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Point-of-Entry Water Treatment Systems Market Estimated to Reach $6.6 Billion, Globally, by 2022 - Says Allied Market Research

07-10-2019 11:14 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Point-of-Entry Water Treatment Systems Market

Point-of-Entry Water Treatment Systems Market

Point-of-Entry Water Treatment Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $6.6 billion by 2022, registering a CAGR of 8.9% during the period 2016-2022. Asia-Pacific is expected to maintain its leading position through 2022 owing to technological developments and rising awareness, backed by the increasing disposable income. Water softening technology is anticipated to maintain its dominance throughout the analysis period, followed by filtration methods.

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Factors driving the market are increasing disposable income, urbanization, rising concerns about waterborne diseases, and technological advancements. However, factors such as high installation, equipment, and operations cost limit the market growth. The scarcity of clean water in developing countries and depleting freshwater resources create varied opportunities for market growth.

Water softeners lead the market on account of the widespread usage primarily among the residential customers. Water filtration is the next prominent technology due to heavy demand from the industrial sector. The food & beverage and semiconductor and electronics industries constitute a sizable demand for water filters.

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In 2015, the residential sector occupied a major share of the market among the application areas, and is expected to maintain its leading position on account of growing population and urbanization. However, the industrial sector is anticipated to grow at the highest CAGR, on account of stringent regulations regarding water quality for industries such as food & beverage and pharmaceutical.

Asia-Pacific currently occupies the majority of market share. Improving economic conditions in China and India facilitate the growth in demand for water treatment systems in these countries. The LAMEA region is expected to grow with a notable CAGR during the forecast period, on account of improving lifestyle and increasing health awareness among the populace.

Key Findings of Point-of-Entry Water Treatment Systems Market:
Rising awareness about the health issues arising from contaminated water drives the point-of-entry water treatment systems market.
The degrading water quality owing to industrialization increases the demand of water treatment systems in developing countries.
Water softening technology currently leads the market constituting approximately 38% of the overall market revenue.
Asia-Pacific is anticipated to maintain its leading position owing to heavy demand from China and India.

View Detail Summary of this report : https://www.alliedmarketresearch.com/water-treatment-systems-point-of-entry-market

Leading players operating in the market include The DOW Chemical Company, 3M Company, Danaher Corporation, Best Water Technology (BWT) AG, Calgon Carbon Corporation, Culligan International, and Watts Water Technologies, Inc. These players introduce technologically advanced products and continuously expand their portfolio to capitalize on this growing market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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