India Water Softeners Market to Grow at CAGR 15% through 2026
Growing
awareness regarding importance of soft water, coupled with growing industrial
and commercial sectors to drive water softeners market in India through 2026
According to TechSci Research
report, “India Water Softeners Market By Type, By End Use Sector, Competition
Forecast & Opportunities, 2012 – 2026”, water softeners market in
India is projected to exhibit a CAGR of more than 15% during
2017 – 2026. Growth in municipal sector water
treatment, growing chemical industry and surging use of water softeners in the residential
sector are anticipated to drive the market during the forecast period. Continuing
growth in the country’s power sector is also one of the major factors driving demand for water softeners in the
industrial segment. The country is planning to add 600GW to 1,200GW of new
power generation capacity by 2050. Another crucial factor fuelling demand for water
softeners is surging residential and commercial space demand, which is increasing
at a rapid rate due to rising urbanization and expanding population, which
reached 1.3 billion in 2015.
Browse 9 market data Tables and 21 Figures
spread through 77 Pages and an in-depth TOC on "India Water Softeners Market"
https://www.techsciresearch.com/report/india-water-softeners-market-by-type-salt-based-and-salt-free-by-end-use-sector-commercial-industrial-and-residential-competition-forecast-opportunities/951.html
In 2016, commercial end use sector captured a majority
share in the market due to increasing construction activities like hotels,
restaurants and townships that use water softeners. With anticipated growth in
the commercial sector, demand for water softeners is expected to rise in the
coming years. Industrial
sector garnered the second largest share, followed by the residential sector,
due to increasing use of water softeners to prevent damage to equipment and
growing awareness among people regarding harmful effects of hardwater,
respectively. In terms of region, southern region of the country leads the
market on account of presence of major chemical, fertilizer, oil and gas and paper industries.
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Few of the major water softener providers operating in
the country include Ion Exchange, Thermax, Bluebird, and Acquionics. “As an
increasing number of consumers are becoming aware regarding importance of soft
water, demand for water softeners is expected to rise in India in the coming
years. Salt based water softeners are expected to witness a marginal decline in
their market share, however, their dominance is expected continue during the
forecast period.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“India Water Softeners Market By Type, By End Use Sector, Competition
Forecast & Opportunities, 2012 – 2026” has evaluated the future
growth potential of India water softeners market
and provides
statistics and information on market size, structure and market trends. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment evaluation. Besides, the report also identifies
and analyzes the emerging trends along
with essential drivers, challenges and opportunities in the India water softeners market.
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