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Rising Use of Water Softening Systems in Residential Segment to Propel Global Water Softening Systems Market

Press release Description

Albany, New York, August 24, 2016: Market Research Reports Search Engine (MRRSE) has recently added a new market intelligence study to its vast collection of research reports. The 159-page research study, titled “Water Softening Systems Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025,” provides a detailed analysis of the market, emphasizing on the growth factors and opportunities. The key drivers, challenges, product portfolio, and key geographical segments of the market have also been mentioned in the research report. The market has been classified on the basis of product, application, and geography to give a clear understanding of the overall market. 

As per the research study, in 2014, the global water softening systems market was worth US$6.2 bn and is estimated to register a 5.90% CAGR between 2015 and 2025. The rising adoption of salt-free water softeners worldwide and growing focus on acquiring quality certifications for the use of metered systems are some of the current trends that are estimated to generate promising opportunities in the next few years.

The rapid growth of the construction industry in developing economies is one of the key factors estimated to augment the growth of the water softening systems market across the globe in the near future. The rising use of water softening systems in the residential segment and technological developments in these systems are further projected to contribute extensively towards the development of the overall water softening systems market in the next few years. Nevertheless, the low awareness regarding the advantages of using soft water in comparison with hard water and strict government regulations are estimated to curtail the growth of the market in the coming years.

The global water softening systems market has been classified on the basis of application into commercial, industrial, and residential. Among these, the residential segment is estimated to exhibit a 6.20% CAGR between 2015 and 2025, on the other hand, the commercial segment is anticipated to register a 5.60% CAGR between 2015 and 2025. The significant growth of these two segments can be attributed to the growing use of water softening systems for water treatment in the food and beverage segment and increasing prevalence of hard water across the globe.

Furthermore, the research study throws light on the competitive scenario of the global water softening systems market and offers an in-depth vendor analysis for the same. To provide a clear picture of the global market, the research study has included detailed profiles of the key players and a SWOT analysis. Some of the leading players engaged in the water softening systems market across the globe are Pelican Water Systems, Harvey Water Softeners Ltd., Kinetico Incorporated, Canature Environmental Products Co., Ltd., Culligan International Company, BWT AG, General Electric Company, Marlo Incorporated, and EcoWater Systems LLC.

Browse Full Global Water Softening Systems Market Report with TOC:

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