New York US, May 04, 2022 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Smart Bathroom Market” information by Product Type, by Connectivity, by End User and Region – Forecast to 2027” market size to reach USD 9201.6 million, growing at a compound annual growth rate of 12.56% by 2027.
The growing popularity of home improvement projects and bathroom renovations, especially in Western countries, is resulting in various smart bathrooms in both the residential & commercial sectors. Product demand is being driven by increased spending on home remodeling projects or renovations as a result of rising housing & mortgage prices.
Besides the different benefits that smart bathrooms offer such as increased energy efficiency, cost savings, control, convenience, and creation of a flexible environment for disabled & aging users are also boosting market growth.