Point-of-Entry Water Treatment Systems Market (Covid-19) Effect Analysis | Likewise Industry is Booming Globally with Key Players The DOW Chemical Company, Honeywell International Inc., 3M Company, Danaher Corporation, Pentair PLC, Best Water Technology (
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World point of entry water treatment systems market is growing at a steady rate and is expected to continue its growth momentum on account of growing urbanization in developing countries. Deteriorating water quality, increase in disposable income and rising awareness for health and wellness are few factors that are driving the market growth. Leading players are also introducing innovative water treatment systems with latest technologies to gain traction and increase the market share. Water treatment systems available in the market are equipped with the advanced features along with smart attractive designs. Such products are expected to witness increased demand due to increased purchasing power and awareness about the health issues. However, rising consumption of packaged drinking water is amongst the major challenges for the growth of this industry.
Asia-Pacific region currently dominates the global market on account of huge population and scarcity of clean, pure drinking water, especially in developing countries such as China and India. LAMEA region would grow at the fastest CAGR due to rapid urbanization and industrialization. The expansion of international players in these regions as well as presence of local players have also been supporting the growth of market in these regions. Residential customers would maintain their leading position during the forecast period.
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The world point-of-entry water treatment systems market is segmented based on water treatment technology, application, and geography. Various technologies such as water softening, filtration, reverse osmosis, and disinfection are popular in the market. In 2015, the water softening technology dominated the market followed by the water filtration technique. Based on application, the market is segmented into residential, commercial, and industrial sectors. Geographically, it is divided into North America, Europe, Asia-Pacific, and LAMEA, along with a country-wise split of these regions.
Key players operating in this market are The DOW Chemical Company, Honeywell International Inc., 3M Company, Danaher Corporation, Pentair PLC, Best Water Technology (BWT) AG, Calgon Carbon Corporation, Culligan International, General Electric Company, and Watts Water Technologies, Inc. Product launch and innovation are the primary strategies adopted by the players to increase their market share.
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