Water Treatment System Market size 2020 With Top Countries Data, Opportunities by Regions
Market Analysis
The water treatment systems (point of use) market will touch USD
28,072.6 million at a healthy CAGR in the forecast period 2020- 2027, according
to the latest Market Research Future (MRFR) analysis. Water treatment, put
simply, is the treatment of water for making it ideal for specific end uses
like river glow maintenance, industrial water supply, irrigation, and
drinking.
Various factors are fuelling the Water
Treatment System Market size. As per the recent MRFR market estimates,
such factors include increased waterborne diseases, technological changes,
rapid industrialization, deterioration in the quality of water over the years,
increased awareness about health risks due to water contamination, demand for
clean drinking water, growing awareness about the significance of water
treatment, & technological innovations in the water treatment industry.
Additional factors adding market growth include the high consumer income,
increasing water pollution levels, rising urban population, demand for potable
water, and stringent government regulations to curb water contamination.
On the flip side, high equipment, operation, and installation cost may
limit the global water treatment systems (point of use) market growth over the
forecast period.
COVID-19 Analysis
The COVID-19 outbreak has impacted every business across the globe with
the water treatment systems (point of use) market being no different. The point
of use installations and manufacturing are heavily impacted owing to business
shutdown mandates, limited local and state government office activities, and
social distancing norms. These manufacturers continue to offer water treatment
systems in areas where it is allowed and safe to do with minimal workforce. The
growth of this market is likely to experience fluctuations owing to the
outbreak. Lack of demand, strict government regulations, social distancing law,
disturbance in raw material supply, and lack of labor are impacting the growth
of the global water treatment systems (point of use) market.
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Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the
global water treatment systems (point of use) market based on application &
technology.
Based on technology, the water treatment systems (point of use) market
is segmented into sedimentation, distillation, water softener, reverse osmosis,
filtration, and others. Among these, the filtration segment will command the
largest share in the market in the forecast period.
Based on application, the water treatment systems (point of use) market
is segmented into infrastructure, industrial, and commercial.
Regional Analysis
By region, the water treatment systems (point of use) market covers the
recent trends and growth opportunity across Europe, the Asia Pacific (APAC),
North America, and Rest of the World (RoW). Of these, the APAC region will sway
the market over the forecast period. The region is the largest customer bases
for water treatment systems particularly in India and China, rapid industrialization,
increased water borne diseases, improving global economy, rapid urbanization,
expanding working population, growth in middle class population, growing
awareness about water purification technologies, and rise in disposable income
are fuelling the growth of the water treatment systems (point of use) market in
this region.
In North America, the water treatment systems (point of use) market is
predicted to have favorable growth over the forecast period for the stringent
regulations regarding water treatments in developed economies.
In Europe, the water treatment systems (point of use) market is
predicted to have promising growth over the forecast period. High demand for
high quality systems from different major end users such as non-residential and
residential applications is adding to the global water treatment systems (point
of use) market growth in the region. Germany holds the utmost market
share.
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Key Players
The prominent players profiled in the global water treatment systems
(point of use) market report include Pentair PLC., Danaher Corporation, Best
Water Technology AG, Calgon Carbon Corporation, The Dow Chemical Company, Watts
Water Technologies, Inc., Honeywell International Inc., Culligan International,
and 3M Company, among others.
The water treatment systems (point of use) market is fragmented and
competitive with the presence of multiple domestic and international industry
players. These players have used assorted strategies to stay at the forefront
and also cater to the surging needs of the esteemed customers, such as
collaborations, partnerships, contracts, geographic expansions, new product
launches, joint ventures, and more. Additionally, these players are also making
heavy investments in research and development activities for strengthening
their portfolios and also creating a hold in the market.
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