Point of Use Water Treatment Systems Market Revenue Size, Growth, Regional Share Analysis & Forecast Till 2028

Comments · 350 Views

Point of Use Water Treatment Systems Market Size – USD 14.92 Billion in 2020, Growth - CAGR of 10.5%, Trends – Product launches and research for advanced systems.

According to the current analysis of Reports and Data, the global Point of Use Water Treatment System Market was valued at USD 14.92 Billion in 2020 and is expected to reach USD 29.64 Billion by year 2028, at a CAGR of 10.5%. Water treatment is any process that improves the quality of water to make it more acceptable for a specific end-use. Water treatment systems are systems that improve the quality of water. Broadly speaking, water treatment systems are of two types namely, point of entry and point of use. A point-of-entry water treatment system is installed directly at the point where the water enters the home. Therefore, they are also called whole house water-treatment systems. This system is placed where the main line of water enters. A point-of-use water treatment system, on the other hand, is a filter that attaches directly to any of the water sources. The device can deliver high-quality, great-tasting water by removing impurities such as nitrates and lime scale. There are a couple of different kinds of water filters. For instance, if one lives, either, in an apartment or a condo, a point of use water system is considered be the easiest to install. Unlike point of entry water treatments, point of use water treatment systems treat water right before it reaches the single tap. Increasing water pollution and the rising awareness about clean drinking water have been the major driving factors of this market. Increasing water contamination, technological advancements and rising awareness about clean water are the major driving factors. Several studies show that the water from point of use systems is better than refrigerated water. Rising awareness of this fact also acts as a driving factor.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1527

Key participants include: Pentair, Honeywell, A.O. Smith, Toray Industries, Culligan International, Unilever, Panasonic, Brita and Best Water Technology (BWT) AG

Market Overview:

Businesses involved in the discovery, production, and processing of raw resources are classified as part of the basic materials sector. Mining and metal refining, chemical goods, and forestry products are all part of this industry.

The enterprises that supply the majority of the materials needed in building are found in this sector. As a result, the companies and their stocks are sensitive to business cycle shifts. When the economy is robust, they tend to thrive.

Further key findings from the report suggest

  • The continuous research and development, leading to launch of innovative designs, enhanced capacities and additional features attract a large chunk of population towards this market
  • Asia Pacific is the most attractive and the fastest growing region with a CAGR of 11.5% due to the rapidly growing socio-economic development in the region. China has a large number of local manufacturers and suppliers. Owing to the rising awareness, availability of abundant labor and resources, several developing countries of this region are engaging themselves in this market
  • The versatile nature of application, of the point of use water system, in several sectors from residential to education institutions, has led to a larger scope for the market. A large group of the population can be targeted by this market
  • The faucet-mounted segment acquired the largest share in the point-of-use water treatment systems market in 2020, in terms of value, and is projected to grow at the second-highest CAGR during the forecast period, due to relatively cheaper costs and ease of installation
  • Toray Industries are the leading manufacturers of the point of use water treatment systems
  • As for the device types, faucets dominate the market while, pitchers and under the sink devices grow at CAGRs of 15.4% and 11.6% respectively
  • Point of use water treatment systems are more often used in non-residential places such as educational institutions, healthcare institutions etc. Thus, non-residential usage holds the largest market share
  • Europe dominates the market holding a market share of approximately 47.6% due to its technologically advanced facilities. It is followed by North America with a market share of 36.8% as the awareness of importance of clean water and a healthy lifestyle is high
  • Reverse Osmosis dominates the market with a share of 43.9%. A good quality RO system is capable of removing up to 99% of dissolved contaminants found in the feed water. These systems offer numerous benefits, including improvement in the taste and color of water, odor elimination, simple maintenance, and removal of contaminations

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/point-of-use-water-treatment-systems-market

For the purpose of this report, Reports and Data has segmented the Point of Use Water Treatment Systems market on the basis of device type, filtration techniques, application and region:

Device Type (Revenue, USD Million; 2020–2028)

  • Faucet
  • Table-top
  • Pitchers
  • Under the sink
  • Others

Application (Revenue, USD Million; 2020–2028)

  • Reverse Osmosis
  • Carbon Filtration
  • Ultrafiltration
  • Distillation
  • Disinfection

Regional Outlook (Revenue in USD Million; 2020–2028)

  • North America
  • Europe
  • Asia Pacific
  • Middle East Africa
  • Latin America

Request For Customization @ https://www.reportsanddata.com/request-customization-form/1527

Conclusively, all aspects of the Point of Use Water Treatment Systems market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports

Comments