Point-of-Use Water Treatment Systems Market Worth $24.58 Billion by 2020
PUNE, India, September 4, 2015 /PRNewswire/ --
The report "Point-of-Use Water Treatment Systems Market by Device (Tabletop Pitcher, Faucet-Mounted, Countertop, Under-the-sink), Technology (Reverse Osmosis, Distillation, Disinfection, Filtration), Application (Residential & Non-Residential) - Forecast to 2020" published by MarketsandMarkets, The Point-of-Use Water Treatment Systems Market is estimated to reach USD 24.5 Billion by 2020, with a projected CAGR of 9.86%, from 2015 to 2020.
Browse 209 Tables and 56 Figures spread through 234 Pages and in-depth TOC on "Point-of-Use Water Treatment Systems Market"
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The market report defines and segments the Point-of-Use Water Treatment Systems Market with analysis and forecasting of the global revenues for water treatment systems. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
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The segmentation considered for this report is based on device, technology, application, and region. The market has been segmented on the basis of technology into reverse osmosis systems, distillation systems, disinfection methods, filtration methods, and others. The market for reverse osmosis systems is projected to witness the highest growth based on technology between 2015 and 2020. The market has been further segmented on the basis of device into tabletop pitchers, faucet-mounted filters, countertop units, under-the-sink filters, and others. Based on device, the tabletop pitcher segment is projected to grow at the highest rate between 2015 and 2020.The applications of the point-of-use water treatment systems include residential and non-residential. Residential segment accounted for the highest market share of the total Point-of-Use Water Treatment Systems Market in 2014.
The Point-of-Use Water Treatment Systems Market is projected to register a CAGR of 9.86% from 2015 to 2020. 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. However, high equipment cost acts as a restraint to the market. Scarcity of clean drinking water in developing and under-developed regions provides an opportunity to the Point-of-Use Water Treatment Systems Market to grow even further. Overcoming the growing popularity of bottled water market is a challenge faced by the point-of-use water treatment systems market.
Leading players in the Point-of-Use Water Treatment Systems Market include 3M Company (U.S.), Honeywell International Inc. (U.S.), Koninklijke Philips NV (The Netherlands), Pentair plc (U.K.), Panasonic Corporation (Japan), Unilever PLC (U.K.), and LG Electronics Inc. (South Korea). One of the main strategies adopted by the point-of-use water treatment systems companies is new product developments. The requirements of the manufacturers to adhere to the standards set by governments for water treatment systems make it essential for the manufacturers to continually invest in research and development activities for innovative solutions. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand of point-of-use water treatment systems in key emerging markets. These strategies have aided companies to create a large customer and partner base in the key markets.
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