Water Softener Market to Cross 1 Million Unit Consumption by 2024 : Global Market Insights, Inc.
Global salt free water softener market is slated to reach US$2 billion in projected timeline owing to its extensive consumption in the U.S. as there is no electrical valve required in salt-free softener and the system operates as a conditioner not capturing anything, thus eliminating need to purge minerals.
SELBYVILLE, Del., Sept. 26, 2018 /PRNewswire-PRWeb/ -- 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.
Water softener market for 120,000 grain from office building application is poised to observe gains of over by 4% 2024. Increase in consumer health consciousness has led to rise in demand for healthy and safe drinking water which is likely spur product demand.
Global water softener market size is set to surpass USD 10 billion by 2024. Intensifying demand for soft water owing to growing industrialization and urbanization may expand water softener market growth by 2024. Growing penetration of multinational brands along with its features including high effectiveness in decreasing formation of scale in boilers, pipes and tanks are likely to further propel product demand. This equipment improves product lifespan of water using appliances by removing salts and minerals, which can damage product quality. Growing customer spending on water treatment equipment supported by increasing contamination issues will propel product demand.
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Supporting government regulation in Europe and Asia pacific reinforced by R&D activities on water softener manufacturing will promote product demand. Additionally, rising industrial sector and manufacturing industries may fuel water softener demand owing to application of soft water in steam generation, product manufacturing and cleaning.
Italy salt free water softener market size 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.
New product innovation and rising demand for safe water in residential buildings is projected to drive regional market over forecast timeframe. Increasing monetary standards along with growing awareness about damaging properties of hard water are likely to boost the market growth.
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Growing application potential in oil & gas sector and food processing units to reduce waste water & protect interior corrosion and damage of equipment is likely to promote salt based water softener market product demand.
Russia salt based water softener market size of 9,00,000 grain is projected to witness gains of over 7.5% in the forecast timeframe. UK salt-based water softener market size in 900,000 grain from hotel/restaurants is likely to surpass USD 3 million due to its usage in removing lime scale on toilets, tile and faucets. It eliminates scale causing minerals in water, subsequently resulting in cleaner fittings and tiles, which may propel product demand.
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China water softener demand in 1200,000 grain from laundries units is projected to witness gains of up to 7%. Fabric quality is adversely affected along with high amount of detergent is required when hard water is used thus, softener is needed for both cleaning and washing applications. Softening equipment is used in this industry to maintain quality, easy cleaning of fabrics and reduces the amount of detergent required, which may boost market growth.
Global water softener market share is competitive and moderately consolidated with key industry precipitants includes, Culligan International Company, General Electric Company, Pentair, Whirlpool, Honeywell International and 3M. Increasing consumption of soft water has encouraged sellers to invest intensely in R&D for the product. Companies are spending more on product design, increasing efficiency and reducing environmental impacts.
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With increasing usage of boilers in numerous end-user industries, the global boiler water treatment chemicals market size is expected to rise significantly over the forecast timespan. Other prime factors responsible for driving global boiler water treatment chemicals market are requirement of fresh water by Asia Pacific and Middle East countries. In addition, strategies incorporated by industry share contributors to reduce investment on raw water treatment equipment maintenance and installation will complement business growth. Furthermore, the global boiler water treatment chemicals market share is propelled by various indirect economic benefits offered by the product such as improved boiler efficiency along with expanded life of boiler components. Read more at https://www.gminsights.com/industry-analysis/boiler-water-treatment-chemicals-market .
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