The Market Statsville Group (MSG) publishes the new report on the "Smart Water Softeners Market by Product Type (Wall mounted, Floor), by Grain Capacity (Upto 40,000, Upto 60,000, Upto 80,000), by Distribution Channel (Online and offline), by End User (Residential, Institute), and by Region - Global Trends, Market Share, and Forecast to 2027". The global smart water softeners market size was valued at USD 408.11 million in 2020 and is projected to reach USD 1,151.77 million by 2027, growing at a CAGR of 16.00% from 2020 to 2027. A smart water softener is an upgraded version of a traditional water softener used for automatic water softening in households. It is connected with wireless networks, such as Wi-Fi and Bluetooth, and can be remotely operated by using an app on smartphones. The primary benefit of a smart water softener is that users can track and control indoor air quality and change basic settings through smartphones. Moreover, an increase in awareness about the adverse effects of hard water on health encourages electronics companies to develop advanced smart water softener, which is anticipated to offer remunerative opportunities for expanding the global market during the forecast period.
Global Smart Water Softeners Market Segmentation
The overall smart water softeners market has been segmented into product type, grain capacity, distribution channel, end user, and region.
- By Product Type (Wall mounted, Floor)
- By Grain Capacity (Upto 40,000, Upto 60,000, Upto 80,000)
- By Distribution Channel (Online and Offline)
- By End User (Residential, Institute)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Upto 60,000, by grain capacity, is estimated to hold the largest market share during the forecast period.
The types of smart water softeners covered in the study include upto 40,000, upto 60,000, and upto 80,000. The grain capacity of upto 60,000 has a higher demand, owing to consumers' higher demand for soft water. In 2020, upto 60,000 have the largest market revenue share of 46.61% and growing at a CAGR of 17.10% during the forecast period 2021-2027. An increase in health awareness, owing to the health effect of hard water, has also contributed to the market growth. In addition, manufacturers are introducing modern technology, such as Wi-Fi enabled smart water softener, that informs consumers whether softener salt is needed and sends alerts if potential issues are detected, such as continuous water flow over some time or excess water usage above the normal usage.
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The growing health concern is encouraging customers, manufacturers, and governments to look for environment-friendly and sustainable products. To cater to this demand, manufacturers are developing technologically advanced water softening systems, which help to reduce water wastage. These systems help to improve the efficiency of water and salt. They also reduce sodium and chloride content in water to increase water efficiency in all its uses. Some manufacturers have introduced regeneration-efficient water softening systems by using demand-initiated regeneration.
North America accounts for the largest market share during the forecast period in the smart water softeners market.
Based on the regions, the global smart water softeners market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East Africa. In 2020, North America accounted for the highest market share of 41.27% in the global smart water softeners market. It was anticipated to maintain its dominance throughout the forecast period, followed by Europe and the Asia Pacific.
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Increased consumer understanding of the health, cleaning, and household use benefits of this technology have a positive impact on water softeners sales across North America. Growing environmental apprehensions are encouraging customers, manufacturers, and governments to look for nature-friendly and sustainable products, which are anticipated to fuel the demand for these products. Manufacturers are developing technologically advanced softening systems, which help to reduce wastage. These systems help in improving efficiency by reducing sodium chloride content by making it suitable for all end-use applications in residential and institutional sectors. Therefore, this is likely to have a positive outlook on the smart water softener's market share.
Some of the major companies that operate in the global smart water softeners market are A.O Smith, 3M, Culligan, EcoWater System, Pentair, Panasonic Corporation, Whirlpool Corporation, Coway, Kenmore, and GE Electric. These manufacturers have generated the maximum market share in 2020.
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