Water-saving plumbing products are plumbing fixtures that use significantly less water than conventional fixtures. Water-saving plumbing products reduce the consumption of water by 20% as compared to conventional plumbing products. The wide range of water-saving plumbing products available in the market includes low-flow toilets, low-flow showerheads, low-flow urinals, and low-flow faucets. Water saving plumbing products play a significant role in the conservation of water and the environment.This growth is primarily driven by Stringent Government Standards and Regulations regarding the Flow Rate of Plumbing Products and Rising Sell of Water-saving Plumbing Products through E-commerce Websites and Other Online Distribution Channels.
Globally, a noticeable market trend is evident Rising trend of Installing Water Saving Efficient Products such as Aerated Showerheads and Flow Limiting Devices. Major Manufacturers, such as Bradley Corporation (United States), Elkay Manufacturing Company (United States), Globe Union Industrial Corp. (Taiwan), Hansgrohe SE (Germany), Kohler Co. (United States), Lixil Group Corporation (Japan), Masco Corporation (United States), Roca (Spain), TOTO LTD. (United States), Grohe (Germany), Edincare Pumps (United Kingdom) and Geberit (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In June 2020, Globe Union Industrial Corporation Board announced on June 17th an agreement for a new overseas Joint Venture with Thai-Kin Co., Ltd. Total of USD 28 Million will be invested by both parties to build a manufacturing facility for kitchen and bathroom faucets, based out of Chonburi, Thailand; the current home of Thai-Kin. Globe Union will hold 51% of the Joint Venture company, and Thai-Kin will hold 49% shares.
- Stringent Government Standards and Regulations regarding the Flow Rate of Plumbing Products
- Rising Sell of Water-saving Plumbing Products through E-commerce Websites and Other Online Distribution Channels
- Rising trend of Installing Water Saving Efficient Products such as Aerated Showerheads and Flow Limiting Devices
- Complexity Associated with the Plumbing Product Maintenance
Increasing New Construction Projects in the Developing Economies and Growing Focus on Reducing Environmental Impacts of Construction Activities
Lack of Awareness in Underdeveloped Countries and Fluctuating Raw Material Prices
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