(USGovernment-News.Com, January 26, 2021 ) The report "Point-of-Use Water Treatment Systems Market by Device (Tabletop, Faucet-mounted, Countertop, Under-the-sink) Technology (RO, Ultrafiltration, Distillation, Disinfection, Filtration), Application (Residential & Non-Residential), & Region - Forecast to 2023", is projected to grow from USD 14.4 billion in 2018 to USD 21.9 billion by 2023, at a CAGR of 8.80%. Factors such as increasing water contamination, growing awareness about the benefits of clean drinking water, and increasing construction activities drive the point-of-use water treatment systems market.
The counter-top units segment is projected to dominate the global point-of-use water treatment systems market through 2023
The counter-top units segment acquired the largest share in the point-of-use water treatment systems market in 2018, in terms of value, and is projected to grow at the highest CAGR during the forecast period. These systems are convenient to use, have easy maintenance, and they last for a longer duration, owing to the bigger size of filters as compared to those of pitchers and faucet-mounted filters. Faucet-mounted filters segment is projected to register the second-highest CAGR during the forecast period as these devices are inexpensive and has easy installation.
The ion exchange segment is projected to grow at the highest CAGR in the point-of-use water treatment systems market during the forecast period
The ion exchange segment is projected to grow at the highest CAGR in the point-of-use water treatment systems market from 2018 to 2023. These systems helps in reducing the hardness of water and demineralizing it. Moreover, these are also helpful in lead removal from contaminated water. The ultrafiltration systems segment is projected to grow at the second-highest CAGR during the forecast period, due to their easy maintenance, better durability, along with simple, clean, and chemical free filtration process for water purification.
Browse in-depth TOC on "Point-of-Use Water Treatment Systems Market” 94 - Market Data Tables 30 - Figures 128 - Pages
The Asia Pacific is projected to hold the largest share in the point-of-use water treatment systems market during the forecast period
The Asia Pacific is the most attractive market for point-of-use water treatment systems due to the rapid socio-economic development in the region. The growth of this region is supplemented by the growing concerns related to contaminated water and the rise in awareness about various water filtration technologies in developing economies such as India and China.
Key players operating in the point-of-use water treatment systems market include Honeywell International (US), Pentair (UK), Panasonic Corporation (Japan), Unilever (UK), LG Electronics (South Korea), Coway (South Korea), BWT (Austria), Toray Industries (Japan), BRITA Group(Germany and US), and Alticor (US). These players have adopted various growth strategies to expand their global presence and increase their market share.
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