Flushing System Market to Grow at 2.5% CAGR by 2030
Constant advancement in technology followed by the growth in government initiatives to promote sanitation in developing economies is expected to drive the growth of Flushing System industry during the forecast period.
The Flushing System Market is expected to grow at a CAGR of 2.5% from 2020-2030, according to a new research report by Next Move Strategy Consulting
Flushing systems are the integral part of rest rooms as it helps in maintaining the hygiene by flushing the waste matter. The flushing system consists of various components such as water tank, sensors, mechanical components and others. These systems help in effective disposal of waste with limited water consumption. This system generally uses water for waste disposal. However, recent advancements have led to the innovation of waterless flushing system capable of disposing the waste through vacuum. Automated flushing system is also another option available in the market that has gained popularity in recent times.
According to the report, constant advancement in technology along with development of new infrastructure are the major factors driving the market growth. There has been a significant growth in consumer awareness regarding toilet hygiene. Following this, government in many countries have taken initiatives to promote hygiene in public places and making more public toilets. This has led to the higher adoption flushing systems. Additionally, rising demand for waterless and automated flushing systems owing to the growth in water conservation needs are also expected to contribute market growth. Moreover, market trends such as growing demand for touch-less & self-cleaning flushing systems are likely to bring change in the market landscape.
However, scarcity of water leading to the open defecation in some parts of developing economies along with low income level to opt for sophisticated waterless flushing systems are likely to impede the market growth. Moreover, increasing urbanization and growth in automated restrooms are anticipated to provide numerous opportunities to the market players in the coming few years.
On the basis of types, the flushing system market share is segmented Gravity Flush, Dual Flush, Pressure-assisted Flush, Tornado Flush, and Others. Gravity Flush dominates the global flushing system market and will be dominant during the forecasted period.
On the basis of technology, the flushing system market is categorised into Manual, Sensors, Remote Control, and Waterless Flushing. Sensors segment is expected to develop significantly owing to the growth in automation and is expected to dominate the market growth.
On the basis of installation type, the flushing system market is classified into Surface Flush, Rear Wall Mounting, and Others. Rear Wall Mounting segments show significant growth rate and likely to dominate market growth over the forecast period.
On the basis of end user, the flushing system market is bifurcated into residential and commercial. Residential segment accounts for the maximum market share and dominate the market growth during forecast period.
North America accounts for the highest market size & share of the flushing system market in the forecast period, owing to the technological advancement. In addition, high consumer awareness about hygiene along with presence of developed infrastructure in the region is expected to enhance the market growth. Europe holds the second leading position in the flushing system market in terms of its market size. Asia Pacific is expected to be the fastest developing region in the flushing system market, majorly driven by the growth in government initiatives to create awareness about hygiene & sanitation. Moreover, growth in construction industry along with rapid urbanization is also expected to fuel the market growth.
According to the report, some the key players in the flushing system market are Alcaplast, s.r.o., Grohe Limited, Gaberit AG, COTTO, Roca Sanitario, S.A., TOTO Ltd., Kazema General Trading LLC, Wirquin, SCHELL GmbH & Co. KG, and Sanipex Group.
Browse key industry insights from the report, “https://www.nextmsc.com/report/flushing-systems-market” in detail along with the table of contents:
Key Insights from the Flushing System Market Report:
- Asia Pacific is the fastest growing region in the Flushing System market owing to the rapid growth in construction industry along with government initiatives to promote sanitation.
- The sensors segment dominates the market in terms of technology and is expected to grow at a significant CAGR to maintain the lead till 2030.
- Some of the major players in the market are Alcaplast, s.r.o., Grohe Limited, Gaberit AG, COTTO, Roca Sanitario, S.A., TOTO Ltd., Kazema General Trading LLC, Wirquin, SCHELL GmbH & Co. KG, and Sanipex Group.
The report Flushing System market – segmented by type, technology, installation type, end user, and geography
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