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The global smart soap dispenser market is estimated to grow at a compound annual growth rate of more than 8.6% during the forecast period 2023-2027.
In the long-term, the market growth is attributed to substantial growth of the hospitality and real estate industry across the globe, increasing trend of smart homes—focusing on smart restrooms and washrooms— majorly in developed nations, growth of the IoT industry, and others.
In the short term, the market has witnessed a sudden spike in the revenue generation trend, owing to the Covid-19 outbreak. Due to the highly infectious nature of the pandemic, hand hygiene has been practiced aggressively globally, hence created a surge in demand for smart soap dispensers to curb the infection that can possibly be transferred through dispensers, taps, and other common touching objects. Also, awareness programs at the country and international level further contributed to the growth of smart soap dispensers.
The smart soap dispenser industry is categorized on the basis of various segments such as installation, refill technology, sensor, distribution channel, price range, and end-user. These segments are further categorized to study the market in detail. The detailed segmentation of the market is as:
By Refill Technology
By Distribution Channel
By Price Range
The global smart soap dispenser industry is categorized into:
North America dominated the global marketplace, while the Asia Pacific is anticipated to witness significant growth over the forecast period based upon high population base—increases the customer base easily for companies, growth in the development of smart homes, a shift in demand towards aesthetic and convenient products and rising disposable income in countries like China, India, and Japan.
American Specialities Inc., Askon Hygiene Products Pvt., Bobrick Washroom Equipment, Inc., Hokwang Industries Co., Kutol Products Company, Liberty Industries, Lovair, Marc Systems, Shenzhen City Itas In-Tech Sanitary Wares, Sloan Valve Company, Shenzhen Svavo Intelligent Technology (SVAVO), ORCHIDS International, Vectair Systems and ZAF Enterprises are some major key players included in the study of the global smart soap dispenser industry. Companies are striving to offer differentiated distribution channels with improves product mix, hence catering to shifting demand and requirements of the customers as per the market need.
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