Publication Month: Jul 2021 | Report Code: TIPRE00003695 | No. of Pages: 147 | Category: Consumer Goods | Status: Published
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.
The water softeners market in APAC is expected to grow at the highest CAGR during the forecast period. 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.
The ongoing COVID-19 pandemic has drastically altered the status of the water softeners market and has adversely impacted its growth. The outbreak of COVID-19 has declined operational efficiency and interrupted the value chain owing to the sudden closure of national and international boundaries, thereby creating revenue loss and damage. The disruptions in the value chain have restricted the supply of raw materials, resulting in hindered growth of the market and affecting the development of the end-use markets. However, as economies are planning to revive their operations, the demand for water softeners is expected to rise globally in the coming months.
Salt-free water softener chemically transforms the calcium and magnesium ions present in hard water so that they do not stick to surfaces and form scale buildup. They are easy to set up and require less maintenance, as well as less expensive than salt-based softeners. Thus, the increasing demand for salt-free water softeners is expected to become a key trend in the water softeners market in the coming years.
Based on type, the water softeners market is segmented into salt-based water softeners and salt-free water softeners. The salt-based water softeners segment accounted for a larger market share in 2020. Salt-based water softener is a filtration unit that converts hard water into soft water using the ion-exchange mechanism. It is used to remove hardness-causing minerals such as calcium and magnesium from the water.
Based on application, the water softeners market is segmented into industrial, residential, municipal, and others. The industrial segment accounted for the largest market share in 2020. Water softeners are extensively used across various industries, such as food & beverages, manufacturing, chemical, and oil & gas, to prevent interior corrosion of 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, thereby making it suitable for industrial use.
|Market Size Value in||US$ 10,255.17 Million in 2021|
|Market Size Value by||US$ 13,558.77 Million by 2028|
|Growth rate||CAGR of 4.1% from 2021-2028|
|No. of Pages||147|
|No. of Tables||56|
|No. of Charts & Figures||68|
|Historical data available||Yes|
|Segments covered||Type and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
A few players operating in the water softeners market are Atlas Filtri, A.O. Smith Water Technologies, Culligan Italiana S.P.A, 3M, Euraqua Europe, Water2Buy, Viessmann Climate Solutions Se, Cillit, Depurchem, BWT Holding GmBH, Whirlpool Corporation, General Electric, Ecowater Systems LLC, Kinetico Incorporated, and Harvey Water Softeners Limited. The companies operating in the market have realized the immense potential of the water softeners market, owing to which they have begun adopting strategies such as mergers & acquisitions, and research & development to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.
The List of Companies - Water Softeners Market