Global Residential Water Treatment Equipment market is majorly driven by Growing concern over potable water purity and growing environmental concerns, according to our research report "Global Residential Water Treatment Equipment Market Outlook 2023".
Regionally, the residential water treatment equipment market is segmented into North America, Europe, Asia-Pacific and Rest of World (ROW). Among these, Asia-Pacific is anticipated to witness a significant growth and occupy the largest share of the residential water treatment equipment market by 2023.
The global residential water treatment plant is anticipated to expand with a promising compound annual growth rate of 13% owing to increasing concern of the purity of portable water across the globe. Asia-Pacific is expected to dominate the market owing to the favorable government regulations to spread the awareness of water conservation and treatment to meet the growing demand of water supply in the region. North-America market is expected to expand with a higher momentum owing to the taste, odor and rising expectations on drinking water quality.
Growing Concern over Potable Water Purity: Impulsion
Increasing contamination in potable water due to pollution has forced the consumers towards the adoption of residential water treatment plants. Increasing population and urbanization of developing countries will further increase the demand of water supply for household utility. The government of these countries are concerned about the shortage of water supply and are focusing on creating awareness about residential water treatment plants this will result into strong growth of residential water treatment equipment market over the forecast period.
Growing Environmental Concerns: Momentum
Excessive wastage of ground water has raised the environmental concern across the globe. Research studies shows that only 8% of the total water usage is recycled for reuse resulting into the disturbance of ground water table. Inclination of consumer behavior towards the adoption of residential water treatment plant for the good quality of portable water will further propel the demand of residential water treatment equipment across the globe.
The report titled "Global Residential Water Treatment Equipment Market Outlook 2023" delivers detailed overview of the residential water treatment equipment in terms of market segmentation by regions, by types, by applications.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the residential water treatment equipment industry which includes company profiling of Amway, Best water technologies, Eureka Forbes, Ecowater etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the global residential water treatment equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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