Point of Use Water Treatment Systems Market is Estimated to Grow at a CAGR of 8.1% from 2022 to 2028
As stated in our extensive report; the Global Point of Use Water Treatment Systems Market accounted for USD 18.7 Billion in 2021.
Water pollution, urban population increase, and greater health consciousness among the younger generation are all blamed for the market’s expansion. Over the projected period, it is anticipated that rigorous regulatory standards to limit pollution in drinking water and offerings to increase the adoption of water treatment systems will propel the market. In addition, consumers can pay the cost of the point-of-use water purification systems. The market is anticipated to increase as health awareness rises in developing nations in the Asia Pacific, as well as in developed regions like North America and Europe.
The Point of Use Water Treatment Systems Market is segmented based on device, application, and technology. The application market is segmented as Residential and Non- Residential. The device market is segmented as Tabletop pitchers, Faucet-mounted filters, Counter-top units, and under-the-sink filters and other. Based on technology, the market is segmented as Reverse osmosis systems, Ultrafiltration systems, Distillation systems, Disinfection methods, Filtration methods, Ion exchange and others. Region-wise, the Global Point of Use Water Treatment Systems Market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
When dangerous substances are released into the water either directly or indirectly without being adequately treated to eliminate them, water contamination occurs. The most significant human-made water pollutants are microbial infections, nutrients, heavy metals, persistent organic matter, suspended sediments, pesticides, and oxygen-depleting compounds. Heat can also be a contaminant since it causes the water to warm up. Typically, significant deterioration in water quality is caused by pollutants. Before being given to different residential and commercial units for consumption, numerous operations like filtration, disinfection, and chemical treatment are carried out to decontaminate this water. However, even when point-of-use water treatment systems remove some pathogenic microbes and inorganic substances from the water, others still remain. The market for point-of-use water treatment systems is boosted because these water pollutants are growing every day and more water needs to be treated.
Additionally, many African nations, including Nigeria, Ghana, and Ethiopia, as well as other countries in the Asia-Pacific region, including Bangladesh, Pakistan, and Nepal, have serious issues with access to clean water. These undeveloped and emerging nations lack the financial stability necessary to give access to clean drinking water. According to the WHO, diarrhea, which is brought on by tainted water, kills 8.5% and 7.7% of people worldwide each year in Asia and Africa, respectively. Additionally, it claims that countries like Argentina, Bangladesh, India, Chile, and Mexico drink arsenic water, damaging the skin.
During the forecast period, the Point of Use Water Treatment Systems Market in Asia Pacific is anticipated to develop at the quickest rate. For this reason, that rapid urbanization and growth are anticipated in the region. Increasing home adoption of water treatment systems, general economic expansion, and the increased focus of major manufacturers on developing technologically advanced, commercially viable products all contribute to the development of the regional market. Market growth in the region is also expected to benefit from the increasing adoption of cutting-edge technologies. Rapid urbanization is also occurring in the region. Unprecedented demand for water treatment equipment is being driven in part by the questionable safety of city water supplies in developing nations.
Increasing water contamination, Rapid population growth, and Greater awareness about benefits of water treatment will have a favorable impact on the overall Point of Use Water Treatment Systems Market.
Some of the key players in the Global Point of Use Water Treatment Systems Market include- Pentair PLC (US), Honeywell International (US), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), BEST Water Technology AG (Austria), Toray Industries (Japan), ALTICOR (US), 3M COMPANY (US), Tata Chemicals (India), KENT RO Systems (India), Whirlpool Corporation (US), Eureka Forbes (India), Culligan International (US), Instapure Brands (US), Helen of Troy Limited (US), GE Appliances (US), DuPont (US), A.O. Smith Corporation (US), Kinetico (UK), Ecowater Systems (US), WestAqua Distribution OU and others.