According to a new market research report published by Credence Research “Global Water Softening System Market (Type (Salt-based, Salt Free), Application (Residential, Industrial, Commercial) Design (Mono Cylinder, Twin Cylinder, Multi Cylinder)) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall water softening system market worldwide is set to grow with a CAGR of more than 7.5% during the forecast period from 2019 to 2027, starting from US$ 2.52 Bn in 2018.
Globally, the water softening system market is growing at a substantial rate based on growing residential sector and rapid industrialization across the globe. Also, increasing awareness of clean water and its effect on human health is driving the demand for water softening systems in homes and industries. Furthermore, various government organizations are supporting the installation of water softening systems in new construction projects.
Developing smart cities and policies for installation of water softening systems is increasing the adoption of these system and thus, contributing to the growing market size of water softening systems. Moreover, innovations in the water treatment techniques and emergence of automation in water treatment and softening process is also propelling the growth of this market. However, presence of substitute water treatment techniques, and lack of awareness in developing and underdeveloped countries is likely to hamper the market growth during the forecast period.
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Some of the major companies profiled in the report include Culligan International Company, EcoWater Systems LLC, Kinetico Incorporated, Envicare Technologies Pvt. Ltd., Hydroflux Marketing Pte. Ltd., Wychwood Water Systems Ltd., Pelican Water Systems, Harvey Water Softeners Ltd., Marlo Incorporated, and BWT AG, among others.