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The global point of use water treatment systems market size was USD 19.58 billion in 2021. The market is projected to grow from USD 20.94 billion in 2022 to USD 36.54 billion by 2029 at a CAGR of 8.3% during the 2022-2029 period.
Fortune Business Insights™ publishes this information in its report titled, "Point of Use Water Treatment Systems Market Size, Share & COVID-19 Impact Analysis, By Product Type (Under the Counter Filters, Countertop Filters, Pitcher Filters, Faucet-mounted Filters, and Others), By Category (RO Filters, UV Filters, Gravity Filters, and Others), By Application (Residential and Light Commercial), and Regional Forecasts, 2022-2029."
Halt On Manufacturing Operations Amid Pandemic Hampered Market Growth
The spread of COVID-19 virus affected several industries globally. Residential and commercial sectors adopted the point of use water treatment systems. Governments imposed strict regulations on manufacturing and production activities and import/export policies. This affected the productivity and profitability of companies operating in the market.
LG Electronics India Announced Launch of New Range of Water Purifiers
LG India introduced a new range of water purifiers to provide clean drinking water that can also be used to wash fruits and vegetables. The 2021 range of purifiers received certification from the Heart Care Foundation of India and guaranteed water purity. This launch allows the company to enhance its product portfolio and ensure profitability.
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Increasing Clean Water Initiatives to Bolster Market Growth
The market is expected to witness prominent growth during the forecast period due to increasing awareness regarding water-borne diseases. The rising demand for smart water treatment systems is anticipated to drive the market in the coming years. Also, various environmental campaigns conducted by the government and social workers are projected to bolster the global point of use water treatment systems market growth.
New System Launch Allow Companies to Propel Growth
The key market players of point of use water treatment systems focus on forming strategic alliances and partnerships with supporting organizations. Also, the companies adopt recent technologies to introduce new product ranges and enhance their product portfolio.
Notable Industry Development:
List of Key Players Covered in the Report:
Further Report Findings:
Asia Pacific dominates the global point of use water treatment systems market share due to rapid urbanization and growth opportunities in the region. The regional market stood at USD 7.71 billion in 2021.
Based on product type, the market is divided into under-the-counter filters, countertop filters, pitcher filters, faucet-mounted filters, and others. Countertop filters are expected to lead the global market due to increasing demand from the plumbing sector.
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD Billion) |
Segmentation | By Product Type, Category, Application, and Geography |
By Product Type |
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By Category |
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By Application |
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By Geography
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