March 19, 2020

Water Softeners Market to Cross $ 11 Billion Mark by 2024

Rising concerns regarding consumption of safe water coupled with increasing water scarcity in different parts of the world to drive global water softeners market through 2024

According to a recently released TechSci Research report, “Global Water Softeners Market By Type, By End Use, By Region, Competition Forecast and Opportunities, 2024”, global water softeners market is anticipated to cross $ 11 billion by the end of 2024, on account of increasing urbanization and industrialization. Moreover, fast growth of manufacturing industries and industrial sector is propelling demand for soft water in various segments such as product manufacturing, steam generation, cleaning, etc., which is expected to further strengthen the growth of water softeners market globally. Based on the type of water softeners, the market is segmented into salt based and salt free water softeners. Salt based water softeners dominates global water softeners market and accounted for a value share of around 86% in 2018. These water softeners are used in a wide array of downstream applications due to their comparatively lower prices, easy availability and high efficiency in reduction of scale formation in water tanks, boilers, pipes etc.

Browse 7 market data Tables and 94 Figures spread through 180 Pages and an in-depth TOC on "Global Water Softeners Market "

Major demand for water softeners is emerging from residential apartments, offices, universities, food & beverages, pharmaceuticals, water and wastewater treatments plants. On the basis of end use application, water softeners market is segmented into residential, industrial and commercial sectors. Residential sector is the largest end use segment in global water softeners market on account of rising number of service apartments globally. In addition, growing consumer awareness regarding the advantages of soft water in cleaning, human health, and for domestic use is positively impacting the sales of water softeners equipment across the globe. Demand for water softeners is also likely to increase in commercial and industrial sectors. Robust growth of industrial sector and growing urbanization has raised concerns among consumers and governments regarding environmental pollution, which has resulted in introduction of a large number of wastewater and water treatment plants in order to reuse the water resources and to meet the safety standards for water discharge from various industries.

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“North America controls the largest share of global water softeners market on the back of increasing technological advancements and rising applications of advanced water softening instruments in residential, commercial and industrial sectors in the region. Moreover, high awareness among consumers regarding benefits of soft water coupled with launch of advanced water softening equipment such as Wi-Fi enabled water softeners is further pushing demand for water softeners in North America. However, Asia-Pacific water softener market is likely to witness the fastest growth on account of rapid growth of manufacturing sector, strong economic growth, and relaxation in the foreign direct investments in commercial and residential infrastructure in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Water Softeners Market By Type, By End Use, By Region, Competition Forecast and Opportunities, 2024” has evaluated the future growth potential of global water softeners market, and provides statistics and information on market size, share, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global water softeners market.

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Source: TechSci Research