ID: MRFR/IA - E/6299-HCR | February 2021 | Region: Global | 100 pages
Hard water generated lime scale depositions in household, commercial, and industrial water systems, which can cause plumbing issues, promote galvanic corrosion, clogs the pipeline, and complicates soap and detergent dissolved in water. Water softening systems are filtration systems, which remove high concentrations of calcium carbonate, magnesium, and certain ions in hard water that cause water flow blockage in hot and cold-water pipes, water heaters, boiler tubes, cooling towers, and any other surfaces it contacts. A water softening system filters out hard water minerals and the softened water, this soft water is more compatible with soap and extends the lifetime of plumbing and other appliances. The hard water is a serious problem as in the case of boilers precipitation and buildup of hard water minerals can interfere with the transfer of heat and can even lead to boiler tube failure.
Rising health concerns among consumers, ongoing smart city projects in major developing countries, and growing research and development activities is leading to product innovations and the development of technologically advanced products. This combined with the development of automation in water softening systems for industrial, commercial, and residential purposes all over the world are some of the factors that are expected to drive the global water softening systems market during the forecast period. However, the lack of awareness in rural areas about the effect of hard water of appliances and advantages of water softening systems is expected to hamper the market growth during the forecast period.
The prominent players in the water softening systems global market are A.O. Smith Water Technologies (US), EcoWater Systems LLC (US), BWT Aktiengesellschaft (Austria), Culligan International Company (US), Pentair Residential Filtration LLC (UK), Feedwater Limited (UK), Watts Water Technologies Inc. (US), Wychwood Water Systems Ltd (UK), Harvey Water Softeners Ltd (UK), Pelican Water Systems (US), Marlo Incorporated (US), Monarch Water Ltd. (UK), Qingdao Haier Co., Ltd (China).
The global water softening systems market is segmented based on type, flow rate, application, sales channel, and region. On the basis of type, the global market has been divided into salt-based and salt-free. On the basis of flow rate, the global market has been segmented into 05 GPM to 30 GPM, 30 GPM to 60 GPM, 60 GPM to 90 GPM, and above 90 GPM. On the basis of application, the global market has been segmented into residential, commercial, and industrial. On the basis of sales channel, the global market has been divided into online and offline.
Geographically, the global water softening systems market has been segmented into four major regions, which are North America, Europe, Asia-Pacific, and the rest of the world. The market of Water Softening Systems in North America held the largest market share, owing to the high awareness about the benefits of consuming soft water and rising installation of water softening systems. Asia-Pacific is expected to register highest growth rate during the forecast period due to the increase in foreign direct investments in commercial and residential infrastructure and the growing middle class population, particularly in developing countries of this region.
The Market Research Future report on the global water softening systems market covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2030: USD 3.23 billion|
|CAGR||2030: CAGR 6.65%|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type , Flow Rate , Application, Sales Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||A.O. Smith Water Technologies (US), EcoWater Systems LLC (US), BWT Aktiengesellschaft (Austria), Culligan International Company (US), Pentair Residential Filtration LLC (UK), Feedwater Limited (UK), Watts Water Technologies Inc. (US), Wychwood Water Systems Ltd (UK), Harvey Water Softeners Ltd (UK), Pelican Water Systems (US), Marlo Incorporated (US), Monarch Water Ltd. (UK), Qingdao Haier Co., Ltd (China).|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The companies such as Culligan International Company (US), Pentair Residential Filtration LLC (UK), Feedwater Limited (UK), and BWT Aktienge¬sellschaft (Austria) are inspiring the growth of the market in the coming period.
The North American regional market is expected to take the lead in the development of the market.
A 6.65% CAGR is expected to affect the market positively.
The segments of application, flow rate, sales channel, type, and region are created in the global market.
The increasing health concerns of consumers are expected to direct the market’s growth.