The global residential water treatment equipment market is observing significant growth as the number of cases regarding health risks, severe diseases and adverse environmental impacts is increasing at the global level. The growing concerns related to environmental and industrial pollution globally is enhancing the need for efficient water treatment equipment.
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On the basis of product, the residential water treatment equipment market is categorized into point-of-use, and point-of-entry. Among these two-product categories, the point-of-use category is expected to hold the largest market share during the forecast period.
Increasing demand for high quality and clean water for cooking and drinking and increasing awareness regarding safe and reliable drinking water is fueling the growth of this segment.
The increasing water demand and water security are the primary factors aiding towards the growth of the global residential water treatment equipment market. According to a recent study, it has been observed that the water scarcity is driven by two phenomena the growing freshwater use and the other is the depletion of usable freshwater resources. Water scarcity is contributed due to two mechanisms that include physical water scarcity and economic water scarcity. The physical water scarcity is the result of inadequate natural water resources to supply any particular region’s demand. Economic water scarcity is attributed towards the inefficient management of the sufficient available water resources.
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The growing consumer interest in recycling and reuse of water is expected to create opportunities for the global residential water treatment equipment market. There are several awareness campaigns being organized by the environmental activists and NGOs that emphasize in conserving and saving of water.
Some of the key players operating in the global residential water treatment equipment industry include 3M Purification Inc., Calgon Carbon Corporation, Culligan International, Dow Water & Process Solutions, GE Water & Process Technologies, Groupe Novasep, H2O Innovation Inc., Hitachi Plant Technologies Ltd., Koch Membrane Systems, Kurita Water Industries, EMD Millipore, Mitsubishi Rayon Co. Ltd., Suez Environnement, Toray Industries Inc., Trojan Technologies, and Xylem, Inc.
Source: VynZ Research
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