Point Of Entry Water Treatment Systems Market: Trends, Business Strategies And OPosted by Nicky Arora on April 6th, 2021 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 a growing global population, increasing public health awareness, and rising water pollution.
Regions with limited or no access to fresh water sources are dependent on groundwater 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, are 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 the market share in 2019. This is attributed to the easy installation and maintenance associated with the filtration process. The filtration technology segment is anticipated to witness significant market share owing to the 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 the growing adoption of 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.
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Point Of Entry Water Treatment Systems Market Report Highlights
Point Of Entry Water Treatment Systems Market Segmentation
Grand View Research has segmented the global point of entry water treatment systems market on the basis of technology, application, and region:
Point of Entry Water Treatment Systems Technology Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2027)
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