Thursday, June 30, 2022

Water Softening Systems Market Size, Share, Top Companies, Development, Trends Technology Innovation 2030

Water Softening Systems Market  Size, Share, Top Companies, Development, Trends Technology Innovation 2030
Reporst and Data | Water Softening Systems Market
Rising demand for water softening systems in construction, manufacturing sectors, and municipalities is a key factor driving market revenue growth

The global water softening systems market size is expected to reach USD 2.69 Billion in 2030 and register a revenue CAGR of 6.9% during the forecast period, according to a latest report by Reports and Data. Rising demand for water softening systems in industries and municipalities is a key factor expected to drive market revenue growth during the forecast period.

Municipalities are required to provide clean water free of contaminants to consumers and water supplied should be free of hardness because it would be used for drinking, bathing, and washing. If the water is overly hard, it generates less lather, which is undesirable for washing and bathing. Municipality water supply is primarily for residential, commercial, and firefighting services. Water with excessive hardness is also unfit for human consumption. This is resulting in rising popularity of water softeners in municipalities. In addition, adoption of water softeners is increasing in industrial sectors. Industrial water softeners reduce hardness with resin. The resin functions as industrial hard water treatment, reducing hardness using salt, which is periodically regenerated. Rising demand for softening systems in industries and municipalities is expected to drive market revenue growth during the forecast period.

Improving water hygiene through soft water is a strategy for protecting health of consumers, communities, and households. Soft water could benefit health enormously and aid in avoiding the negative impacts of hard water. Organizations such as World Health Organization (WHO) are encouraging water hygiene and raising consumer awareness, which is expected to fuel revenue growth of the water softeners market. According to WHO, 785 million people do not have access to basic drinking water, with 144 million relying on surface water. At least 2 billion people in the world drink polluted feces-infected water. Increasing promotion of softwater by health organizations is expected to boost the revenue growth of the market during the forecast period.

However, the cost of water softening systems is high. The average cost of a normal air softening system is between USD 600 to USD 2,500, depending on the type of unit and installation. Large capacity industrial units can cost up to USD 10,000.  Other costs for using a water softener system or unit is for refilling the salt tank and maintenance costs of the unit. High initial cost and for maintenance makes water softening systems less popular in rural areas, which is expected to hamper revenue growth of the market to some extent during the forecast period.

Some Key Highlights From the Report

  • The salt-based ion-exchange softener segment is expected to account for a considerably large revenue share over the forecast period due to increasing demand for these types of water softeners to protect residential and commercial building plumbing systems. Salt-based ion-exchange softeners safeguard plumbing pipes and fixtures from the adverse effects of hard water.
  • Multi-cylinder segment revenue is expected to expand at a steady CAGR throughout the forecast period due to increasing use of multi-cylinder water softening systems in commercial buildings. The advantage of a multi-tank system is that only one of the other tanks is used to soften water when usage is low. Also, these systems cater to a peak and minimum flow rates of building without wasting salt or water or causing inaccurate metering or channeling in the resin.
  • Europe market is expected to register a steady revenue CAGR over the forecast period due to increasing investments by government and private sector companies in countries in the region for development of water softening systems. In addition, steady industrial growth in the region is supporting demand for water softeners and is expected to drive revenue growth of the market during the forecast period.

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  • Some major companies in the global market report include AO Smith Water Technologies Inc., Evoqua Water Technologies LLC, EcoWater Systems LLC., Watts Water Technologies Inc., Kinetico Incorporated, Culligan International Company, BWT AG, Feedwater Limited, Envicare Technologies Pvt. Ltd., Marlo Incorporated, Monarch Water Ltd., HydroFLOW USA, and Canature Environment Products Co., Ltd.
  • In December 2021, Culligan International and Waterlogic Group Holdings announced a combination to create a leader in sustainable drinking water solutions and services. The combination will accelerate the delivery of sustainable consumer and commercial water solutions and services, providing clean, safe, and soft water to over 100 million consumers globally.

For this report, Reports and Data has segmented the global water softening systems market based on softener type, flow rate, cylinder type, application, distribution channel, and region:

  • Softener Type Outlook (Revenue, USD Billion; 2019-2030)
    • Salt-Based Ion Exchange Softener
    • Salt-Free Water Softener
  • Flow Rate Outlook (Revenue, USD Billion; 2019-2030)
    • 05 GPM to 30 GPM
    • 30 GPM to 60 GPM
    • 60 GPM to 90 GPM
    • Above 90 GPM
  • Cylinder Type Outlook (Revenue, USD Billion; 2019-2030)
    • Twin Cylinder
    • Mono Cylinder
    • Multi Cylinder
  • Application Outlook (Revenue, USD Billion; 2019-2030)
    • Residential
    • Commercial
    • Industrial
  • Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
    • Specialty Stores
    • Hypermarkets/Supermarkets
    • Online Stores
  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      1. S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Sweden
      7. BENELUX
      8. Rest of Europe
    • Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of MEA

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