India Water Softeners Market to Grow at CAGR 15% through 2026
Growing awareness regarding importance of soft water, coupled with growing industrial and commercial sectors to drive water softeners market in India through 2026
According to TechSci Research report, “India Water Softeners Market By Type, By End Use Sector, Competition Forecast & Opportunities, 2012 – 2026”, water softeners market in India is projected to exhibit a CAGR of more than 15% during 2017 – 2026. Growth in municipal sector water treatment, growing chemical industry and surging use of water softeners in the residential sector are anticipated to drive the market during the forecast period. Continuing growth in the country’s power sector is also one of the major factors driving demand for water softeners in the industrial segment. The country is planning to add 600GW to 1,200GW of new power generation capacity by 2050. Another crucial factor fuelling demand for water softeners is surging residential and commercial space demand, which is increasing at a rapid rate due to rising urbanization and expanding population, which reached 1.3 billion in 2015.
Browse 9 market data Tables and 21 Figures spread through 77 Pages and an in-depth TOC on “India Water Softeners Market“
In 2016, commercial end use sector captured a majority share in the market due to increasing construction activities like hotels, restaurants and townships that use water softeners. With anticipated growth in the commercial sector, demand for water softeners is expected to rise in the coming years. Industrial sector garnered the second largest share, followed by the residential sector, due to increasing use of water softeners to prevent damage to equipment and growing awareness among people regarding harmful effects of hardwater, respectively. In terms of region, southern region of the country leads the market on account of presence of major chemical, fertilizer, oil and gas and paper industries.
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Few of the major water softener providers operating in the country include Ion Exchange, Thermax, Bluebird, and Acquionics. “As an increasing number of consumers are becoming aware regarding importance of soft water, demand for water softeners is expected to rise in India in the coming years. Salt based water softeners are expected to witness a marginal decline in their market share, however, their dominance is expected continue during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Water Softeners Market By Type, By End Use Sector, Competition Forecast & Opportunities, 2012 – 2026” has evaluated the future growth potential of India water softeners market and provides statistics and information on market size, structure and market trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the India water softeners market.
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