PUBLISHER: Grand View Research | PRODUCT CODE: 1751285
PUBLISHER: Grand View Research | PRODUCT CODE: 1751285
The global point of use water treatment systems market is anticipated to reach USD 53.56 billion by 2030 and is anticipated to expand at a CAGR of 9.2% during the forecast period, according to a new report by Grand View Research, Inc. The increasing scarcity of fresh water reservoirs and safe drinking water across the world, owing to the increasing industrial activities and growing population, is anticipated to fuel the growth of the market over the forecast period.
The escalating demand for point of use water treatment systems reflects a broader societal shift towards prioritizing water quality in residential and non-residential domains. The residential sector embraces point of use water treatment systems for their convenience and affordability, providing a personalized approach to enhancing drinking water quality. Simultaneously, the non-residential sector leverages the adaptability and scalability of point of use water treatment systems to address diverse water treatment needs, ensuring compliance with regulations and cost-effective solutions. This growing reliance on point of use water treatment systems underscores a collective recognition of the importance of localized and tailored approaches to secure clean and safe water in both personal and professional spheres.
Population growth, rapid urbanization, technological advancements, and infrastructure expansion have all increased global demand for fresh and processed water. According to a report by the United Nations, the global urban population is expected to grow from 3.9 billion to 6.3 billion by 2050. The human population has grown more than doubled in the last 50 years, resulting in high water consumption. The lack of freshwater sources has resulted in water scarcity. The reduced water resources & increased water pollution are also aiding the demand for point of use water treatment systems.