Point-of-Use Water Treatment Systems Market By Top Trend And Industry Outlook 2021-2030 | Coway (South Korea), BWT (Austria)
Point-of-Use Water Treatment Systems Market is valued at approximately USD 15.00 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.00 % over the forecast period 2021-2027.
Point-of-Use Water Treatment Systems is a water purification process by which undesired chemical compounds, organic and inorganic materials, and biological contaminants are removed from the water. This process also includes distillation (the conversion of a liquid into vapor to condense it back to liquid form) and deionization (ion removal through the extraction of dissolved salts). Frequent development in the technology of water reusing, growing demand for sustainable energy adoption has led to the adoption of Point-of-Use Water Treatment Systems across the forecast period. For Instance: As per Unilever Plc in June 2019, Unilever Plc., under its brand known as Pureit, introduced Pureit Copper+ RO model which uses smart Copper Charge technology to ensure the right amount of copper in every glass of water.
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Also, with the scarcity of clean water in developing and under-developed countries, the adoption & demand for Point-of-Use Water Treatment Systems is likely to increase the market growth during the forecast period. However, competition with the bottled water industry impedes the growth of the market over the forecast period of 2021-2027.
The global Point-of-Use Water Treatment Systems market is considered for the regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the significant region across the world in terms of market share owing to the adoption of technological advancements in water purification. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, rising urbanization, rising population create profitable growth prospects for the Point-of-Use Water Treatment Systems market across Asia-Pacific region.
Major market players included in this report are:Alticor (US)Honeywell International (US)Pentair (UK)Panasonic Corporation (Japan)Unilever (UK)LG Electronics (South Korea)Coway (South Korea)BWT (Austria)Toray Industries (Japan)BRITA Group (Germany and US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:By Device:Tabletop pitchersFaucet-mounted filtersCountertop unitsUnder-the-sink filtersOthersBy Technology:Reverse osmosis systemsUltrafiltration systemsDistillation systemsDisinfection methodsOthersBy Application:ResidentialNon-residential
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Furthermore, years considered for the study are as follows:
Target Audience of the Global Point-of-Use Water Treatment Systems Market in Market Study:
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