PUBLISHER: The Business Research Company | PRODUCT CODE: 1392834
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392834
“Point Of Entry Water Treatment Systems Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on point of entry water treatment systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for point of entry water treatment systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The point of entry water treatment systems market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A point-of-entry water treatment system is a device or system installed at the main supply line to enhance the taste, smell, and appearance of water by eliminating undesirable chemicals and minerals. These systems find application in both commercial and residential buildings.
The primary types of devices in point-of-entry water treatment systems include faucet-mounted filters, table-top pitchers, countertop units, under-the-sink filters, and others. Faucet-mounted filters are specifically designed to remove contaminants such as heavy metals, lead, and bacteria from tap water. Apart from enhancing the quality of water, they contribute to environmental preservation by reducing plastic usage, promoting a healthier lifestyle. In the point-of-entry water treatment systems market, faucet-mounted filters refer to devices mounted on taps to remove impurities by passing water through a filter media. Various technologies, including reverse osmosis systems, distillation systems, disinfection methods, ultrafiltration systems, and water softeners, are employed in residential and commercial applications.
The point of entry water treatment systems market research report is one of a series of new reports from The Business Research Company that provides a point of entry water treatment systems market statistics, including point of entry water treatment systems industry global market size, regional shares, competitors with the point of entry water treatment systems market share, detailed point of entry water treatment systems market segments, market trends, and opportunities, and any further data you may need to thrive in the point of entry water treatment systems industry. This point of entry water treatment systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The point of entry water treatment systems market size has grown strongly in recent years. It will grow from $9. 08 billion in 2023 to $9. 79 billion in 2024 at a compound annual growth rate (CAGR) of 7. 8%. The growth observed in the historical period can be attributed to several factors, including concerns about water quality, adherence to regulatory standards, the effects of industrialization and urbanization, and an increased awareness of health-related issues.
The point of entry water treatment systems market size is expected to see strong growth in the next few years. It will grow to $13. 37 billion in 2028 at a compound annual growth rate (CAGR) of 8. 1%. The anticipated growth in the forecast period can be attributed to factors such as population growth, the impacts of climate change, a rise in water contaminants, and government initiatives addressing water-related challenges. Key trends expected during this period include the adoption of smart water treatment solutions, the implementation of modular and scalable systems, customization for addressing specific contaminants, the integration of point-of-use solutions, and an increase in collaborations and partnerships within the industry.
The anticipated rise in treated water consumption is set to drive the growth of the point of entry water treatment systems market. Treated water, which undergoes processes to enhance its quality for specific end-uses like drinking, irrigation, and industrial purposes, provides several advantages such as pathogen removal, improved taste and smell, elimination of toxic metals, and reduced reliance on plastic bottles. The consumption of treated water is on the upswing, evident in the fact that Americans consumed 15. 7 billion gallons of bottled water in 2021, representing a 4. 7% increase from the previous year, as reported by the International Bottled Water Association. This surge underscores the demand for point-of-entry water treatment systems, emphasizing the increasing preference for treated water due to its numerous benefits.
The growth of infrastructure and rapid urbanization is poised to fuel the expansion of the point-of-entry water treatment systems market. This expansion is driven by the development of infrastructure to support the growing population in urban areas. Urbanization, the concentration of people in cities, leads to increased demand for freshwater resources and necessitates the implementation of sustainable urban drainage systems. As reported by the World Bank, 56% of the global population, or approximately 4. 4 billion people, presently reside in cities, and this is expected to increase to 7 out of 10 people by 2050. The urbanization trend contributes to the need for effective point-of-entry water treatment systems to address water pollution and support the development of sustainable urban environments.
Technological advancements are a prominent trend gaining traction in the point of entry water treatment systems market. Key industry players are actively incorporating new technologies and innovations in water filtration systems to enhance their market standing. Unilever plc, a UK-based consumer goods company, exemplifies this trend with the introduction of Pureit, a water purification system featuring reverse osmosis technology, providing filtered water for up to 7,000 Liters before a filter change is required. This system utilizes anti-scaling agents, reverse osmosis, and carbon filters to deliver cleaner and fresher water. Technological innovations such as these contribute to the market's dynamism by offering advanced water purification solutions.
Major companies in the point-of-entry water treatment systems market are focusing on product innovation to gain a competitive advantage. Innovative products are characterized by their advanced, efficient, and environmentally friendly features that enhance water quality upon entry into residential or commercial properties. Aquasana, a US-based designer and producer of water treatment products, introduced the SmartFlow Reverse Osmosis water filtration system. This innovative system utilizes patented SmartFlow technology, alongside high-performance Claryum and RO filtration technologies, to remove up to 99. 99% of 90 contaminants. The SmartFlow technology combines reverse osmosis and a remineralizer, replenishing beneficial minerals lost during the RO process, resulting in healthier and more palatable water.
In July 2021, A. O. Smith Corporation, a US-based water technology company, strategically acquired Master Water Conditioning Corporation, a move aimed at reinforcing A. O. Smith Corporation's product portfolio by providing innovative and differentiated water treatment solutions. Master Water Conditioning Corporation, based in the US, specializes in manufacturing residential and commercial water treatment systems. This strategic acquisition aligns with the broader industry trend of companies seeking to enhance their offerings and market presence through strategic partnerships and expansions.
Major companies operating in the in the point of entry water treatment systems market report are 3M Company, Honeywell International Inc., General Electric Company, Best Water Technology AG, Calgon Carbon Corporation, Pentair plc, Dow Inc., Danaher Corporation, Watts Water Technologies Inc., Culligan International Company, Acuva Technologies Inc., Canature Environmental Products Co. Ltd., DuPont Inc., Aquasana Inc., EcoWater Systems LLC, Kinetico Incorporated, RainSoft Water Conditioning Company, Water-Right Inc., WaterBoss Inc., Aquion Inc., Aquatech International Corporation, Bluewater Group AB, Enpress LLC, Evoqua Water Technologies LLC, Hellenbrand Inc., Hydranautics, Kemira Oyj, Kurita Water Industries Ltd., Marlo Incorporated, Enviro Water Solutions Inc.
North America was the largest region in the point of entry water treatment systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the point of entry water treatment systems market share during the forecast period. The regions covered in the point of entry water treatment systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the point of entry water treatment systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The point of entry water treatment systems market consists of sales of mechanical filters, absorption filters, sequestration filters, ion exchange filters, and reverse osmosis filters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.