Industry Insight
The global water softening systems market 2020 is planning for preparing to surge its investment in funds as it seeks to hit a hike target in the face of the economic slowdown caused by the Coronavirus pandemic. The figures are accumulated by Market Research Future that focuses on the study over the water softening systems market and comes out to be gaining a towering valuation by the end of 2024. The growth period is calculated to be between 2019 and 2024.
Water Softening Systems Market Leading Regions
Regionally, the global market of water softening systems has been studied among four major regions such as Europe, North America, 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 elevated awareness about the benefits of consuming soft water and rising installation of water softening systems.
Asia-Pacific is likely to record the highest growth rate during the assessment period owing to the boost in foreign direct investments in commercial and residential infrastructure and the growing middle-class population, predominantly in developing countries of this region.
Water Softening Systems Market: Top Impacting Factors
Over the past few years, augmentation of semiconductor, pharmaceutical, food & beverage, and healthcare industries has led to surged demand for ultra-pure water, thereby being projected to propel the demand for water softening systems. Novelty in water treatment procedures, industrial filtration and equipment is majorly driven by rapid automation of the water treatment sector. This would continue to boost the escalation of market.
In the commercial and residential sectors, the development of manufacturing industry is probable to lay a solid foundation for the growth of water softening systems market. On the other side, soft water not only minimizes the need for extra detergents and soaps that are required for cleaning and laundry purposes, but also play a pivotal role in extending the life of appliances such as dishwashers, washing machines, and water heaters. These factors have been toweringly liable to the market’s expansion.
Furthermore, the rising demand for ultra-pure water for residential and commercial sectors is motivating market expansion. Also, upward awareness regarding the issues related to the utilization of hard water is further catering to the demand for the global water softeners systems market.
On the contrary, the factor such as low market penetration in rural areas may encumber the global water softening systems market value in the future timeline.
Water Softening Systems Market Top Players
The well-known players in the water softening systems global market are EcoWater Systems LLC (US), A.O. Smith Water Technologies (US), Culligan International Company (US), BWT Aktiengesellschaft (Austria), Feedwater Limited (UK), Pentair Residential Filtration LLC (UK), Wychwood Water Systems Ltd (UK), Watts Water Technologies Inc. (US), Pelican Water Systems (US), Harvey Water Softeners Ltd (UK), Monarch Water Ltd. (UK), Marlo Incorporated (US), and Qingdao Haier Co., Ltd (China).
Water Softening Systems Market: Leading Segments
The water softening systems global market as per MRFR’s study has been segmented on flow rate, type, application, and sales channel.
In terms of type segment, the global market has included salt-based and salt-free.
In terms of flow rate segment, the global market has included 05 GPM to 30 GPM, 30 GPM to 60 GPM, 60 GPM to 90 GPM, and above 90 GPM.
In terms of the application segment, the global market has included commercial, residential, and industrial.
In terms of sales channel segment, the global market has included online and offline.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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