Global Point-of-Use Water Treatment Systems Market
Global Point-of-Use Water Treatment Systems Market Size Booming to Cross USD 32.6 Billion by 2029
Published | 31 March 2023
The global point-of-use water treatment systems market is gaining traction because of the increasing focus on treating polluted water to address water scarcity, particularly in developing and underdeveloped countries, and rising health consciousness among young people.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global point-of-use water treatment systems market size at USD 17.57 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global point-of-use water treatment systems market size is projected to grow at an impressive CAGR of 9.35% reaching a value of USD 32.63 billion by 2029. The prevalence of water-borne illnesses and growing levels of water pollution are two major growth reasons for the global point-of-use water treatment systems market. The need for inexpensive water treatment systems is being influenced by the increase in the demand for clean, safe drinking water, particularly from the residential segment. As a result, point-of-use water treatment systems are rapidly gaining popularity in emerging nations, driving the growth of the industry as a whole.
Global Point-of-Use Water Treatment Systems Market – Overview
A Point of Use (PoU) device is a water treatment system that is mounted on one faucet or spigot and used to filter out impurities from the water that comes out of that one tap. PoU equipment can be mounted beneath the sink, attached to the faucet, or placed on the counter. Because the solution is directly connected to the water input and frequently includes a tank as well as a dedicated faucet, it makes everyday usage more convenient. Frequently, the system uses a multi-stage purification procedure that includes reverse osmosis, carbon (activated), and sediment filters.
Global Point-of-Use Water Treatment Systems Market – By Application
Based on application, the global point-of-use water treatment systems market is segmented into residential and non-residential. The residential segment holds a higher share in the global point-of-use water treatment systems market. The point-of-use water treatment systems are gaining huge traction among households for making potable drinking water for domestic use. Meanwhile, the non-residential segment is expected to grow at a higher CAGR as the demand for these water treatment technologies from commercial facilities including hotels and restaurants, shopping centers, offices, and others.
Impact of COVID-19 on Global Point-of-Use Water Treatment Systems Market
The sudden COVID-19 pandemic outbreak hindered the expansion of the global market for point-of-use water treatment devices. The lockdown was implemented by the governments of several nations, which hampered production processes and disrupted the supply chain, reducing demand and supply for these systems. The pandemic also had an impact on middle-class customers' purchasing power, which limited their capacity to pay for the point-of-use water treatment systems' setup, equipment, and maintenance expenses. However, the market is anticipated to gain traction in the post-pandemic period as health consciousness spikes among consumers.
Major players operating in the global point-of-use water treatment systems market include 3M, Koninklijke Philips N.V., Pentair, Panasonic Holdings Corporation, Unilever, LG Electronics, EcoWater Systems LLC, A.O. Smith, Culligan, and Amway Corp. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Point-of-Use Water Treatment Systems Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Point-of-Use Water Treatment Systems Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Point-of-Use Water Treatment Systems Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Device (Tabletop Pitchers, Faucet Mounted Filters, Countertop Units, Under the Sink Filters); By Application (Residential, Non-residential); By Technology (Reverse Osmosis Systems, Distillation Systems, Disinfection Methods, Filtration Methods); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: March 2023
Rising water contamination and water scarcity, especially in developing regions, and growing awareness about treating polluted water and water conservation are expected to boost the growth of global point-of-use water treatment systems market during the forecast period between 2023 and 2029.
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