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The global point of use water treatment systems market size was USD 14000 million in 2022 and is expected to reach USD 72236.92 million in 2032, and register a revenue CAGR of 20% during the forecast period. The prevalence of waterborne infections brought on by contaminated water sources and growing concerns about the safety of drinking water are two major factors driving the market revenue growth. Water supplies are becoming more polluted as a result of the expanding global population, quick urbanization, and industrialization, necessitating the deployment of effective point-of-use water treatment technologies.
In addition, the market revenue growth is driven by the increasing demand for point-of-use water treatment systems in developing economies due to the lack of access to clean drinking water. The rise in disposable income and growing awareness about water pollution and its harmful effects on health have resulted in a surge in demand for point-of-use water treatment systems in these regions. Manufacturers are also focusing on producing affordable and easy-to-use systems that cater to the specific needs of consumers in these regions.
Moreover, the growing trend of eco-friendly products and sustainable development practices is driving the demand for point-of-use water treatment systems with minimal environmental impact. These systems are designed to minimize water wastage, reduce the use of chemicals, and lower energy consumption, making them more sustainable and environmentally friendly.
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Market Segments: -
The report covers various aspects of the market, including revenue forecast, company ranking, competitive landscape, growth factors, and trends. The segments covered include product type outlook, end-use outlook, and regional outlook. The product type outlook is segmented into reverse osmosis systems, ultrafiltration systems, distillation systems, disinfection methods, and others. The end-use outlook is segmented into residential, industrial, and commercial.
The regional scope of the report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market trends in each of these regions are analyzed, and the report provides insights into the key growth factors and trends driving the market in each region.
In conclusion, this report provides valuable insights into the global point of use water treatment systems market. With its comprehensive analysis of market trends and growth factors, as well as its revenue forecasts and segmentation, the report is an essential resource for companies and investors looking to understand and capitalize on the opportunities within the market.
Strategic developments in the market:
· In 2022, Pentair plc acquired Aquion, a leading manufacturer of point-of-use and point-of-entry water treatment systems, to expand its water treatment offerings and strengthen its market position.
· In 2021, Watts Water Technologies, Inc. acquired AERCO International, Inc., a leading manufacturer of high-efficiency water heaters and boilers, to enhance its commercial water treatment solutions and broaden its customer base.
· In 2020, Culligan International Company launched a new range of point-of-use drinking water systems designed for residential and commercial use. The systems use advanced filtration and reverse osmosis technology to remove impurities and provide clean, refreshing water.
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Competitive Landscape:
The global point of use water treatment systems market is highly competitive, with several large and medium-sized players vying for market share. Some of the major players in the market include Ecolab Inc., Kinetico Incorporated, 3M Company, General Electric Company, Pentair plc, Danaher Corporation, Helen of Troy Limited, Culligan International Company, A.O. Smith Corporation, Waterlogic Holdings Limited, and Ecowater Systems LLC.
These companies are focusing on various strategies such as mergers and acquisitions, strategic agreements and contracts, and developing more efficient products to strengthen their market position. For instance, in 2020, Pentair plc launched a new point-of-use water filtration system, which features a 5-stage reverse osmosis filtration process, to provide clean and safe drinking water.
Furthermore, companies are also investing in research and development to introduce innovative products and technologies in the market. In 2021, Ecolab Inc. introduced a new point-of-use water treatment system, which features advanced ultraviolet disinfection technology to provide clean and safe water.
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