Water Softeners Market to Cross $11 billion by 2025
Rising
awareness among the consumers regarding advantages of soft water coupled with
rapid growth of the global residential sector are the prime factors, which will
boost the demand for water softeners globally.
According to a recently
released TechSci Research report, “Global
Water Softeners Market By Type, By End Use, By Region, Competition
Forecast and Opportunities, 2025”, global water softeners market is anticipated to cross $11
billion mark by the end of 2025, on account of increasing urbanization and
industrialization. On the basis of types, water softeners market is segmented
into two categories: Salt based and salt free water softeners. Salt based water
softeners dominates the water softeners market and accounted for a value share
of around 90.58% in global water softeners market in 2015. Salt based water
softeners are widely used in various downstream applications due to its
comparative low prices, easy availability and high efficiency in reduction of
scale formation in water tanks, boilers, pipes etc. Growing industrial sector and
rapid growth of manufacturing industries is fuelling the demands for soft water
for various purposes such as product manufacturing, cleaning, steam generation,
etc., which is expected to positively push the consumption of water softener
instruments in various downstream application.
Browse 7 market data Tables and 106 Figures
spread through 180 Pages and an in-depth TOC on "Global Water Softeners Market
"
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Strong demand for
water softeners is emanating from residential apartments, food & beverages,
offices, universities, 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 of the global water softeners market. Globally, the
number of service apartments increased by around 18.2%, during 2014-2015 and are
projected to grow with similar pace during forecast period; consequently, steering
the application of water softening instruments in the residential sector.
Moreover, increasing awareness among the consumers regarding the advantages of
soft water on human health, cleaning, and for domestic use is positively
impacting the sales of water softeners equipment globally. Industrial and
commercial sectors are the other fastest growing end use segments of the water
softeners market. Robust growth of the industrial sector and growing
urbanization has raised concerns among the consumers and the government regarding
environmental pollution, which drives the installation of large number of water
and wastewater treatment plants in order to reuse the water resources and to meet
the safety standards for water discharge from various industries. Global waste
water recycling solutions market generated around US$185 billion revenue in
2014, and is expected to continue its growth at a high growth rate in the
coming years, which in turn will strengthen the growth of global water
softeners market in the forecast period.
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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. North
America water softeners market is projected to grow with a magnificent CAGR,
due to high awareness among consumers in the region regarding benefits of soft
water coupled with launch of innovative water softening instruments such as Wi-Fi
enabled water softeners. These advanced instruments would further help the
consumers to operate their home electric appliances using portable phones,
tablets, etc., and aid the sales of water softening instruments in North
America. However, the fastest growth in the global water softeners market is
projected to be exhibited by Asia-Pacific region, which is a rapidly emerging
market for water softeners on account of strong economic growth, rising
manufacturing industries and increasing foreign direct investments in
commercial and residential infrastructure fuelling the demand for water
softeners 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, 2025” 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 evaluation. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities in global
water softeners market.
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