Water Softener Market Forecast Report 2019-2024: Industry Revenue and Outlook by Product, Application & Key Players
Russia salt based water softener market of 9,00,000 grain is projected to witness gains of over 7.5% in the forecast timeframe. Growing application scope in industries including chemical, refineries and pharmaceutical industries owing to its feature of improving water quality required in these sectors is likely to drive product demand in this region.
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Water Softener Market may surpass USD 10 billion by 2024. Supporting regulatory amendments by EU regarding clean water to control health hazards will drive water softener market. These products offer robust acid cation ion exchange to ensure safe supply that can be used for drinking along with domestic & household consumption. Technological advancement including automatic operations, different configuration modes and extensive automation is anticipated to fuel product demand by 2024.
Rapid industrialization along with rising soft water requirements may stimulate product demand over the projected timeframe. Expanding manufacturing sector in India, China, and the U.S. may create vast opportunity for water softener market growth. Mounting need for water treatment has incurred high cost for the manufacturers, which have promoted the product usage, thus driving industry growth.
Salt based water softener market of 4,50,000 grain may witness gains of 5.5% by 2024. Increasing spending in research to make innovated products will resolve hard water challenges faced in health institution is likely to have a positive impact on product demand.
Italy salt free water softener market is anticipated to reach over USD 125 million by 2024. Presence of large number automotive manufacturers in this region supported by stringent industrial safety norms pertaining to clean water and quality standards will favor industry growth.
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Cost concerns regarding extensive energy usage due complex operations may limit industry profitability. Stern ecological guidelines in the U.S. may add on compliance cost, which may affect water softener market price trends.
Growing population in urban provisions has lead to amplified water stress that has increased hardness of groundwater which is anticipated to rise demand for softening equipment in forecast timeframe.
The product reduces need for detergents by 50% due to absence of minerals which interact with cleaning products, thus propelling product demand in forecast timeline. Product usage decreases scratching and itching associated with usage of hard water for cleansing and bathing. It also extends life of washing machines, heaters and dishwashers which is likely to drive water softener market in by 2024.
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Global water softener market share is competitive slightly consolidated and compete on the basis of price offered for the product with key players present in the market includes Culligan International Company, GE, Canature Environmental Products, Marlo Incorporated, 3M, Whirlpool, Morton Salt and Honeywell International.
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