Global Water Softening Systems Market Is Anticipated To Expand At A Robust 6.5% CAGR Between 2021 And 2031
As per ESOMAR-certified consulting firm Future Market
Insights (FMI) recent market survey, the global water softening systems market is anticipated to expand
at a robust 6.5% CAGR between 2021 and 2031, surpassing
a market valuation of US$ 10.82 Bn in 2021.
Water softening systems demand outlook remains positive,
with the market size projected to expand at a robust 6.5% CAGR over
the assessment period. Awareness regarding water quality and policies favoring
implementation of advanced technologies will create a conducive environment for
growth.
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Key Points Covered in Water Softening Systems Market
Survey
- Market
estimates and forecast 2021-2031
- Key
drivers and restraints impacting market growth
- Segment-wise,
Country-wise, and Region-wise Analysis
- Competition
Mapping and Benchmarking
- Brand
share and Market Share Analysis
- Key
Product Innovations and Regulatory Climate
- COVID-19
Impact on Water Softening Systems Market and how to Navigate
- Recommendation
on Key Winning Strategies
Key trends shaping the water softening systems market
include product innovations in the systems associated with high efficacy,
technological advancements, and durability, along with growing concerns
regarding water contamination across the globe.
Increasing adoption of water softening systems due to excessive mineral
composition in water will drive sales in developed countries such as the U.S.,
the U.K., Germany, and Italy. The presence of leading market players will also
augment market growth during the forecast period.
Growing awareness regarding water quality and government-led
initiatives such as smart cities, coupled with non-governmental initiatives for
promoting water sanitation and public health will generate demand in emerging
markets including India, China, South Korea, and Brazil.
Application will continue increasing in the residential
sector. FMI sees impressive prospects for non-electric water softening systems
sales across households. Government policies adopted towards making clean water
available for all will continue aiding sales growth in this segment.
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Competitive Landscape
EcoWater Systems LLC, Culligan International Company,
Kinetico Incorporated, Hydroflux, Envicare Technologies Pvt. Ltd., Wychwood
Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG,
Marlo Incorporated, Monarch Water Ltd., Qingdao Haier Co., Ltd., Atlas Filtri,
Watts Water Technologies Inc., Feedwater Limited and Canature Health Technology
Group Co Ltd. are among the top manufactures in water softening systems market,
as profiled by FMI.
Water Softening Systems Market Historic Sales Compared to
2021-2031 Forecast Outlook
As per FMI’s analysis, demand for ultra-soft water softening
systems visibly grew due to soaring concerns pertaining to water contamination
across the globe. However, amid the COVID-19 outbreak, sales reduced to an
extent, especially on account of restrictions imposed on movement, which halted
product installation in various residential, commercial, and industrial spaces.
However, growth is on the cards, with sales of salt-free
water softening systems and increasing shift towards electrification and
automation of industrial filtration systems and water treatment equipment, emerging as key trends in the
market.
Government initiatives in collaboration with water supply
management authorities that are aimed to establish a reliable supply chain will
foster sales in the market. FMI forecasts water softening systems sales to grow
by 6.5% CAGR between 2021 and 2031, as against growth at 4.7% registered
between 2016 and 2020.
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Water Softening Systems Market by Category
By Operation Type:
- Electric
- Non-Electric
By Application Type:
- Residential
- Salt-based
- Salt-free
- Industrial
- Commercial
By Design:
- Mono
Cylinder
- Twin
Cylinder
- Multi-Cylinder
By Region:
- North
America
- Latin
America
- Eastern
Europe
- Western
Europe
- Asia
Pacific excluding Japan
- Japan
- Middle
East and Africa (MEA)
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