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The point-of-use water treatment systems market is projected to grow from USD 15.0 billion in 2020 to USD 23.4 billion by 2025, at a CAGR of 9.29% during the forecast period. The point-of-use water treatment systems market has been growing due to the increasing demand for clean drinking water, growing awareness about the benefits of water treatment, and technological innovations in the water treatment industry.
“In terms of value & volume, Counter-top units is projected to dominate the point-of-use water treatment systems market in 2019.”
The counter-top units segment is projected to dominate the point-of-use water treatment systems market, in terms of both value & volume, during the forecast period. As the counter-top units are effective and has larger filtration area for additional stages of filtration. Counter-top units help in removing a wide range of harmful water pollutants. This systems require minimal maintenance, requires less filter changes, and are used in various applications such as, homes, offices, and other non-residential applications.
“The reverse osmosis technology is projected to hold the largest market share during the forecast period.”
The reverse osmosis technology accounted for the largest share in the point-of-use water treatment systems market, in terms of value, in 2019, and will continue to hold its market position throughout the forecast period. This dominance is attributed to its numerous benefits, including capability of removing up to 99% of dissolved contaminants found in feed water, and improving the taste and color of water; simple maintenance, and removal of contamination such as, lead, chlorine & chloramine, nitrates, pesticides, sulfates, fluoride, bacteria, pharmaceuticals, and arsenic. The filtration methods segment followed the reverse osmosis segment, in terms of market share in the point-of-use water treatment systems market, in 2019.
“The residential segment is projected to be the fastest-growing end-use sector in the point-of-use water treatment systems market from 2020 to 2025.”
Based on application, the market is segmented into residential and non-residential. Non-residential applications are further segmented into commercial, industrial, healthcare, educational institutes, and others. The others segment includes stadiums, airports, and railway stations. It is necessary to treat water in these applications as the contaminated water for cooking and drinking can cause various waterborne diseases, such as typhoid, cholera, and dysentery. Moreover, growth in the residential segment can be attributed to the exponential growth in residential construction across the world.
“In terms of both value and volume, the Asia Pacific point-of-use water treatment systems market is projected to grow at the highest CAGR during the forecast period.”
In terms of value and volume, the Asia Pacific region is projected to grow at the highest CAGR from 2020 to 2025. Factors such as the ready availability of raw materials, cheap labor cost, along with sophisticated technologies & innovations, have driven the growth of the economy in the Asia Pacific region. According to the World Bank, the two economic giants of the Asia Pacific region, China and Japan, are the world’s second- and third-largest economies as of 2019.
According to the World Bank, Asia Pacific was the fastest-growing region, in terms of both population and economic growth. According to the Population Reference Bureau, China, India, and other emerging Asia Pacific countries had a combined population exceeded 4.5 billion in 2019, which is projected to become an one of the important driver for global consumption of point-of-use water treatment systems over the next two decades.
Key factors such as rapid urbanization, growing awareness about water purification technologies, growth in the middle-class population, and rise in disposable income are factors projected to drive the demand for point-of-use water treatment systems in the Asia Pacific, during the forecast period. Additionally, the increase in water contamination and a shortage of clean drinking water supply have led to an increase in the demand for point-of-use water treatment systems
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the point-of-use water treatment systems market.
- By Department: Sales/Export/Marketing: 62%, Production: 26%, and CXOs: 12%
- By Designation: Managers: 55%, CXOs: 15%, and Executives: 30%
- By Region: North America: 18%, Europe: 14%, Asia Pacific: 42%, Middle East & Africa: 22%, and South America: 4%
The global point-of-use water treatment systems market comprises major manufacturers, such as Pentair Plc. (UK), Panasonic Corporation (Japan), LG Electronics (South Korea), Honeywell International Inc. (US), Hindustan Unilever Limited (UK), COWAY CO., Ltd (South Korea), Culligan (US), Eureka Forbes (India), BWT Aktiengesellschaft (Austria), Tata Chemicals Ltd. (India), Global Water Solutions Ltd. (Jersey), and Whirlpool Corporation (US).
The market study covers the point-of-use water treatment systems market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on device, technology, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the point-of-use water treatment systems market.
Key Benefits of Buying the Report
- The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall point-of-use water treatment systems market and its segments and sub-segments.
- This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies.
- The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.