Global Point of Use Water Treatment Systems Market is expected to register a CAGR of approx. 8% over the period of 2022-2028. The point-of-use water treatment systems market is rising due to the increasing demand for clean drinking water. Technological innovations in the water treatment industry are boosting the market. Market players are engaged in the development of new products for effective control of water pollution and maintaining water purity thus, the key players launching new and innovative products to meet the changing needs of the consumers. For instance, in December 2020 – Pentair launched FreshPoint Easy Flow Under Counter Filtration System for residential applications. This system is NSF certified and offers refreshing, filtered water straight from the tap for a year with a single filter. Owing to these glaring statistics the demand for point-of-use water treatment systems is anticipated to grow in the forthcoming years as the increasing prevalence of waterborne diseases such as diarrhea thus, increases the demand for clean drinking water. According to UnivDatos Market Insights (UMI)’ research report “Global Point Of Use Water Treatment Systems Market”, the market is expected to witness a robust growth during the forecast period 2022-2028F. Moreover, increasing urbanization and industrialization have fueled the demand for the point-of-use water treatment systems market. Furthermore, the increase in the contamination of water worldwide due to industrial activities spreading toxic chemicals and microbial pathogens, therefore, people are more likely to adopt purifiers in residential areas is expected to drive the market for point-of-use water treatment systems market in the coming years.
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Based on technology, the point-of-use water treatment systems market is segmented into reverse osmosis systems, distillation systems, disinfection methods, filtration methods, and others. The reverse osmosis systems segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. An RO system is an advanced membrane filtration technology that can remove 99% of water contaminants and provide the same water quality as bottled water.
Based on the device, the market is segmented into tabletop pitchers, faucet-mounted filters, countertop units, under-the-sink filters, and others. The countertop units’ segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. These countertop units don’t require complicated plumbing connections for operations and are easy to install.
The Asia Pacific to witness extensive growth
For a better understanding of the market adoption of the point of use water treatment systems market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia pacific constitute a major market for the point-of-use water treatment systems industry owing to the rapid urbanization in the region creates lucrative growth opportunities for point-of-use water treatment systems.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global point of use water treatment systems market are A. O. Smith Corporation, Brita LP, Culligan International Company, Unilever plc, Panasonic Holdings Corp, LG Electronics Inc., EcoWater Systems LLC, Amway Corporation, Koninklijke Philips N.V., Eureka Forbes Ltd. Several MA’s along with partnerships have been undertaken by these players to boost their presence in different regions.
“Global Point of Use Water Treatment Systems Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Technology (Reverse Osmosis, Systems, Distillation Systems, Disinfection Methods, Filtration Methods, Others)
2. By Application (Residential, Non-Residential)
3. By Device (Tabletop Pitchers, Faucet-Mounted Filters, Countertop Units, Under The Sink Filters, Others)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (A. O. Smith Corporation, Brita LP, Culligan International Company, Unilever plc, Panasonic Holdings Corp, LG Electronics Inc., EcoWater Systems LLC, Amway Corporation, Koninklijke Philips N.V., Eureka Forbes Ltd)
Key questions answered in the study:
1. What are the current and future trends of the global point of use water treatment systems industry?
2. How the industry has been evolving in terms of technology, application, and device?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global point-of-use water treatment systems industry?
5. What is the customer orientation, purchase behavior, and expectations from the global point of use water treatment systems suppliers across various region and countries?
