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Point of Use Water Treatment Systems Market to Reach USD 36.54 Billion by 2029; Rising Clean Water Initiatives by Governments to Propel Growth

June 23, 2022 | Chemicals & Materials

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.    


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/point-of-use-water-treatment-systems-market-102814


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:



  • October 2021: LG Electronics India announced its new 2021 range of water purifiers. The products were certified by the Heart Care Foundation of India and can produce pure water for drinking and clean water for washing fruits & vegetables.


List of Key Players Covered in the Report:



  • A.O. Smith Corporation (U.S.)

  • Brita LP (U.S.)

  • Pentair PLC (U.S.)

  • Culligan International Company (U.S.)

  • Unilever PLC (U.K.)

  • Panasonic Corporation (Japan)

  • LG Electronics (South Korea)

  • Helen of Troy Limited (U.S.)

  • Best Water Technology Group (Austria)

  • Kent RO Systems Ltd. (India)

  • Coway Co. Ltd. (South Korea)

  • Katadyn Group (Switzerland)

  • Eureka Forbes Ltd. (India)

  • Global Water Solutions Ltd. (U.S.)

  • General Ecology Inc. (U.S.)


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




  • Under the Counter Filters

  • Counter Top Filters

  • Pitcher Filters

  • Faucet-mounted Filters

  • Others



By Category




  • RO Filters

  • UV Filters

  • Gravity Filters

  • Others



By Application




  • Residential

  • Light Commercial



By Geography


 




  • North America (By Product Type, By Category, By Application, By Country)

    • U.S. (By Application)

    • Canada (By Application)



  • Europe (By Product Type, By Category, By Application, By Country)

    • Germany (By Application)

    • U.K. (By Application)

    • France (By Application)

    • Italy (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific (By Product Type, By Category, By Application, By Country)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • ASEAN (By Application)

    • Rest of Asia Pacific (By Application)



  • Latin America (By Product Type, By Category, By Application, By Country)

    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America (By Application)



  • Middle East and Africa (By Product Type, By Category, By Application, By Sub-Region)

    • Middle East (By Application)

    • Africa (By Application)




Point-of-Use Water Treatment Systems Market
  • PDF
  • 2021
  • 2018-2020
  • 185

    CHOOSE LICENSE TYPE

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