The global residential water treatment
equipment market is segmented into product type such as point of use system and
point of entry system. Among these segments, point of use segment is expected
to occupy top position in the overall residential water treatment equipment
market during the forecast period. Increasing demand for high quality and clean
water for drinking and cooking is expected to intensify the growth of this
segment. Further, rising awareness about safe and reliable drinking water is
likely to intensify the growth of point of use residential water treatment
equipment market.
Global residential water
treatment equipment market is expected to flourish at a significant CAGR of 13%
during the forecast period. Increasing focus on health and wellness is
anticipated to garner the growth of the global residential water treatment
equipment market. Further, rising spending on research & development and
development of advanced technologies is believed to impel the growth of the residential
water treatment equipment market in the upcoming years. Apart
from this, decreasing reliance and trust on municipal water supplies is likely
to drive the adoption of residential water treatment equipment. Further, the
global residential water treatment equipment market is expected to garner noteworthy
revenue by the end of 2023.
Asia Pacific captured the
largest percentage of market share in overall residential water treatment
equipment market in 2016. Further, Asia Pacific is expected to continue its
dominance over the forecast period. Increasing concern among the population
about the quality of tap water is likely to drive the growth of the residential
water treatment equipment market in the region. North America is expected to showcase a substantial
growth over the forecast period i.e. 2017-2024. Further, presence of major
manufacturers is anticipated to strengthen the growth of the residential water
treatment equipment market in the region.
USD XX Million
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6%
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Deteriorating quality of water and
rising awareness about the quality of water is widening the demand for
residential water treatment equipment. Further, increasing disposable income of
the population is anticipated to boost the demand for residential water
treatment equipment across the globe.
Developments
in Residential Water Treatment Equipment
Advancement in technology and
development of new treatment technologies and water treatment equipment are
anticipated to facilitate the expansion of global residential water treatment
equipment market during the forecast period. Moreover, rapid urbanization and increasing
population in the world is anticipated to provide robust growth momentum to
residential water treatment equipment market in the upcoming years.
However, high cost of advanced residential
water treatment equipment system might dampen the growth of residential water
treatment equipment market during the forecast period.
The report titled “Residential
Water Treatment Equipment Market:
Global Demand Analysis & Opportunity Outlook 2023” delivers
detailed overview of the global residential water treatment equipment market in
terms of market segmentation by product type, by equipment and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global residential
water treatment equipment market which includes company profiling of The 3M
Company, Culligan, Pentair Residential Filtration, LLC., Honeywell
International Inc., BRITA GmbH, Whirlpool Corporation, BWT Best Water
Technology, GE Appliances, a Haier company, Ecowater Systems LLC, Kinetico Incorporated,
Amway (e-spring), Water-Right Inc., Canature Environmental Products Co., Ltd, Good
Water Company, Envirogard Products Ltd. The profiling enfolds key information
of the companies which encompasses business overview, products and services,
key financials and recent news and developments. On the whole, the report
depicts detailed overview of the global residential water treatment equipment market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/residential-water-treatment-equipment-market-global-demand-analysis-opportunity-outlook-2023/204
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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