DUBLIN--(BUSINESS WIRE)--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
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)
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