The report “Point-of-Use Water Treatment Systems Market by Device (Tabletop, Faucet-mounted, Countertop) Technology (RO, Ultrafiltration, Distillation, Disinfection, Filtration), Application (Residential & Non-Residential) & Region – Global Forecast to 2026″, market size is projected to grow from USD 16.2 billion in 2021 to USD 25.3 billion by 2026, at a CAGR of 9.3% from 2021 to 2026. The market is projected to grow in accordance with increasing demand for clean drinking water, increasing water contamination, growing human population, growing awareness about the benefits of water treatment, and technological innovations in the water treatment industry.
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• 216 Market data Tables
• 47 Figures
• 214 Pages and in-depth TOC on “Point-of-Use Water Treatment Systems Market – Global Forecast to 2026″
Some of the prominent key players are:
- Pentair PLC (UK)
- Honeywell International (US)
- Panasonic Corporation (Japan)
- Unilever PLC (UK)
- LG Electronics (South Korea)
- Coway Co. Ltd. (South Korea)
- Best Water Technology AG (Austria)
Opportunity: Scarcity of clean water in developing and underdeveloped countries
Some of the Asia Pacific countries such as Bangladesh, Pakistan, and Nepal and most African countries such as Nigeria, Ghana, and Ethiopia face huge problems related to clean water. Being developing and underdeveloped, these countries lack the financial stability to provide clean drinking water. According to WHO, diarrhea, which is caused due to contaminated drinking water, is responsible for 8.5% and 7.7% of all deaths in Asia and Africa every year. It also states that countries such as Argentina, Bangladesh, India, Chile, and Mexico consume water contaminated with arsenic, which causes skin injuries.
Residential is estimated to be the largest segment in the point-of-use water treatment systems market in 2020.
By application, the residential sector is projected to be the largest segment in the point-of-use water treatment systems market. The residential application mainly encompasses the use of point-of-use water treatment systems to produce potable water for domestic consumption. The residential water treatment application is expected to witness high growth due to the increasing need for treated drinking water, removal of unpleasant taste, odor, and discoloration, suspended solids, biodegradable organics, and pathogenic bacterial.
The APAC region is projected to account for the largest share in the point-of-use water treatment systems market during the forecast period.
The APAC region is projected to lead the point-of-use water treatment systems market in term. The growing population in these countries presents a huge customer base. The growth of these industries is backed by the increasing public and private sector investments, increasing population, growing economy, and high disposable incomes of both value and volume from 2021 to 2026. Growing population and rapid urbanization are among the key factors propelling industry expansion in the region, during the forecast period.
