Energy Saving and Water Efficiency Emerge as Key Concerns for the Global Shower Panels Market Until 2020, says Technavio

LONDON--()--According to the latest market research report by Technavio, the global shower panels and heads market is expected to grow at a CAGR of close to 6% by 2020.

In this report, Technavio covers the present scenario and growth prospects of the global shower panels and heads market for 2016-2020. The market size has been calculated based on revenues earned from the sales of new shower heads and panel units across the globe.

“Increasing focus among consumers on energy conservation is encouraging international manufacturers to develop energy-efficient and eco-friendly shower systems. For instance, recirculation of water is a key emerging concept across the globe, especially in green buildings, where the water used for bathing is processed and resupplied for secondary purposes like washing and cleaning. This practice is popular among green builders as it results in massive conservation of water,” said Soumya Mutsuddi, one of Technavio’s lead industry analysts for construction research.

“The cost price of shower heads is also a key concern for end-users in this market. Basic shower heads are the most economical type of shower heads available. The purchase price of a shower head can be as low as USD 50, which is nearly 30% cheaper than that of a bathtub. Further, since these shower heads are small in size and suitable for small to medium-sized bathrooms it reduces the size of plumbing systems, thus decreasing the overall cost of construction,” added Soumya.

Global shower head and panel market by geography 2015

APAC   22%
America   47%
EMEA   31%

Source: Technavio research

Americas: largest region for the global shower panels and heads market

The US government and the country in general has been focusing on conservation of water over the last decade. To this end, the EP Act of 1992 was amended in 2011 to enforce a limit on the amount and flow speed of water for bathing. It has impacted the way vendors manufacture shower panels for controlling water flow. In order to promote sales, US-based shower manufacturers are expected to innovate with new manufacturing techniques for shower heads over the forecast period. There are many residential and high-rise projects that are also expected to be completed during the forecast period. It is expected to largely drive the shower panels and heads market in the region until 2020. Our research predicts, the shower head and panel market in the Americas to grow at a CAGR of close to 4% in terms of revenue generated from sales until 2020.

EMEA: second largest region for the global shower panels and heads market

In EMEA, African countries are emerging as the key contributors for the shower panel and heads market. As the African continent is becoming one of the key potential markets for construction activities, residential construction is gradually growing, thanks to which, affordable housing is witnessing a burgeoning demand in the region.

Bathtubs are often used together with shower heads, but the demand for shower panels in Europe is still limited because of a strong demand for bathtubs. Thus, tubs are posing as a major challenge for this market.

Global shower panels and heads market in APAC

The construction market in several countries in APAC are witnessing a double-digit growth rate. The region has also emerged as the location of some of the fastest growing and emerging markets in the world, such as China, India, Indonesia, Malaysia, and Vietnam. These countries are expected to present a significant opportunity for shower panels and heads manufacturers until 2020.

To remain abreast of other emerging economies of the world, these countries are investing heavily in the development of infrastructure. For instance, in 2014, China made plans to invest close to USD 300 billion in the construction of new infrastructure projects until 2020. Our research shows, these trends will significantly improve revenues for the overall shower panels and heads market during the forecast period.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

According to the latest market research report by Technavio, the global shower panels and heads market is expected to grow at a CAGR of close to 6% by 2020.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com