Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 23.15 Billion | USD 49.12 Billion | 8.72% | 2023 |
According to a report from Zion Market Research, the global Point-of-Use Water Treatment Systems Market was valued at USD 23.15 Billion in 2023 and is projected to hit USD 49.12 Billion by 2032, with a compound annual growth rate (CAGR) of 8.72% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Point-of-Use Water Treatment Systems industry over the next decade.
Point-of-use water treatment system is a total house water treatment solution. Surge in the levels of water pollution across the globe has culminated into the need for point-of-use water treatment systems. Enforcement of strict laws for inhibiting pollutants in drinking water is expected to generate humongous demand for point-of-use water treatment systems over the forecasting years.
Pathogenic bacteria is one of the key causes of water-borne diseases across the globe and a huge threat to public hygiene & health. Hence, a necessity for developing cost-efficient water treatment technologies have been created. Moreover, the use of Nano-materials in the point-of-use water systems is gaining traction as these materials has ability to overcome limitations of conventional water treatment methods. This, in turn, is anticipated to expand the scope of the point-of-use water treatment systems market over the forthcoming years.
Furthermore, point-of-use water treatment systems are also used for removal of manganese from drinking water as manganese causes neurotoxicity in children. Additionally, rise in the need for potable drinking water along with escalating awareness pertaining to benefits derived due to point-of-use water treatment methods will boost the market trends.
Report Attributes | Report Details |
---|---|
Report Name | Point-of-Use Water Treatment Systems Market |
Market Size in 2023 | USD 23.15 Billion |
Market Forecast in 2032 | USD 49.12 Billion |
Growth Rate | CAGR of 8.72% |
Number of Pages | 110 |
Key Companies Covered | Coway, LG Electronics, Alticor, Pentair, Honeywell, BWT AG, Unilever, Panasonic, Toray, and Brita |
Segments Covered | By Device, By Technology, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific Market To Register Fastest Growth Over 2019-2025
The regional market growth during the forecast timeline is owing to swift urbanization resulting in immense need for potable water. Apart from this, increase in the awareness pertaining to new water purification methods along with prominent bulge in the middle-income group populace will steer the growth of point-of-use water treatment systems industry in the Asia Pacific zone over the forecast period. Countries like India and China are projected to be the major demand pockets of the region during the upcoming years.
Key players profiled in the report include:
The global point-of-use water treatment systems market is segmented as follows:
By Device
By Technology
By Application
By Region
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