Water Softening Systems Market Regional Industry Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2033
Future Market Insights (FMI) recent market survey, the global water softening systems market is expected to expand at a vigorous 6.5% CAGR between 2023 and 2033, surpassing a market valuation of US$ 12.3 Billion in 2021.
The water softening Systems market will total US$
12.3 Billion by the end of 2023 As per Future Market Insights
(FMI) analysis, exhibiting year on year growth of 4.5% between
2020 and 2021. Healthy growth projections remain constant for the forecast
period of 2023 to 2033.
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.
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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.
The application will continue increasing in the residential
sector. FMI sees impressive prospects for non-electric water softening systems
sales across households. Government policies adopted toward making clean
water available for all will continue aiding sales growth in this segment.
“Conscious efforts to spread water quality awareness led
by government and non-profit organizations, along with product innovations in
water softening systems aimed at providing better efficacy and enhanced
performance will augment market growth in the upcoming decade,” says the FMI
analyst.
Key Takeaways from Water Softening Systems Market Survey
- Based
on the design, twin-cylinder water softening systems will dominate the
market.
- The
residential sector will experience increased adoption of water softening
systems throughout the assessment period.
- The
U.S. will continue dominating the market due to the high concentration of
market players.
- Sales
outlook in the U.K. is projected to be positive with increasing
applications of water softening systems in households.
- India
will emerge as a lucrative market for sales of water softening systems,
owing to growing awareness regarding water quality in the country.
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.
U.S. Maintain Lead in Water Softening Systems Market?
The U.S. proudly owns one of the safest water supply
channels in the world. As per the Centres for Disease Control and Prevention
(CDC), 90% of Americans consume tap water supplied from community water
systems, which are treated according to safe drinking water standards.
However, drinking water quality varies based on locations,
depending upon the conditions of the water source and the treatment it
receives, which must comply with U.S. Environmental Protection Agency (EPA)
standards and regulations. Many states have their own drinking water standards,
and community water systems abide by rules set by the Safe Drinking Water Act
(SDWA).
Even with the safest water supply channels, water
contamination can still occur due to sewage releases, naturally occurring
chemicals, and minerals, land-use practices, manufacturing processes, and
malfunctioning wastewater treatment systems. Such factors are pushing the need
for water softening system installations in the U.S.
With increasing risks of contamination in drinking water
that are mainly caused by improperly maintained distribution pipes in the
country, consumers are getting more conscious regarding water softening systems
and their ability to remove untreated chemicals in the water as it reaches
their homes, thus propelling sales in the Water Softening Systems Market.
Additionally, health-related threats posed by contaminants
present in drinking water are encouraging manufacturers to focus on product
innovations and technological developments to keep disorders like
gastrointestinal illness and neurological disorders at bay.
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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