Residential Water Treatment Equipment Market - Global Market Analysis, Size, share, growth, Global demand & prospect Outlook 2023

The global residential water treatment equipment market is anticipated to expand with a compound annual growth rate of 13% over the period of forecast owing to the increasing adoption of residential water treatment plants across the globe
Asia-Pacific region is anticipated to project a robust growth over the period of forecast witnessing a compound annual growth rate of 16%. The region is severely affected by the shortage of water supply, rapid growth in economy of countries such as India and China and increasing personal disposable income of the consumers will shift the market towards the adoption of residential water treatment plant and this further propel the growth of residential water treatment equipment market over the forecast period.
Government in Asia Pacific countries are focusing on creating awareness about the adoption of water treatment systems to meet the increased demand of power supply in the region.

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North-America market is expected to expand with a higher momentum owing to the taste, odour and rising expectations on drinking water quality. U.S is anticipated to provide major boost to the market. The Safe Drinking Water Act (SDWA) was established in 1974 to protect the quality of drinking water in the U.S. SDWA regulates the design, management, and operation of POE and POU equipments used in compliance with maximum containment level.

Market Segmentation
By Product Type
By product, residential water equipment market is segmented into following categories:-
Point-of-use
Point-of-entry
By Equipments
On the basis of equipments used in residential water treatment, the market can be segmented into following categories:-
Membrane equipment
Filtration equipment
Disinfection equipments
Thermal distillation equipments
Evaporators

Growth Drivers and Challenges

Growing concern over potable water purity and increasing awareness on the benefits of water treatment are driving the residential water treatment equipment market.
Low consumer confidence in municipal water treatment systems and increasing environmental concerns among the consumers are expected to be the key factor behind the rapid adoption of residential water treatment plant and this will further increase the demand of residential water treatment equipment over the period of forecast.

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Various new technology are emerging in water treatment industry such as desalination and nanotechnology, until such technologies can be implemented to large scale adoption of these technology in small units or residential water treatment will boost the growth of global residential water treatment equipment across the globe.
Use of mineral water bottle is likely to restrain the growth of residential water treatment equipment market over the period of forecast.

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