The growing construction of smart homes and smart bathrooms can be attributed to an increasing number of consumers showing a preference for a spa-like experience at home. The digital faucet running on the sensor serves as a means of saving water and energy through various functions such as faucet flow reduction, digital temperature control Settings, contactless technology, infrared faucet technology and timing Settings.
The COVID-19 pandemic has shaken every sector across the globe, and the hotel industry is among the hardest hit. As a result of the travel ban and blockade, markets in the commercial sector have been affected. The overall travel business has experienced a significant decline as the ongoing pandemic and weak economy have caused continued health problems for many small companies. As the disease prevails and economic uncertainty remains, there is a significant reduction in business travel (in terms of both trips and expenditure) as compared to pre-COVID-19 times. Reduced travels have affected the travel and hospitality industry immensely, thereby affecting the market.
The commercial sector is expected to be the largest and fastest growing in the coming years. Many players offer premium and luxury faucets designed specifically for the commercial sector. Moen Incorporated offers a wide variety of taps for the commercial sector and some of the latest innovations include M-Power, M-Dura, M-Press, and M-Bition. Similarly, Delta Faucet Company offers innovative commercial faucets for the hospitality sector.
Faucets from companies like Franke Kitchen Systems come with a complete set that switches between needle and full water and can rotate 360 degrees. The Franca Triple in One faucet is designed to provide cold, hot and distilled water, ensuring that the kitchen is using pure water at the right temperature.