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.
Browse 216 market data Tables and 47 Figures spread through 214 Pages and in-depth TOC on "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"
In terms of value & volume, counter-top is estimated to lead the point-of-use water treatment systems market in 2020
Based on device, counter-top units are projected to be the largest segment in the point-of-use water treatment systems market. Counter-top units are also known as on-counter filters. These filters sit on the counter and are directly connected to the faucet. They consist of a diverter, allowing users to switch between unfiltered and filtered water. Counter-top units operate on reverse osmosis as well as activated carbon technologies. These filters reduce contaminants, such as bacteria, dirt, chlorine, particulates, rust, lead, mercury, sediment, copper, benzene, cadmium, and cysts. The major advantage of counter-top units is that they do not require frequent filter changes. However, they require some plumbing. Counter-top units do not chill water, unlike pitcher water filters.
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.
Reverse Osmosis is estimated to be the largest segment in the point-of-use water treatment systems market in 2020.
By Technology, reverse osmosis is projected to be the largest segment in the point-of-use water treatment systems market. Reverse osmosis is a process of producing pure water through a semipermeable membrane, wherein the water is pumped at high pressure through this membrane, which separates inorganic minerals (such as radium, sulfate, calcium, magnesium, potassium, sodium, nitrate, fluoride, and phosphorous), organic compounds (including pesticides), and other impurities from water. Usually, reverse osmosis systems are combined with a mechanical and activated carbon filter. The sand and large particles are removed by the mechanical filter first, and then after passing through the RO unit, the water is moved through the activated carbon filter for the removal of organic compounds. The RO water purifier can be of various types, such as wall-mounted or tabletop and under-the-sink or under-the-counter RO purifier.
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.
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), Toray Industries (Japan), amongst others, are the key players operating in the point-of-use water treatment systems market. Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the point-of-use water treatment systems market.
The global point of use water treatment systems market size is anticipated to witness significant growth on account of the increasing levels of water pollution, attributed to the rise in urbanization and industrialization, coupled with the increasing importance of clean water.
As per a recent report by Fortune Business Insights titled, "Point of use water treatment systems market Size, Share & Industry Analysis, By Product Type (Under The Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters, and Others), By Category (RO Filters, UV Filters, Gravity Filters, and Others), By Application (Residential and Light Commercial) and Regional Forecast, 2020-2027," the market value stood at USD 17.30 Billion in 2019 and is anticipated to rise at a CAGR of 8.1%to reach USD 32.20 Billion by 2027.
The outbreak of COVID-19 is expected to have a significant impact on the growth of the market.
The year-on-year growth rate is estimated to decline for the next two years as compared to the earlier.
List of key Companies Profiled in the vendors in the Point of Use (POU) Water Treatment Systems Market Research Report are:Global Water Solutions Ltd. (USA)Panasonic Corporation (Japan)Best Water Technology Group (Austria)Katadyn Group (Switzerland)General Ecology Inc. (USA)A. O. Smith Corporation (USA)Culligan International Company (USA)LG Electronics (South Korea)Kent RO Systems Ltd. (India)Eureka Forbes Ltd. (India)Brita LP (USA)Unilever PLC (UK)Helen of Troy Limited (USA)Coway Co. Ltd. (South Korea)Pentair PLC (USA)Other vendorsDrivers & Restraints:Advent of Smart Water Treatment Systems will Add Impetus to MarketThe increasing levels of water pollution, rise in prevalence of water-borne diseases such as typhoid, cholera, malaria, anemia, dengue, and others, and the rising importance of clean drinking water are the major point of use water treatment systems market growth drivers.
In addition to this, the implementation of advanced technology in terms of water purification systems primarily focuses on removing harmful contaminants, and complete water purification for home and light commercial buildings, thereby adding impetus to the market.On the negative side, water purification systems such as ultra-violet filters and reverse osmosis filters are expensive and the maintenance costs of such systems are also high.
Global Point-of-Use Water Treatment Systems Market Information by Technology (Filtration, Reverse osmosis, water softener, distillation, sedimentation, and others) by Application (Commercial, Industrial, and Infrastructure) and Region - Forecast to 2021Global Water Treatment Systems Market – OverviewThe increased need for making available clean water to a rapidly growing population is growing the market demand for water treatment systems.
The market is projected to develop at an excellent CAGR in the forecast period.The government authorities and private bodies are actively taking steps to ensure good water quality and thus reducing the occurrence of water-borne diseases.
The regions that are counted in the water treatment systems market are Europe, North America, Asia Pacific and Rest of the World.Detailed Regional Analysis The regional analysis of the water treatment systems market spans regions such as Europe, North America, Asia Pacific and Rest of the World.
The Asia Pacific region controls the water treatment systems market globally with its speedily increasing market globally.
As the Asia Pacific region is one of the major customer sources for water treatment systems, specifically in countries such as China and India.
The competitive outlook for the market is expected to diversify significantly in the coming period.
