Worldwide Water Softeners Industry to 2028 - Rise in Urbanization is Driving Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 10, 2021--
The “Water Softeners Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Salt-Based Water Softeners and Salt-Free Water Softeners) and Application (Industrial, Residential, Municipal, and Others)” report has been added to ResearchAndMarkets.com’s offering.
The global water softeners market is expected to grow from US$ 10,255.17 million in 2021 to US$ 13,558.77 million by 2028; it is likely to register a CAGR of 4.1% from 2021 to 2028.
Hard water drastically lowers the life of appliances such as dishwashers, coffee machines, and water heaters due to the build-up of calcium and magnesium. Water softeners help in removing calcium and magnesium ions from hard water and are thus widely used in residential purposes and municipal applications. In addition, rapid urbanization, migration of people from villages and small towns to metropolitan cities, and surge in population in tier 1 and tier 2 cities have created a need for effective water softener systems. According to the United Nations Department of Economic and Social Affairs (UN DESA), the global urban population has increased dramatically from 751 million in 1950 to 4.2 billion in 2018. These factors are driving the demand for soft water for various purposes, which simultaneously translate into a growing need for water softeners.
By type, the global water softeners market is bifurcated into salt-based water softeners and salt-free water softeners. In 2020, the salt-based water softeners segment accounted for a larger revenue share. Salt-based water softeners prevent the scaling of bathroom and kitchen taps, faucets, and fixtures and prevent internal damage and corrosion in water-using equipment such as geysers, washing machines, and dishwashers, thereby extending the life of plumbing systems. Moreover, these protect hair and skin from the damaging impacts of hard water. Salt-based water softeners are expected to witness notable demand in the market owing to their growing application across industrial and residential sectors.
Based on application, the water softeners market is segmented into industrial, residential, municipal, and others. The industrial segment dominated the market in 2020 and is expected to maintain its dominance throughout the forecast period. Water softeners are extensively used across various industries such as food & beverages, manufacturing, chemicals, and oil & gas to prevent interior corrosion in equipment and pipelines and to recycle wastewater. High levels of hardness-causing salts in water can lead to an increase in energy expenditure, failure of industrial equipment, or perhaps cause the system to fail entirely. Water softener systems treat hard water making it suitable for industrial use.
The water softeners market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America (SAM). In 2020, APAC accounted for the largest share in the global water softeners market. The demand for water softeners is likely to increase in the coming years as the commercial sector across APAC is expected to grow at a rapid pace. Commercial apartments, restaurants, hotels, laundromats, hospitals, and others are installing water softening units to facilitate ease of use and extend the lifetime of their water-handling equipment. Hard water increases total business expenditure, which may be readily avoided by using a commercial water softener. This factor is anticipated to further propel the demand for water softeners from the commercial segment across the region.
Reasons to Buy
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global water softeners market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
- Rise in Urbanization
- Rising Industrialization in Emerging Economies
- Availability of Substitutes
- Product Innovation
- Surging Demand for Salt-Free Water Softeners
- Atlas Filtri
- A.O. Smith Water Technologies
- Culligan Italiana S.P.A
- Euraqua Europe
- Viessmann Climate Solutions Se
- BWT Holding GmbH
- Whirlpool Corporation
- General Electric
- Ecowater Systems LLC
- Kinetico Incorporated
- Harvey Water Softeners Limited
For more information about this report visit https://www.researchandmarkets.com/r/2ajaht.
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INDUSTRY KEYWORD: OTHER CONSUMER TECHNOLOGY OTHER RETAIL OTHER TECHNOLOGY SPECIALTY HOME GOODS HARDWARE CONSUMER RETAIL
SOURCE: Research and Markets
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PUB: 09/10/2021 11:54 AM/DISC: 09/10/2021 11:54 AM