Point Of Use Water Treatment Systems Market
Point Of Use Water Treatment Systems Market - Global Industry Assessment & Forecast
- By Applications Residential, Non- Residential
- By Device Tabletop Pitchers, Faucet-mounted Filters, Counter-top Units, Under-the-sink Filters, Other Devices
- By Technology Reverse Osmosis Systems, Ultrafiltration Systems, Distillation Systems, Disinfection Methods, Filtration Methods, Ion Exchange, Other Technologies
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||USD 18.7 Billion|
|Revenue 2028:||USD 29.8 Billion|
|Revenue CAGR (2021 - 2028):||8.1%|
|Fastest Growing Region (2021 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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Global Point of Use Water Treatment Systems Market is valued at USD 18.7 Billion in 2021 and is projected to reach a value of USD 29.8 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 8.1% over the forecast period.
The market growth will likely be boosted by the rising need for clean water and investments to increase efficiency. Along with practical government measures, a large drop in raw materials and components prices is projected to stimulate industry expansion. To prevent an outbreak of water-borne diseases, governments around the world are promoting the greater adoption of water purification technologies. The industry's biggest challenge is developing increasingly advanced water treatment systems that utilize Bluetooth and other cutting-edge technologies. To increase their acceptance, businesses are investing in R&D and providing innovative designs and expanded capabilities. Some businesses in this market conduct their operations in a socially responsible manner. Due to growing awareness of water-borne infections, the market is predicted to expand significantly throughout the forecast period. In the upcoming years, the market is expected to be driven by the increasing demand for smart water treatment systems. Additionally, several environmental campaigns run by governments and social workers are anticipated to support the expansion of the world market for point-of-use water treatment devices.
Point of Use Water Treatment Systems Market Size, 2021 To 2028 (USD Billion)
However, the high costs of production and upkeep for filters may limit market expansion within the anticipated time frame.
The Point of Use Water Treatment Systems market is segmented based on Applications, Device, Technology, and Region. The Application market is segmented as Residential and Non- Residential. Furthermore, based on the Device, the market is further divided into Tabletop Pitchers, Faucet-mounted Filters, Counter-top Units, Under-the-sink Filters and Other Devices. In addition, based on the Technology, the market is further bifurcated into Reverse Osmosis Systems, Ultrafiltration Systems, Distillation Systems, Disinfection Methods, Filtration Methods, Ion Exchange and Other Technologies. Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Based on Devices
The countertop units category dominated the market in 2021
Based on Devices, the market is segmented as Food & Beverages, Personal Care, Healthcare, and others. Countertop units are expected to dominate the market for point-of-use water treatment systems. On-counter filters are another name for countertop units. These filters directly connect to the faucet and are mounted on the counter. They have a diverter that enables consumers to choose between filtered and unfiltered water. Reverse osmosis and activated carbon technology are used in countertop units. These filters reduce contaminants such as germs, filth, chlorine, particulates, rust, lead, mercury, silt, copper, benzene, cadmium, and cysts.
Based on Applications
The residential segment category dominated the market in 2021
Based on Applications, the market is segmented as Residential and Non-Residential. The residential segment is anticipated to grow at the highest rate during the forecast period. The utilization of point-of-use water treatment systems to create potable water for household use is the major component of the residential application. Due to the rising demand for treated drinking water, the elimination of undesirable taste, odor, discoloration, suspended particles, biodegradable organics, and harmful bacteria, the residential water treatment application is anticipated to experience rapid expansion.
Based on Regional Analysis
Asia Pacific is expected to register the fastest growth with the highest CAGR during the forecast period.
The Asia Pacific is estimated to dominate the largest market share during the forecast period. Because of the area's potential for expansion and fast urbanization. The growing household adoption of water treatment systems, economic growth, and greater attention of major companies on creating technologically cutting-edge, economically viable devices in this region all contribute to the regional market growth. Additionally, the growing usage of contemporary technology is anticipated to promote regional market expansion. The area is also fast becoming urbanized. The uncertain quality of urban water in emerging countries is also causing an unprecedented demand for water treatment equipment.
The key players in the Point of Use Water Treatment Systems market include- Pentair PLC (US), Honeywell International (US), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), BEST Water Technology AG (Austria), Toray Industries (Japan), ALTICOR (US), 3M COMPANY (US), Tata Chemicals (India), KENT RO Systems (India), Whirlpool Corporation (US), Eureka Forbes (India), Culligan International (US), Instapure Brands (US), Helen of Troy Limited (US), GE Appliances (US), DuPont (US), A.O. Smith Corporation (US), Kinetico (UK), Ecowater Systems (US), WestAqua Distribution OU
· In February 2019, as part of Filtration Solutions, the company acquired Aquion, Inc. (“Aquion”). This acquisition has expanded its product portfolio and strengthened its geographical footprint, thereby multiplying its customer base.
· In April 2020, Panasonic entered into the central purifier business in Indonesia for domestic use of well water. Using the rapid oxidation process, this device eliminates hard-to-remove iron to provide clean water for a safe and healthy life.
Segmentation of Point of Use Water Treatment Systems Market
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
What is the global demand for Point of Use Water Treatment Systems in terms of revenue?
The global Point of Use Water Treatment Systems valued at in 2020 and is expected to reach in 2028 growing at a CAGR of 8.1%.
Which are the prominent players in the market?
The prominent players in the market are Pentair PLC (US), Honeywell International (US), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), BEST Water Technology AG (Austria), Toray Industries (Japan), ALTICOR (US), 3M COMPANY (US), Tata Chemicals (India), KENT RO Systems (India), Whirlpool Corporation (US), Eureka Forbes (India), Culligan International (US), Instapure Brands (US), Helen of Troy Limited (US), GE Appliances (US), DuPont (US), A.O. Smith Corporation (US), Kinetico (UK), Ecowater Systems (US), WestAqua Distribution OU.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 8.1% between 2021 and 2028.
What are the driving factors fueling the growth of the market.
The driving factors of the Point of Use Water Treatment Systems include
- Increasing water contamination
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Point of Use Water Treatment Systems in 2020.