The system used to purify water to make it consumption fit is called a water treatment system. The installation of such systems are done at waterline connection with individual or multiple source line that are being used in bathroom sinks or kitchen. Technologies, such as UV technology, activated carbon, and reverse osmosis can aid them to function with greater effectively.
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The world water treatment system market can expand at above 8.50% CAGR during 2018 to 2023(the forecast period). Through this time, the expected valuation of the market is USD 28,072.6 Mn by 2023 from USD 17,529.4 Mn in 2017. Market Research Future (MRFR) in its latest “Water Treatment System (Point of Use) Market 2020” report discussed the market. It focused on competitive analysis, segments, and drivers of the market. The report offers insights into future of the market and its demographic progress, which can enable the market players to plan accordingly.
The rise in cases of water-borne diseases and increase in initiatives by governments for the supply of purified and clean water can drive the expansion of the water treatment system. The World Health Organization (WHO) have organized several campaigns to raise awareness among people to promote safety and health from waterborne disease.
On the downside, equipment and maintenance solutions of water treatment system are expensive. In addition, the high demand for packaged drinking water owing to their easy handling and portability can challenge the world water treatment system market.
The report details segmental analysis of the world water treatment system market for comprehensive understanding. The market study is based on device, end-use and technology. The device based segments of the water treatment system market are faucet-mounted filters, counter-top units, and other. The technology based segments of the water treatment system market are distillation, filtration, reverse osmosis, and others. The filtration segments are mechanical filters, activated carbon filters, and bio sand filter. The end-use based segments of the global water treatment system market are residential and non-residential. The residential segment can gain high traction in the years to come.
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Asia Pacific water treatment system (point of use) market accounted for the grand share in the global water treatment system market, followed by North America and Europe. The increased water treatment system practices across Europe and Asia Pacific can prompt the market rise in these regions. High urbanization can cause the Asia Pacific water treatment system market to rise rapidly across emerging regions owing to economic development. The rise need for the same can fuel the high demand for water treatment systems by residential customers. The high number of residential customers those prefer water treatment system to operate over other traditional systems can prompt the installation count. Thus, boost the regional market rise. The high focus of government of EU and North America and reputed authorities on clean water management, plus rise in the awareness for RO systems and water filters across the middle class populations can drive the water treatment system market rise among these developing regions.
Honeywell International Inc. (U.S.), 3M Company (U.S.), Pentair plc (U.K.), Koninklijke Philips NV (The Netherlands), Unilever PLC (U.K.), Panasonic Corporation (Japan), General Electric Company (U.S.), Watts Water Technologies, Inc.(U.S.) LG Electronics Inc. (South Korea), and Danaher Corporation(U.S.) are some reputed players listed by MRFR in the report and the market analysis has been done on the forefront of competition of the world water treatment system (point of use) market.