Market Analysis
The global water treatment system market is projected to touch USD 28, 072.6 million at 8.50% CAGR over the assessment period (2018-2023). Water treatment system is a process that enhances the water quality for making it more acceptable and safer for specific end-uses. These end-uses can include water recreation, river flow maintenance, irrigation, industrial water supply, drinking or various other uses. Technologies namely reverse osmosis, UV technology and activated carbon are helping these systems to function effectively.
There are abundant factors that is propelling the growth of the water treatment system market. These factors as stated by the Market Research Future (MRFR) report include increasing water pollution levels, growing urban population, rising health awareness, and strict regulations laid down by the government for curbing water contamination. The additional factors that is boosting the market growth include increasing awareness of water-borne diseases, increasing per-capita disposable income especially in emerging economies and numerous campaigns organized by the World Health Organization (WHO) to create awareness amid people regarding waterborne diseases and health and safety. On the contrary, high price of water treatment systems, high price of maintenance and equipment and demand for packaged drinking water due to its portability and easy handling are factors that may impede the water treatment system market growth over the assessment period.
Market Segmentation
MRFR report provides an extensive segmental analysis of the water treatment system market on the basis of device, technology and end-use.
Based on device, it is segmented into faucet-mounted filters, counter-top units and others. Of these, counter-top units will have the largest share in the market over the assessment period due to its capacity of alkalinizing drinking water, making it better and safer for health.
Based on technology, the water treatment system market is segmented into reverse osmosis, distillation, filtration and others. Filtration is again segmented into bio sand filter, mechanical filters and activated carbon filters. Of these, reverse osmosis will dominate the market over the assessment period owing to its efficient capability of pathogen-elimination and cost-effectiveness.
Based on end-use, it is segmented into non-residential and residential. Of these, the residential segment will lead the market over the assessment period owing to rapid urbanization and growing population around the world.
Regional Analysis
By region, the water treatment system market covers growth opportunities and latest trends across Middle East and Africa, North America, South America, Asia Pacific and Europe. Of these, the APAC region will hold supremacy in the market over the assessment period. Japan, China and India are the key contributors here. China had the largest share in the market owing to the presence of emerging local players and growing economy. Also, burgeoning demand for purified water especially from application industries, technological innovations and also rapid increase in urban population in Japan, China and India are also propelling market growth. The water treatment system market in Europe will have the second major share in the market. Germany is a key contributor here owing to higher economic performance and growing population. The factors that are prognosticated to drive the growth of the market in the UK include initiatives for preventing waterborne diseases, high living standards and increasing preference for purified water. The water treatment system market in North America will have a key contribution over the assessment period owing to growing population, scarcity of clean water, increased need for household products, presence of numerous key players, growing consumption of water for household and commercial purposes and increasing awareness about waterborne diseases.
Key Players
Leading players profiled in the water treatment system market include Whirlpool Corporation (US), Global Water Solutions Ltd. (Jersey), Tata Chemicals Ltd. (India), BWT Aktiengesellschaft (Austria), Eureka Forbes (India), COWAY CO., Ltd (South Korea), Culligan (US), Hindustan Unilever Limited (UK), Honeywell International Inc. (US), LG Electronics (South Korea), Panasonic Corporation (Japan), and Pentair Plc. (UK).
April 2019- With an aim for offering accessibility of clean drinking water to a community, three engineering students of University of Rhode Island created a portable water treatment system for La Romana’s rural city in the Dominican Republic. The project is termed “H2gO: A Portable Water Treatment System”.
