Lowering of Water Table in Europe to Drive the Residential Water Treatment Market During 2021-2026

According to MarkNtel Advisors’ research report, the Europe Residential Water Treatment Market Analysis, 2021 is projected to grow at a CAGR of 4.44% during the forecast period, i.e., 2021-26. It principally owes to the rapidly increasing water consumption due to the growing population, climatic changes, & immigrant influx in Europe. In addition, strict regulations regarding maintaining water treatment standards & soaring investments by governments & leading players in numerous water & water treatment-related projects are also driving the market.

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Key Questions Answered in the Study
1. What are the current & future trends in the Europe Residential Water Treatment Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across Europe, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Europe Residential Water Treatment Market?
5. What are the customer orientation, purchase behavior, and expectations from residential water treatment system providers across Europe?

Besides, the reducing groundwater table in various European countries has caused several consequences, such as drying up of spring water & streams in Denmark, destruction of wetlands across the Netherlands & Spain, salt-water intrusion into aquifers along the Mediterranean coastline. Therefore, various initiatives taken by the governments of these countries to reduce the burgeoning water stress levels shall also drive the market in the coming years.

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How Covid-19 Impacted the Europe Residential Water Treatment Market?

• Last year, the Covid-19 pandemic catastrophically impacted almost all industries across Europe.
• However, the Residential Water Treatment Market in the region witnessed rapid growth.
• With the extensive spread of the virus, the need for clean & safe water significantly spurred among people to maintain hand hygiene, which, in turn, infused the demand for highly efficient water treatment systems.
• Besides, several studies indicated signs of Ribonucleic Acid (RNA) virus in wastewater, which led to various research activities to find suitable water treatment ways and propelled the market growth.

Growing Adoption of Under-the-Sink Water Treatment Systems

The Under-the-Sink water treatment systems are observing rapid adoption across Europe, principally due to their surging demand among homemakers for high-quality water & space-saving setup. These systems incorporate technologies like Ultraviolet (UV), Ultrafiltration (UF), & Reverse Osmosis (RO) and are hidden & concealed that give aesthetic looks to the kitchen, reveals MarkNtel Advisors in their research report, "Europe Residential Water Treatment Market Analysis, 2021."

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Key Market Competitors

According to MarkNtel Advisors, the leading players in the Europe Residential Water Treatment Market are Honeywell, Pentair, Panasonic, Unilever, 3M, Culligan, AO Smith, Brita GmBH, BWT, and DuPont.

Market Segmentation:
1. By Market Type (System & Components)
2. By Technology (Reverse Osmosis, Mechanical Filters/ Carbon Filters, Ultraviolet, and Ion Exchange)
3. By System (Pitcher, Countertop, Under the Sink, Faucet Mount, Whole House Filter, and Softener)
4. By Product Type (Point-of-Use & Point-of-Entry)
5. By Countries (Germany, France, Spain, Italy, Belgium, The UK, Denmark, Estonia, Finland, Sweden, Russia, Poland, and Hungary)
6. By Competitors (Honeywell, Pentair, Panasonic, Unilever, 3M, Culligan, AO Smith, Brita GmBH, BWT, and DuPont)

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About us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.