Household Water Softener System Market 2020-2024 | Innovation and Product Premiumization to Boost Growth | Technavio

Technavio has been monitoring the household water softener system market and it is poised to grow by USD 1.42 billion during 2020-2024, progressing at a CAGR of over 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.

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Technavio has announced its latest market research report titled Global Household Water Softener System Market 2020-2024 (Graphic: Business Wire)

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. 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. are some of the major market participants. The innovation and product premiumization will offer immense growth opportunities. 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.

Innovation and product premiumization have been instrumental in driving the growth of the market.

Household Water Softener System Market 2020-2024: Segmentation

Household Water Softener System Market is segmented as below:

• Product
  • Ion-exchange
  • Salt-free
• Geography
  • North America
  • Europe
  • APAC
  • MEA
  • South America
• Distribution Channel
  • Offline
  • Online

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Household Water Softener System 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. Our household water softener system market report covers the following areas:

• Household Water Softener System Market Size
• Household Water Softener System Market Trends
• Household Water Softener System Market Industry Analysis

This study identifies 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.

Household Water Softener System Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the household water softener system market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the household water softener system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Household Water Softener System Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist household water softener system market growth during the next five years
• Estimation of the household water softener system market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the household water softener system market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of household water softener system market vendors

Table Of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Ion-exchange - Market size and forecast 2019-2024
• Salt-free - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Offline - Market size and forecast 2019-2024
• Online - Market size and forecast 2019-2024
• Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Price driver - External factor

Market Driver

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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
• Whirlpool Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200701005638/en/