PUBLISHER: Grand View Research | PRODUCT CODE: 1433546
PUBLISHER: Grand View Research | PRODUCT CODE: 1433546
The global point of entry water treatment systems market size is anticipated to reach USD 13.42 billion by 2030 and is anticipated to expand at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rise in awareness regarding water contamination due to lead, bacteria, and chemical, micro-plastic contents is expected to fuel product demand. Other factors driving product demand include growing population, strong economic growth, rising number of household constructions, increasing disposable income, and high product awareness among consumers. The increasing levels of contamination have resulted in the rising product adoption, thereby boosting industry growth. The introduction of new technologies and incorporation of the IoT in the newly launched products are also likely to contribute to market growth. For instance, In March 2023, DuPont launched DuPont Multibore PRO and PES ultrafiltration membranes.
Customers who want to reduce the distress of modules required in water purification systems can use Multibore PRO, which acts as part of a multi-technology approach to water treatment applications in various sectors. Increasing collaboration activities among industry experts and market players are facilitating the introduction of innovative products. Manufacturers are also collaborating with governments of various countries to cater to specific needs based on the water quality and presence of pollutants in the water in the region. For instance, in July 2020, DuPont Water Solutions and Kenya Integrated Water, Sanitation and Hygiene (KIWASH) formed a cooperative project in Kenya to commission the installation of a water filtration system, which will purify drinking water by removing fluoride ions.