Water Softeners Market to Grow at a CAGR of 6.14% until 2030
The water
softener market has been witnessing steady growth from the past few years,
owing to increasing health awareness among the people.
According to
TechSci Research report, “Global
Water Softeners Market By Type (Salt Based & Template Assisted
Crystallization (TAC)), By End Use (Residential, Commercial & Industrial),
By Region, Competition Forecast and Opportunities, 2016-2030”, the global water softeners
market is forecast to grow at a CAGR of 6.14% to reach USD5775 million by 2030.
Growing demand for safe and 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 the UN Water data, four countries in the world
have water stress above 100% and approximately 32 countries are experiencing
water threat between 25-70%.
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The global water softeners market is
segmented based on Type, End Use and Region. In terms of type, the market can
be segmented into Salt Based & Template Assisted Crystallization (TAC),
where salt based is accounted for a large share in the market, owing to high
efficacy in removing all minerals that make water hard. Salt-based water
softeners have a resin bed which is responsible for filtering the water through
exchanging hardness minerals for sodium particles. The rise in use of
salt-based water softeners in residential application drives the growth of the
salt-based water softeners market.
Based on end use, the global water softeners
market is segmented into residential, commercial, and industrial. The
residential segment is expected to dominate in terms of volume share over the
forecast period owing to its larger consumer base. The higher price point of
the commercial water softener is expected to witness substantial value share
over the global water softeners market.
Based on region, North America accounts for the major share in the
global water softeners market due to growth in the industrial sector which is
the major reason for increase in water demand. Prevalence of water-borne
diseases in this region is also generating the need for water softeners. In
addition, environmental obligations regarding the use of clean water, water
recycling, and reuse also drives the North America water softeners market.
Pentair plc,
Culligan International Company, A.O. Smith Corporation, Canature Health
Technology Group Co., Ltd., BWT Holding GmbH, Kinetico Incorporated, Whirlpool
Corporation, Axel Johnson Inc., Marlo, Incorporated, GE Appliances, Eco Water
Systems LLC. are among the leading players operating in the global water softeners market. Companies
operating in the market are using organic strategies, partnerships, and
collaborations to boost their shares in the global water softeners market. Significant
players in the market are concentrating on accomplishing ideal operational
expenses, boosting productivity with high funding in R&D, and merging with
small players to remain competitive in the market.
The use of water
softeners helps to control the consumption of water as soft water reduces the
need for detergents by more than 50%, owing to the absence of minerals that
interact with cleaning products. Similarly, the use of soft water reduces skin
problems which often appears because of the use of hard water for bathing and
cleansing. Soft water also prolongs the life of appliances such as water
heaters, dishwashers, and washing machines. Consumers are increasingly becoming
aware of these benefits associated with water softening products. In addition,
the depletion of freshwater sources is further fueling the demand for water
softeners. These factors are expected to increase the sales of water softeners
during the forecast period.
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“Growing
environmental concerns are encouraging customers, manufacturers, and
governments to look for environmentally friendly and sustainable products. To
cater to this demand, manufacturers are developing technologically advanced
water softening systems which help to reduce water wastage. These systems help
to improve the efficiency of water and salt. These systems help to reduce the
sodium and chloride content in water to increase the efficiency of water in all
its uses. Some manufacturers have introduced regeneration-efficient water
softening systems by using demand-initiated regeneration. This ensures a
reduction in the frequency of product regeneration as well as a reduction in
the sodium and chloride contribution from water softeners. These advanced
technologies are expected to have a positive impact on the market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Global Water Softeners Market
By Type (Salt Based & Template Assisted Crystallization (TAC)), By End Use
(Residential, Commercial & Industrial), By Region, Competition Forecast and
Opportunities, 2016-2030” has evaluated the future
growth potential of water
softener in the global water
softeners market and provides statistics and information on market structure,
size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the global water
softeners market.
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