Emphasis on Technology (Reverse Osmosis, Systems, Distillation Systems, Disinfection Methods, Filtration Methods, Others); Application (Residential, Non-Residential); Device (Tabletop Pitchers, Faucet-Mounted Filters, Countertop Units, Under The Sink Filters, Others); Region/Country
The point-of-use water treatment systems market is expected to register a CAGR of approx. 8% over the period of 2022-2028. Point of Use (POU) water treatment systems are installed in residential and non-residential locations where water is used for a variety of purposes. These systems are typically installed at a single water connection, such as under kitchen counters, bathroom showers, faucets, and other locations. These systems are considered an ideal solution for the final stage of water purification in light commercial buildings or at home due to the lower volume treatment. The combination of these treatment systems and point-of-entry water treatment systems provides total purification, from removing harmful contaminants to softening the water. The growing demand for point-of-use water treatment systems can be attributed to the increasing water contamination worldwide which is a major factor behind the increasing prevalence of diarrhea and another waterborne diseases, which in turn affect the human being and the environment globally. For instance, according to BMC Public health, in India, the total number of deaths due to diarrhea of all ages is 632,344 in 2019, and most deaths occurred in the older age group – 70+ years followed by 50–69 years. Rising urbanization, expansion of residential areas and businesses are increasing, therefore, demand for pure and clean drinking water is also increasing thus leading to the growing demand for point-of-use water treatment systems and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the point-of-use water treatment systems market is anticipated to grow on account of the growing health awareness among the young demographic, along with the stringent regulatory guidelines to restrict pollution in drinking water. However, some of the restraints in the market including the high production and maintenance cost of filters are impeding the growth of this market all over the world.
A. O. Smith Corporation, Brita LP, Culligan International Company, Unilever plc, Panasonic Holdings Corp, LG Electronics Inc., EcoWater Systems LLC, Amway Corporation, Koninklijke Philips N.V., Eureka Forbes Ltd. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst technology, the reverse osmosis systems category accounted for the majority share in the market in 2020”
Based on the technology, the point-of-use water treatment systems market is segmented into reverse osmosis systems, distillation systems, disinfection methods, filtration methods, and others. The reverse osmosis systems segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. An RO system is an advanced membrane filtration technology that can remove 99% of water contaminants and provide the same water quality as bottled water. These systems are widely used to purify water. They are considered to be the most effective way to treat hard water.
“Among applications, the residential category is expected to witness considerable growth during the forecast period”
Based on the application, the market is fragmented into residential and non-residential. The residential segment grabbed a considerable market share, and it is expected to grow at a significant growth during the forecast period. The usage of water is high in residential buildings compared to light commercial buildings and also the exponential growth in residential construction across the world.
“Among devices, the countertop unit’s category is expected to witness a considerable growth during the forecast period”
Based on the device, the market is bifurcated into tabletop pitchers, faucet-mounted filters, countertop units, under-the-sink filters, and others. The countertop units segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. These countertop units don’t require complicated plumbing connections for operations and are easy to install. They are specially designed to acquire minimum space and also provide good quality water. These systems use ceramic or activated carbon filters, which are regarded as the best filter media for removing impurities while preserving water’s flavor.
“Asia Pacific to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the point-of-use water treatment systems market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. The Asia pacific constitute a major market for the point-of-use water treatment systems industry owing to the rapid urbanization in the region creates lucrative growth opportunities for point-of-use water treatment systems.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Point-of-use Water Treatment Systems Market
6. Global Point Of Use Water Treatment Systems Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Technology
8. Market Insights By Application
9. Market Insights By Device
10. Market Insights By Region
11. Point Of Use Water Treatment Systems Market Dynamics
12. Point Of Use Water Treatment Systems Market Opportunities
13. Point Of Use Water Treatment Systems Market Trends
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Global Point of Use Water Treatment Systems Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global point-of-use water treatment systems market were the three major steps undertaken to create and analyze the adoption of point-of-use water treatment systems in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global point-of-use water treatment systems market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the point-of-use water treatment systems market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the point-of-use water treatment systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as technology, application, and devices. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the point-of-use water treatment systems market. Further, we conducted factor analysis using dependent and independent variables such as Increasing the contamination of water, and the increasing demand for clean drinking water globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the point-of-use water treatment systems market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global point of use water treatment systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global point of use water treatment systems market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technology, application, and devices in the global point-of-use water treatment systems market.
The main objective of the Global Point of use water treatment systems Market Study
The current & future market trends of the global point-of-use water treatment systems market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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