What's driving the Point-of-Use Water Treatment Systems Market Share? Honeywell, Pentair, Panasonic, Unilever, LG Electronics, Coway, BWT, Toray, Brita, Alticor, 3M, GE, Dow, DuPont, Tata Chemicals, KENT RO, Eureka Forbes, Whirlpool, EcoWater Systems, Kin

Point-of-Use Water Treatment Systems Market is projected to grow from USD 19.9 billion in 2018 to USD 32.7 billion by 2023, at a CAGR of 10.41%. Factors such as increasing water contamination, growing awareness about the benefits of clean drinking water, and increasing construction activities drive the point-of-use water treatment systems market.

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Growth Drivers:
• Increase in Water Contamination
• Greater Awareness About the Benefits of Water Treatment
• Technological Innovations

The reverse osmosis segment is projected to grow at the highest CAGR in the point-of-use water treatment systems market from 2018 to 2023. This technology is also projected to have the largest share in the point-of-use water treatment systems market, in terms of value, during the forecast period. A good quality RO system is capable of removing up to 99% of dissolved contaminants found in the feed water. These systems offer numerous benefits, including improvement in the taste and color of water, odor elimination, simple maintenance, and removal of contaminations.

The Asia Pacific is the most attractive market for point-of-use water treatment systems due to the rapid socio-economic development in the region. The growth of this region is supplemented by the growing concerns related to contaminated water and the rise in awareness about various water filtration technologies in developing economies such as India and China.

Key Market Players:
Key players operating in the point-of-use water treatment systems market include Honeywell (US), Pentair (UK), Panasonic (Japan), Unilever (UK), LG Electronics (South Korea), Coway (South Korea), BWT AG (Austria), Toray (Japan), Brita (Germany), and Alticor (US).

Toray Industries’ strong business portfolio coupled with its focus on innovative technologies contribute to its significant position in the point-of-use water treatment systems market. Its strong foothold boosts its market position globally. The company continues to target opportunities in emerging countries, such as India and China, to take advantage of the rising disposable income of consumers in these potential economies.

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Recent Developments
• In February 2015, 3M acquired Polypore International (US), which is a manufacturer of membranes and modules for filtration, for USD 1 billion. This acquisition enabled the company to add new technologies to the existing water treatment systems of 3M.
• In January 2015, Best Water Technology (BWT) AG acquired Mettem Technologies Group, Russia, which was a market leader in the table water filters market in the country. This acquisition strengthened Best Water Technology (BWT) AG’s market presence in the Russian water filter market.
In March 2014, 3M introduced the Reverse Osmosis drinking water filtration system in the market. This under-the-sink system is tested and certified by NSF International against NSF/ANSI Standards 42, 53, and 58.

Key Questions addressed by the report:

• Which regions offer immense opportunities in the point-of-use water treatment systems market?
What are the upcoming industry trends for point-of-use water treatment systems?
• What are the high-growth segments in the point-of-use water treatment systems market?
• What are the factors driving the growth of the market?
• What is the competitive scenario in point-of-use water treatment systems market?

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