The
water softener market and it is poised to grow by USD 559.36 million
during 2020-2024, progressing at a CAGR of almost 7% 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.
Although the COVID-19 pandemic continues to transform the growth of
various industries, 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. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on
COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. 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, and
Whirlpool Corp. are some of the major market participants. To make the most of
the opportunities, market vendors should focus more on the growth prospects in
the fast-growing segments, while maintaining their positions in the
slow-growing segments.
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Consumer awareness about water softening products has been instrumental
in driving the growth of the market.
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.
Water Softener Market 2020-2024: Segmentation
Water Softener Market is segmented as below:
·
End-user
o
Residential
o
Commercial
·
Product
o
Salt-based
o
Salt-free
·
Geographic Landscape
o
APAC
o
Europe
o
MEA
o
North America
o
South America
Water Softener Market 2020-2024: 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 Analysis
This study identifies the advantage of cost and energy savings 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.
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