Point-of-use water treatment systems are defined as devices that are installed on either single tap or multiple taps to provide high-quality water that is free from contamination including chlorine, iron, sulfur, and dissolved solids. These systems are majorly used in residential and non-residential applications. MarketsandMarkets expects the point-of-use water treatment systems market size is projected to grow from USD 16.2 billion in 2021 to USD 25.3 billion by 2026, at a CAGR of 9.3% from 2021 to 2026.
The countertop units segment is projected to grow at the highest CAGR during the forecast period. The dominance of these water treatment systems is attributed to numerous advantages, such as convenience to use, easy installation, and easy maintenance. Moreover, these devices also help reduce contaminants, such as bacteria, dirt, chlorine, particulates, rust, lead, mercury, sediment, copper, benzene, cadmium, and cysts.
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The reverse osmosis segment accounted for the largest share in the point-of-use water treatment systems market, in terms of value. This is attributed to various benefits offered by reverse osmosis systems including, including improvement in the taste, odor, and color of water, simple maintenance, and removal of contamination (such as lead, chlorine &chloramine, nitrates, pesticides, sulfates, fluoride, bacteria, pharmaceuticals, and arsenic). Moreover, these systems are expensive as compared to other technologies. Hence the revenue generated by these systems is higher as compared to other technologies.
In terms of geographic coverage, the point-of-use water treatment systems market has been segmented into five regions, namely, North America, the Asia Pacific, Europe, the Middle East,and Africa, and South America. The Asia Pacific accounted for the largest share in 2019 and is also projected to record the highest growth rate during the forecast period.Rapid urbanization, growing population, scarcity of clean water,and increasing disposable incomes in emerging economies such as China and India are projected to drive the growth of the point-of-use water treatment systems market in this region. India is projected to register the highest growth due to the contamination of groundwater tables & surface water bodies and rising health consciousness among consumers in India.
The scarcity of clean water in developing and under-developed countries is creating opportunities to install various types of point-of-use water treatment systems for residential and non-residential applications. The rise in demand for residential point-of-use water treatment systems in developing regions is driven by the rising awareness about diseases from contaminated water and understanding about various water treatment technologies. Moreover, there are few replacement choices for the point-of-use water treatment systems in rural parts of developing and underdeveloped countries. This acts as an opportunity for point-of-use water treatment systems manufacturers and suppliers.
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The point-of-use water treatment systems market is dominated by major players such as Honeywell International (US), Pentair (UK), Panasonic Corporation (Japan), Unilever (UK), LG Electronics (South Korea), Coway (South Korea), BWT (Austria), Toray Industries (Japan), Alticor (US), and BRITA Group (Germany and US) and others.
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