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2020-02-26
675
Global
Rising concerns over global climate changes and population levels are increasing the demand for health, hygiene and safety where water treatment plays a vital role. Strong demand for water softeners originating from residential and commercials users, water and wastewater treatments plants to remove the minerals such as calcium and magnesium from hard water is expected to support the growth of global water softener market. Moreover, rising awareness among consumers related with the harmful effects of hard water on appliances and on human health is propelling the sales of water softeners across the globe. Rapid industrialization is directly impacting the quality of water thereby government is now investing into centralized plants for water treatment to improve the quality of water. The demand for water softeners is primarily driven by the introduction of advanced and innovative water softening instruments featured with anti-scaling, Wi-Fi enabled with self-cleaning technology.
Global Water Softener Market is segmented on the following basis:
North America region is accounted for the largest share of global water softeners market in 2016, owing to the rising implementation of advanced water softening instruments in end-use sectors. North America water softener market is projected to grow at a CAGR of 7.0% during the forecast period. Asia-Pacific region is the rapidly budding market for water softeners due to strong economic growth in Asian countries and growing awareness among the consumers regarding the health benefits of soft water usage is positively impacting growth of water softeners in the region. Asia-Pacific region is expected to dominate with 33% share of the global water softener market by the end of 2024, owing to the increasing application of water softener for residential and commercial purposes in developing countries such as China and India.
Based on Water Softener Type
Installation of water softeners reduces the excessive use of detergents and degradation of plumbing systems caused by hard water. These factors are fuelling the demand for water softener across the globe. However, high cost of installation and maintenance inhibiting the adoption of water softener mainly in developing countries. Installation of water softener costs nearly USD 500 to USD 3,000, which is not acceptable by every consumer.
Market Synopsis
Market Segmentation
The Global Water Softener Market is segmented as follows:
By Region
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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