Market Research Future published a Half Cooked Research Report on “Global Water Treatment System (Point of Use) Market Research Report – Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
3M Company (U.S.), Honeywell International Inc. (U.S.), Koninklijke Philips NV (The Netherlands), Pentair plc (U.K.), Panasonic Corporation (Japan), Unilever PLC (U.K.), and LG Electronics Inc. (South Korea), General Electric Company(U.S.),Watts Water Technologies, Inc.(U.S.) and Danaher Corporation(U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Water Treatment System (Point of Use) market.
Global Water Treatment System (Point of Use) Market – Overview
Recent systematic reviews of water, sanitation, and hygiene interventions suggest that the beneficial effects of improving household drinking water quality at the point of use (POU) to reduce diarrheal disease risks had been previously underestimated. This systems are used to control a wide variety of contaminants in drinking water and often use the same technology concepts employed in centralized treatment but at a much smaller scale. This technology is applied to reduce levels of organic contaminants, control turbidity, fluoride, iron, radium, chlorine, arsenic, nitrate, ammonia, microorganisms (including cysts) and many other contaminants. Aesthetic factors, such as taste, odor, or color, can be improved with Point of use treatment.
The increasing demand for clean drinking water and increasing awareness about the benefits of water treatment are some of the major factors for growth of the market of point-of-use water treatment systems. Favourable government initiatives is likely to encourage growth of the point of use water treatment systems and encourage wider adoption of water treatment systems to avoid an epidemic of water borne diseases. Moreover, the scarcity of clean water in developing countries and depleting freshwater resources create varied opportunities for market growth.
Global Water Treatment System (Point of Use) market is growing with the rapid pace; mainly due to advancement in technologies. According to a recent study report published by the Market Research Future, The global market of Water Treatment System (Point of Use) is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
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Water Treatment System (Point of Use) Market – Competitive Analysis
Water Treatment System (Point of Use) market appears to be competitive with the presence of several large and small players operating in the Water Treatment System (Point of Use) Market. These Key players compete based upon pricing, quality, Technology and reputation. Water Treatment System (Point of Use) market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Water Treatment System (Point of Use) market strive to respond to the growing demand for Water Treatment System (Point of Use) from the established technology coupled with economical costs of units. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.
Industry/ Innovation/ Related News:
In 2017, GE Company launched a new product PROflex for wide range of application such as general industrial, power, drinking water, food & beverage, pharmaceuticals and others. The reverse osmosis was developed to provide cost-effective and easy-to-configure system.
In 2017, Veolia Water Technologies have been given a contract to build an iron removal water treatment plant for providing facility to Senegal’s water utility. This would increase the supply of drinking water to Dakar and its suburbs area.
In 2013, CH2M Hill team chose the Trident HS package treatment system that was offered by WesTech Engineering, Inc. so as to minimize the waste in water.
Water Treatment System (Point of Use) Market – Segments:
Global Water Treatment System (Point of Use) Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Technology: Distillation, Reverse Osmosis System, and Others
Segmentation by Device: Counter-top Units, Faucet-Mounted Filters and Others
Segmentation by Application: Residential, Non-Residential
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Water Treatment System (Point of Use) Market – Regional Analysis
Asia-Pacific accounted for the highest share in the global Water Treatment System (Point of Use) market, with increasing water treatment system practices from European and Asian regions. Urbanization is growing rapidly in the Asia Pacific and emerging regions due to economic development. This has been fuelling the demand for water treatment systems among the residential customers. The residential customers normally prefer to operate the systems on their own once the provider installs it.
The increasing focus from government authorities towards clean water management and the rising awareness for water filters and RO systems across middle income populations are driving the market growth among developing regions.
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