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Point of Use Water Treatment Systems Market to Exhibit 8.1% CAGR till 2028; Acuva Technologies Inc. Launches Two Products with High Disinfection Requirements

April 19, 2021 | Chemicals & Materials

The global point of use water treatment systems market size is projected to reach USD 34.03 billion by 2028. Nowadays, smart purifiers are likely to replace the conventional ultra-violet and reverse osmosis water purification systems. These can be connected with smartphones and are compact. They also include a notification feature that informs the users regarding the replacement of filters before expiry. Fortune Business Insights™ published this information in a new study, titled, “Point of Use Water Treatment Systems Market Size, Share & COVID-19 Impact Analysis, By Product Type (Under The Counter Filters, Counter Top 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 Forecast, 2021-2028.” As per the study, the market stood at USD 18.52 billion in 2020 and is set to exhibit a CAGR of 8.1% during the forecast period between 2021-2028.


Bluewater Joins Hands with No More Bottles to Launch Innovative Products in U.A.E.


In February 2020, Bluewater, a water brand providing transformative commercial and home water purifiers, based in Sweden, unveiled its new water purification products in the United Arab Emirates. These products can eliminate 99% of water-borne contaminants. The company signed an agreement with No More Bottles for boosting expansion in the MENA market. As per a company official, “We look forward to helping people enjoy healthier and cleaner drinking water without the requirement of plastic bottles.” Such initiatives by prominent organizations would spur the demand for point-of-use water treatment systems in the upcoming years.


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


Rising Concerns of Water Pollution and Increasing Awareness to Boost Growth


Environmental agencies of developed and emerging countries across the globe are persistently striving to spread awareness about the health benefits of these systems. They can prevent water-borne diseases by refining the quality of water that is to be consumed daily. Besides, the rising information available on water pollution and diseases caused by consuming contaminated water is set to accelerate the point of use water treatment systems market in the upcoming years. However, the production cost of filters is very high because of the requirement of a highly skilled workforce to meet the standard regulations and achieve the optimal design. It may obstruct growth.


Key Players Aim to Enhance Their Product Offerings to Attract More Customers


The market houses numerous vendors providing point of use water treatment systems. Most of them are focusing on new product developments, superior operational efficiencies, acquisitions, and agreements. Some of the others are also trying to improve their pre-existing offerings to gain more customers.


Fortune Business Insights™ presents a list of reputed manufacturers of point of use water treatment systems operating in the market. They are as follows:



  • A. O. Smith Corporation (USA)

  • Brita LP (USA)

  • Pentair PLC (USA)

  • Culligan International Company (USA)

  • Unilever PLC (UK)

  • Panasonic Corporation (Japan)

  • LG Electronics (South Korea)

  • Helen of Troy Limited (USA)

  • 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. (USA)

  • General Ecology Inc. (USA)


A Significant Industry Development-



  • November 2019: Acuva Technologies Inc. introduced two new products, namely, Eco-NX and Eco-NX Silver to strengthen its portfolio. Both systems contain the company’s patented technology named IntenseBeam. It would provide a low maintenance requirement and high disinfection rate.


Further Report Findings-



  • Based on the category, the UV filters segment generated 22.7% in terms of the point of use water treatment systems market share in 2020. The RO filters segment, on the other hand, is anticipated to remain at the forefront because of the incorporation of technologically advanced membrane filtration technology in these filters. Therefore, they can remove around 99% of all water contaminants and provide clean water.

  • Asia Pacific stood at USD 7.19 billion in terms of revenue in 2020 as it is set to dominate in the near future. As per the World Bank data, East Asia & Pacific is considered to be the world’s largest urban region that grows by 3% every year. Hence, the demand for these systems would increase considerably in this region.

  • Europe would remain in the second position followed by North America. The European Environment Agency mentioned that the region exhibits a total consumption of almost 12% of water by households itself. In North America, the rising penetration of point of use water treatment systems would augment growth.


The global market is segmented in this way:


















































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD Billion)



Segmentation



   By Product Type, By Category, By Application, By Region



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 Region




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



    • U.S.

    • Canada



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

    • Germany

    • UK

    • France

    • Italy

    • Rest of Europe



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

    • China

    • India

    • Japan

    • ASEAN

    • Rest of Asia Pacific



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

    • Brazil

    • Mexico

    • Rest of Latin America



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

    • Middle East

    • Africa




Point-of-Use Water Treatment Systems Market
  • PDF
  • 2020
  • 2017-2019
  • 120

    CHOOSE LICENSE TYPE

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