Point of Use Water Treatment Systems Market To Hit Value $34.1 Billion By 2025 |Grand View Research, Inc.
The global point
of use water treatment systems market is estimated to be valued at USD 34.1 billion by 2025, according to
a new report by Grand View Research, Inc. Increasing water pollution coupled
with growing awareness towards healthy lifestyle are factors propelling the market
growth.
Increasing adoption of water purifier
systems is predicted to drive the global point of use water treatment systems
market over the forecast period. Favorable government laws to ensure the supply
of clean and potable drinking water are further expected to augment business
growth in the coming years.
The increasing demand for clean water
coupled with growing investments to boost the efficiency is likely to provide a
boost to the point of use water treatment systems market growth over the
forecast period. Significant reduction in the costs of raw materials and
components along with favorable government initiatives is likely to encourage
growth of the point of use water treatment systems market by 2025. Governments
across the globe are encouraging wider adoption of water treatment systems, to
avoid an epidemic of water borne diseases.
Key industry players in the point of
use water treatment systems market mainly include 3M, Philips, Pentair, Panasonic, Unilever, LG Electronics, EcoWater
systems, A.O. Smith, Culligan International, and Amway.
Browse Research
Report On point of use water treatment systems Market:
In terms of
technology, the reverse osmosis systems held over 43% of the global point of
use water treatment systems market share in 2016. Established technology
coupled with economical costs of units in comparison to other technologies is
predicted to have a positive impact the growth of point of use water treatment
systems market by 2025. Filtration methods technology segment in point of use
water treatment systems market is predicted to be valued at USD 7.5 billion by
2025. Higher efficiency, enhanced capacity, and affordable pricing are
projected to boost market growth during the forecast period.
Further key findings from the report suggest:
·
The U.S. point of use water
treatment systems market, in terms of value, is predicted to grow at a CAGR of
over 3.4% in the coming years. Favorable government regulations, coupled with
financial benefits, are predicted to boost business growth over the forecast
period.
·
In 2016, the UK point of use
water treatment systems market, in terms of volume, contributed over 31.9
million units and is predicted to reach over 102.9 million units by 2025. Under
the sink units are more prevalent in the UK, given the advanced aesthetic sense
prevalent among the customers in the country.
·
India point of use water
treatment systems market is likely to be valued at USD 1.9 billion by 2025. As
of 2017, India is one of the largest market owing to be the second most
populated country in the world.
Tabletop
pitchers segment of the water treatment systems market was valued at USD 6.9
billion in 2016 and is likely to be valued at USD 14.6 billion by 2025.
Tabletop pitchers are widely adopted owing to the convenient use coupled with
affordable price and longer shelf life of the product. In the devices segment,
faucet mounted filters are the second largest with 80.7 million units sold in
2016. This segment has large scale penetration in Indian and African countries
mainly due to its affordable pricing and low replacement costs.
In 2016,
reverse osmosis systems led the technology segment, with a sizeable share of
43.9%, principally owing to the extensive penetration of this technology and
the hassle-free installation and usage. In terms of volume, RO technology
contributed over 208.9 million units in the global point of use water treatment
systems market in 2016. Although RO systems are predicted to witness a slowdown
by 2025, mainly due to manufacturers launching systems which have technologies
in combination, for instance RO and UV systems.
Browse Press
Release of this report:
Grand View Research has segmented the global point of use
water treatment systems market on the basis of technology, device, application:
Technology Outlook (Volume, Million Units;
Revenue, USD Billion; 2014 - 2025)
·
Reverse Osmosis systems
·
Distillation systems
·
Disinfection methods
·
Filtration methods
Application Type Outlook (Volume,
Million Units; Revenue, USD Billion; 2014 - 2025)
·
Residential
·
Non-residential
Device Type Outlook (Volume,
Million Units; Revenue, USD Billion; 2014 - 2025)
·
Tabletop pitchers
·
Faucet mounted filters
·
Counter-top filters
·
Under-the-sink filters
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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