"Increasing awareness of water softening process is likely to fuel the growth of the water softening system market"

Globally, the water softening system market is expected to grow with a CAGR of more than 7.5% during the forecast period from 2019 to 2027, starting from US$ 2.52 Bn in 2018. Globally, the water consumption rate has increased drastically as the population is growing across the globe. It is essential to provide pure and clean water to the people in order to maintain good health and avoid spread of any infections or disease. This primarily drives the demand for water softening systems as these systems reduces the levels of harmful minerals from the water and supply pure water that can be consumed without any harm.

Furthermore, along with consumption of water in residential sector, increasing number of industrial and commercial activities and related water utilization is also increasing adoption of water softening systems. Rapid developments in the industries such pharmaceutical and healthcare, food and beverages, semiconductors and so on have created demand for ultra-pure water which is expected to fuel the growth of water softening system market over the forecast period.

Moreover, innovations in the water treatment techniques and emergence of automation in water treatment and softening process is also propelling the growth of this market. However, presence of substitute water treatment techniques, and lack of awareness in developing and underdeveloped countries is likely to hamper the market growth during the forecast period.

"Salt free water softening system is expected witness a significant growth in coming years"

Based on type, the water softening systems market is segmented into salt-free and salt-based systems. The salt-free water softening systems are largely adopted as they are less expensive and more effective when it comes to purifying and supplying quality water. These systems do not use any chemicals or hard agents to soften the water and are easy to install and maintain in a long run. This is increasing the demand for salt-free systems and thus fueling the growth of this market. Based on application, the water softener systems are largely being used in residential sector. As these systems reduce corrosion of pipes and there is high requirement of pure water in homes compared to industries, this end use segment is experiencing a rapid growth.

"North America to dominate the Water Softening System Market"

In the global water softening system market, North America held the largest market share in 2018. This is primarily based on rapid developments of industrial sector, which enhanced the demand for water in this regional segment. Moreover, companies based in US and Canada are developing new technologies to develop the existing water treatment techniques. However, Asia-Pacific is expected to exhibit a rapid growth during the forecast period, as the demand for pure water is high in this region. Increasing awareness about water processing and growing need for providing clean water is fueling the growth of this regional segment. Also, rapid industrialization and growth in the residential sector is also driving the growth of water softening system market in this region.

Some of the prominent players operating in the water softening system market include Culligan International Company, EcoWater Systems LLC, Kinetico Incorporated, Envicare Technologies Pvt. Ltd., Hydroflux Marketing Pte. Ltd., Wychwood Water Systems Ltd., Pelican Water Systems, Harvey Water Softeners Ltd., Marlo Incorporated, and BWT AG, among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Water Softening System market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Water Softening System market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Water Softening System market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Water Softening System market?
• Which is the largest regional market for Water Softening System market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Water Softening System market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Water Softening System market worldwide?