Smart Soap Dispenser Market

The global smart soap dispenser market is estimated to grow at a compound annual growth rate of more than 8% during the forecast period 2021-2027. 

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. 

Segmentation Overview of the Global Smart Soap Dispenser Market 

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 Installation

• Countertop
• Wall Mounted

By Refill Technology

• Liquid
• Foam
• Spray

By Sensor

• Radar-based
• Photo
• Passive Infrared

By Distribution Channel

• Online Stores
• Offline Stores
  • Hypermarkets/Supermarkets
  • Independent Retailers
  • Pharmacies & Drug Stores
  • Cash & Carry Stores
  • Departmental Stores
  • Convenience Stores

By Price Range

• Premium Prices
• Medium Prices
• Low Prices

By End-User

• Residential
• Commercial
• Healthcare
• Hospitality
• Corporate Spaces
• Education
• Government & Defence
• Industrial
• Others

Regional Overview of the Global Smart Soap Dispenser Market 

The global smart soap dispenser industry is categorized into:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

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. 

Competitive Scenario of the Smart Soap Dispenser Market

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. 

Key Findings of the Global Smart Soap Dispenser Market

• North America dominated the global marketplace with the highest market share and is anticipated to maintain the dominance over the forecast period, owing to increasing demand for automatic restroom gadgets by the middle-class and high-class income group in the US and Canada majorly.
• Hypermarkets/Supermarkets hold the highest share in the distribution channel and are anticipated to show rapid growth in the global marketplace owing to ease of distribution and their wide presence across the regions.
• The liquid soap dispensers are holding a high market share, owing to major demand from commercial set-ups due to the easy-to-use and high compatibility with other segments under the refill technology.