PUBLISHER: Grand View Research, Inc. | PRODUCT CODE: 1170986
PUBLISHER: Grand View Research, Inc. | PRODUCT CODE: 1170986
The global water treatment systems market size is anticipated to reach USD 77.95 billion by 2030, registering a CAGR of 8.8% over the forecast period, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing water pollution levels, increasing urban population, and rising health awareness. Strict government regulations to curb water contamination are also expected to boost industry growth over the forecast period. The exponential growth of the global population over the last five decades has put significant strain on the natural resources of the planet, particularly air and water. Ongoing industrialization and increasing agricultural activities owing to population growth are expected to increase the global demand for water treatment systems.
Rising awareness among the masses regarding the consumption of treated water has contributed significantly to product adoption, which can help avoid the spread of waterborne diseases. Systems used for water treatment are affordable and readily available in most convenience stores globally owing to the extensive spread of the manufacturers' distribution channels. In addition, a rise in the demand for clean water in emerging economies of the Asia Pacific, Middle East & Africa, and Central & South America regions is projected to augment the growth of the industry in the future. Large-scale companies have been concentrating on cost-cutting in their production processes to achieve economies of scale.