Future Market Insights (FMI) recent market survey, the global water softening systems market Between 2021 and 2031, the market is predicted to grow at a 6.5 percent CAGR, achieving a market valuation of US$10.82 billion in 2021.
By the end of 2021, the water softening systems market will be worth $10.82 billion USD. According to Future Market Insights (FMI), the market will expand by 4.5 percent year on year between 2020 and 2021. For the anticipated period of 2021-2031, healthy growth predictions remain steady.
Product improvements in systems linked with high efficacy, technological advancements, and durability, as well as growing global concerns about water contamination, are key trends affecting the water softening systems market.
Increased use of water softening systems due to high mineral content in water will promote sales in developed countries such as the United States, the United Kingdom, Germany, and Italy. The presence of key industry participants will also boost market growth throughout the projection period.
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Rising water quality awareness and government-led initiatives such as smart cities, combined with non-governmental activities promoting water sanitation and public health, will drive demand in growing markets such as India, China, South Korea, and Brazil.
In the residential sector, the application will continue to grow. FMI anticipates promising sales possibilities for non-electric water softening solutions among homeowners. Government measures aimed at making clean water accessible to all will continue to support sales growth in this market.
“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 US will continue to dominate the market due to the high concentration of market players.
- Sales outlook in the UK 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.
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US Maintain Lead in Water Softening Systems Market?
The US proudly owns one of the safest water supply channels in the world. As per the Centers 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 US 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 US
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.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
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