Global Point-of-Use Water Treatment Systems Market Size By Application(Residential and Non- Residential), By Device(Tabletop pitchers, Faucet-mounted filters), By Technology(Reverse osmosis systems, Ultrafiltration systems, Distillation systems), By Geographic Scope And Forecast
Published on: 2024-07-13 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Point-of-Use Water Treatment Systems Market Size By Application(Residential and Non- Residential), By Device(Tabletop pitchers, Faucet-mounted filters), By Technology(Reverse osmosis systems, Ultrafiltration systems, Distillation systems), By Geographic Scope And Forecast
Point-of-Use Water Treatment Systems Market Size And Forecast
Point-of-Use Water Treatment Systems Market size was valued at USD 15.71 Billion in 2021 and is projected to reach USD 35.05 Billion by 2030, growing at a CAGR of 9.33% from 2022 to 2030.
Rising 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 are all these factors fueling the growth of the market. The Global Point-of-Use Water Treatment Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Point-of-Use Water Treatment Systems Market Definition
Point-of-use (POU) technologies are on-site water treatment systems that eliminate pathogens in water sources prior to consumption. Various technologies had emerged and been implemented in POU treatment systems in the past decade. 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 devices can be mounted under the sink, attached to the faucet, or placed on the counter. Any device installed to treat the water entering a home with the aim of treating water distributed throughout the entire home or building is referred to as a point of entry (POE) device.
Homeowners sometimes use POU devices to improve the aesthetic impact (taste, color, and odor) of drinking water provided by a nearby public drinking water system. In other cases, they are put in place by private good owners or public water providers to meet the criteria for the purity of drinking water. Point-of-use water treatment systems can be installed at a single water connection, typically under the sink in the kitchen or bathroom. Middle-class demand in the Asia-Pacific region is being fueled by rapid urbanization and rising knowledge of these systems.
Point-of-use (POU) water filters are intended to reduce or eliminate pollutants in the water, such as pathogens, at the faucet or shower. The POU filter’s filtration mechanism removes harmful pathogens as water moves through it, ultimately enhancing the quality of the water. The filters are extremely useful for medical settings, particularly when dealing with patients who could have impaired immune systems. Studies demonstrate that by preventing waterborne pathogens from entering the patient, these filters can lower illnesses and healthcare costs.
Global Point-of-Use Water Treatment Systems Market Overview
Rising 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 are all these factors fueling the growth of the market. When harmful contaminants are released into the water either directly or indirectly without being properly treated to eliminate them, water contamination occurs. Microbial pathogens, nutrients, heavy metals, persistent organic matter, suspended sediments, pesticides, and oxygen-depleting compounds are the major human water contaminants. Heat can also be a pollutant since it causes the water to heat up. Typically, significant degradation in water quality is caused by pollutants.Before being supplied to different residential and commercial units for consumption, numerous processes like filtration, disinfection, and chemical treatment are carried out to decontaminate this water. However, even when point-of-use water treatment systems remove some pathogenic microorganisms and inorganic substances from the water, others still remain. The market for point-of-use water treatment systems is boosted by the fact that these water pollutants are growing every day and that more water needs to be treated.
However, high installation, equipment, and operational cost restrain the growth of the Point-of-Use Water Treatment Systems Market. Despite the fact that water treatment has several benefits, point-of-use water treatment system installation is expensive. A water softener, for example, which is used to convert hard water into soft water, can cost between USD 2,000 and USD 4,000. The cost of installing a water softener is high because technicians and installers are needed. Some of the point-of-use water treatment systems have high operating and maintenance expenses. For instance, the energy used for cooling and heating in the distillation systems is considerable.
Global Point-of-Use Water Treatment Systems MarketSegmentation Analysis
The Global Point-of-Use Water Treatment Systems Market is segmented based on Application, Device, Technology, and Geography.
Point-of-Use Water Treatment Systems Market, By Application
• Residential• Non- Residential
Based on Applications, Point-of-Use Water Treatment Systems Market is segmented into Residential and Non- Residential. The residential segment is expected to be the largest segment in the point-of-use water treatment systems market. The use of point-of-use water treatment systems to generate potable water for domestic use is the major component of the residential application. Due to the rising demand for treated drinking water, the removal of unpleasant taste, odour, and discoloration, suspended solids, biodegradable organics, and pathogenic bacteria, the residential water treatment application is anticipated to experience rapid expansion.
Point-of-Use Water Treatment Systems Market, By Device
• Tabletop pitchers• Faucet-mounted filters• Counter-top units• under-the-sink filters• Others
Based on Device, Point-of-Use Water Treatment Systems Market is segmented into Tabletop pitchers, Faucet-mounted filters, Counter-top units, under-the-sink filters, and Others. On-counter filters are another name for counter-top units. These filters have a direct connection to the faucet and are placed on the counter. They have a diverter that enables consumers to choose between filtered and unfiltered water. Reverse osmosis and activated carbon technology are used in countertop units. Contaminants include bacteria, dirt, chlorine, particulates, rust, lead, mercury, sediment, copper, benzene, cadmium, and cysts are reduced by these filters. Counter-top units have the significant benefit of not requiring frequent filter replacements.
Point-of-Use Water Treatment Systems Market, By Technology
• Reverse osmosis systems• Ultrafiltration systems• Distillation systems• Disinfection methods• Filtration methods• Ion-exchange• Others
Based on Technology, Point-of-Use Water Treatment Systems Market is segmented into Reverse osmosis systems, Ultrafiltration systems, Distillation systems, Disinfection methods, Filtration methods, Ion exchange, and Others. The reverse osmosis segment is expected 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, in which the water is pumped at high pressure through this membrane, that separates inorganic minerals (such as radium, sulfate, calcium, magnesium, potassium, sodium, nitrate, fluoride, and phosphorous), organic compounds (including pesticides), and other impurities from water. Reverse osmosis systems frequently include mechanical filters as well as activated carbon filters.
Point-of-Use Water Treatment Systems Market, By Geography
• North America• Europe• Asia Pacific• Rest of the World
Based on Region, Point-of-Use Water Treatment Systems Market is divided into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region accounted for the largest market share in 2020. China, India, and Asian countries are the key drivers of point-of-use water treatment system demand in the Asia Pacific because of their concerns over-treated water, rapid urbanization, and economic expansion. These nations’ expanding populations offer a large customer base. Increased governmental and private sector investments, rising population, growing economy, and high disposable income all support the expansion of these industries.
Key Players
The “Global Point-of-Use Water Treatment Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Pentair PLC, Honeywell International, Panasonic Corporation, Unilever PLC, LG Electronics, Coway Co. Ltd., Best Water Technology AG, Toray Industries, amongst others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In April 2020Panasonic entered the domestic well water central purifier business in Indonesia. This device removes hard-to-remove iron using the quick oxidation process to provide clean water for safe and healthy living. This worldwide growth expanded the company’s customer base in the Asian water treatment market.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2018-2030 |
BASE YEAR | 2021 |
FORECAST PERIOD | 2022-2030 |
HISTORICAL PERIOD | 2018-2020 |
UNIT | USD(MILLION) |
KEY COMPANIES PROFILED | Pentair PLC, Honeywell International, Panasonic Corporation, Unilever PLC, LG Electronics, Coway Co. Ltd., Best Water Technology AG, Toray Industries, amongst others. |
SEGMENTS COVERED | By Application, By Device, By Technology and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/Non- Residential in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new Non- Residential/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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