The electronic soap dispenser market was valued at USD 1,063.2 million in 2022 and is projected to reach USD 1,958.61 million by 2032, with a CAGR of 6.3% during this period. This growth is driven by the increasing demand for automatic faucets and smart bathroom products, leading to a surge in key trends and opportunities within the electronic soap dispenser market.
Increasing hygiene concerns in developing countries like Brazil, China, India, Indonesia, Thailand, and South Africa are expected to enhance the utility of electronic soap dispensers, positively impacting future market trends.
Heightened awareness of the importance of hand hygiene is anticipated to drive demand for electronic soap dispensers, accelerating adoption rates. These dispensers utilize sensor technology to detect the presence of an external object, automatically dispensing liquid or foam soap.
With its touchless, germ-free, and skin-safe features, electronic soap dispensers are gaining popularity in commercial and institutional sectors, driving their adoption. This technology is designed to ensure maximum hygiene while delivering a precise amount of liquid soap, enhancing dispenser efficiency and minimizing waste. As a result, this trend is boosting opportunities within the electronic soap dispenser market.
Additionally, increasing sanitation initiatives by various governments have indirectly supported the growth of the electronic soap dispenser market in recent years. Poor hygiene practices can lead to serious stomach diseases, prompting governments and healthcare organizations to collaborate on initiatives aimed at combating these health issues, thereby creating key trends and opportunities in the electronic soap dispenser market.
KEY TAKEAWAYS:
- For the product type category, the steel segment leads the electronic soap dispenser market, expanding at a CAGR of 6.6% during the forecast period.
- In 2022, the steel segment will command 34.4% of the electronic soap dispenser market share in the electronic soap dispenser market for the product type category.
- By application, the commercial segment is expected to dominate the electronic soap dispenser market, expanding at a CAGR of 6.1% during the forecast period.
- By 2028, the commercial segment is expected to have an electronic soap dispenser market share of 67.0% of the electronic soap dispenser market by application.
- For the sales channel category, the direct sales segment leads the electronic soap dispenser market, expanding at a CAGR of 6.9% during the forecast period.
- In 2028, the Indirect Sales segment for the sales channel category, will be accounting for 82.7% of electronic soap dispenser market share.
- South Asia dominated the electronic soap dispenser market, which grew at a CAGR of 10.3% during the forecast period.
- South Asia had the largest electronic soap dispenser market in 2028, accounting for 20.8% of the electronic soap dispenser market share.
COMPETITIVE LANDSCAPE:
Toto Ltd., American Specialties, Inc., Umbra, Simplehuman, Orchids International, Toshi Automatic Systems Pvt. Ltd., Lovair, Bobrick Washroom Equipment, Inc., Shenzhen City Svavo Bathroom Products Co., Ltd., And Zaf Enterprises are among the major electronic soap dispenser market players. Product development has been one of many companies’ primary competitive strategies.
Recent Development:
Launch:
- Shenzhen SVAVO Intelligent Technology Co. Ltd. launched the tabletop touchless foaming soap dispenser V-370 in March 2019. It is intended for use in bathrooms, kitchens, and laundry rooms and is available in three colours: black, white, and nickel.
- Cannon Hygiene Limited launched the Imagine Range of washroom dispensers in April 2016. These are automatic antibacterial soap dispensers that do not contain any volatile organic compounds (VOCs).
Introduction:
- Due to the rising consumer demand for luxury and convenience home accessories, PerPik Company introduced a new premium quality touch-free electric soap dispenser for kitchen and bathroom sinks in November 2018.
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Key Segments
By Product type:
- Plastic
- Steel
- Others
By Application:
- Commercial
- Residential
By Sales Channel:
- Direct Sales
- Indirect Sales
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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