New York, Oct. 20, 2022 (GLOBE NEWSWIRE) — Kenneth Research has revealed an in depth market report on ‘Global Point-of-Use (POU) Water Treatment Systems Market’ for the forecast interval, i.e. 2022 – 2031, which incorporates the next components:
- Market progress over the forecast interval
- Detailed regional synopsis
- Market segmentation
- Growth drivers
- Profiling of key market gamers
Global Point-of-Use (POU) Water Treatment Systems Market Size:
The international point-of-use (POU) water remedy programs market, additionally generally termed as water remedy programs point-of-use (POU), garnered a income of USD 20.2 billion income within the 12 months 2021 and is anticipated to develop at ~10% CAGR over the forecast interval, i.e., 2022 – 2031. The progress of the market might be attributed to the necessity for clear water world wide and the growing adoption of POU programs amongst finish customers. Additionally, the rising stage of water air pollution because of fast urbanization is anticipated to be a significant component driving the expansion the market. In addition, the advancing expertise of purification akin to copper filtration, together with rising disposable revenue of customers is most definitely to enhance the expansion of the market in upcoming years. Growing shopper funding in the direction of clear and protected consuming water to fight water-borne ailments can be serving to in market growth. According to the World Health Organization (WHO), diarrhoeal illness is the second main reason for dying in kids below 5 years previous, and was answerable for the deaths of 370,000 kids in 2019.
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Prevalence of Diarrhoeal Diseases throughout the World to Boost Market Growth
A degree-of-use water remedy system is put in in a single supply line in all of the constructing’s faucets, taps, or different designated retailers for consuming, cooking, or bathing. These programs purify consuming water successfully and demand for clear water is rising everywhere in the world, coupling with the growing prevalence of ailments associated to water air pollution. According to the info by the World Health Organization (WHO), annually diarrhoea kills round 525 000 kids below 5. Globally, there are almost 1.7 billion circumstances of childhood diarrhoeal illness yearly. Hence, that is anticipated to considerably drive the expansion of the worldwide point-of-use (POU) water remedy programs market.
In addition to this, steady technological developments to make point-of-use (POU) water remedy programs extra helpful and efficient is including to the market progress. Additionally, the rising investments within the R&D actions to repeatedly carry up extra possible options for purifying water are predicted to propel the market in the course of the forecast interval. As per the analysis experiences, international analysis and growth spending has greater than tripled in actual phrases since 2000, rising from roughly USD 680 billion to almost over USD 2.5 trillion in 2019.
Global Point-of-Use (POU) Water Treatment Systems Market: Regional Overview
The international point-of-use (POU) water remedy programs market is segmented into 5 main areas together with North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa area.
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Growing Healthcare Advancements all through the Region Propelled Market Growth within the North America Region
Point-of-use (POU) water remedy programs market within the North America area confirmed a major progress within the 12 months 2021 owing to excessive demand for water remedy system amongst folks and presence of large-scale business producers of the programs. It is additional estimated to elevate considerably over the forecast interval on the again of a developed healthcare business, rising demand for clear water within the area. As POU water remedy programs play a terrific function to reduce the diarrhoeal ailments, the expansion of healthcare sector is very anticipated to positively affect the market progress. In addition to this, rising healthcare expenditure in total GDP over the area can be anticipated to enhance the market progress. As per the info by the World Bank, as of 2019, the present well being spending accounted for 16.32% of GDP in North America.
Rapid Urbanization to Boost Market Growth within the Asia Pacific Region
On the opposite hand, the point-of-use (POU) water remedy programs market in Asia Pacific area is estimated to witness modest progress by rising at the next CAGR over the forecast interval. The progress of market might be attributed to budding alternatives within the subject of POU water remedy programs together with the adoption of extremely superior applied sciences for water filtration amongst customers. Moreover, the federal government’s initiative for selling the usage of water remedy system so as to struggle in opposition to water borne ailments is one other main issue anticipated to add within the progress of the market. Additionally, the fast urbanization within the Asia Pacific area is a thought of to be a serious progress driver. As per the info by the World Bank, as of the 12 months 2021, 61% of the entire inhabitants in East Asia and Pacific accounted to city inhabitants.
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The examine additional incorporates Y-O-Y progress, demand & provide and forecast future alternative in:
- North America (U.S., Canada)
- Europe (U.Ok., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Global Point-of-Use (POU) Water Treatment Systems Market, Segmentation by Product Type
- Countertop Filters
- Pitcher Filters
- Under the Counter Filters
- Faucet Mounted Filters
- Others
The countertop filters section is anticipated to maintain the most important market dimension within the 12 months 2021 and is anticipated to develop at a notable CAGR in the course of the forecast interval. The progress of this section might be related to the straightforward plumbing connections and set up, in addition to minimal house requirement by the programs. Moreover, superior expertise used within the programs, and rising demand of customers for superior water purification strategies together with their growing disposable revenue are projected to affect the segmental progress. It was famous that, as of 2020, the worldwide disposable revenue per capita was USD 8784.
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Global Point-of-Use (POU) Water Treatment Systems Market, Segmentation by End Users
- Hotel
- Household
- Hospitals
- Educational Institutions
- Others
The hospitals section is anticipated to present substantial progress over the projection interval. The progress of the section might be attributed to the existence of an enormous affected person pool in hospital facility that requires remedy. Moreover, rising healthcare expenditure per capita on healthcare can be estimated to propel the expansion of this section. According to the info by the World Bank, as of 2019, present well being expenditure per capita among the many international inhabitants was USD 1,121.97.
Global Point-of-Use (POU) Water Treatment Systems Market, Segmentation by Category
- RO Filter
- UV Filter
- Gravity Filter
- Others
Global Point-of-Use (POU) Water Treatment Systems Market, Segmentation by Application
- Residential
- Commercial
- Industrial
Few of the well-known market leaders within the international point-of-use (POU) water remedy market which might be profiled by Kenneth Research are Honeywell International Inc., Calgon Carbon Corporation, Unilever PLC, BWT Holding GmbH, Panasonic Corporation, Katadyn Products Inc., KENT RO SYSTEMS LTD., General Ecology, Inc., COWAY CO. LTD., and Watts Water Technologies, Inc., and others.
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Recent Developments within the Global Point-of-Use (POU) Water Treatment Systems Market
- In July 2021, it was introduced that objective of BWT’s relationship with Formula 1 over the approaching years is to remove single-use plastic bottles by establishing water stations in every single place throughout the paddock.
- In April 2020, The United States Coast Guard (USCG) granted the Type Approval for the Hyde GUARDIAN-US ballast water remedy system manufactured by Calgon Carbon Corporation’s Hyde Marine ballast water remedy division (Universal Service).
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