The
global water softener market is
expected to grow at a CAGR of almost 7% during the forecast period. Based on
end-user, the global water softener market has been segmented into residential
and commercial.
The
water softener market in the residential segment will have the highest growth
potential during the forecast period. The rapid growth in urbanization,
government funding for housing projects, low-interest rates on housing loans, and the growing
popularity of high-rise residential buildings are expected to boost the global
residential construction market during the forecast period. The rise in
urbanization will increase the demand for residential buildings in urban areas.
Consumers opt for convenience and safety in their daily chores owing to their
fast-paced lifestyles. Hard water is supplied in most of the households in
urban areas.
The
use of water softeners reduces the time taken to clean a home, decreases the
need for harsh chemicals used to remove scale build-up, and ensures appliances
run efficiently. Water softeners use a technology that naturally conditions
water and minimizes scaling. It helps to reduce existing and prevent new scale
formation, thereby protecting plumbing works, dishes, and home appliances. Such
benefits offered by water softeners are likely to increase their demand among
residential consumers, which, in turn, boost the
growth of the global water
softener market during the forecast period.
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