Published on 27 Mar 2023 on Insider Monkey via Yahoo Finance

16 Biggest Plumbing Companies in the World

In this piece, we will take a look at the 16 biggest plumbing companies in the world. For more plumbing companies, head on over to 5 Biggest Plumbing Companies in the World.

Plumbing is one of the most important industries in the world. This is due to the simple fact that human health and living standards have massively improved as time has progressed, and at the heart of this improvement is sanitation and waste management since it is crucial to prevent the outbreak of diseases.

At the same time, plumbing has also allowed humans to live in regions that were previously uninhabitable. The ability to use hot water is one of the most important inventions of modern day society since it enables populations living in harsh climates to maintain their hygiene. Therefore, the plumbing industry itself is worth billions of dollars. On this front, a research report from Global Industry Analysts estimates that the global plumbing fixtures and fittings market was worth $81.8 billion in 2020. From this, it will grow at a compounded annual growth rate (CAGR) of 4.4% to sit at roughly $111 billion by the end of 2027. According to the research firm, within this market, the kitchen sink and fixtures market will outpace the broader market by growing at a 5.1% while the bathroom fixtures segment will follow the market by growing at 4.5%.