Water Treatment Systems (Point-of-Use) Market is projected to be worth USD 47.32 billion by 2030, registering a CAGR of 9.31% during the forecast period (2022 to 2030), the market was valued at USD 21.27 billion in 2021.
Water treatment systems are used to treat water worldwide. Many homeowners and office building owners affix these systems to their bathroom faucets, showers, and underneath kitchen countertops. Basically, water treatment systems are used wherever water faucets are in a variety of buildings worldwide.
They purify lower volumes of water than other water treatment systems do. Hence, they are considered to be the final point of contact for purification for water before it’s used for human and animal consumption.
COVID-19 has dramatically changed the nature and viewpoint of the world since it became a major issue in the early spring of 2020. It made concepts like social distancing, regular handwashing, and wearing masks commonplace.
The virus did much more than this though. It resulted in global lockdowns and quarantines. Many businesses were forced to shut down permanently since they were no longer able to remain in operations long enough to remain profitable and financially viable.
The companies in the water treatment systems market suffered tremendously. They were forced to either temporarily halt operations and/or dramatically scale them back. These companies are only now starting to return to pre-pandemic levels in terms of operation.
The global water treatment systems industry is highly competitive and fragmented. The main reasons for this are that the industry has a high CAGR. it’s also very lucrative. These two factors are enticing many companies to enter the industry. This is especially true for companies that are larger and hence have larger treasuries that they can use to invest more in research and development. These companies can also do more intensive and aggressive marketing.
All of these factors mean that companies in the water treatment systems industry have to resort to intensive investments in research and development. They find that they’re able to develop newer and more effective products that use the latest in technology to make water cleaner and safer for human and animal consumption. They are also able to ensure that the new products are compatible with the Internet of Things (IoT.) This is one way that these companies can boost sales in a global society where people want to control various appliances and gadgets by pressing buttons on apps on your smartphone.
Companies are also finding that they can enter into strategic partnerships with other successful companies. These companies find that they can increase their overall resource pools by doing this. They find that they have the manpower, financial resources, and knowledge to do something that they may not have been able to do before - invest in more intensive research and development. The companies also have the resources and the creative ability to do intensive marketing, including digital marketing. This is crucial since the marketing of various types and forms is what sells products, especially in newer markets.
Companies find that they can strengthen their positions in existing markets by doing more innovative and aggressive marketing. This helps them increase and strengthen the customer base. They can increase their chances of remaining profitable enough to be financially viable.
Mergers and acquisitions accomplish the same thing that strategic partnerships do. Companies find that they have many more talented and hard-working employees when they merge with and acquire other companies. They also increase their financial resources. This increases their ability to do research and development. Thus, they are better able to develop products that are compatible with and use technologies that work with the Internet of Things (IoT.)
These companies also find that they have the resources and ability to do more aggressive and creative marketing. They have employees with radical and innovative points of view. This is necessary for good marketing. Thus, they can enter new markets easier and strengthen their positions in existing markets.
Honeywell International Inc is a major American company. It has become an industry leader by investing heavily in research and development. Thus, it has managed to develop and market the products that made it profitable. It was also able to create a sustainable competitive advantage.
what is driving growth in the water treatment systems market is the fact that waterborne diseases are much more common than they used to be. Part of the reason for this is that many areas in the developing world are industrializing rapidly. This is leading to more pollution of the water supplies. It’s also encouraging many more pathogens to enter the water supply.
Another factor that’s driving growth is the growing awareness of waterborne diseases throughout the world.
Companies in the water treatment systems industry are leveraging the emergence of the Internet of Things (IoT.) These systems can be integrated with newer technologies. The newer generation of water treatment systems are portable and can be easily turned on and off by smartphones.
What’s holding growth back in the water treatment systems industry is the fact that these water treatment systems are expensive. These systems also need skilled personnel to operate them properly. It can be hard and costly to find this type of personnel. It’s also more expensive and harder to maintain these systems since the filters have to be replaced at least twice a year.
Perhaps the greatest challenge that the water treatment systems industry faces lies in manufacturing newer and more sophisticated water treatment systems that use newer and fancier technologies and Bluetooth.
3M Company is a major American player in the water treatment systems industry. This company became an industry leader by investing heavily in the latest technologies. Thus, it was able to create a sustainable competitive advantage. The company was able to generate enough profit to remain financially viable.
This segment can be separated into the following categories:
The application segment can be separated into the following sub-segments:
The region segment can be grouped into the following geographic areas:
The Asia-Pacific region has the greatest water treatment systems market share. The reasons for this are the fact that the entire region is growing rapidly economically. This means that large swathes of the Asia-Pacific region are industrializing rapidly. This is threatening the integrity of their local water supplies is being threatened. The World Bank recently did a study where it found that industrial growth in this region is 3% a year.
Additionally, the region is urbanizing rapidly. This is also creating unprecedented demand for water treatment systems since urban water in developing nations is of questionable quality. In fact, the Asia-Pacific region contains 33% of the world’s urban population.
The nations that use water treatment systems the most in the Asia-Pacific region are China and Japan. Australia and South Korea are also jumping in on this bandwagon.
The European Union has the world’s second-largest water treatment systems market share. Germany leads the pack in terms of usage of water treatment systems. It was followed by the United Kingdom. More and more households in the European Union are consuming water. These populations are growing increasingly aware of the dangers that pathogens can cause. Hence, the demand for various water treatment systems is rising.
People consume 12% of all of the water that the European Union uses.
The North American region has the world’s third-largest water treatment systems market share. The United States of America leads the pack in terms of human water consumption. Canada comes in second place. Most consumers are wealthier in this region so they can afford to spend more on fancier water treatment systems.
The North American region also has a large concentration of water treatment systems manufacturers. Thus, the concentration of water treatment systems is high.
The water treatment systems market growth rate is projected to be 9.31% for the time period that this report covers. The global water treatment systems market value was USD 21.27 billion in 2021. It’s expected to be USD 47.32 billion by 2030.
The Asia-Pacific region leads in terms of market share
|Market Size||2030: USD 47.32 Billion|
|CAGR||9.31% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Pentair Plc. (UK), Panasonic Corporation (Japan), LG Electronics (South Korea), Honeywell International Inc. (US), Hindustan Unilever Limited (UK), COWAY CO., Ltd (South Korea), Culligan (US), Eureka Forbes (India), BWT Aktiengesellschaft (Austria), Tata Chemicals Ltd. (India), Global Water Solutions Ltd. (Jersey), and Whirlpool Corporation (US)|
|Key Market Opportunities||Government initiatives for the supply of clean and purified water|
|Key Market Drivers||
Water treatment system (point of use) market projected to grow at an 9.31% CAGR between 2022-2030.
Water Treatment Systems (Point-of-Use) Market is projected to be worth USD 47.32 billion by 2030
The Asia Pacific is expected to lead the water treatment system (point of use) market.
Increasing awareness of water-borne diseases and growing number of awareness campaigns are adding to the water treatment system (point of use) market growth.
High equipment and maintenance cost may limit the water treatment system (point of use) market growth.