chicago, March 16, 2022 /PRNewswire/ — According to a new market research report “Point of Use Water Treatment Systems Market By Device (Desktop, Faucet Mount, Countertop) Technology (RO, Ultrafiltration, Distillation, Disinfection, Filtration), Application (Residential and Non-Residential) and Region – Global Forecast to 2026″published by MarketsandMarkets™, the market size is expected to increase from $16.2 billion 2021 to $25.3 billion To 2026, from 2021 to 2026, the compound annual growth rate is 9.3%. The market is expected to grow with increasing demand for clean drinking water, increasing water pollution, growing population, increasing awareness of the benefits of water treatment, and technological innovations in the water treatment industry.
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Countertops are expected to lead the point-of-use water treatment systems market in 2020 in terms of value and volume
Based on equipment, countertop units are expected to be the largest segment of the point-of-use water treatment systems market. A table top unit is also known as a table top filter. These filters are located on the counter and connect directly to the faucet. They consist of a diverter that allows users to switch between unfiltered and filtered water. The countertop unit uses reverse osmosis and activated carbon technology. These filters reduce pollutants such as bacteria, dirt, chlorine, particulates, rust, lead, mercury, sediment, copper, benzene, cadmium and cysts. The main advantage of countertop units is that they do not require frequent filter changes. However, they require some plumbing. Unlike pitcher water filters, countertop units do not cool the water.
Residential is estimated to be the largest segment of the point-of-use water treatment systems market in 2020.
By application, the residential sector is expected to be the largest segment in the point-of-use water treatment systems market. Residential applications primarily include the use of point-of-use water treatment systems to produce potable water for domestic consumption. Residential water treatment applications are expected to witness high growth owing to the increasing demand for treated drinking water to remove unpleasant taste, odor and discoloration, suspended solids, biodegradable organics and pathogenic bacteria.
It is estimated that reverse osmosis will be the largest segment in the point-of-use water treatment systems market in 2020.
By technology, reverse osmosis is expected to be the largest segment in the point-of-use water treatment systems market. Reverse osmosis is the process of producing pure water through a semi-permeable membrane through which water is pumped at high pressure, separating inorganic minerals (such as radium, sulfate, calcium, magnesium, potassium, sodium, nitrate, fluoride, and phosphorus) , organic compounds (including pesticides) and other impurities in water. Typically, reverse osmosis systems are combined with mechanical and activated carbon filters. Sand and large particles are first removed by a mechanical filter, then after passing through the RO unit, the water is passed through an activated carbon filter to remove organic compounds. RO water purifiers can come in many types, such as wall-mounted or tabletop and under-sink or under-counter RO water purifiers.
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Asia Pacific is expected to account for the largest share of the point-of-use water treatment systems market during the forecast period.
Asia Pacific is expected to lead the point-of-use water treatment systems market for a long time. The growing populations of these countries constitute a large customer base. From 2021 to 2026, increased public and private sector investment, population growth, economic growth, and high disposable income in both value and volume support the growth of these industries. Population growth and rapid urbanization are among the key factors driving industry expansion in the region, over the forecast period.
Pentair PLC (UK), Honeywell International (US), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), Coway Co. Ltd. (South Korea), Best Water Technology AG (Austria), Toray Industries (Japan) and others are the key players operating in the point-of-use water treatment systems market. Mergers and acquisitions, investments and expansions, partnerships and collaborations, and new product development are some of the major strategies employed by these key players to enhance their position in the point-of-use water treatment systems market.
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