Rise in investments in water treatment plants and surge in
environmental concerns among consumers along with increase in water
treatment rules and regulation have boosted the growth of global
water softening systems market.
PORTLAND, Ore., July 7, 2022
/PRNewswire/ -- Allied Market Research recently published a report,
titled, "Water Softening Systems Market by Softener Type
(Salt-based ion exchanged softeners, Salt-free water softener), by
Type (Twin cylinder, Mono cylinder), by End Use (Residential,
Non-residential): Global Opportunity Analysis and Industry
Forecast, 2021-2031". As per the report, the global water
softening systems industry was pegged at $2.6 billion in 2021, and is expected to reach
$4.6 billion by 2031, growing at a
CAGR of 5.7% from 2022 to 2031.
Major determinants of the market growth
Rise in investments in water treatment plants and surge in
environmental concerns among consumers along with increase in water
treatment rules and regulation have boosted the growth of global
water softening systems market. In addition, developments in water
treatment technology and awareness regarding sustainability are
expected to open new opportunities.
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Covid-19 scenario:
- The Covid-19 pandemic drastically affected the market due to
disruptions in the supply chain and value chain. Moreover, the
pandemic restricted the supply of raw materials, which negatively
impacted the development of end-use markets.
- During the pandemic, many companies stopped manufacturing water
softeners and water filtration system due to lack of workers and
prolonged lockdown.
The salt-based ion exchanged softeners segment to manifest
the highest CAGR through 2031
By softener type, the salt-based ion exchanged softeners segment
is estimated to portray the highest CAGR of 5.9% during the
forecast period. Moreover, the segment held the largest share in
2021, accounting for more than two-thirds of the global water
softening systems market, owing to salt-based water softeners
surpass salt-free systems in terms of removing hardness-causing
minerals from water. The report includes analysis of the salt-free
water softener segment as well.
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Systems Market:
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The twin cylinder segment dominated the market
By type, the twin cylinder segment held the largest share in
2021, contributing to more than three-fifths of the global water
softening systems market. In addition, the segment is projected to
manifest the highest CAGR of 5.9% during the forecast period, owing
to twin tank water softeners offer two cylinders that soften water
independently. The report includes an analysis of the mono cylinder
segment.
Europe held the lion's
share
By region, the market Europe
held the largest share in 2021, accounting for around one-third of
the market. This is due to rise in population, increase in demand
for water softeners in municipalities and industries. However, the
global water softening systems market across Asia-Pacific is expected to register the
highest CAGR of 6.4% during the forecast period, owing to potential
in the developing countries such as India and Japan to expand their water softener
operations in residential and non-residential sectors.
Major market players
- BWT AG
- Culligan International Company
- Dwater Limited.
- EcoWater Systems LLC
- Harvey Water Softeners Ltd.
- Atlas Filtri
- Envicare Technologies Pvt. Ltd.
- Kinetico Incorporated
- Marlo Incorporated
- Monarch Water Ltd.
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