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
"
https://www.techsciresearch.com/report/water-softeners-market/4039.html
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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