San Francisco, 20 Dec 2018 - “Water Treatment Systems Market Size, Share & Trends Analysis Report By Technology (RO, Distillation, Disinfection, Filtration), By Application, By Installation (POU, POE), And Segment Forecasts, 2018 – 2025” - According to a report published by Grand View Research, Inc.; the global water treatment systems market is projected to reach around USD 44.01 billion by 2025. Rising levels of water pollution and government initiatives to reduce water contamination will drive the market. Rising consumer health awareness and demand for potable water are also expected to fuel the demand during the forecast period (2018 to 2025).
High awareness regarding the importance of clean water coupled with rising investments in efficient water purification and treatment facilities are anticipated to drive the market in near future. Additionally, easy availability of water treatment units and reduced manufacturing costs can positively impact market expansion. Growing level of pollution in rivers and lakes due to industrialization is also expected to boost the demand. Water treatment is essential to avoid prevalence of cholera, giardiasis, and other waterborne diseases. This factor is projected to propel the demand for these systems in the forthcoming years.
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The worldwide water treatment systems market can be segmented on the basis of installation, technology, application, and region. Based on installation, the market can be classified into Point of Use (PoU) and Point of Entry (PoE). The PoU segment is anticipated to exhibit a volume-based CAGR of 16.7% during the forecast period attributed to convenient installation and affordable prices. High adoption of faucet mounted filter in emerging countries such as South Africa and India is anticipated to bode well for market growth. The POE segment was estimated to be worth 8.3 million units in 2016. High demand from North America and Europe owing to high aesthetic value of these installations is projected to drive the demand.
As per technology, the market can be categorized into filtration, disinfection, and reverse osmosis systems. In 2016, distillation systems was valued at USD 3.98 billion and is anticipated to display strong growth during the forecast period. The disinfection methods segment was estimated to be worth USD 3.60 billion in 2016. These methods utilize ultraviolet light, ozone, chloramines, chlorination, and chlorine dioxide. The filtration method segment held around 17.7% of overall market share owing to lower manufacturing costs.
Based on application, the market for water treatment systems can be bifurcated into residential and non-residential The non-residential segment is projected to rise at the fastest CAGR of 7.6% during the forecast period. The segment comprises commercial establishments, educational institutions, industrial units, and healthcare and recreational facilities. . The residential segment is likely to expand at a CAGR of 5.8% during the forecast period in terms of revenue. Growth in residential construction across the world is anticipated to propel this expansion.
Geographically, the market can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. Asia Pacific is anticipated to dominate over the projected period owing to economic growth of China driven by massive rise in investments in technology and research. Significant changes in water supply and hygiene scenario owing to challenges such as water pollution, contamination, and scarcity are anticipated to further boost the demand. In 2016, India was one the leading markets for water treatment systems owing to large-scale water contamination and population explosion. The India market is expected to reach USD 3.64 billion over the forecast period.
In terms of revenue, Europe was reported as second largest market and occupied more than 26.0% in 2016. This growth can be credited to high requirement for efficient systems in residential as well as non-residential applications. In 2016, the U.K. estimated for 32.3 million units in terms of volume. The U.S. market is poised to rise at a CAGR of 3.3% during the forecast period in terms of revenue. This can be ascribed to supportive regulatory policies. In addition, economic benefits provided by vendors and distributors are anticipated to improve the business by 2015.
Key companies operating in the water treatment systems market include Watts Water Technologies Inc.; Honeywell Corporation; Aquasana, Inc.; Koninklijke Philips N.V.; and Dow Chemical Company.
Grand View Research has segmented the global water treatment systems market on the basis of installation, technology, application, and region:
Water Treatment Systems InstallationOutlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
- Point of Use
- Point of Entry
Water Treatment Systems Technology Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
- Reverse Osmosis systems
- Distillation systems
- Disinfection methods
- Filtration methods
Water Treatment Systems ApplicationOutlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
- Residential
- Non-residential
Water Treatment Systems Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- Russia
- U.K.
- Spain
- Italy
- Asia Pacific
- China
- Japan
- South Korea
- Australia
- India
- Central & South America
- Brazil
- Middle East and Africa
- UAE
- Saudi Arabia
Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-water-treatment-systems-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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