Point-of-use water treatment systems market worth $25.3 billion by 2026
CHICAGO, March 16, 2022 /PRNewswire/ — According to new market research report “Point-of-use water treatment systems market by Device (Tabletop, Faucet, Countertop) Technology (RO, Ultrafiltration, Distillation, Disinfection, Filtration), Application (Residential and Non-Residential) and Region – Global Forecast to 2026″released by MarketsandMarkets™, the market size is expected to grow from $16.2 billion in 2021 for $25.3 billion by 2026, at a CAGR of 9.3% from 2021 to 2026. The market is expected to grow based on growing demand for drinking water, rising water contamination, growth in human population, growing awareness of the benefits of water treatment and technological innovations in the water treatment industry.
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In terms of value and volume, countertop is estimated to dominate the point-of-use water treatment systems market in 2020
Based on device, countertop units are expected to be the largest segment of the point-of-use water treatment systems market. Countertop units are also called countertop filters. These filters sit on the counter and are directly attached to the faucet. They consist of a diverter, allowing users to switch between unfiltered water and filtered water. Countertop units run 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 main advantage of countertop units is that they do not require frequent filter changes. However, they do require some plumbing. Countertop units do not chill water like pitcher water filters do.
Residential is estimated to be the largest segment of the point-of-use water treatment systems market in 2020.
By application, the residential sector is expected to be the largest segment of the point-of-use water treatment systems market. Residential application primarily 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 experience strong growth due to the increasing need for treated drinking water, removal of unpleasant taste, odor and discoloration, suspended solids, solids biodegradable organics and pathogenic bacteria.
Reverse osmosis is estimated to be the largest segment of the point-of-use water treatment systems market in 2020.
By technology, reverse osmosis is expected to be the largest segment of the point-of-use water treatment systems market. Reverse osmosis is a process of producing pure water through a semi-permeable membrane, in which water is pumped at high pressure through this membrane, which separates inorganic minerals (such as radium, sulphate, calcium, magnesium, potassium, sodium, nitrate, fluoride and phosphorus), organic compounds (including pesticides) and other water impurities. Usually reverse osmosis systems are combined with a mechanical filter and an activated carbon filter. Sand and large particles are first removed by the mechanical filter, then after passing through the RO unit, the water is moved through the activated carbon filter for the removal of organic compounds. RO water purifier can be of different types, such as wall-mounted or table-top and under-sink or under-counter RO purifier.
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The APAC region is expected to account for the largest share of the point-of-use water treatment systems market over the forecast period.
The APAC region is expected to lead the market for point-of-use water treatment systems eventually. The growing population in these countries presents a huge customer base. The growth of these industries is supported by increasing public and private sector investment, increasing population, growing economy and high disposable incomes in both value and volume from 2021 to 2026. Population growth and rapid urbanization are among the major factors propelling the expansion of the industry in the region, during the forecast period.
Pentair PLC (UK), Honeywell International (USA), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), Coway Co. Ltd. (South Korea), Best Water Technology SA (Austria), Toray Industries (Japan), among others, are the major players operating in the point-of-use water treatment systems market. Mergers & acquisitions, investments & expansions, partnerships & collaborations and new product developments are some of the major strategies adopted by these key players to strengthen their positions in the point-of-use water treatment systems market.
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