Global Household Water Softener System Market 2020-2024
Technavio has been monitoring the household water softener system market and it is poised to grow by USD 1.42 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on household water softener system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the harmful effects of hard water and the growing real-estate and housing industry. In addition, innovation and product premiumization is anticipated to boost the growth of the market as well.
The household water softener system market analysis includes distribution channel segment, product segment and geographic landscape.
Technavio's household water softener system market is segmented as below:
By Distribution Channel
By Geographic Landscape
- North America
- South America
This study identifies the rising adoption of home automation to supplement wi-fi enabled water softener systems as one of the prime reasons driving the household water softener system market growth during the next few years. Also, the collaboration between private players and governments and growing online and omnichannel retailing will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our household water softener system market covers the following areas:
- Household water softener system market sizing
- Household water softener system market forecast
- Household water softener system market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading household water softener system market vendors that include 3M Co., A. O. Smith Corp., Culligan International Co., EcoWater Systems LLC, General Electric Co., Qingdao Haier Co. Ltd., Honeywell International Inc., Kinetico Inc., Pentair Plc, and Whirlpool Corp. Also, the household water softener system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.