"Smart" Tech Components Will Support Value Gains for Consumer Water Treatment Systems & Consumables Through 2021
CLEVELAND, Nov. 16, 2017 /PRNewswire/ -- Demand for consumer water treatment systems in the US is expected to increase 4.4% annually to $1.6 billion in 2021. The integration of advanced technologies such as smartphone apps that allow consumers to monitor their systems anywhere Wi-Fi is available will support value gains going forward, as will raised consumer awareness of water quality problems such as the lead crisis in Flint, Michigan. Growth will also be driven by a healthy housing market, specifically growth in new completions, existing home sales, and construction repair and improvement expenditures. For in-depth analysis of these and other trends, see Consumer Water Treatment Systems in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
See the following link for more information: https://www.freedoniagroup.com/industry-study/consumer-water-treatment-systems-by-technology-type-and-region-in-the-us-3567.htm
"Smart" indicators signal to users when to change water filters and replenish salt levels, fueling consumables sales. Replacement consumables are required for virtually all water treatment systems, so demand is constantly growing. But digital indicators informing users when consumables have reached capacity, such as smartphone alerts, are helping to ensure users replace consumables in a more consistent and timely manner. As a result, demand for consumables is expected to grow 3.4% per year to $2.4 billion in 2021.
Despite a slight slowdown in demand, water filters alone will retain 45% of overall consumer water treatment market in 2021. Water filters are expected to maintain the largest share of overall demand through the forecast period and will account for approximately three-quarters of consumables demand in 2021. Salt and membranes are expected to show slight accelerations in growth through 2021, but overall gains for consumables will be slower than the 2011-2016 period. Factors restraining growth include product innovation yielding consumables that cost more but last longer.
Related studies include:
- #3563 Global Water Disinfection Equipment Market (August 2017)
- #3537 Global Water Treatment Chemicals, 2nd Edition (June 2017)
- #3490 Global Filters Market Forecast (March 2017)
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Consumer Goods studies can be purchased at www.freedoniagroup.com, www.marketresearch.com, and www.profound.com.
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SOURCE The Freedonia Group
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