MarkNtel Advisors recently published a detailed industry analysis of the Global Residential Water Treatment Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Residential Water Treatment Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Residential Water Treatment Market is projected to grow at a CAGR of around 5.26% during the forecast period, i.e., 2023-28.
Key Findings in Global Residential Water Treatment Market:
- Historical Analysis: 2018–2021
- Base Year: 2022
- Forecast Period: 2023–2028
Leading Market Players- A.O Smith Corporation, Unilever, Kent Supreme, Eureka Forbes, Panasonic, Whirlpool, Aqua Care,, 3M Waterwise Inc, Aquasana, GE Appliances, BWT, Pentair, Others
What are the major Driver the Global Residential Water Treatment Market?
Fight Against Waterborne Diseases to Boost the Demand for Residential Water Treatment Market – The rising consumer concern about health & safe drinking water is driving the Residential Water Treatment market during the historical period. Contaminated water & the resultant waterborne diseases are becoming a huge concern for the global population. Hence, to remove harmful chemicals, gases, suspended solids, and biological pollutants from drinking water, the demand for water treatment devices has been increasing around the globe.
Furthermore, freshwater resources such as lakes, reservoirs, and rivers provide more than 60 percent of the drinking water. Gallons of treated water gets wasted & polluted by various microbes & algae. These contaminants are raising the level of water contamination worldwide, resulting in an increased level of waterborne diseases, which would further escalate the demand for residential water treatment systems in the upcoming years.
Moreover, the rise in air & water temperature due to climate change is contributing to the risk of waterborne diseases such as cholera & typhoid. Thus, a spike in the number of waterborne diseases is projected to enhance the demand for the Residential Water Treatment market in the upcoming years.
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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What segments define the Global Residential Water Treatment Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By System
- Pitchers
- Tabletop
- Faucet-Mounted
- Countertop
- Under the Sink
- Whole House Filter
According to report, Here, the Countertop Filter System registered positive growth in the Global Residential Water Treatment market during the historical period.
By Technology
- Reverse Osmosis
- Ultraviolet
- Mechanical Filters/Carbon Filters
- ION Exchange
According to report, Among them, Reverse Osmosis (RO) dominated the Global Residential Water Treatment market in historical years due to the high efficiency of this technology, which removes around 99% of pollutants from the water.
By End User
- Residential Apartments
- Individual Landed Houses
According to report, Of them, Residential Apartments have experienced considerable growth in the Global Residential Water Treatment market during the historical period.
By Application Point
- Point of Use
- Point of Entry
Explore the Complete Global Residential Water Treatment Market Analysis Report – https://www.marknteladvisors.com/research-library/residential-water-treatment-market.html
Geographical Analysis: Global Residential Water Treatment Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Residential Water Treatment Market Recent Development:
- 2022: A. O. Smith acquired Atlantic Filter Corporation, a Florida-based water treatment solutions provider. It aimed at expanding the company’s capabilities in Florida and as part of its strategy to deliver innovative, differentiated solutions that heat and treat water.
- 2020: Pentair launched FreshPoint Easy Flow Under Counter Filtration System, which doesn’t require a separate faucet and provides water straight from the existing tap. This was done by the company to improve its consumer experience globally.
- 2019: Pentair, a leading water treatment company in the UK, acquired Pelican Water Systems, a residential water treatment system provider. The acquisition aimed at strengthening Pentair’s business as it opened new growth opportunities for both its innovative products & its multi-channel approach.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Residential Water Treatment Market?
- How is the Residential Water Treatment Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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