ID: MRFR/CO/2232-CR | January 2019 | Region: Global | 138 pages
A water treatment system isused for purifying water to make it fit for consumption. Such systems are installed at a single waterline connection or at an individual source line, where water is being used, mainly at kitchen and bathroom sinks. Technologies, such as activated carbon, UV technology, and reverse osmosis help them function, effectively.
The global water treatment system market is expected to progress at ~8.50% CAGR during the forecast period (2018–2023). During that time, its value is expected to grow from USD 17,529.4 million in 2017 to USD 28,072.6 million by 2023. Market Research Future’s (MRFR) detailed report on the market has its focus on segments, drivers, and competitive analysis of the entire market. This can give a peek into the future market demography and enable the market players to strategize, accordingly.
The rising awareness of water-borne diseases and government initiatives for the supply of clean and purified water, drive the market of water treatment system. The World Health Organization (WHO) organizes many campaigns for raising awareness, among individuals regarding health and safety and waterborne disease. Such campaigns can also be considered a good sign for the market growth as it is aimed at educating the population about the causes of illness.
However, the high costs of equipment and maintenance have limited the adoption of water treatment system by households. The demand for packaged drinking water is growing owing to its easy handling and portability. The demand for packaged drinking water is a major challenge for the market growth of water treatment system.
The report includes a segmental analysis of the global water treatment system market for better understanding. The market can be segmented by device, technology, and end-use. On the basis of device, the water treatment system market is segmented into counter-top units, faucet-mounted filters, and other. On the basis of technology, the water treatment system market is segmented into filtration, distillation, reverse osmosis, and others. The filtration segment is further segmented into activated carbon filters, mechanical filters, and bio sand filter. On the basis of end-use, the global water treatment system market is segmented into residential and non-residential.
The significant players profiled in the global water treatment system market are 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).
Region-specific analysis of the global water treatment system market spans across North America, Europe, Asia-Pacific (APAC), the Middle East & Africa, and South America. Asia-Pacific is the leading region in the global water treatment system market, with China, India, and Japan, followed by Europe and North America. However, Europe held the second largest market share in the water treatment system market owing to the growing population and higher economic performance.
Frequently Asked Questions (FAQ) :
Water treatment system (point of use) market projected to grow at an 8.50% CAGR between 2018-2023.
Water treatment system (point of use) market is predicted to touch USD 28, 072.6 million by 2023.
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.