The global water treatment systems market is expected to reach around USD 5.9 billion in the year 2020 and is expected to account to a value of USD 211.3 billion by 2025, with 6.5% CAGR from 2020.
Some of the key driver factoring to this growth in this market are increasing global demand for clean water, stringent regulatory rules and issues, raising concerns towards environment. The growth of this market is also helped by rapid urbanization and population growth, growing demand for new water supplies, increasing emphasis on water quality and public health, increasing the prevalence of waterborne diseases, increasing industrial demand, and strict government regulations on waste water treatment.
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1. Based on Technology: The Filtration segment of the global water treatment system is estimated to be fastest-growing for the forecasted period.
As per the Technology, the market for water treatment systems is segmented into following: -
a. Water softeners
b. Reverse osmosis systems
c. Distillation systems
d. Disinfection methods
e. Filtration methods
f. Others (adsorption and electrolysis)
2. Based on Application: The Industrial segment of the global water treatment system is estimated to be fastest-growing for the forecasted period.
The demand for water treatment system market as per application, is segmented into-
a. Residential
b. Non-residential
c. Commercial
d. Industrial
e. Healthcare
f. Educational Institutes
g. Others (stadiums, railway stations, and airports)
Driver
The adoption of the product is facilitated by stringent environmental legislation by the relevant government authorities to monitor water protection issues. In addition, rapid industrialization and the region's increasing population are key factors driving the landscape of the industry.
OPPORTUNTIES
IoT-enabled water treatment systems provide the ability for market players to boost efficiency and effectiveness while enhancing customer support. Moreover, IoT is emerging as a much-needed option, considering the amount of labour and time needed to collect water and transport it to treatment sites.
Source: VynZ Research