Market Analysis
The global water softening systems market is predicted to grow at a 5.3% CAGR between 2019- 2024, states the recent Market Research Future (MRFR) analysis. Water softeners work via reducing the levels of magnesium and calcium by filtering the water using zeolite or resin, a beadlike substance that is covered with sodium ions that are positively charged. A water softening system has various industrial, commercial, and residential applications.
Various factors are propelling the global water softening systems market share. According to the recent MRFR report, such factors include growth in industrial and commercial sectors, on-going smart city projects, growing health concerns among consumers, rising consumption of water worldwide, an increase in world population, and a rise in industrial activities.
On the contrary, the availability of alternative treatment technologies, lack of awareness about the benefits of using a water filtration system, and the impact of the current COVID-19 pandemic are factors that may limit the global water softening industry growth over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global water softening systems market based on sales channel, application, flow rate, and type.
By type, the global water softening systems market is segmented into salt-free and salt-based. Of these, the salt-based segment will lead the market over the forecast period.
By flow rate, the global water softening systems market is segmented into above 90 GPM, 60 GPM to 90 GPM, 30 GPM to 60 GPM, and 05 GPM to 30 GPM. Of these, the 05 GPM to 30 GPM segment will dominate the market over the forecast period.
By application, the global water softening systems market is segmented into industrial, commercial, and residential. Of these, the residential segment will spearhead the market over the forecast period.
By sales channel, the global water softening systems market is segmented into offline and online. Of these, the offline segment will have a major share in the market over the forecast period.
Regional Analysis
Based on the region, the global water softening systems market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. Increasing per capita income, especially in emerging countries, large population pool, and growing awareness regarding water softening, is adding to the global water softening systems market growth in the region.
The global water softening systems market in North America is predicted to hold the second-largest share over the forecast period. The presence of top manufacturing companies coupled with increasing investments by the industrial, commercial, and residential sectors is adding to the global water softening systems market growth in the region.
The global water softening systems market in Europe is predicted to have sound growth over the forecast period. Top manufacturers shifting their production facilities in the region, rising manufacturing activities, burgeoning demand for consumer water treatment systems, the strong housing market, increase in infrastructure projects, rise in water softening system installation, and growing urbanization modernization are adding to the global water softening systems market growth in the region.
The water softening systems market in the RoW is predicted to have steady growth over the forecast period.
Key Players
Leading players profiled in the global water softening systems market report include Qingdao Haier Co., Ltd (China), Monarch Water Ltd. (UK), Marlo Incorporated (US), Pelican Water Systems (US), Harvey Water Softeners Ltd (UK), Wychwood Water Systems Ltd (UK), Watts Water Technologies Inc. (US), Feedwater Limited (UK), Pentair Residential Filtration LLC (UK), Culligan International Company (US), BWT Aktiengesellschaft (Austria), EcoWater Systems LLC (US), and A.O. Smith Water Technologies (US).
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https://www.marketresearchfuture.com/reports/water-softening-systems-market-7769
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