Global Water Softeners Market By Type By End Use By Region, Competition Forecast and Opportunities, 2016-2030 | TechSci Research
Global water softeners market stood at USD3190.06 million in 2020 and is forecast to grow at a CAGR of over 6.14% until 2030. Water softener is a mechanical appliance or system, which is used to eliminate hardness from hard water by removal of minerals such as calcium and magnesium and other metal ions such as iron. Prevention of lime scaling in water systems is the prime reason for the removal of hardness from water as it causes reduced performance as well as damage to the machinery and equipment. Water softening system is majorly installed at the point of entry (PoE) of water sources in various units.
Global
water softeners market is expected to witness rapid growth over the forecast
period, owing to increasing awareness pertaining to health hazards caused by
hard water across the globe. In addition to this, rising demand for soft water
owing to rapid urbanization and industrialization are proving to be the driving
forces for the market growth. However, high maintenance cost is anticipated to
hinder the market growth over the forecast period. On the flip side, increasing
research and development activities and development of newer more efficient
water softeners are likely to provide potential growth opportunities in the
market over the forecast period.
The
water softeners market is anticipated to grow in the forecast period owing to
driving factors such as growing demands for soft water from municipalities and
industries. Increasing investments in the industrial sector further boost the
market growth. However, alternative water treatment method has had a negative
impact on the water softener market growth. On the other hand, emerging
economies are likely to showcase growth opportunities for the water softeners
market.
Based
on type, the market can be segmented into Salt Based & Template Assisted
Crystallization (TAC), where Salt Based accounted for the larger share in the
market, owing to high efficacy in removing all minerals that make water hard.
Salt-based water softeners have a resin bed which is responsible for filtering
the water through exchanging hard minerals for sodium particles. The rise in
use of salt-based water softeners in residential application drives the growth
of the salt-based water softener market.
Based
on end use, the market can be bifurcated into residential, commercial &
industrial. The residential segment is expected to dominate the market in terms
of volume share over the forecast period owing to its larger consumer base. The
higher price point of the commercial water softeners is expected to witness
substantial value share over the global water softeners market.
Based
on region, North America accounts for the major share in the global water
softeners market due to growth in the industrial sector which is the major
reason for increase in water demand. Prevalence of water-borne diseases in this
region is also generating the demand for water softeners. In addition,
environmental obligations regarding the use of clean water, water recycling,
and reuse also drives the North America water softeners market.
Some
of the major players in the global water softeners market include Pentair plc,
Culligan International Company, A.O. Smith Corporation, Canature Health Technology
Group Co., Ltd., BWT Holding GmbH, Kinetico Incorporated, Whirlpool
Corporation, Axel Johnson Inc., Marlo, Incorporated, GE Appliances, Eco Water
Systems LLC. Major companies are developing advanced technologies and launching
new products to stay competitive in the market. Other competitive strategies
include mergers & acquisitions and new product developments.
Years considered for this
report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022-2030F
- To analyze
the historical growth in the market size of the Global Water Softeners
Market from 2016 to 2020.
- To estimate
and forecast the market size of the Global Water Softeners Market from
2021 to 2030 and growth rate until 2030.
- To classify
and forecast the Global Water Softeners Market based on type,
end use, company and regional distribution.
- To identify
the dominant region or segment in the Global Water Softeners Market.
- To identify
drivers and challenges for the Global Water Softeners Market.
- To examine
competitive developments such as expansions, new product launches, mergers
& acquisitions, etc., in the Global Water Softeners Market.
- To identify
and analyze the profile of leading players operating in the Global
Water Softeners Market.
- To identify
key sustainable strategies adopted by market players in the Global
Water Softeners Market.
Click
here to download the sample
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research was able to include the manufacturers
which could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of the global water softeners market using a bottom-up approach, wherein data for
various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Water softener manufacturers, distributors, and
other stakeholders
- Organizations, forums, and alliances related to
water softeners
- Government bodies such as regulating authorities and
policy makers
- Market research and consulting firms
The study is useful in providing answers to several
critical questions that are important for the industry stakeholders such as
manufacturers, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, the Global Water Softeners Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- Global Water Softeners Market,
By Type:
- Salt Based
- Template Assisted Crystallization
(TAC)
- Global Water Softeners Market, By
End Use:
- Residential
- Commercial
- Industrial
- Global
Water Softeners Market, By Region:
Competitive Landscape:
Company Profiles: Detailed analysis of
the major companies present in the Global Water Softeners Market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
In case you don’t find what you are looking
for, please get in touch with our custom research team at sales@techsciresearch.com
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
sales@techsciresearch.com
Website:
https://www.techsciresearch.com
Comments
Post a Comment