Point-of-Use Water Treatment Systems Market segmentation, analysis, growth, trends from 2018 to 2027
The global point-of-use
water treatment systems market size is anticipated to witness
significant growth on account of the increasing levels of water pollution, attributed
to the rise in urbanization and industrialization, coupled with the increasing
importance of clean water. As per a recent report by Fortune Business Insights
titled, “Point-of-Use Water Treatment
Systems Market Size, Share & Industry Analysis, By Product Type (Under The
Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters,
and Others), By Category (RO Filters, UV Filters, Gravity Filters, and Others),
By Application (Residential and Light Commercial) and Regional Forecast, 2020-2027,”
the market value stood at USD
17.30 Billion in 2019 and is anticipated to rise at a CAGR of 8.1% to reach USD
32.20 Billion by 2027.Outbreak of covid-19 is expected to have significant
impact on growth of the market. The year-on-year growth rate is estimated to
decline for the next two years as compared to the earlier. Therefore, the
market is expected to grow at a lower CAGR during the forecast period.
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unprecedented impact on businesses across industries. However, this, too, shall
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and some are thriving. Overall, almost every sector is anticipated to be
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The
Report Answers the following Questions?
·
How fierce is the competition of the market?
·
What are the key trends, and current industry
developments of the market?
·
Which strategies are executedby market
players? How far is the success rate?
·
What is the impact of smart purifiers on the
point-of-use water treatment system market?
Browse
Summary of This Research:
https://www.fortunebusinessinsights.com/point-of-use-water-treatment-systems-market-102814
Drivers
& Restraints-
Advent
of Smart Water Treatment Systems will Add Impetus to Market
The increasing levels of water
pollution, rise in prevalence of water-borne diseases such as typhoid, cholera,
malaria, anemia, dengue, and others, and the rising importance of clean
drinking water are the major point-of-use water treatment systems market growth
drivers. In addition to this, the implementation of advanced technology in
terms of water purification systems primarily focuses on removing harmful
contaminants, and complete water purification for home and light commercial
buildings, thereby adding impetus to the market.
On the negative side, water
purification systems such as ultra-violet filters and reverse osmosis filters
are expensive and the maintenance costs of such systems are also high. This
poses a major challenge to the market. Nevertheless, the introduction of the
Internet of Things and the advent of smart point-of-use water treatment systems
may create lucrative growth opportunities for the market in the coming years.
Segment-
RO
Filters Segment to Dominate Owing to High Preference for Treating Hard Water
Based on category, RO filters segment
dominated the market was dominated in 2019 on account of the highly advanced
membrane filtration technology that guarantees 99% of the germ removal from
water, thereby offering pure water. Besides this, RO filters are also
considered to be the best solution for treating hard water. However, the UV
filters segment earned a 22.8% share in the market.
Regional Analysis-
Asia
Pacific to Register Fastest Growth Rate Owing to Increasing Adoption of Water
Treatment Systems
Asia Pacific earned the largest
point-of-use water treatment systems market share and is expected to rise at a
CAGR of 9.7% in the forecast period.Factors attributed to the growth of this
region are rising awareness about the advantages of water treatment systems. In
addition to this, China is one of the major consumers of water treatment
systems. This is followed by Japan, Australia, and South Korea. Other regions
such as North America and Europe are anticipated to register considerable
growth in the foreseeable future. In
2019, the market in North America earned USD 4.29 billion on account of the
presence of large commercial manufacturers and the well-established
distribution network in the region.
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Sample PDF Brochure:
Competitive
Landscape-
Key
Players Invest in R&D of Better Water Treatment Systems for Better Revenue
Generation
Currently, the market is fragmented on
account of the presence of many players. A majority of players are engaging and
investing massively on research and development of several point-of-use water
treatment system products with higher efficiency and at reasonable operational
costs. Such initiatives taken by companies will help them gain a competitive
edge in the market.
Some
of the key Industry Developments of the Point-of-Use Water Treatment Systems
Market are listed below:
February
2019 – Brita, a German water purifier company entered India with its
latest range of water purifiers called “MyPure Max”. Brita also invested an
esti9mated USD 5.3 million and more into this new project located in India to
launch its products at low prices, thereby expanding its portfolio across the
Indian market.
December
2019 –A new water purifier was introduced by Kent RO systems with the
latest zero wastewater technology. Kent RO Systems aims at reducing the
wastewater and recycle as much water as possible, without compromising withthe
mineral contents.
List
of key vendors in this market include:
•
Global Water
Solutions Ltd. (USA)
•
Panasonic
Corporation (Japan)
•
Best Water
Technology Group (Austria)
•
Katadyn Group
(Switzerland)
•
General
Ecology Inc. (USA)
•
A. O. Smith
Corporation (USA)
•
Culligan
International Company (USA)
•
LG
Electronics (South Korea)
•
Kent RO
Systems Ltd. (India)
•
Eureka Forbes
Ltd. (India)
•
Brita LP
(USA)
•
Unilever PLC
(UK)
•
Helen of Troy
Limited (USA)
•
Coway Co.
Ltd. (South Korea)
•
Pentair PLC (USA)
•
Other vendors
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