The Water Softening Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Water Softening Systems Global Market Report 2024, The water softening systems market size has grown strongly in recent years. It will grow from $4.02 billion in 2023 to $4.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to water quality concerns, industrial and residential demand, health and appliance protection, infrastructure development, consumer preferences.
The water softening systems market size is expected to see strong growth in the next few years. It will grow to $5.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to water softening as a service, industrial applications, customization and scalability, consumer education and awareness, water recycling and reuse, market expansion in developing regions. Major trends in the forecast period include smart technology integration, sustainable solutions, health-centric solutions, consumer education and awareness, customization and scalability.
Rising agricultural activities are expected to propel the growth of the water-softening systems market going forward. Agricultural activities refer to the harvesting, milking, breeding, keeping, and producing of agricultural products, as well as raising animals for use in farming. Water-softening systems help reduce the water's surface tension and are used to supply nutrients, support water and minerals, speed up plant growth, and boost overall yields by allowing water to be easily absorbed by the plant. For instance, according to the Ministry of Agriculture and Farmers Welfare, an India-based Government ministry, Wheat production is estimated to reach 112.18 million tonnes during 2022-23, which is 4.12 % higher than 107.74 million tonnes recorded during 2021-22. Therefore, rising agricultural activities are driving the growth of the water softening systems market.
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The water softening systems market covered in this report is segmented –
1) By Type: Twin Cylinder, Mono Cylinder, Multi-Cylinder
2) By Softener Type: Salt-Based Ion Exchange Softener, Salt-Free Water Softener
3) By Operation: Electric, Non-Electric
4) By Application: Residential, Commercial, Industrial
5) By Distribution Channel: Specialty Stores, Hypermarkets/Supermarkets, Online Stores
Top Major Players:
- EcoWater Systems LLC
- Kinetico Incorporated
- Hydroflux Pty Ltd.
- Envicare Technologies Pvt. Ltd.
- Wychwood Water Systems Ltd.
North America was the largest region in the water softening systems market in 2023.
Technological advancements have emerged as a key trend gaining popularity in the water softening systems market. Major companies operating in the water softening systems market are focused on innovating new technologies to sustain their position in the market. For instance, in January 2021, Xylem Inc., a US-based provider of water technology, launched Xylem Edge Control, a new smart wastewater treatment solution. It is a new suite of innovative digital technologies that helps wastewater utilities swiftly and inexpensively reduce a sizable amount of these pollutants. With the help of Edge Control's ready-to-use digital solutions, operators of conventional activated sludge (CAS) plants can better manage and monitor their assets, increase nutrient removal, use less energy, and cut expenses.
The water softening systems market report table of contents includes:
1. Executive Summary
2. Water Softening Systems Market Characteristics
3. Water Softening Systems Market Trends And Strategies
4. Water Softening Systems Market - Macro Economic Scenario
5. Global Water Softening Systems Market Size and Growth
…….
26. Global Water Softening Systems Market Competitive Benchmarking
27. Global Water Softening Systems Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Water Softening Systems Market
29. Water Softening Systems Market Future Outlook and Potential Analysis
30. Appendix
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