Water Treatment Systems Market
Water Treatment Systems (Point-of-Use) Market is projected to be worth USD 47.32 billion by 2030, registering a CAGR of 9.31%, according to the latest Market Research Future (MRFR) analysis. Water treatment, put simply, is the treatment of water for making it ideal for specific end uses like river glow maintenance, industrial water supply, irrigation, and drinking.
Various factors are fuelling the global water treatment systems (point of use) market. As per the recent MRFR market estimates, such factors include increased waterborne diseases, technological changes, rapid industrialization, deterioration in the quality of water over the years, increased awareness about health risks due to water contamination, demand for clean drinking water, growing awareness about the significance of water treatment, & technological innovations in the water treatment industry. Additional factors adding market growth include the high consumer income, increasing water pollution levels, rising urban population, demand for potable water, and stringent government regulations to curb water contamination.
On the flip side, high equipment, operation, and installation cost may limit the global water treatment systems (point of use) market growth over the forecast period.
COVID-19 Analysis
The COVID-19 outbreak has impacted every business across the globe with the water treatment systems (point of use) market being no different. The point of use installations and manufacturing are heavily impacted owing to business shutdown mandates, limited local and state government office activities, and social distancing norms. These manufacturers continue to offer water treatment systems in areas where it is allowed and safe to do with minimal workforce. The growth of this market is likely to experience fluctuations owing to the outbreak. Lack of demand, strict government regulations, social distancing law, disturbance in raw material supply, and lack of labor are impacting the growth of the global water treatment systems (point of use) market.
Get a Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/3078
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global water treatment systems (point of use) market based on application & technology.
Based on technology, the water treatment systems (point of use) market is segmented into sedimentation, distillation, water softener, reverse osmosis, filtration, and others. Among these, the filtration segment will command the largest share in the market in the forecast period.
Based on application, the water treatment systems (point of use) market is segmented into infrastructure, industrial, and commercial.
Regional Analysis
By region, the water treatment systems (point of use) market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, the APAC region will sway the market over the forecast period. The region is the largest customer bases for water treatment systems particularly in India and China, rapid industrialization, increased water borne diseases, improving global economy, rapid urbanization, expanding working population, growth in middle class population, growing awareness about water purification technologies, and rise in disposable income are fuelling the growth of the water treatment systems (point of use) market in this region.
In North America, the water treatment systems (point of use) market is predicted to have favorable growth over the forecast period for the stringent regulations regarding water treatments in developed economies.
0
