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Point-of-Use Water Treatment Systems Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Point-of-Use Water Treatment Systems Market
The Business Research Company offers in-depth market insights through Point of Use Water Treatment Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The point-of-use water treatment systems market size has grown rapidly in recent years. It will grow from $18.54 billion in 2023 to $20.7 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increasing water contamination concerns, rising health consciousness, stringent regulations, urbanization and infrastructure challenges.
The point-of-use water treatment systems market size is expected to see strong growth in the next few years. It will grow to $30.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to global water scarcity, consumer preference for sustainability, government initiatives. Major trends in the forecast period include smart technology integration, technological advancements, smart technology integration, customization and modularity, advancements in filtration technologies, collaborations and partnerships.
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Market Segmentation:
The point-of-use water treatment systems market covered in this report is segmented -
1) By Product Type: Under The Counter Filters, Counter Top Filters, Pitcher Filters, Faucet Mounted Filters, Other Product Types
2) By Technology: Reverse Osmosis Systems, Ultrafiltration Systems, Distillation Systems, Disinfection Methods, Chlorination, UV Radiation, Ozonation, Filtration Methods, Activated Carbon Filters, Mechanical Filters, Bio-Sand Filters
3) By Application: Residential, Non-Residential
Major Driver - Waterborne Diseases Drive Point-Of-Use Water Treatment Systems Market Growth
The rise in the prevalence of water-borne diseases is driving the growth of the point-of-use water treatment systems market. Waterborne diseases are diseases caused by drinking water contaminated with pathogenic microorganisms such as protozoa, viruses, bacteria, and intestinal parasites. For instance, within developing countries, 1.8 million people die every year from waterborne diseases. Of these deaths, over 90% are children under the age of five. Therefore, the increasing prevalence of water-borne diseases drives the point-of-use water treatment systems market.
Competitive Landscape:
Major companies operating in the point-of-use water treatment systems market report are Honeywell International Inc., Pentair plc, Panasonic Corporation, Eureka Forbes Limited, BWT Aktiengesellschaft, A. O. Smith Corporation, Unilever PLC, LG Electronics Inc., WaterFilters. NET, Toray Industries Inc., Kent RO Systems Ltd., Instapure Brands Inc., Helen of Troy Limited, Koninklijke Philips N. V., 3M Company, Amway Corp., Brita LP, Calgon Carbon Corporation, Coway Co. Ltd., Culligan International Company, Danaher Corporation, EcoWater Systems LLC, General Electric Company, Katadyn Group, Watts Water Technologies Inc., Aquasana Inc., Everpure LLC, Kinetico Incorporated, Enviro Water Solutions Inc., Pure & Secure LLC
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Top Trend - Tech Innovation Drives Point-Of-Use Water Treatment Systems Market Growth
Technological innovation is a key trend gaining popularity in the point-of-use water treatment systems market. These innovations include new technologies to reduce the wastage of water during the purification process. For example, Kent RO systems have launched Zero Water Wastage technology, which ensures no wastage of water occurs during the purification process.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Point of Use Water Treatment Systems Market Characteristics
3. Point of Use Water Treatment Systems Market Trends And Strategies
4. Point of Use Water Treatment Systems Market - Macro Economic Scenario
5. Point of Use Water Treatment Systems Market Size And Growth
…..
27. Point of Use Water Treatment Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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