Sanitary Components Market
The global market is mainly driven by the increasing development of infrastructure, including water supply and sewage systems.
SHERIDAN, WYOMING, UNITED STATES, July 24, 2023 /EINPresswire.com/ — How big is the plumbing components market? :
In the latest IMARC Group report, titled Sanitary Components Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, the global sanitary components market size reached US$59.98 billion in 2022. Looking ahead, IMARC Group expects the market to reach $82.15 billion by 2028, which is growing at a growth rate (CAGR) of 5.47% in 2023-2028.
What is a plumbing component? :
A plumbing component is an essential element that forms the backbone of a building’s water distribution and drainage systems. These components include pipes, fittings, valves, faucets, fittings, and pumps that work in harmony to ensure the efficient flow and control of water and other fluids. Pipes carry water from the source to various outlets, while fittings ensure secure connections. Valves regulate water flow, faucets control water delivery, and fixtures such as toilets and sinks facilitate water use. Pumps help maintain water pressure. Plumbing components are vital to maintaining proper hygiene, comfort and functionality in residential, commercial and industrial environments, making them an integral part of modern life.
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Who are the major players in the industry? :
• Central States Industrial Equipment and Service Inc.
• Finolex Industries Limited
• McWane Inc.
• Morris Group International Inc.
• Mueller Industries Inc.
• Nupi Industrie Italiane SpA
• Reliance Worldwide Corporation Limited
• Tiger USA Inc.
• Turnkey Industrial Tubing and Supply Inc.
• Uponor Oyj
• Westlake Pipe & Fittings Corporation (Westlake Corporation)
What are the growth prospects and trends in the sanitary components industry? :
The global market is mainly driven by the increasing development of infrastructure, including water supply and sewage systems. Accordingly, rapid urbanization has led to increased construction activity and the need for modern plumbing systems in residential and commercial buildings, which has contributed significantly to product demand. In addition, the growing world population leads to higher demand for housing and infrastructure, which further boosts the market for sanitary components.
In addition, the growing awareness of water scarcity and sustainability has led to the introduction of water-saving sanitary components and boosted the market for eco-friendly products. In addition, modernization and renovation projects in existing buildings often require the replacement of outdated plumbing components, which accelerates market growth. In addition, the innovative plumbing components with enhanced features, such as smart faucets and water-saving faucets, attract consumers and drive the market forward. Additionally, the building codes and regulations that mandate certain plumbing components, particularly those related to safety and water conservation, are also contributing to the market expansion.
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What is included in the market segmentation? :
Product Insights:
• fittings
• Distributor
• Pipes
• valves
Application Insights:
• Bathtubs
• Shower heads
• water taps
• Other
Insights into the sales channels:
• Online
• Offline
End user insights:
• Residential
• Non-residential buildings
Breakdown by region:
• North America (USA, Canada)
• Europe (Germany, France, UK, Italy, Spain, Other)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Main highlights of the report:
• Market performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Comprehensive mapping of the competitive landscape
Note: If you require specific information that is not currently in scope for the report, we can provide it as part of the customization.
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About Us:
IMARC Group is a leading market research company providing management strategies and market research worldwide. We work with clients across industries and geographies to identify their biggest opportunities, address their biggest challenges, and transform their businesses.
IMARC Group’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology companies. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.
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IMARC Services Private Limited
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