Market Research Report
Global Swimming Pool Water Treatment Equipment Market - 2019-2026
|Published by||DataM Intelligence||Product code||911815|
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|Global Swimming Pool Water Treatment Equipment Market - 2019-2026|
|Published: November 1, 2019||Content info:||
The global Swimming Pool Water Treatment Equipment market expected to reach $XX billion by 2026, at a CAGR of over 14% during the forecast period. The increasing urbanization coupled with the rise in disposable income has increased the construction of swimming pools. With the construction of swimming pools, the water treatment equipment market is on boost for keeping the pools clean.
Swimming Pool Water Treatment Equipment are various devices used for treating the water in the pool. Swimming pool water must undergo treatment, to remain clear and clean, free from harmful substances, bacteria, viruses, algae and other pathogens and suitable for use by swimmers. The demand for these components is largely driven by rising new build market which deals with the construction of new swimming pools and aftermarket which provides services like centralized control, maintenance, upkeep and improvisation of existing pool bases. Swimming pool water treatment equipment includes filters, pumps, valves, heaters and other equipment.
The report covers all the major trends and drivers playing a vital role in the growth of the global Swimming Pool Water Treatment Equipment market. The global Swimming Pool Water Treatment Equipment market has been segmented based on Region, Product Type, and Application.
The global Swimming Pool Water Treatment Equipment Market is primarily driven by the increasing demand for safe and aesthetic pool environment to bolster the performance of swimming pool water treatment market. Increase in the urbanization and growing need for the personal swimming pools has made the market to grow for the Swimming pool water treatment equipment to grow significantly in the forecast period. With growing tourism and hospitality industry and the suitable temperature specially in Europe is attracting more investment in construction of swimming pools and hence impacting the swimming pool water treatment equipment market.
However, the seasonal trend of Swimming Pool use will hinder the swimming pool water treatment equipment market. As Swimming pool are used in the summer seasons only, and most the countries with higher share have the extreme temperatures in winter, making the market for swimming pool water treatment equipment to lose out in the winter season. Another factor which will hinder the market for the swimming pool water treatment equipment is the rise in the energy cost all around the world.
Market Segment Analysis
By product type, the global Swimming Pool Water Treatment Equipment Market is segmented into All in one equipment and Traditional equipment. Traditional equipment holds dominance in the product type segment. However, with the rise in technology. All in one equipment will surpass the traditional equipment market in the forecast period. Smart systems are slowly penetrating the market and consumers are responding to the new technology. IoT technology is promising for pool water treatment systems as the market moves toward predictive analysis. The data captured from IoT platforms will revolutionize the industry.
By application, the global Swimming Pool Water Treatment Equipment Market is segmented into Residential and Commercial. Residential have higher dominance in the swimming pool water treatment equipment market due to the rapid urbanization and the rising need for lavish lifestyle by the people, and with the rising need for pools impacts the rise for the swimming pool water treatment equipment market. However, Commercial will rise with the higher CAGR for the forecast period due to the increase in tourism all around the world creating demands for the lavish hotel stays with pools.
By geography, the global Swimming Pool Water Treatment Equipment Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
Europe holds the largest market share for Swimming Pool Water Treatment Equipment Market due to population growth, higher disposable income, pleasant climates and dependence on tourism, is poised to fuel growth throughout Europe's national markets. This has made Europe hold most of the market share and will retain its dominance in the forecast years. Europe's top hotel companies in the construction pipeline are AccorHotels, at an all-time high, with 225 projects/29,613 rooms, Marriott International with 186 projects/31,192 rooms, Hilton Worldwide with 170 projects/26,988 rooms, and InterContinental Hotels Group (IHG) with 139 projects/23,540 rooms. These four company's make-ups 50 per cent of the total hotel construction pipeline in Europe. That percentage is expected to rise as some 21 per cent of the projects in the pipeline have yet to choose a brand.
However, North America is after Europe in terms of the market share of Swimming Pool Water Treatment Equipment Market, due to the increasing number of households with swimming pools in them. In 2017, According to the Association of Pool & Spa Professionals, there are approximately 10.4 Million residential swimming pools, with that number expected to grow in coming years and hence, the market for swimming pool water treatment equipment market will grow for the forecast period.
Key players are adopting strategies such as Acquisition, mergers, joint venture, new product launches, and investment in R&D to stand out as strong competitors in the market. The major players include Pentair, Hayward, Fluidra, Emaux, AQUA, Pahlen, Culligan, and Sterling. Other key players in the market include Firsle, MIURA, Carefree Clearwater, Kurita, Speck Pump, Prominent, Zodiac, Intec America, Miox, CIPU, Denor, Hairunde, Wuxi Bibo, Rightleder, Kelan Water, Zhengzhou Pafific, and Zhengzhou Langjing.
In April 2019, Hayward Industries, Inc., a leading global manufacturer and marketer of residential and commercial pool equipment was recently awarded the 2019 ENERGY STAR Partner of the Year Award by the U.S. Environmental Protection Agency for its commitment to energy efficiency through product innovation. This year, Hayward was honored for its leadership in the variable-speed pool pump category, as the brand offers the most efficient line-up of ENERGY STAR certified variable-speed pool pumps in the industry.
In October 2017, the new filtration solution from Pentair was called "Freshpoint". Its unique encapsulated cartridge technology prevents contaminants from entering the water.