Water Softeners Market to Cross $11 Billion by 2025: TechSci Research Report
NEW YORK, October 28, 2016 /PRNewswire/ --
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.
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Browse 7 market data Tables and 106 Figures spread through 180 Pages and an in-depth TOC on
"Global Water Softeners Market "
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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