Water Treatment Equipment Industry worth USD 47,320 Million by 2030, registering a CAGR of 9.30% - Report by Market Research Future (MRFR)
Market Analysis
Various factors are fuelling the Water Treatment Equipment Industry. 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 opportunities 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 base for water treatment systems, particularly in India and China, rapid industrialization, increased waterborne 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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