According to a new market report published by Lucintel, the future of the point-of-use water treatment system market looks promising with opportunities in the residential and non-residential sectors. The point-of-use water treatment system market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increasing water contamination, limited access to safe drinking water, greater awareness on the benefits of water treatment, and increasing residential and non-residential construction activities.
In this market, tabletop pitcher, faucet-mounted, countertop, and under-the-sink are the major devices used for water treatment. Tabletop pitcher dominated the market due to its low price and ready availability.
Within the point-of-use water treatment system market, reverse osmosis, distillation, disinfection, and filtration are the major technologies. Reverse osmosis is an effective water treatment and is also expected to grow at the highest CAGR over the forecast period.
Asia Pacific will remain the largest region over the forecast period due to rapid construction acitivities in the region, growing concerns related to contaminated water and the rise in awareness on various water filtration technologies.
3M, Honeywell International, Koninklijke Philips, Pentair, Panasonic, Unilever, and LG Electronics are among the major manufacturers of point-of-use water treatment system.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the point-of-use water treatment system market by device, technology, end use, and region. Lucintel has prepared a comprehensive research report titled "Point-of-Use Water Treatment system Market 2019-2024: Trends, Forecast, and Opportunity Analysis" .The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the point-of-use water treatment system market by device, technology, end use, and region as follows:
By Device [$M shipment analysis for 2013 – 2024]:
• Tabletop Pitcher
• Faucet-Mounted
• Countertop
• Under-The-Sink
By Technology [$M shipment analysis for 2013 – 2024]:
• Reverse Osmosis
• Distillation
• Disinfection
• Filtration
• Others
By End Use [$M shipment analysis for 2013 – 2024]:
• Residential
• Non-Residential
o Office
o Retail
o Education
o Healthcare
o Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this ……[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1. What are some of the most promising potential, high-growth opportunities for the point-of-use water treatment system market by device (tabletop pitcher, faucet-mounted, countertop, and under-the-sink), technology (reverse osmosis, distillation, disinfection, filtration, and others), end use (residential and non-residential), and region (Asia Pacific, Europe, North America, and ROW)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the point-of-use water treatment system market?
Q.5. What are the business risks and threats to the point-of-use water treatment system market?
Q.6. What are emerging trends in this point-of-use water treatment system market and the reasons behind them?
Q.7. What are some changing demands of customers in the point-of-use water treatment system market?
Q.8. What are the new developments in the point-of-use water treatment system market? Which companies are leading these developments?
Q.9. Who are the major players in this point-of-use water treatment system market? What strategic initiatives are being implemented by key players for business
growth?
Q.10. What are some of the competitive products and processes in this point-of-use water treatment system area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in point-of-use water treatment system market?