WASHINGTON, Dec. 14, 2022 (GLOBE NEWSWIRE) — The global market for point-of-use water treatment systems is valued at $18.7 billion in 2021 and is projected to grow at a CAGR of 2028 by 2028. USD 29.8 billion (CAGR) is 8.1% over the forecast period.
According to Vantage Market Research, point water treatment units (POUs) are installed in both residential and non-residential areas, regardless of the purpose of the water. These systems are installed on a single plumbing that is often found under kitchen countertops, vanities, faucets and other surfaces. These systems are considered the best choice for end-stage water filtration in small commercial buildings or homes because they require less processing. The combination of these purification systems and inlet water treatment systems provides complete purification, including the removal of harmful impurities and water softening.
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Pathogens, including protozoa, bacteria, viruses, algae, parasites, and other metal contaminants, can infect humans and cause waterborne diseases. Diseases such as typhoid fever, diarrhea, chlorella, malaria, campylobacteriosis and lead poisoning are caused by drinking water contaminated with pathogens and metals. These diseases are spread when people drink raw or unprocessed drinks contaminated with water, shower, wash their hands, or eat food. The World Health Organization estimates that waterborne diseases kill about 1.5 million people every year. Therefore, as knowledge and information about waterborne diseases and water pollution increase, people are becoming more health conscious and prefer clean drinking water to prevent such serious diseases.
In addition, the efforts of several environmental groups to provide clean water are raising awareness of the health benefits of drinking and using clean water in both developed and developing countries. By using point-of-use water purification systems, waterborne diseases can be prevented and the quality of daily drinking water can be improved. Consequently, the demand for these systems is growing worldwide as awareness of waterborne diseases grows.
Smart water filtration systems are a new technological development in the field of water treatment thanks to the development of the Internet of things. These original filters are designed to replace outdated reverse osmosis and UV water filtration systems. They are compact and practical for use with smartphones. One key for easy water draining. In addition, it will remind the user to change the filter frequently before it expires. To avoid overuse, users can also set an accurate timer to fill individual glasses or bottles and keep track of their daily water intake.
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In October 2021, Pentair acquired Pleatco for approximately $255 million in cash. Swimming pool and spa water filtration products are manufactured by Pleatco. Through this acquisition, Pentair expands its distribution network in the US and Europe.
JSC In July 2021, Smith Corporation acquired a Pennsylvania water treatment company called Master Water Conditioning Corporation for all cash. The acquisition of Master Water underscores the company’s commitment to the North American water treatment market, a key element in its goal of providing fresh, unique water heating and treatment solutions.
In an effort to reduce the consumption of single-use plastic water bottles, Brita has entered into a long-term partnership with the future-oriented non-profit organization Parley for the Oceans, starting in June 2021. Together, the two companies launched a concept called “The Future of Water” to envision what future Brita solutions for sustainable water treatment will look like.
In December 2020, Pentair launched the Fresh Point Easy Flow under counter filtration system for residential use. This NSF-certified system provides cool, filtered water straight from the tap all year round with just one filter.
In July 2020, Coway Malaysia launched Coway Kecil, a new water treatment device that mainly uses direct filtration technology. It was created with space saving in mind. This brand new product has an amazingly slim profile, perfect for tight spaces. Coway received a Platinum Medal in the Water Purifier category after launching this water purifier.
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Depending on the equipment, the majority of revenue in the point-of-use water treatment market comes from the MRO category. The point-of-use water treatment market is expected to be dominated by desktop devices. Tabletop units are also known as tabletop filters. These filters are countertop mounted and connected directly to the faucet. With a switch, consumers can choose between filtered and unfiltered water. Table units are equipped with reverse osmosis and activated carbon technology. The contaminants these filters reduce include bacteria, sludge, chlorine, particulate matter, rust, lead, mercury, sludge, copper, benzene, cadmium, and cysts.
Depending on the application, the residential segment has dominated the market for point-of-use water treatment systems. The main element of domestic use is the provision of drinking water to households using point-of-use water purification equipment. The application of residential water treatment is expected to grow rapidly due to the growing demand for purified drinking water to remove unwanted taste, odour, discoloration, suspended particles, biodegradable organic matter and harmful microorganisms.
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In February 2019, the Company acquired Aquion, Inc. “Aquion” as part of Filtration Solutions. The acquisition expands the product portfolio and strengthens the geographic presence, thereby expanding the customer base.
In April 2020, Panasonic entered the Indonesian business of producing central water purifiers for domestic wells. The device uses a rapid oxidation process to eliminate stubborn iron and produce pure water for a safe and healthy life.
The top 7 players generate over 29% of global revenue from point-of-use water treatment systems.
Key players in the point-of-use water treatment market are Pentair PLC, Honeywell International, Panasonic Corporation, Unilever PLC, LG Electronics, Best Water Technology AG (BWT), Toray Industries, Alticor, 3M Company, Tata Chemicals, Kent RO. , Whirlpool Corporation, Eureka Forbes, Culligan International, Instapure Brands, Helen Of Troy Limited, GE Appliances, Dupont, AO Smith Corporation, Kinetico, Ecowater Systems, Westaqua-Distribution OU, etc.
Browse 142 pages of market data tables and figures with detailed table of contents in the Water Purification System Market Forecast Report 2022-2028.
It is estimated that the Asia-Pacific region will account for the largest market share during the forecast period. Due to expansion potential and rapid urbanization of the area. Increasing adoption of household water treatment systems, a growing economy, and increased focus by major companies on building technologically advanced and cost-effective devices in the region are fueling the growth of the regional market. In addition, it is expected that the increased use of modern technologies will contribute to the expansion of the regional market. The area is also rapidly urbanizing. Water quality uncertainty in developing country cities has also created an unprecedented demand for water treatment equipment. Find out which regions offer the best growth opportunities.
Pentair PLC, Honeywell International, Panasonic Corporation, Unilever PLC, LG Electronics, BEST Water Technology AG, Toray Industries, ALTICOR, 3M COMPANY, Tata Chemicals, KENT RO Systems, Whirlpool Corporation, Eureka Forbes, Culligan International, Instapure Brands, Helen of Troy Limited, GE Appliances, DuPont, AO Smith Corporation, Kinetico, Ecowater Systems, WestAqua Distribution OU
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Top Companies in the Point-of-Use Water Treatment Systems Market by Size, Share, Historical and Future Data, and CAGR: https://v-mr.biz/point-of-use-water-treatment-systems-market
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Post time: Dec-21-2022