Water Treatment System (Point of Use) Market Expected to Raise Moderately over 2023
Market Overview
The system used to purify water
to make it consumption fit is called a water treatment system. The installation
of such systems are done at waterline connection with individual or multiple source
line that are being used in bathroom sinks or kitchen. Technologies, such as UV
technology, activated carbon, and reverse osmosis can aid them to function with
greater effectively.
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The world water treatment system market can expand at above 8.50% CAGR during
2018 to 2023(the forecast period). Through this time, the expected valuation of
the market is USD 28,072.6 Mn by 2023 from USD 17,529.4 Mn in 2017. Market
Research Future (MRFR) in its latest “Water Treatment System (Point of Use) Market
2020” report discussed the market. It focused on competitive analysis,
segments, and drivers of the market. The report offers insights into future of
the market and its demographic progress, which can enable the market players to
plan accordingly.
The rise in cases of water-borne
diseases and increase in initiatives by governments for the supply of purified and
clean water can drive the expansion of the water treatment system. The World
Health Organization (WHO) have organized several campaigns to raise awareness
among people to promote safety and health from waterborne disease.
On the downside, equipment and
maintenance solutions of water treatment system are expensive. In addition, the
high demand for packaged drinking water owing to their easy handling and
portability can challenge the world water treatment system market.
Market Segmentation
The report details segmental
analysis of the world water treatment system market for comprehensive understanding.
The market study is based on device, end-use and technology. The device based
segments of the water treatment system market are faucet-mounted filters, counter-top
units, and other. The technology based segments of the water treatment system
market are distillation, filtration, reverse osmosis, and others. The
filtration segments are mechanical filters, activated carbon filters, and bio
sand filter. The end-use based segments of the global water treatment system
market are residential and non-residential. The residential segment can gain
high traction in the years to come.
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Regional Analysis
Asia Pacific water treatment
system (point of use) market accounted for the grand share in the global water
treatment system market, followed by North America and Europe. The increased
water treatment system practices across Europe and Asia Pacific can prompt the market
rise in these regions. High urbanization can cause the Asia Pacific water
treatment system market to rise rapidly across emerging regions owing to economic
development. The rise need for the same can fuel the high demand for water
treatment systems by residential customers. The high number of residential
customers those prefer water treatment system to operate over other traditional
systems can prompt the installation count. Thus, boost the regional market
rise. The high focus of government of EU and North America and reputed authorities
on clean water management, plus rise in the awareness for RO systems and water
filters across the middle class populations can drive the water treatment
system market rise among these developing regions.
Key Players
Honeywell International Inc.
(U.S.), 3M Company (U.S.), Pentair plc (U.K.), Koninklijke Philips NV (The
Netherlands), Unilever PLC (U.K.), Panasonic Corporation (Japan), General
Electric Company (U.S.), Watts Water Technologies, Inc.(U.S.) LG Electronics Inc. (South Korea), and
Danaher Corporation(U.S.) are some reputed players listed by MRFR in the report
and the market analysis has been done on the forefront of competition of the
world water treatment system (point of use) market.
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