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Construction Tech Review | Monday, August 14, 2023
Plumbing industry trends are primarily based on smart technology, water efficiency, and environmental friendliness.
FREMONT, CA: There may be persistent issues with product and labor availability in the residential plumbing industry, but that doesn't mean there isn't plenty of room for growth. According to the 2021 North American Plumbing Fittings Market Study, prepared by Grand View Research, the market for plumbing fixtures concluded 2020 with a value of $22.4 billion and is projected to expand at a 7.5 percent CAGR from 2021 to 2028. The report attributes this development to increasing residential buildings, hotels, restaurants, airport construction projects, and the growing need for updated bathrooms and kitchens.
Additionally, regular service calls have grown, according to residential plumbers.
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Smart Plumbing Systems and Fixtures
The evolution of plumbing technology enables users to monitor water consumption, determine temperature levels, receive leakage warnings, and obtain insight into comprehensive data analytics.
In addition, the following are becoming typical in the construction of homes and businesses:
Smart toilets: Smart toilets have sophisticated sensor technology that enables automatic cleaning, disinfection, heated seats, and flushing. This market continues to expand from year to year.
Smart water heaters: Smart water heaters can provide your home with hot water only when needed and turn it off when it is not. This is achieved by measuring your habits of hot water consumption. They conserve energy and identify leaks. A smart water heater can save approximately $200 annually on energy costs.
Touchless faucets and sinks: These fixtures utilize less water and limit the transmission of bacteria and germs. That is also more practical.
Leak detectors: Around 1 in 50 households each year submit a claim for water damage. A leak detection system monitors the pipeline's water flow. If it detects a leak, it can close a valve automatically.
Skilled Labor and Materials Shortage
Like many crafts during the pandemic, there is a lack of employees and building materials, leading to higher consumer pricing.
In a competitive market, it is essential to employ the most qualified candidates. Also, exploring alternate materials can benefit your organization.
Green Friendly Plumbing
Environmentally responsible plumbing practices are gaining popularity. This involves installing greywater systems for irrigation and toilet flushing and using renewable energy sources for water heating.
Greywater recycling is the reuse of lightly soiled, previously used water that is safe and environmentally beneficial.
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