The analysts forecast global household water softener system market to grow at a CAGR of 6.45% during the period 2018-2022. The latest trend gaining momentum in the market is the rising adoption of home automation to supplement wi-fi enabled water softener systems.
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Manufacturers are offering residential automation systems due to the growing need for a comfortable lifestyle.
Residential automation systems enable customers to monitor the appliances with a controller through smartphone and other computing devices. The adoption of home automation systems helps in the minimization of energy consumption in a residential building.
Major key players in the global household water softener system market: Culligan, EcoWater Systems, GENERAL ELECTRIC, 3M, Whirlpool Corporation, and Kinetico Incorporated.
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According to the Household Water Softener System market report, one of the major drivers for this market is introduction of smart and augmented features and product premiumization. Manufacturers are increasingly offering expensive premium products due to their rising focus on new and emerging technologies and rising demand for improved water softener systems.
They are equipping their products with several features such as automatic adjustment for water usage pattern and customized alerts. The price of water softener systems will further increase because several vendors are offering extended service warranty.
This in turn, will help them gain customer trust and boost their sales volume.
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits:
Exhibit 1: Global Residential Water Purifier: Water Purification Technologies
Exhibit 2: Related Market
Exhibit 3: Market Characteristics
Exhibit 4: Market Segments
Exhibit 5: Market Definition - Inclusions and Exclusions Checklist
Exhibit 6: Market Size 2017
Exhibit 7: Validation Techniques Employed For Market Sizing 2017
Exhibit 8: Global Household Water Softener System Market - Market Size and Forecast 2017-2022 ($ Billions)
Exhibit 9: Global Household Water Softener System Market - Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Global Household Water Softener System Market: Segmentation by Product 2017-2022 (% Share of Revenue)
Exhibit 19: Comparison by Product
Exhibit 20: Global Household Salt-Based Water Softener System Market - Market Size and Forecast 2017-2022 ($ Billions)