Press release
Point-of-Use Water Treatment Systems Market: Estimated Growth Curve, Trends, Size, Share, and Analysis Report 2024-2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Point-of-Use Water Treatment Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $30.17 billion In 2028 At A CAGR Of 9.9% :
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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Point-of-Use Water Treatment Systems Market Major Segments
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
Key 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.
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Prominent 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.
Point-of-Use Water Treatment Systems Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the point-of-use water treatment systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the point-of-use water treatment systems market share during the forecast period. The regions covered in the point-of-use water treatment systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Point-of-Use Water Treatment Systems Market Report Structure
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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