Water Treatment System (Point of Use) Market Research Report - Global Forecast to 2032

Impact of COVID-19 on the Global Water Treatment System  (Point of Use) Market

The COVID-19 pandemic has spread across the globe and has impacted the growth of the global water treatment systems (point of use) market considerably. Governments worldwide have imposed lockdowns, which has affected most of the industrial players across the globe and forced people to stay within their homes, which, in turn, has reduced the physical interaction among people. Several companies have allowed employees to work remotely from their homes to ensure business continuity during the COVID-19 pandemic, which is expected to hamper the growth of the global water treatment systems (point of use) market over the forecast timeframe. The restrictions imposed on construction activities to comply with the social distancing norms are likely to hinder the growth of the construction industry, which, in turn, is expected to limit the growth of the global water treatment systems (point of use) market.

Operations in the construction sector have been interrupted due to the COVID-19 crisis across the globe. The shift in consumer preference towards essential products is likely to influence the global water treatment systems (point of use) market over the projected timeframe. Furthermore, the COVID-19 outbreak has resulted in the sealing of international borders, which has caused a severe decline in the demand for water treatment systems (point of use) and related products across the globe. Government authorities worldwide have enforced restrictions on travel. Hence, the market is also expected to be affected due to the decrease in the installation of water treatment systems (point of use) in the construction sector. Additionally, the restrictions on public gatherings along with travel bans in several countries are expected to hinder the growth of the global water treatment systems (point of use) market over the forecast period.

Water treatment systems (point of use) are being increasingly adopted in new buildings and construction projects, including residential and non-residential facilities across the globe. The increased focus on social distancing and personal care is likely to affect the demand for construction-related products, including water treatment systems (point of use) during the coming months. The global water treatment systems (point of use) market is expected to recover by Q1 of 2021.