Menu ×

CHEMICALS AND ADVANCED MATERIALS

Residential Water Treatment Equipment Market : Global Demand Analysis & Opportunity Outlook 2023

  • Report ID: 204
  • Text Size:

Extensive insights into the Growth of Residential Water Treatment Equipment Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Global Residential Water Treatment Equipment Market Overview

Residential water treatment refers to the treatment of used water to make it suitable for reuse. The process removes the contamination of water and makes it suitable for end use. The urgent need of residential water treatment is raised due to the increasing industrial and environmental pollution around the globe. Due to excessive wastage of water most of the nations across the globe are facing water scarcity. Due to the contaminated drinking water supplied by the municipal corporations the consumers are moving towards the adoption of residential water treatment plant. Contaminated water can be treated by physical, chemical, or biological process, contamination of water causes severe illness such as diarrhoea, liver damage etc.

                    Residential Water Treatment Equipment Market Demand And Revenue Opportunity

Market Size & Forecast

The global residential water treatment equipment market is anticipated to expand with a compound annual growth rate of 13% over the period of forecast owing to the increasing adoption of residential water treatment plants across the globe.

Asia-Pacific region is anticipated to project a robust growth over the period of forecast witnessing a compound annual growth rate of 16%. The region is severely affected by the shortage of water supply, rapid growth in economy of countries such as India and China and increasing personal disposable income of the consumers will shift the market towards the adoption of residential water treatment plant and this further propel the growth of residential water treatment equipment market over the forecast period. Further, governments in Asia Pacific countries are focusing on creating awareness about the adoption of water treatment systems to meet the increased demand of power supply in the region.North-America market is expected to expand with a higher momentum owing to the taste, odour and rising expectations on drinking water quality. U.S is anticipated to provide major boost to the market. The Safe Drinking Water Act (SDWA) was established in 1974 to protect the quality of drinking water in the U.S. SDWA regulates the design, management, and operation of POE and POU equipments used in compliance with maximum containment level. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Poor water quality, and increasing demand of water supply due to increase in the population are some factors that will attract the consumer towards the adoption of residential water treatment plant across the globe.

Market Segmentation

By Product Type

By product, residential water equipment market is segmented into following categories:-

  • Point-of-use
  • Point-of-entry

By Equipments

On the basis of equipments used in residential water treatment, the market can be segmented into following categories:-

  • Membrane equipment
  • Filtration equipment
  • Disinfection equipments
  • Thermal distillation equipments
  • Evaporators

By Region

Global Residential Water Treatment Equipment Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity AnalysisGrowth Drivers and Challenges

Growing concern over potable water purity and increasing awareness on the benefits of water treatment are driving the residential water treatment equipment market.

Low consumer confidence in municipal water treatment systems and increasing environmental concerns among the consumers are expected to be the key factor behind the rapid adoption of residential water treatment plant and this will further increase the demand of residential water treatment equipment over the period of forecast.

Various new technology are emerging in water treatment industry such as desalination and nanotechnology, until such technologies can be implemented to large scale adoption of these technology in small units or residential water treatment will boost the growth of global residential water treatment equipment across the globe.

Use of mineral water bottle is likely to restrain the growth of residential water treatment equipment market over the period of forecast.

Top Featured Companies Dominating the Market

  • Honeywell International Inc.
  • Kinetico Incorporated
  • Water Techniques
  • U.S. Pure Water Corporation
  • Aqua-Win Water Corporation
  • McLeod’s EcoWater
  • The 3M Company
  • Aquasana Inc.
  • Austin Springs
  • Watts Water Technologies

 


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved