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Water Softening Systems Market Share, Top Companies, Revenue Outlook And Growth Forecast By 2033
Water Softening Systems Market Trends
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According to The Business Research Company's, 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.
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Market Drivers and Trends:
The increasing water usage is expected to propel the growth of the water-softening systems market in the forecast period. Water consumption refer to the amount of water that is not returned to the source after usage. Water-softening systems are designed to reduce the hardness of water by removing minerals such as calcium and magnesium. The process of water softening, particularly during the regeneration phase, can lead to increased water usage. For example, according to the Nature journal, a UK-based weekly scientific journal, global water demand for all uses is about 4,600 km3 per year, which will increase by 20% to 30% by 2050, up to 5,500 to 6,000 km3 per year. The global water demand for agriculture will increase by 60% by 2025. Therefore, increasing water usage will drive the growth of the water-softening systems market.
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.
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Major Key Players of the Market:
EcoWater Systems LLC, Kinetico Incorporated, Hydroflux Pty Ltd., Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Watts Water Technologies Inc., Feedwater Limited, Qingdao Haier Co. Ltd., Dwater Limited, Culligan International Company, Water-Right Inc., Canature Environmental Products Co. Ltd., A.O. Smith Corporation, 3M Company, General Electric Company, Whirlpool Corporation, COWAY Co. Ltd., LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Unilever N.V., Procter & Gamble Co., Kao Corporation, Colgate-Palmolive Company, Church & Dwigh*t Co. Inc., Henkel AG & Co. KGaA, Reckitt Benckiser Group plc, Clorox Company, Ecolab Inc., Dow Chemical Company, BASF SE, Solvay SA, Akzo Nobel N.V.
Water Softening Systems Market 2024 Key Insights:
• 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%.
• Water-Softening Systems Market Flourishes Amidst Surging Agricultural Activities
• Xylem Inc. Redefines Water Treatment With Xylem Edge Control In The Water Softening Systems Market
• North America was the largest region in the water softening systems market in 2023
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