Point-Of-Use Water Treatment Systems Market

The global Point-Of-Use Water Treatment Systems valued at 17.21 Billion in 2020 and is expected to reach 33.72 Billion in 2028 growing at a CAGR of 8.77%.

The prominent players in the market are Panasonic, LG Electronics, Pentair, Unilever, Alticor, Honeywell International, Coway, Koninklijke Philips, Best Water Technology (BWT), 3M Company.

The market is project to grow at a CAGR of 8.77% between 2021 and 2028.

The driving factors of the Point-Of-Use Water Treatment Systems include

• The growing concerns regarding safe drinking water in emerging nations is anticipated to augment the growth of the market within the estimated timeframe. According to WHO, 2.2 billion people lack access to safely managed drinking water services and almost 2 billion people depend on health care facilities without basic water services. Furthermore, over half of the global population or 4.2 billion people lack safely managed sanitation services and 297,000 children under five die every year from diarrhoeal diseases due to poor sanitation, poor hygiene, or unsafe drinking water. Thus, the installation of point-of-entry water treatment systems becomes necessary across the globe.
• Additionally, the growing human population and greater awareness about the benefits of water treatment along with the technological developments in the treatment systems is further expected to support the growth of the market in near future.

North America was the leading regional segment of the Point-Of-Use Water Treatment Systems in 2020.