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Global Smart Toilet Market Trends

The global smart toilet market was worth USD 4.93 Billion in 2020 and is further projected to reach USD 6.78 Billion by 2027, at a CAGR of 5.0% during 2021-2027 (forecast period).

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Global Smart Toilet Market Trends

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  1. Global Smart Toilet Market

  2. A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global smart toilet market was worth USD 4.93billion in the year 2020. Furthermore, it is estimated to grow at a CAGR of 5.0%, earning revenue of around USD 6.78 billion by the end of 2027. The factors driving the global smart toilet are the rising demand for hygienic sanitary products, the changing lifestyle of consumers, along with the growing global water conservation awareness. These factors are encouraging the industry players to come up with technologically advanced smart toilets, which are driving the market growth. Furthermore, smart toilets have become an integral part of smart homes, particularly in Western countries such as Europe and North America. This factor is also boosting the demand for smart toilets, globally. Technological Advancements Propelling the Growth of the Global Smart Toilet Market IoT technology and voice-activated equipment is becoming more prevalent in the industry. Industry players are consistently integrating different cutting-edge hygiene technologies, such as Bluetooth connectivity, UV lighting, auto open seat covers, auto flush, and much more, to provide a better washroom experience to users.

  3. Competitive Landscape The leading players in the global smart toilet market are LIXIL Group Corporation (DXV American Standard), Geberit AG, Roca Sanitario S.A., Caroma Industries Limited, Toto Ltd., Ove Decors, Villeroy, and other prominent players. All these key players are highly competitive and are constantly on edge to update their products with new features. These advancements are not limited to automated set-ups; they also include user entertainment to enhance their experience. For instance, in CES 2020, Shine Bathroom introduced a very environmentally-sound innovation in the smart toilet market. Their product is capable of self- producing electrolyzed water to eliminate the use of chemicals to clean the pot. It's also equipped with technology that can detect leaks and send out an alert. These technical advances become a major source of limitation for new entrants. Because of these features, every brand or company is investing huge sums of money into research and development to advance their smart toilets and make a USP (Unique Selling Point) for themselves. Read More:https://www.blueweaveconsulting.com/global-smart-toilet- market/report-sample

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