NEW YORK, April 13, 2021 /PRNewswire/ --
Technavio has monitored the water softener market in its
latest market research report. The market is poised to grow by
USD 690.90 million during
2021-2025, progressing at a CAGR of almost 8% during
the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers,
and the overall market environment.
Download a Free Sample Report
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various
industries, however, the immediate impact of the outbreak is
varied. While a few industries will register a drop in demand,
numerous others will continue to remain unscathed and show
promising growth opportunities. COVID-19 will have a low impact on
the water softener market.
Frequently Asked Questions:
- Based on segmentation by product, which is the leading
segment in the market?
Based on product segmentation, the salt-based water softeners
segment is expected to lead the market growth during the forecast
period.
- What are the major trends in the market?
An increase in savings on energy and cost and improved life cycle
of water-dependent home appliances will be the major trends in the
market.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 8% during
the forecast period.
- Who are the top players in the market?
3M Co., A. O. Smith Corp., BWT
Aktiengesellschaft, Culligan International Co., Haier Smart Home
Co. Ltd., Honeywell International Inc., Ion Exchange (I) Ltd.,
Pentair Plc, Unilever Group, and Whirlpool Corp. are the top
players in the market.
- What are the key market drivers and challenges?
The market is driven by the growing consumer awareness about
water softening products and the benefits of water softener
systems. However, threats to the environment due to salt-based
water softener systems might challenge growth.
- How big is the North American market?
North America dominated the market
with a 32% share in 2020.
Related Reports on Consumer Discretionary
Include:
Global Household Water Softener System
Market - Global household water softener system market is
segmented by product (ion-exchange and salt-free), geography
(North America, Europe, APAC, MEA, and South America), and distribution channel
(offline and online).
Global Residential Water Purifier Market -
Global residential water purifier market is segmented
by product (multiple technology-based water purifier, RO water
purifier, gravity-based water purifier, and UV water purifier),
distribution channel (offline and online), and geography (APAC,
Europe, North America, South
America, and MEA).
The market is concentrated, and the degree of concentration will
accelerate during the forecast period. 3M Co., A. O. Smith Corp., BWT
Aktiengesellschaft, Culligan International Co., Haier Smart Home
Co. Ltd., Honeywell International Inc., Ion Exchange (I) Ltd.,
Pentair Plc, Unilever Group, and Whirlpool Corp. are some of the
major market participants. Although the growing consumer awareness
about water softening products and the benefits of water softener
systems will offer immense growth opportunities, threats to the
environment due to salt-based water softener systems are likely to
pose a challenge for the market vendors. In a bid to help players
strengthen their market foothold, this water softener
market forecast report provides a detailed analysis of the
leading market vendors. The report also empowers industry honchos
with information on the competitive landscape and insights into the
different product offerings offered by various companies.
Technavio's custom research reports offer detailed
insights on the impact of COVID-19 at an industry level, a regional
level, and subsequent supply chain operations. This customized
report will also help clients keep up with new product launches in
direct & indirect COVID-19 related markets, upcoming vaccines
and pipeline analysis, and significant developments in vendor
operations and government regulations.
Develop Smart Strategies for Your
Business: Request a Free Sample Report
Water Softener Market 2021-2025: Segmentation
Water
Softener Market is segmented as below:
- Product
-
- End-user
-
- Geography
-
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends
impacting the future of market research, download a free
sample:
https://www.technavio.com/talk-to-us?report=IRTNTR40506
Water Softener Market 2021-2025: Scope
Technavio
presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources.
The water softener market report covers the following
areas:
- Water Softener Market Size
- Water Softener Market Trends
- Water Softener Market Industry Analysis
This study identifies the increase in savings on energy and cost
and improved life cycle of water-dependent home appliances as
one of the prime reasons driving the water softener
market growth during the next few years.
Water Softener Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist water softener
market growth during the next five years
- Estimation of the water softener market size and its
contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the water softener market across
North America, Europe, APAC, South
America, and MEA
- Analysis of the market's competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of water softener market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Salt-based - Market size and forecast 2019-2024
- Salt-free - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size
and forecast 2019-2024
- Europe - Market size and
forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size
and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- A. O. Smith Corp.
- Culligan International Co.
- General Electric Co.
- Haier Smart Home Co. Ltd.
- Honeywell International Inc.
- Ion Exchange (India) Ltd.
- Pentair Plc
- Unilever Plc
- Whirlpool Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
Technavio's report library consists of more than 17,000 reports and
counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including
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relies on Technavio's comprehensive coverage, extensive research,
and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive
positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report:
www.technavio.com/report/water-softener-market-industry-analysis
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