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
o Salt-based
o 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)