PUBLISHER: The Business Research Company | PRODUCT CODE: 1249002
PUBLISHER: The Business Research Company | PRODUCT CODE: 1249002
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“Point Of Entry Water Treatment Systems Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on point of entry water treatment systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for point of entry water treatment systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The point of entry water treatment systems market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: 3M Company; Honeywell International Inc; General Electric Company; Best Water Technology (BWT) AG; Calgon Carbon Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Major players in the point-of-entry water treatment systems market are: 3M Company, Honeywell International Inc., General Electric Company, Best Water Technology (BWT) AG, Calgon Carbon Corporation, Pentair plc, The Dow Chemical Company, Danaher Corporation, Watts Water Technologies Inc., Culligan International, Acuva Technologies Inc., Canature Environmental Products Co Ltd., DuPont Inc., and Aquasana Inc.,
The global point of entry water treatment systems market grew from $8.44 billion in 2022 to $9.2 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The point of entry water treatment systems market is expected to grow to $12.3 billion in 2027 at a CAGR of 7.5%.
The point of entry water treatment system market consists of sales of mechanical filters, absorption filters, sequestration filters, ion exchange filters, and reverse osmosis filters. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The point of entry water treatment system refers to a device or a system that is installed at the main supply line to improve the taste, smell, and appearance of the water by removing unwanted chemicals and minerals. These are installed at main water lines in commercial and residential buildings.
North America was the largest region in the point-of-entry water treatment systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of entry water treatment systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of devices in point-of-entry water treatment systems are faucet-mounted filters, table-top pitchers, countertop units, under-the-sink filters, and others. Faucet-mounted filters are used to remove contaminants found in tap water such as heavy metals, lead, and bacteria. It promotes hydration and preserves the environment by minimizing the use of plastic, contributing to a healthier lifestyle and experience. Faucet-mounted filters in the point-of-entry water treatment systems market refer to faucet/tap filters that are mounted on tap water to remove impurities by passing water through a filter media. The different technologies include reverse osmosis systems, distillation systems, disinfection methods, ultrafiltration systems, water softeners, and others that are used in residential and commercial applications.
An increase in the consumption of treated water is expected to propel the growth of the point-of-entry water treatment systems market going forward. Treated water refers to a technique that enhances the quality of water to make it suitable for a particular end-use, such as drinking, irrigation, industrial, and water recreation use. Consumption of treated water offers advantages such as pathogen and bacteria-free water, a better quality of water in terms of taste and smell, removal of toxic metals, and reduced dependency on plastic bottles. Due to the advantages of treated water, its consumption is increasing, which drives the demand for point-of-entry water treatment systems. For instance, according to the World Health Organization, a Switzerland-based government agency, in 2020, 74% of the global population (5.8 billion people) consumed safely managed drinking water services. Also, International Bottled Water Association, 15 billion gallons of bottled water were consumed by Americans in 2020, up 4.2% from 2019. Therefore, an increase in the consumption of treated water is driving the demand for the point-of-entry water treatment systems market.
Technological advancements are the key trend gaining significant popularity in the point-of-entry water treatment systems market. Major market players are concentrating their efforts on implementing new technology and innovations in water filtration systems to strengthen their market position. For instance, in October 2021, Unilever plc, a UK-based consumer goods company, launched Pureit, a water purification system featuring reverse osmosis technology. It provides filtered water up to 7,000 Liters before a filter change is needed. The system combines anti-scaling agents, reverse osmosis, and carbon filters to create cleaner, fresher water. Compact and tankless, the Pureit 5 Series Reverse Osmosis Water Purifier has received the Water Quality Association (WQA) Gold Seal certification.
In July 2021, A. O. Smith Corporation, a US-based water technology company acquired Master Water Conditioning Corporation for an undisclosed amount. The acquisition aimed at strengthening the product portfolio of A. O. Smith Corporation by delivering innovative, differentiated solutions to treat water. Master Water Conditioning Corporation, is a US-based company that manufactures residential and commercial water treatment systems.
The countries covered in the point of entry water treatment systems market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The point of entry water treatment systems market research report is one of a series of new reports from The Business Research Company that provides a point of entry water treatment systems market statistics, including point of entry water treatment systems industry global market size, regional shares, competitors with the point of entry water treatment systems market share, detailed point of entry water treatment systems market segments, market trends, and opportunities, and any further data you may need to thrive in the point of entry water treatment systems industry. This point-of-entry water treatment systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.