Hard water comprises several minerals including magnesium carbonate, calcium, and manganese. The growing awareness regarding the benefits of the removal of these minerals is estimated to boost the demand for water softening systems in the near future. Water softening refers to the removal of magnesium, calcium, and other metal ions in hard water.
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In 2014, the global market for water softening system was worth US$6.2 bn and is estimated to register a 5.90% CAGR between 2015 and 2025. The growing demand from residential projects is expected to propel the overall market in the near future.
Technological Developments to Encourage Growth of Global Water Softening Systems Market
The rapid growth of the construction industry is one of the prime factors estimated to bolster the growth of the global water softening systems market in the coming few years. Moreover, the growing use of these systems in the residential segment and consistent technological development are further expected to augment the growth of the overall market in the next few years. Furthermore, the rising demand for salt-free water softeners systems in order to acquire quality certifications is estimated to generate potential opportunities for the key players in the coming years.
On the flip side, the rigid government restrictions and regulations and lack of awareness among the population regarding the use of soft water are expected to impede the growth of the global market for water softening systems in the next few years. Nevertheless, the growing use of metered systems rather than time-based systems is projected to drive the global market in the near future.
Salt-based Segment Led Global Water Softening Systems Market in 2014
The global market for water softening systems can be classified on the basis of product into salt-free and salt-based water softening systems. In 2014, the salt-based product segment led the global water softening systems market, accounting for an 89.6% share. The rapid growth of this segment can be attributed to the emergence of innovative systems and solutions and technological developments in this field. In addition, the availability of diverse products, including smart water softeners, is estimated to boost the demand for salt-based products in the coming few years.
The increasing number of applications of water softening systems in the residential and commercial sectors is encouraging the growth of the overall market in the next few years. The key players in the water softening systems market across the globe are making efforts to offer innovative products to the consumers in order to boost their sales figures in the near future. Furthermore, anticipating the potential opportunities in the market, several new players are expected to participate in the global market in the next few years.
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Some of the prominent players in the global market for water softening systems are Canature Environmental Products Co., Ltd, General Electric Company, Pelican Water Systems, Marlo Incorporated, EcoWater Systems LLC, Kinetico Incorporated, BWT AG, Culligan International Company, and Harvey Water Softeners Ltd.