Point of Use Water Treatment Systems Market Statistics, Overview , Sales Revenue, Comprehensive Research Study and Forecast to 2028
Market Size – USD 14.92 Billion in 2020, Market Growth - CAGR of 10.5%, Market Trends – Product launches and research for advanced systems.
According to the current analysis of Reports and Data, the global Point of Use Water Treatment Systems Market was valued at USD 14.92 Billion in 2020 and is expected to reach USD 29.64 Billion by year 2028, at a CAGR of 10.5%. Water treatment is any process that improves the quality of water to make it more acceptable for a specific end-use. Water treatment systems are systems that improve the quality of water. Broadly speaking, water treatment systems are of two types namely, point of entry and point of use. A point-of-entry water treatment system is installed directly at the point where the water enters the home. Therefore, they are also called whole house water-treatment systems. This system is placed where the main line of water enters. A point-of-use water treatment system, on the other hand, is a filter that attaches directly to any of the water sources. The device can deliver high-quality, great-tasting water by removing impurities such as nitrates and lime scale. There are a couple of different kinds of water filters. For instance, if one lives, either, in an apartment or a condo, a point of use water system is considered be the easiest to install. Unlike point of entry water treatments, point of use water treatment systems treat water right before it reaches the single tap. Increasing water pollution and the rising awareness about clean drinking water have been the major driving factors of this market. Increasing water contamination, technological advancements and rising awareness about clean water are the major driving factors. Several studies show that the water from point of use systems is better than refrigerated water. Rising awareness of this fact also acts as a driving factor.
Market Overview:
The global Point of Use Water Treatment Systems market is rapidly expanding over the last few years and is expected to register a robust CAGR in the coming years. Technological advancements, increasing need to develop sustainable and biodegradable products, and rising disposable income across the globe are key factors boosting global market growth. Increasing investments and funding from government to support materials and chemical industry and increasing demand for chemicals and raw material in various sectors including pharmaceutical and biotechnology, food and beverage, and increasing awareness about organic soaps and perfumes are further expected to fuel market growth.
Top companies profiled in the report include:
Pentair, Honeywell, A.O. Smith, Culligan International, Unilever, Panasonic, Toray Industries, Brita and Best Water Technology (BWT) AG
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Competitive Landscape:
The report provides an extensive assessment of the prominent companies operating in the materials and chemical industry to offer better insights into competition scenario on a regional and global level.
Rise in competition in the global market has led to increasing innovation and technological advancement in the materials and chemical sector to meet the rising demand of environmentally conscious consumers. Industry players in the Point of Use Water Treatment Systems market are adopting the strategy of forward integration to cater increasing product demand, while adapting to the sustainability trends and to expand their in the global market.
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Global Point of Use Water Treatment Systems Market Segmentation:
Device Type (Revenue, USD Million; 2020–2028)
- Faucet
- Table-top
- Under the sink
- Pitchers
- Others
Application (Revenue, USD Million; 2020–2028)
- Reverse Osmosis
- Carbon Filtration
- Distillation
- Ultrafiltration
- Disinfection
Regional Analysis covers:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- UK
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
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Further key findings from the report suggest
- Asia Pacific is the most attractive and the fastest growing region with a CAGR of 11.5% due to the rapidly growing socio-economic development in the region. China has a large number of local manufacturers and suppliers. Owing to the rising awareness, availability of abundant labor and resources, several developing countries of this region are engaging themselves in this market
- The versatile nature of application, of the point of use water system, in several sectors from residential to education institutions, has led to a larger scope for the market. A large group of the population can be targeted by this market
- The faucet-mounted segment acquired the largest share in the point-of-use water treatment systems market in 2020, in terms of value, and is projected to grow at the second-highest CAGR during the forecast period, due to relatively cheaper costs and ease of installation
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