Global Water Softeners Market Report 2019: Competition Forecast & Major Opportunities (2014-2024) - ResearchAndMarkets.com

DUBLIN--()--The "Global Water Softeners Market By Type (Salt Based Water Softeners & Salt Free Water Softeners), By Application (Residential, Industrial & Commercial), By Region, Competition Forecast and Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.

  • Historical Years: 2011-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

The global water softeners market was valued at $ 7.67 billion in 2018 and is projected to reach $ 11.02 billion by 2024, exhibiting a CAGR of 6.32% during 2019-2024.

Objective of the Study

  • To analyze and forecast the market size of the global water softeners market.
  • To forecast the global water softeners market based on type, end-use, and regional distribution.
  • 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 conduct pricing analysis for the global water softeners market.
  • To identify and analyze the profile of leading players involved in the manufacturing of water softeners.

The growing demand for safe & freshwater for both residential and commercial purposes coupled with increasing consumer awareness towards the consumption of same is expected to drive the water softeners market. As per the UN water statistics, the percentage of increase in water withdrawals is estimated to be over 50% and 18% in developing and developed countries, respectively by 2025.

Water softeners are equipment/devices designed to reduce water hardening salts such as magnesium, manganese, calcium, and other metal elements in the water resources. These waters softening equipment are broadly used in different end-use applications such as colleges, hospitals, laundries, hotels, boiler feedwater, groundwater remediation, and others.

Growing water scarcity along with rapidly growing population and decreasing levels of safe water for human consumption are some of the primary drivers that are significantly contributing to the increased sales of water softeners globally. According to UN Water data, 4 countries in the world have water stress above 100% and approximately 32 countries are experiencing water threat between 25-70%.

Moreover, growing consumer awareness regarding the significance of soft water utilization for reducing scale formation in cleaning, textile, food & beverages, concrete manufacturing and other industries is driving the demand for water softeners in various downstream applications. The residential sector is the largest end-use application segment for the water softeners market globally. An increasing number of new residential construction projects around the world is further expected to strengthen the demand for water softeners in the residential sector.

Expanding commercialization in residential infrastructure is generating a huge demand for soft water as well as water softening instruments. Increasing construction of service apartments, globally, over the past five years have also significantly contributed to the growth of the water softeners market.

Asia-Pacific is anticipated to be the fastest growing regional market for water softeners owing to increasing regional population and decreasing availability of safe water in the region. China, India, and Southeast Asian nations are among the major contributors to the growing demand for water softeners in the region.

Some of the leading players in the global water softeners market are Culligan International Company, EcoWater Systems LLC., BWT AG, Pentair Residential Filtration LLC., and Canature Environmental Products Co., Ltd. Other major players in water softeners market include GE Appliances, 3M Company, A.O. Smith Water Technologies, Whirlpool Corporation, Axel Johnson Inc., and others.

Key Topics Covered

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Water Softeners Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value

4.2. Market Share & Forecast

4.2.1. By Type (Salt Based Water Softeners & Salt Free Water Softeners)

4.2.2. By Application (Residential, Commercial and Industrial)

4.2.3. By Region

4.2.4. By Company

4.3. Global Water Softeners Market Attractiveness Index Analysis

4.4. Global Water Softeners Market BPS Analysis

5. Global Water Softeners Market Regional Analysis

5.1. Market Size and Forecast

5.1.1. By Value

5.2. Market Share and Forecast

5.2.1. By Type (Salt-based, Salt Free)

5.2.2. By Application (Residential, Industrial, Commercial)

5.2.3. By Company

5.2.4. By Region

5.3. Market Attractive Index

6. North America Water Softeners Market Outlook

7. Europe Water Softeners Market Outlook

8. Asia-Pacific Water Softeners Market Outlook

9. South America Water Softeners Market Outlook

10. Middle East & Africa Water Softeners Market Outlook

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends and Developments

12.1. Mergers & Acquisitions

12.2. New Product Launches

12.3. Smart Softeners

12.4. Pickup in Residential Sector

12.5. Increasing Trend Towards Use of Automatic Softeners

12.6. Market Expansions

12.7. Strong Emphasis on Certifications

12.8. Increasing preference towards metered systems instead of time-based systems

13. Competitive Landscape

13.1. Competitive Benchmarking

13.2. Company Profiles

13.2.1. Pentair Residential Filtration, LLC

13.2.2. Culligan International Company

13.2.3. BWT AG (Best Water Technology AG)

13.2.4. Canature Environmental Products Co. Ltd.

13.2.5. EcoWater Systems LLC

13.2.6. A.O. Smith Water Technologies

13.2.7. Whirlpool Corporation

13.2.8. GE Appliances

13.2.9. 3M Company

13.2.10. Axel Johnson Inc. (AJI)

For more information about this report visit https://www.researchandmarkets.com/r/y30cjs

Contacts

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900