Global Point-of-Use Water Treatment System Market: Broad Market Picture and Segments —
According to a statistical study made by the World Health Organization, 844 million people, nearly one-seventh of the world population are deprived of clean drinking water facility, globally. Water contaminated by harmful substances including agricultural wastes, human and animal wastes, radioactive matters, and oil spill is the root cause for the severity of terrestrial as well as aquatic ecosystem. This brings into the picture, the water treatment facility for purification of water. Point-of-use (POU) water treatment system is a new-age revolutionary technique which offers complete blockage against varied types of water impurity. Industries account for the largest amount of toxic waste producer into the water bodies polluting them with hazardous materials such as cyanide, strong acids, lead, and other heavy metals. Resultantly, the global POU water treatment system market witnessed constant growth attributed to the increased industrial growth across the world. According to IndustryARC’s report analysis, the market size of the global POU water treatment system stood at $15,000 million in the year 2018. The demand for POU water treatment system is growing at a compound annual growth rate of 8.52% for the forecast period of 2019-2025. This report covers POU water treatment system Market Size by technology and applications, POU water treatment system market share by top 5 companies and also the market share by start-ups during the forecast period.
POU water treatment market can be bifurcated into various segments such as technology, applicable standards, design, and end-users. On the basis of technology, this market can further be separated into filtration methods, reverse osmosis systems, and distillation systems. Based on applicable standards, the POU water treatment system market can be categorized as NSF International, American National Standards Institute, US Environmental Protection Agency, Japan Water Purifier Association, and many more. By design, this market is segmented into a personal water bottle with filter, pour through filter with pitcher, faucet mounted filter with diverter, and so on. The POU water treatment system market can be bifurcated on the basis of end-users into two categories including the residential and non-residential.
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Global Point-of-Use Water Treatment System Market: Demand and Growth
Water is one of the essential factors of life and living. 70% of the earth’s surface is water, whereas fresh water is only limited to 2.5% of the total water available. With an increasing threat of water scarcity, there is a continuous hike in water contamination. Non-residential sectors such as schools, organizations, companies and industries install water utilities to provide water for the mass. With this scenario, it is all the more necessary to install POU water treatment facilities in their main-line water system. Emerging point-of-use water treatment technologies include granular-activated carbon filters (GAC), microporous ceramic filters, reverse osmosis, UV systems, and many others. Established as effective methods for water treatment, these POU technologies purify water and acts as a barrier against harmful organic compounds, oils, heavy metals, chemicals and the UV light technology kills the bacteria and viruses, thereby providing clean water for drinking. The demand of POU water treatment system from non-residential end-users is forecast to grow at a CAGR of 8% during the period of 2019-20125.
According to United Nations Fund for Population Activities, the APAC region shares the largest growing population of approximately 4.6bn people- 60% of the world’s entire population. This results in a growing need for water, ultimately pitching the demand for POU water treatment system in this region. Leading the POU water treatment system market, APAC region held a market share of 40% in the year 2018. According to the IndustryARC’s report, the largest markets in APAC region includes countries such as China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong.
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Global Point-of-Use Water Treatment System Market: Recent Trends
Water Treatment for Diarrhea Germs
Every year 1.7bn children get affected by diarrhea, globally and is the leading cause of mortality rate for minors under the age of 5 years. Government induces the set-up of purified water utilities in educational buildings as well as public areas. POU water treatment systems with modern technologies such as UV, GAC, and faucet-mounted technologies provides safe water consumption by children.
Incremented Industrial Growth and Urbanization
Industrial expansion and urbanization increase pressure on freshwater sources. With exceeding water scarcity, industries and urban areas outpour the wastes into these water sources, contaminating them. Purifying the water for drinking and other usage is essential, to which simple filtration does not offer a permanent solution. Increasing unavailability of water in many regions instigates the demand for less expensive and advanced POU water treatment technologies.
Purified Water Utilities in Health Organization
Health organizations maintain the safety and cleanliness of every particulars to avoid infectious contamination. Water constitutes the daily requirement of every patient. Installing POU filters enhance the quality of treatment and medication in hospitals. Resultantly, this fuels the demand for global POU water treatment system market.
Global Point-of-Use Water Treatment System Market: Leading Companies
The leading companies to enter into the broad spectrum of global POU water treatment system market include Honeywell International, Pentair, Panasonic Corporation, Unilever, LG Electronics, Coway, BWT, Toray Industries, Brita, Alticor, 3m Company, Suez, Evoqua, and others.
A. Water Treatment Systems Market
B. Water Treatment Chemicals Market
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