Top Companies in Point of Use Water Treatment Systems Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Point of Use Water Treatment Systems Market is projected to reach a value of USD 29.8 Billion by 2028 at a CAGR of 8.1% over the forecast period.
Market Overview
The Global Point of Use Water Treatment Systems Market is valued at USD 18.7 Billion in 2021 and is projected to reach a value of USD 29.8 Billion by 2028 at a CAGR of 8.1% over the forecast period. Over the projected period, it is expected that the global market for water purifier systems will rise rapidly, along with favorable government regulations guarantee clean, potable drinking water availability. Additionally, it is anticipated that various environmental initiatives run by governments and social workers will provide new market prospects for point-of-use water purification systems worldwide.
The market expansion for Point-Of-Use Water Treatment systems is influenced by factors such as the growing urban population, increasing water pollution, and raised health consciousness among younger people.
The market is anticipated to increase as health awareness rises in developing nations in the Asia Pacific and in developed regions like North America and Europe. Since there is such a great need for clean, safe drinking water, new, sustainable, and energy-efficient water treatment technologies are being developed practically every day. Some significant advancements that have been created include organic and biodegradable filtering methods, nanotechnology-based solutions, and UV and UF treatment combos. However, humanity is affected by the lack of access to clean drinking water, which has led to a global effort to create improved treatment methods that are more accessible to the general public, mainly in developing nations.
The Point of Use Water Treatment Systems market is dominated by globally established players such as Pentair PLC (US), Honeywell International (US), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), BEST Water Technology AG (Austria), Toray Industries (Japan), ALTICOR (US), 3M COMPANY (US), Tata Chemicals (India), KENT RO Systems (India), Whirlpool Corporation (US), Eureka Forbes (India), Culligan International (US), Instapure Brands (US), Helen of Troy Limited (US), GE Appliances (US), DuPont (US), A.O. Smith Corporation (US), Kinetico (UK), Ecowater Systems (US), and WestAqua Distribution OU among others. In addition, companies use cutting-edge technology to expand their product lines and develop new product categories.
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Let’s Look at the Top Companies That are Taking the Point of Use Water Treatment Systems Market by Storm
The leading market players invest significant effort and time into forming alliances and strategic relationships with support organizations.
Pentair PLC
Pentair PLC is a global water firm that offers a variety of intelligent, sustainable water solutions for applications in residential, commercial, industrial, infrastructural, and agricultural settings. The company's products enable individuals, organizations, and industries to get clean, safe water, consume less and recover and reuse it.
Honeywell International
Honeywell International Inc. is a global manufacturer and technology firm. The company offers products and services in the following areas: aerospace, control, sensing, and security technologies for commercial buildings, safety and productivity solutions, specialty chemicals, advanced materials, process technology for refining and petrochemicals, and energy-efficient goods and services.
Panasonic Corporation
Panasonic Holdings Corporation designs, develops, produces, and sells appliances. The company manufactures numerous products, including refrigerators, rice cookers, washing machines, and air conditioners. Additionally, Panasonic Holdings makes lighting, light ventilators, air purifiers, automotive electronics, communication gear, power supplies, and other things.
Unilever PLC
Unilever PLC produces cosmetics and personal care items. The business sells consumer goods, including food, detergents, fragrances, cosmetics, household goods, and personal care items. Unilever serves worldwide customers.
LG Electronics
LG Electronics Inc. produces and sells home appliances and digital display equipment. The company manufactures and sells flat-panel televisions, washing machines, audiovisual items, air conditioners, refrigerators, and telecommunications devices like tablets and smartphones.
BEST Water Technology AG
BWT AG creates and sells technologies for water treatment. The company manufactures fittings, sanitary fixtures, disinfection equipment, water softeners, dosing systems, and filters. Water supply and wastewater treatment plants are other services provided by BWT. The company's goods and services serve industrial, commercial, residential, and municipal users.
Toray Industries
Toray Industries Inc. produces a variety of fibre goods, such as filament yarns, staple fibres, spun yarns, and fabrics made of nylon, polyester, and acrylic. The business also produces chemical goods such as polyester films, technical plastics, res in materials, and carbon fibre composite materials. Additionally, Toray Industries operates in the fields of environmental and life sciences.
KENT RO Systems
KENT RO Systems is a manufacturer of water filtration technology. In addition to offering water softeners, air purifiers, vegetable cleansers, and other items, the company manufactures and distributes water purifiers using reverse osmosis technology. Customers of Kent R O Systems can be found everywhere.
Kinetico
Water treatment systems are produced and sold by Kinetico Incorporated. For home and commercial usage, the company provides water softeners, reverse osmosis filtration systems, neutralizers, saltless water systems, and other water filtration equipment. Kinetico serves worldwide customers.
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