The global water treatment system market could progress at a CAGR of 8.50% during the forecast period (2018–2023), estimates Market Research Future (MRFR). The market could touch the valuation of USD 28,072.6 million by 2023, surpassing its valuation of USD 17,529.4 million in 2017.
Significant companies shaping the worldwide water treatment system market are Whirlpool Corporation (US), LG Electronics (South Korea), Tata Chemicals Ltd. (India), Hindustan Unilever Limited (UK), COWAY CO., Ltd (South Korea), Culligan (US), Pentair Plc. (UK), BWT Aktiengesellschaft (Austria), Honeywell International Inc. (US) Eureka Forbes (India), Global Water Solutions Ltd. (Jersey), and Panasonic Corporation (Japan) among others. Acquisitions, mergers, expansion, and product development are some of the most effective strategies adopted by these vendors in order to stay ahead of their rivals in the market.
Case in point is Pentair, which acquired Aquion Inc. in February 2019. The US. company benefitted extensively from this acquisition as it complemented its value chain for residential applications.
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Market Drivers and Top Barriers
The water treatment system (point of use) market benefits from the rising water pollution along with the increasing urban population. The mounting health awareness among the younger demographic also works in favor of the market. Strict regulatory guidelines that aim at bringing down pollution in drinking water combined with surging health awareness is expected to elevate the position of the worldwide water treatment systems (point of use) market in the years to come.
Point of use water treatment systems are generally quite affordable and have, therefore, generated massive interest among consumers. Also, regions like Europe and North America note a remarkable growth in health awareness which helps the market expand at a tremendous speed. Asia Pacific is also slowly turning out to be a significant market for water treatment system (point of use) given the booming economy and rise in education among the mass.
Manufacturers are focusing on expanding the water purifier business, and are consequently coming up with new strategies to consolidate their position and enlarge their customer base. Companies are making substantial investments in research and development (R&D) to introduce creative designs that feature improved capacities. This helps increase product appeal and also elevate the brand value.
MRFR provides a segmental analysis of the worldwide Water Treatment System (Point of Use) Market for acute understanding. The market has been categorized depending on device, technology, and end-use.
With respect to device, the water treatment system (point of use) market is considered for counter-top units, faucet-mounted filters, and others. Counter-top units segment is expected to acquire the top position in the market on account of their ability to alkalinize drinking water, making it healthy for consumption.
Technology-wise, the water treatment system market (point of use) includes reverse osmosis, distillation, filtration, and others. Types of filtration technology are activated carbon filters, mechanical filters, and bio-sand filter. On the basis of technology, reverse osmosis segment leads the market owing to its cost-effectiveness and useful pathogen-elimination capability.
The end-users in the worldwide water treatment system market are residential and non-residential. The residential segment’s coverage of the market is expected to be maximum among all the end-users, as a result of the expanding worldwide population and rapid urbanization.
South America, Europe, Asia Pacific, Middle East & Africa, North America, are the primary markets for water treatment system (point of use).
Asia Pacific is the most profitable market for water treatment system (point of use), says MRFR. India, China and Japan lend immense support to the regional market by generating highest revenue. China is estimated to be the highest gaining market for water treatment system (point of use) in the region thanks to growing economy and the emergence of local players. Increasing export and import trade also works in favor of the country. The regional market banks upon the continuous technological innovations along with mounting demand for purified water from application industries. Also, the burgeoning urban population in various emerging countries is expected to buoy the market position in the forthcoming years. The water treatment system (point of use) market in Asia Pacific is projected to reach the valuation of USD 10,528.1 million by 2023, achieving a CAGR of 8.92% during the evaluation period.
In 2017, Europe was the second-leading market for water treatment system (point of use) at the value of USD 4,296.90 million. The regional market could touch the valuation of USD 6,789.0 million by 2023, acquiring an impressive CAGR of 8.26% during the appraisal period. Germany is touted to be the most bankable market in Europe as a result of the expanding population and higher economic status. Some factor that could boost the market growth in the United Kingdom (UK) include the growing preference for purified water, high standard of living, and rising number of initiatives for preventing waterborne diseases.
North America is considered to be a strong contender in the global water treatment system (point of use) market in response to the soaring demand for household products and scarcity of clean water. Mounting awareness about waterborne diseases along with rising water consumption for household and commercial purposes also promote market growth in the region. On top of this, high concentration of renowned players such as Honeywell International Inc., Whirlpool Corporation Corporation and Culligan in the region adds to the market strength. Considering all these factors, data experts state the regional market value was USD 4,057.9 million in 2017, and could reach the valuation of USD 6,483.8 million by 2023. Furthermore, the market is expected to achieve a CAGR of 8.46% during the forecast period (2018-2023).
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Table of Contents
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Water Treatment System (Point of Use) Market, by Technology
1.1.2 Global Water Treatment System (Point of Use) Market, by Device
1.1.3 Global Water Treatment System (Point of Use) Market, by End-use
2 Market Introduction
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Buying Criteria
2.5 Macro Factor Indicator Analysis
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List of Assumptions
4 Market Insights
List of Tables
Table 1 Macro Factor Indicator Analysis
Table 2 List of Assumptions
Table 3 Gdp Per Capita in Developing Nations (Usd)
Table 4 Counter-top Units Market Estimates & Forecast, by Region, 2017–2023 (Usd Million)
Table 5 Faucet-mounted Filters Market Estimates & Forecast, by Region, 2017–2023 (Usd Million)
Table 6 Others Market Estimates & Forecast, by Region, 2017–2023 (Usd Million)
Table 7 Reverse Osmosis Market Estimates & Forecast, by Region, 2017–2023 (Usd Million)
Table 8 Distillation Market Estimates & Forecast, by Region, 2017–2023 (Usd Million)
List of Figures
Figure 1 Market Synopsis
Figure 2 Market Attractiveness Analysis: Global Water Treatment System (Point of Use) Market
Figure 3 Global Water Treatment System (Point of Use) Market Analysis, by Technology
Figure 4 Global Water Treatment System (Point of Use) Market Analysis, by Device
Figure 5 Global Water Treatment System (Point of Use) Market Analysis, by End-use
Figure 6 Global Water Treatment System (Point of Use) Market: Market Structure
Figure 7 Key Buying Criteria of Global Water Treatment System (Point of Use) Market
Figure 8 Research Process of Mrfr
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