The rising technology and advancement in water purification systems have provided new opportunities for the growth of the point-of-use water treatment systems market
The global Point-of-Use Water Treatment Systems market is anticipated to increase at a 19% CAGR to reach value USD 54.5 billion in 2030
Covid-19 Impact & Market Status
COVID-19 has severely impacted all the companies and industrial developments. Water treatment plants are one of the affected sectors that had to pause their work due to lockdown as there was a lack of labor, infrastructure, transportation, and other facilities. As the market was completely shut during the lockdown, there was no means of transportation or distribution of the services provided by various potential companies to implement water treatment plants and monitor their progress. This caused a shortage of fresh water as there was no means to process filthy water and make it suitable for consumption. This shortage of water affected other companies that required freshwater as input for manufacturing various other things like soda drinks, electrolyte cells, coolant in nuclear power plants, and much more.
After the lockdown was over, all potential companies came up with new plans and techniques to recover their market value by implementing convenient and high throughput designs for water treatment.
The residential sector has high requirements for freshwater due to an increase in population
As the population is gradually increasing, there is an increase in residential areas which increases the demand for freshwater. Freshwater is required for various household purposes and it's an essential requirement for survival. Hence, companies are trying to implement large-scale and long-term water purification techniques that will be able to serve the increasing population. For this, there is an integration of the latest tools and techniques along with the science of water treatment. This deals with the chemistry of water treatment methods, maintaining pH value, mineral levels, and much more. After taking care of all these aspects, water is finally supplied to all houses through proper connections.
The Reverse Osmosis and Ion-Exchange filtration techniques have covered a large section of the point-of-use water treatment systems market
It is expected that the reverse osmosis and ion-exchange filtration and water purification techniques will increase the overall CAGR of the global point-of-use water treatment systems market by the end of the forecast period. These techniques can filter high volume ions and filter out high salt and dust concentrations. Overall, among all the available water treatment techniques, reverse osmosis gives a significant result.
The increasing investments by various organizations to support water filtration for the well-being of people are driving the point-of-use water treatment systems market.
The increasing development of industries and construction sites is leading to an increase in the exploitation of water quality and quantity. This results in an increase in water pollution that severely damages aquatic life and people face water shortage. To provide a long-term solution for this problem, various potential companies and industries are looking for an effective water treatment measure that can purify a large amount of polluted water. It requires water filtration, purification, etc. that are followed by the steps of sedimentation, distillation, mineral addition, softening of water, and much more. Hence, this is a long process that requires effective measures at each step because a single mistake can result in reprocessing of all the steps.
Due to an increase of manufacturing industries, more water is being polluted, hence, there is an increase in the demand for water treatment systems market so that freshwater can be supplied to the increasing population because drinking water is an essential requirement to sustain life. The point-of-use water treatments market is developing new strategies that would serve millions of people by adopting various modern techniques and tools to filter water.
This requires the removal of various microorganisms, sedimentation of pebbles, sand, etc. that is followed by making the water suitable for drinking by adding required minerals and maintaining the proper pH value of water. This requires a high expenditure on the tools, techniques, and laborers, hence, it is difficult to get started with a complex technique. Cost is one of the major restraints in the development and growth of the point-of-use water treatment systems market because companies require a high budget to start a water treatment plant with all the required tools and techniques.
For this, various organizations are supporting the water treatment plants by providing them with sufficient expenditure amount so that they can continue their water filtration process. Clean water is an essential requirement that ensures the healthy life of an individual and is necessary to support life and other daily life activities. Lack of clean water has resulted in various deaths, spreading infections, and causing health issues to the people. Dirty water causes various diseases and is dangerous to health.
Apart from this, a high cost is required for the installation of the water treatment systems. Various nations, mainly those with high populations, are facing severe water shortages due to delays in the process of water treatment and the unavailability of freshwater. Underdeveloped nations are facing various issues in developing these water treatment plants because of a shortage of technologies, infrastructure, and revenue, still, these countries are trying to integrate various technologies to get a proper solution that will be within budget and easy to implement.
There is competition among various nations to provide better solutions and platforms to these industries so that they use advanced technologies for treating dirty water.
The major players of the global point-of-use water treatment systems market are Alticor, Honeywell International, BRITA Group, Pentair, Toray Industries, Panasonic Corporation, BWT, Unilever, Coway, General Ecology Inc., A.O. Smith Corporation, Global Water Solutions Ltd., Brita LP, Eureka Forbes Ltd., Culligan International Company, Katadyn Group, Helen of Troy Limited, Kent RO Systems Ltd., Best Water Technology Group, The DOW Chemical Company, 3M Company, Calgon Carbon Corporation, Watts Water Technologies, Danaher Corporation, Amway, EcoWater Systems, and LG Electronics.
Latest Innovations in the Global Point-of-Use Water Treatment Systems Market: a Snapshot
- Leading companies in the global point-of-use water treatment systems market are introducing novel technological solutions such as carbon nanotubes and membranes to suit consumer demands.
Point-of-Use Water Treatment Systems Market Scope
|Revenue forecast in 2030
|USD 54.5 billion
|CAGR of 19% during 2020-2030
|Application, Technology, Device, Region.
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|3M, Koninklijke Philips N.V., Pentair, Panasonic Holdings Corporation, Unilever, LG Electronics, EcoWater Systems LLC, A.O. Smith, Culligan, Amway Corp.
Key Segments of the Global Point-of-Use Water Treatment Systems Market
Product Type Overview, (USD Billion)
- Under The Counter Filters
- Counter Top Filters
- Pitcher Filters
- Faucet Mounted Filters
- Table Top Filters
Distribution Category, (USD Billion)
- Reverse Osmosis Filters
- Gravity Filters
- UV Filters
Technology Overview, (USD Billion)
- Reverse Osmosis
- Water Softening
Application Overview, (USD Billion)
- Light Commercial
Regional Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa