The Report Water Treatment Systems Market Size, Share & Trends Analysis Report
By Technology (RO, Distillation, Disinfection, Filtration), By Application, By
Installation (POU, POE), And Segment Forecasts, 2018 - 2025
According to a report
published by Grand View Research, Inc.; the global water treatment systems
market is projected to reach around USD 44.01 billion by 2025. Rising levels of
water pollution and government initiatives to reduce water contamination will
drive the market. Rising consumer health awareness and demand for potable water
are also expected to fuel the demand during the forecast period (2018 to 2025).
High awareness regarding the
importance of clean water coupled with rising investments in efficient water
purification and treatment facilities are anticipated to drive the market in
near future. Additionally, easy availability of water treatment units and
reduced manufacturing costs can positively impact market expansion. Growing
level of pollution in rivers and lakes due to industrialization is also
expected to boost the demand. Water treatment is essential to avoid prevalence
of cholera, giardiasis, and other waterborne diseases. This factor is projected
to propel the demand for these systems in the forthcoming years.
The worldwide water treatment
systems market can be segmented on the basis of installation, technology,
application, and region. Based on installation, the market can be classified
into Point of Use (PoU) and Point of Entry (PoE). The PoU segment is
anticipated to exhibit a volume-based CAGR of 16.7% during the forecast period
attributed to convenient installation and affordable prices. High adoption of
faucet mounted filter in emerging countries such as South Africa and India is
anticipated to bode well for market growth. The POE segment was estimated to be
worth 8.3 million units in 2016. High demand from North America and Europe
owing to high aesthetic value of these installations is projected to drive the
demand.
Access Research Report of Water Treatment Systems
Market@ www.grandviewresearch.com/industry-analysis/water-treatment-systems-market
As per technology, the market
can be categorized into filtration, disinfection, and reverse osmosis systems.
In 2016, distillation systems was valued at USD 3.98 billion and is anticipated
to display strong growth during the forecast period. The disinfection methods
segment was estimated to be worth USD 3.60 billion in 2016. These methods
utilize ultraviolet light, ozone, chloramines, chlorination, and chlorine
dioxide. The filtration method segment held around 17.7% of overall market
share owing to lower manufacturing costs.
Based on application, the
market for water treatment systems can be bifurcated into residential and
non-residential The non-residential segment is projected to rise at the fastest
CAGR of 7.6% during the forecast period. The segment comprises commercial
establishments, educational institutions, industrial units, and healthcare and
recreational facilities. . The residential segment is likely to expand at a
CAGR of 5.8% during the forecast period in terms of revenue. Growth in
residential construction across the world is anticipated to propel this
expansion.
Geographically, the market can
be divided into North America, Europe, Asia Pacific, Central and South America,
and Middle East and Africa. Asia Pacific is anticipated to dominate over the
projected period owing to economic growth of China driven by massive rise in
investments in technology and research. Significant changes in water supply and
hygiene scenario owing to challenges such as water pollution, contamination,
and scarcity are anticipated to further boost the demand. In 2016, India was
one the leading markets for water treatment systems owing to large-scale water
contamination and population explosion. The India market is expected to reach
USD 3.64 billion over the forecast period.
In terms of revenue, Europe
was reported as second largest market and occupied more than 26.0% in 2016.
This growth can be credited to high requirement for efficient systems in
residential as well as non-residential applications. In 2016, the U.K.
estimated for 32.3 million units in terms of volume. The U.S. market is poised
to rise at a CAGR of 3.3% during the forecast period in terms of revenue. This
can be ascribed to supportive regulatory policies. In addition, economic
benefits provided by vendors and distributors are anticipated to improve the
business by 2015.
Key companies operating in the
water treatment systems market include Watts Water Technologies Inc.; Honeywell
Corporation; Aquasana, Inc.; Koninklijke Philips N.V.; and Dow Chemical
Company.
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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