Pune, India, July 07, 2022 (GLOBE NEWSWIRE) -- The global point of use water treatment systems market size was USD 19.58 billion in 2021. The market is projected to grow from USD 20.94 billion in 2022 to USD 36.54 billion by 2029 at a CAGR of 8.3% during the 2022-2029 period. Fortune Business Insights™ publishes this information in a report titled, "Point of Use Water Treatment Systems Market, 2022-2029 " . As per the report, the market is expected to grow during the projected period due to increasing awareness regarding water-borne diseases.
List of Key Players Profiled in the Report :
A.O. Smith Corporation (U.S.)
Brita LP (U.S.)
Pentair PLC (U.S.)
Culligan International Company (U.S.)
Unilever PLC (U.K.)
Panasonic Corporation (Japan)
LG Electronics (South Korea)
Helen of Troy Limited (U.S.)
Best Water Technology Group (Austria)
Kent RO Systems Ltd. (India)
Coway Co. Ltd. (South Korea)
Katadyn Group (Switzerland)
Eureka Forbes Ltd. (India)
Global Water Solutions Ltd. (U.S.)
General Ecology Inc. (U.S.)
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Segments:
Countertop Filters to Lead Market Due to High Demand
By product type, the market is divided into under the counter filters, countertop filters, pitcher filters, faucet-mounted filters, and others. Countertop filters are expected to lead the global market due to their increasing plumbing sector demand.
RO Filter Segment to Dominate Market Due to its Excellent Features
Based on category, the market is classified into RO filters, UV filters, gravity filters, and others. RO filters segment is anticipated to dominate the market due to its excellent features and feasibility.
Residential Segment to Be the Fastest-Growing Application
On the basis of application, the market is bifurcated into residential and light commercial. The residential segment holds the highest market share due to increasing adoption of these point of use water treatment systems in residential projects.
Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Scope & Segmentation
Report Attribute
Details
Market size value in 2021
USD 19.58 Billion
Revenue forecast in 2029
USD 36.54 Billion
Growth Rate
CAGR of almost 8.3% 2022-2029
Base Year
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