to the installation of solar water heaters in the building. This is expected to boost the demand for thermostatic mixers in the region in the coming years.

The rise in scalding incidents in North America owing to the variation in water temperature during showering or bathing is anticipated to increase the demand for temperature and flow-controlled devices such as thermostatic mixers in the coming years. Furthermore, the increase in awareness toward water and energy conservation in the region, with favorable government initiatives toward water conservation, is projected to fuel the market growth in North America from 2023 to 2031.

North America 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 North America 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 North America 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 North America thermostatic mixers market is bifurcated into concealed and exposed. The concealed held a larger share of the market in 2023.

North America Thermostatic Mixers Market Outlook

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° F, making it essential to maintain the temperature of water in bathing and shower applications to avoid pain sensations. In the US, there are between 3,000 and 4,000 cases of water-related scalds, with a ~30% death rate for people aged above 60, as per the data from the US EPA. 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.

North America Thermostatic Mixers Market Country Insights

Based on country, the North America thermostatic mixers market comprises the US, Canada, and Mexico. US held the largest share in 2023.

The construction industry in the US is extensive and diverse, encompassing residential, commercial, and civil engineering projects. A growing construction sector is driving demand for interior products in kitchens and bathrooms, among other locations in the house. The country's population growth, urbanization trends, and extensive residential infrastructure projects are a few factors fueling the demand for thermostatic mixers. For example, according to Associated General Contractors (AGC) data, the US construction sector is one of the largest contributors to the US economy, producing approximately US$ 2.1 trillion worth of structures each year.

The US government is taking various sustainable initiatives that are expected to boost the growth of the thermostatic mixer market during the forecast period. For example, the WaterSense labeled products initiative launched by the US Environmental Protection Agency (EPA) in the past is fueling the demand for sustainable and water & energy-conservative home appliances that utilize 20% less water than standard products. This is fueling the demand for thermostatic mixers in the near future.

North America Thermostatic Mixers Market Company Profiles

Some of the key players operating in the market include Hansgrohe SE; Lixil Corp; TOTO Ltd.; Roca Group; FIMA CARLO FRATTINI S.P.A.; Geberit AG; Jaquar Group; and Kohler Co 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.

North America 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 The Insight Partners' 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

Product Code: BMIRE00031775

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Thermostatic Mixers Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Raw Material Suppliers:
- 4.2.2 Component Manufacturers:
- 4.2.3 Thermostatic Mixer Manufacturers:
- 4.2.4 End Users:
- 4.2.5 List of Thermostatic Mixer Providers

5. North America Thermostatic Mixers Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Focus on Water and Energy Conservation
- 5.1.2 Rising Importance of Temperature Control for Safety
5.2 Market Restraints
- 5.2.1 High Installation and Maintenance Costs and Stringent Environmental Regulations & Safety Standards
5.3 Market Opportunities
- 5.3.1 Launch of Technologically Advanced and Premium Thermostatic Mixers
5.4 Future Trends
- 5.4.1 Growing Popularity of Luxury Products and Home Renovation Projects
5.5 Impact of Drivers and Restraints:

6. Thermostatic Mixers Market - North America Analysis

6.1 North America Thermostatic Mixers Market Revenue (US$ Million), 2021-2031
6.2 North America Thermostatic Mixers Market Forecast Analysis

7. North America Thermostatic Mixers Market Analysis - by Mounting Type

7.1 Deck Mount
- 7.1.1 Overview
- 7.1.2 Deck Mount: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Wall Mount
- 7.2.1 Overview
- 7.2.2 Wall Mount: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)

8. North America Thermostatic Mixers Market Analysis - by Application

8.1 Residential
- 8.1.1 Overview
- 8.1.2 Residential: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Commercial
- 8.2.1 Overview
- 8.2.2 Commercial: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)

9. North America Thermostatic Mixers Market Analysis - by Design Type

9.1 Concealed
- 9.1.1 Overview
- 9.1.2 Concealed: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Exposed
- 9.2.1 Overview
- 9.2.2 Exposed: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)

10. North America Thermostatic Mixers Market - Country Analysis

10.1 North America
- 10.1.1 North America Thermostatic Mixers Market Overview
- 10.1.2 North America Thermostatic Mixers Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 10.1.2.1 North America Thermostatic Mixers Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.2 United States: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.2.1 United States: North America Thermostatic Mixers Market Breakdown, by Mounting Type
    - 10.1.2.2.2 United States: North America Thermostatic Mixers Market Breakdown, by Application
    - 10.1.2.2.3 United States: North America Thermostatic Mixers Market Breakdown, by Design Type
  - 10.1.2.3 Canada: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.3.1 Canada: North America Thermostatic Mixers Market Breakdown, by Mounting Type
    - 10.1.2.3.2 Canada: North America Thermostatic Mixers Market Breakdown, by Application
    - 10.1.2.3.3 Canada: North America Thermostatic Mixers Market Breakdown, by Design Type
  - 10.1.2.4 Mexico: North America Thermostatic Mixers Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.2.4.1 Mexico: North America Thermostatic Mixers Market Breakdown, by Mounting Type
    - 10.1.2.4.2 Mexico: North America Thermostatic Mixers Market Breakdown, by Application
    - 10.1.2.4.3 Mexico: North America Thermostatic Mixers Market Breakdown, by Design Type

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Hansgrohe SE
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Lixil Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 TOTO Ltd.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Roca Group
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 FIMA CARLO FRATTINI S.P.A.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Geberit AG
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Jaquar Group
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Kohler Co
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners