Thermostatic Faucet Market size is expected to reach USD 11.59 billion by 2028
Thermostatic Faucet Industry Overview The global thermostatic faucet market size was valued at USD 7,676.42 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.29% from 2021 to 2028. The rise in consumer spending and an increasing number of home renovation projects are propelling the demand for thermostatic faucets. On the other hand, the pandemic has led to disruptions in the supply chain leading to reduced product demand. Strict social distancing measures and restrictions on travel have impacted consumer spending and are anticipated to continue for some time. The pandemic has resulted in developers and manufacturers adopting numerous strategies to acquire steady growth over the forecast period. Gather more insights about the market drivers, restrains and growth of the Global Thermostatic Faucet Market The growing residential sector coupled with demand for technologically advanced faucets and changing consum...