The Water softening Systems market will total US$ 10.82 Bn by the end of 2021 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 2021-2031.
The demand outlook for water softening systems is still favorable, and the market size is anticipated to grow at a strong 6.5% CAGR during the assessment period. A favorable environment for growth will be created by policies that encourage the use of cutting-edge technologies and raise awareness of the importance of water quality.
Future Market Insights foresees a comparison and review analysis of the dynamics of the market for water softening systems, which is primarily influenced by several industry-specific factors as well as a few distinct influences regarding viewpoints that support industry innovation.
Due to the implementation of government-sponsored initiatives like the expansion of smart cities and clean water initiatives, there have been some recent market advancements. Ensure the availability of clean water and emphasize preventing water contamination.
Key Points Covered in Water Softening Systems Market Survey
- Water Softening Systems 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
Sales of water softening systems will be boosted by government initiatives working with water supply management organizations to create a trustworthy supply chain. Sales of water softening systems are expected to grow by 6.5% CAGR between 2021 and 2031, according to FMI, compared to a growth of 4.7% between 2016 and 2020.
systems for softening water Due to the implementation of government-sponsored initiatives like the expansion of smart cities and the clean water initiative, market sales are expected to increase. A key growth driver will continue to be a focus on the prevention of water contamination and ensuring that everyone has access to clean, soft water.
Geographically, the U.S., Canada, and the U.K. are considered to be key areas where water-related concerns are on a rise. Yearly water quality checks are gaining more importance as the quality of water changes over time and water treatment systems installed several years ago might not be fit for the current situation. This will also create attractive opportunities for water-softening systems sales growth.
Water softening systems are often installed in households to effectively remove hard minerals such as calcium and magnesium. But in some households, high iron content is reported to be a big problem, especially in rural areas. As the quality of water differs based on location, innovations in water softening systems are essential to tackle such issues and get the desired results.
FMI’s analysis projects a positive growth outlook for the water softening systems market in India, owing to rapid urbanization, industrialization, and population expansion in the country. With these developments, environmental problems such as water pollution have also become a growing concern.
Rising industrial and agricultural activities have deteriorated the quality and quantity of surface and groundwater in the country, thereby impairing the availability of safe and clean drinking water.
Key Players:
- 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
