Rise in population, increase in demand for water Softeners in municipalities and industries, and surge in investment in industrial sector fuel the growth of the Europe water softeners market. By process, the ion exchange segment accounted for the major share in 2018. On the other hand, Spain would portray the fastest CAGR of 8.3% by 2026.
Allied Market Research published a new report, titled, “Europe Water Softeners Market by Type (Salt-Based and Salt-Free Water Softeners) Process (Ion exchange, Conditioning, and Reverse Osmosis) and End-use {(Residential, Industrial, and Commercial (Office Buildings, Hotel & Restaurants, Hospitals & Nursing Homes and Others)}: Opportunity Analysis and Industry Forecast, 2019-2026″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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Based on region, Germany held the major share in 2018, generating nearly one-fourth of the total market. Simultaneously, Spain is projected to garner the fastest CAGR of 8.3% during the estimated period. The other regions analyzed in the report include Netherland, France, UK, Italy, and rest of Europe.
This makes it important to understand the practical implications of the Europe water softeners market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extension analysis of untapped segments to benefit the market players and new entrants to gain the market share.
According to the report published by Allied Market Research, the Europe water softeners market generated $525.2 million in 2018 and is expected to hit at $849.8 million by 2026, registering a CAGR of 6.2% from 2019 to 2026.
KEY MARKET PLAYERS:
The report provides the SWOT analysis of the key market players A. O. Smith Corporation, Cumulus Nederland BV, Delta WATER TECHNOLOGY, Enmetec GmbH, Hatenboer-Water BV, Kinetico UK Ltd., LENNTECH, Lubron Waterbehandeling B.V., Pentair PLC, Pollet Water Group (Euraqua Europe is subsidiary) and SUEZ Water Technologies & Solutions. which gives the business overview, financial analysis, and portfolio analysis of products and services. The latest news related to industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures, collaborations, product launches, market expansions etc. are included in the report for the better understanding of the stakeholders in framing strategic decisions to gain long term profitability and market share.
Based on process, the ion exchange segment accounted for nearly three-fourths of the total market revenue in 2018, and is anticipated to retain its dominance through 2026. At the same time, the reverse osmosis segment would manifest the fastest CAGR of 7.1% during the study period. The conditioning segment is also discussed in the report.
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the Europe water softeners market to understand the market deeply, which will help them in taking sound decisions, to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
Based on type, the salt-based segment contributed to more than two-thirds of the total market share in 2018, and is expected to lead the trail by 2026. The salt free segment, on the other hand, would cite the fastest CAGR of 7.1% during 2019–2026.
KEY OFFERINGS OF THE REPORT:
- Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
- Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
- Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
- Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
- Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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