Market Research Report
Point of Entry Water Treatment Systems Market Size, Share & Trends Analysis Report By Technology (RO, Distillation, Disinfection, Filtration), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2020 - 2027
|Point of Entry Water Treatment Systems Market Size, Share & Trends Analysis Report By Technology (RO, Distillation, Disinfection, Filtration), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2020 - 2027|
Published: February 10, 2020
Grand View Research, Inc.
Content info: 130 Pages
Delivery time: 2-10 business days
The global point of entry water treatment systems market size is expected to reach USD 10.8 billion by 2027, expanding at a CAGR of 4.1%, according to a new report by Grand View Research, Inc. The market is expected to be driven by growing global population, increasing public health awareness, and rising water pollution.
Regions with limited or no access to fresh water source are dependent on ground water levels, including wells or underground reservoirs. However, water drawn from any source needs to be purified before drinking, to avoid contracting diseases like cholera and giardiasis, which, in turn, expected to drive the market over the forecast period.
Numerous manufacturers are shifting their focus toward developing systems and units that can function without constant electricity supply, so that these units can be used in remote areas. The market is dominated by global multinationals, which are majorly concentrated in North America and Europe.
Based on technology, the reverse osmosis (RO) segment is accounted for 17% of market share in 2019. This is attributed to easy installation and maintenance associated to the filtration process. The filtration technology segment is anticipated to witness significant market share owing to rising adoption of the technology in residence, workplaces, and institutions. Growing demand for RO and disinfection is likely to propel substantial growth over the forecast period.
In Asia Pacific, the market is expected to reach USD 4.3 billion by 2027. This is attributed to growing adoption of the technology in various sectors including mining, oil and gas, power generation, and paper and pulp. Growth of the aforementioned sectors in developing countries such as China, India, and Singapore is anticipated to drive the market in the region.
Key manufacturers are incorporating alterations in the designs of point of entry water treatment systems to enhance their usability and optimize penetration of the product. Companies attempting to establish themselves in the market are required to compete with existing multinationals including 3M, Dow Chemicals, GE, BWT AG, Culligan International, and Honeywell International.
Advanced research and development operations of the market participants have led to extremely innovative designs, which have optimized the adoption of point of entry water treatment systems across the regions.